If you received financial aid and withdraw from all of your classes within the first 60% of the term, we must recalculate your financial aid eligibility according to a federally prescribed formula. Since funds are awarded based on your attending the entire term, we must recalculate your award based on the actual number of days you attended. The calculation will determine if you received funds for which you are NOT eligible or if you are eligible for a post withdrawal disbursement.
For example, a student who withdraws after completing only 20% of the term will have “earned” only 20% of any Title IV financial aid received. The remaining 80% of Title IV funds received is considered “unearned” aid and must be returned by Palm Beach Atlantic University and/or the student to the federal government. This process is called a Return to Title IV calculation.
The Office of Financial Aid encourages students to consult with a Financial Aid Counselor before they actually withdraw. The counselor will explain the Return to Title IV Policy and how it will affect the student.
Additional Information for Evening Undergraduate and Graduate Student in 8 week module programs
Term A Withdrawals
If you withdraw from all Term A courses and attend your Term B courses you will be fully eligible for all of your Title IV financial aid. You must provide a written statement to the Office of Financial Aid committing to attend all Term B courses.
If you withdraw from all Term A courses and do not attend Term B courses you will be subject to a Return to Title IV calculation.
Term B Withdrawals
If you successfully complete Term A courses, but withdraw from all Term B courses, you will be subject to a Return to Title IV calculation if you attended less than 60% of the semester.