Return of Title IV Policy is a school’s written procedure for calculating and returning unearned federal student aid when a student withdraws before completing a payment period.
What the catalog says
The catalog states: “When a student officially or unofficially withdraws before the end of a payment period, InterCoast Colleges complies with federal regulations (34 CFR 668.22) and completes a Return to Title IV funds (R2T4) calculation.”
On the withdrawal date: “InterCoast is an attendance-taking institution. A student’s withdrawal date is always the last date of academic attendance as determined by the school’s attendance records.”
On the school’s responsibility: “If the school received more funds than the student earned, the school must return the excess funds.”
“The student is obligated to pay only for the educational services rendered.”
Where it applies
InterCoast Colleges’ catalog states this under “RETURN OF TITLE IV POLICY” (pp. 22–25).
“Return of Title IV Policy applies to financial aid recipients who officially or unofficially withdraw before completing their program.”