Complete Withdrawal = Payback of Federal Money
Any student that does a complete withdrawal from classes before 60% of the semester is completed and receives a Pell Grant, SEOG Grant, Direct Subsidized Loan, Direct Unsubsidized Loan, or a Direct PLUS (Parent) Loan will be required to pay back a portion of the financial aid money received. This money is due to the federal government and unless paid immediately will stop further enrollment with Southeastern and additional financial aid funding from other schools. This is called RETURN OF TITLE IV FUNDS.
Basically, the Return of Title IV Funds works like this: if you drop out before the 60% point of a semester, you owe back all the tuition charges covering the balance of the term. So a student who completely withdraws after 25% of the semester owes 75% of their original tuition charges back to the government immediately. You will pay this money to the SOSU Business Office, who sends it to the federal government on your behalf. (Remember, this applies only to complete withdrawals, not partial withdrawals.)
Students who drop after 60% of the semester do not owe immediate paybacks at all.
Southeastern will NOT automatically cancel a student's enrollment for nonpayment of tuition and fees. Complete withdrawal from the institution is the sole responsibility of each student.
ONCE YOU HAVE ENROLLED YOU MUST OFFICIALLY WITHDRAW FROM CLASSES IN PERSON OR IN WRITING.
Zero Credit Semesters (ALL FAILED/INCOMPLETES/UNSATISFACTORY)
Students will be required to pay back a percentage of the financial aid money received for that semester. All calculations will be figured from the last known attendance date. If a student does not have a reported last attendance date, then the financial aid office will use the census date (last day to drop/add a course). Once payback calculations are determined, a letter will be sent to the student. If a student wishes to appeal the date the calculation was based upon, then the student has 30 days from the date of letter to provide proof of last day of attendance.
So, remember, we want you to stay in school the entire year, but if something unexpected were to happen.....timing could mean the difference in having to pay funds back to the federal government.