Return to Title IV
The U.S. Department of Education regulates the management of Title IV funds and, in some cases, students who receive Title IV financial aid but do not complete their coursework are not considered to have "earned" the Title IV aid they received.
If students are enrolled beyond the census date in any term/semester in which they receive financial aid and then withdraw (officially or unofficially) or otherwise do not complete the full length of the term/semester or receive unsatisfactory grades in all of their courses, repayment of a portion of the financial aid received for that term/semester may be required. The College of Idaho is required to determine the earned and unearned portions of Title IV aid the student was scheduled to receive. If the College determines that the student must return a portion of the Title IV funds received, it will return those funds in the following order:
- Federal Unsubsidized Stafford Loan
- Federal GradPLUS Loan
It will also notify the student of the determinations and calculated values used in the Return to Title IV (R2T4) calculation and the resulting balance owed to the College and/or the U.S. Department of Education.
NOTE: If a student attends beyond the 60 percent point of a semester, that student is considered to have earned 100 percent of the aid received for the semester.
If students enroll but do not attend classes, they will need to repay all financial aid. Students who do not attend classes have not established eligibility for the financial aid received, and all financial aid must be repaid within 30 days.
Students agree that if they withdraw or otherwise cease attendance up through and including the 60 percent point of a term/semester, they may owe a repayment of all or a portion of the financial aid received and agree to pay back any and all amounts due to either the College or the U.S. Department of Education.
Amounts required to be returned to the U.S. Department of Education by The College of Idaho become debts immediately due and payable to the College upon completion of the R2T4 calculation and will be billed to the student. The student must make prompt payment or payment arrangements to satisfy the debt owed to the College. The College reserves the right to refer the debt to a collection agency for servicing. Amounts returned by the College to the U.S. Department of Education on the student's behalf and owed to the College must be paid directly to the Business Office. Do not send payments to any other department or agency.