The Financial Aid Office recalculates federal financial aid* eligibility for any student who completely withdraws, stops attending classes, or is dismissed during the semester, prior to 60% of the semester being completed. Recalculation is based on the percent of earned federal financial aid based on the following formula:
Percent of federal aid earned = number of days completed up to the withdrawal date** divided by total days in the semester (excluding break weeks). For more specific information regarding this time frame, please contact the Enrollment Advisement Center.
Federal financial aid is returned to the federal government based on the percent of unearned aid using the following formula: aid to be returned = amount of Federal Title IV Aid disbursed minus Federal Title IV aid earned.
When federal financial aid is returned the student may owe money to CCC and may also owe funds to the federal government. If repayment is owed to a federal aid program the student will have 45 days from the date of notification to repay these funds. Failure to repay within 45 days will result in the account information being turned over to the U.S. Department of Education for collection and future federal aid eligibility would be lost until this debt is repaid. Students should contact the Enrollment Advisement Center regarding any money owed to CCC.
* Federal financial aid for this calculation at CCC includes Federal Pell Grant, FSEOG, Federal Direct Student Loans and Federal Direct PLUS (Parent Loan). Any unearned funds are returned to the Direct Loans first, then Pell Grant and then SEOG.
** Withdrawal date is defined as the actual date the student began the withdrawal process or the student’s last date of recorded attendance for the student who leaves without notifying CCC.
*** For students who receive all F's or a combination of F’s and W’s, the Financial Aid Office will confirm the last date a student attended and will return funds if the last date of attendance is prior to the 60% point of the semester. The return of funds in this case would occur after the semester is over and students will be notified if they have had a recalculation performed, and if so, will be billed by the Student Accounts Office.