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Repayment
and Return of Federal Financial Aid Funds
Green River's tuition refund policy operates independently from the return
of federal financial aid funds policy required for financial aid recipients. The college's
tuition refund policy applies to the first twenty calendar days of the quarter while the
financial aid return of funds policy applies to the first 60% of the quarter. Tuition
refunds are not returned directly to financial aid recipients; instead, they are returned
to financial aid accounts.
When students withdraw from classes or quit attending before 60% of the
quarter has elapsed, unearned Title IV federal funds (grant and loan) must be returned to
the federal accounts by both the student and the college. The amount of earned and
unearned funds is based upon the number of calendar days of class attendance. The
percentage of assistance earned is equal to the percentage of the payment period
completed. The percentage of Title IV funds not earned equals 100 percent minus the
percent of Title IV aid earned. The student and the college may retain the earned portion
of aid, but must return a portion of the unearned aid to the grant and loan accounts.
If the student shows eligibility for funds not yet disbursed, a late
disbursement of aid can be made even though the student has ceased attendance.
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