Return of Title IV Funds
According to federal regulations, students who receive federal financial aid and withdraw from all of their classes before completing 60% of the semester/payment period must return any unearned federal funds. The amount of the return is calculated based on the percentage of the semester completed by the student.
NDNU is not required to take attendance. The withdrawal date for the return of Title IV calculation will be:
- The date the student provides official notification to the Office of the Registrar, or
- The student’s last documented date of attendance at an academically related activity, or
- The date NDNU determines is related to the circumstance beyond the student’s control, or
- The midpoint of the payment period for students who do not officially withdraw
Funds to be returned are determined by the federally defined order for this purpose:
- Unsubsidized Federal Direct Stafford Loans
- Subsidized Federal Direct Stafford Loans
- Federal Direct PLUS Loans
- Federal Pell Grant
- Iraq & Afghanistan Service Grants
- FSEOG
- TEACH Grant
These funds to be returned are divided between the school and the withdrawing student. The Office of Financial Aid informs the student of the portion of the student’s financial aid to be returned. This Return of Funds process must be completed within 30 days of the NDNU Office of Financial Aid becoming aware of the student’s complete withdrawal from classes.
For information on new regulations effective Summer 2021, per 34 CFR 668.22 (I), including Withdrawal Exemption and Covid-19 Flexibilities, please contact NDNU Office of Financial Aid at finaid@ndnu.edu.