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Financial Aid at RCC

Financial Aid

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Return of Title IV Funds

Federal regulations require the college to have a fair and equitable refund policy for students receiving financial aid who officially or unofficially withdraw from all classes.

Return of Title IV (Federal Aid) Funds Policy

This policy is applicable to all RCC students who receive federal financial aid and who withdraw (either "officially" through the Registrar's Office - OR - "unofficially" by no longer attending classes) from RCC before completing more than 60% of the term. We strongly encourage students to reach out to FinAid Advising if they feel they need to withdraw or cannot continue to attend their classes, to discuss options and outcomes of doing so.

  • The student’s withdrawal date is used to determine the student's percentage of earned aid. The withdrawal date is used also to determine what percentage of the enrollment period the student actually completed.
  • The percentage of earned aid is subtracted from 100% to determine the amount of Title IV Aid the student has not earned.
  • The percentage of unearned aid is multiplied by the amount of Title IV Aid that has been disbursed to the student to determine the amount of aid that the student must return.
  • The amount of Title IV Funds that the school must return to the Title IV Program is calculated by multiplying the total institutional cost by the percentage of unearned aid.
  • When a student’s aid is reduced as a result of not completing more than 60% of classes, the student will be notified of the repayment required via email by the RCC Financial Aid Office. The student is responsible for paying RCC in full for the unearned aid.
  • If the percentage of earned aid is greater than 60%, the student does not have to return Title IV Aid.

If the student withdraws ("officially" or "unofficially"), they are responsible for returning the unearned portion of their financial aid package, including but not limited to Pell Grants and Direct Loans. If the student does not return these unearned funds, they may not be eligible for future financial aid at RCC or other colleges.

Please review the Add/Drop/Withdraw from Classes page for details on the deadlines to add, drop and/or withdraw from classes and the difference between drop and withdraw.