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doc15466 Return_of_Title_IV_Financial_Aid_Policy.pdf

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Page 1

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            "text": "KENTUCKY STATE UNIVERSITY",
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            "text": "Policies and Regulations",
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            "text": "POLICY TITLE:\nReturn of Title IV Financial Aid Policy"
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            "text": "APPLIES TO:\nAll students receiving Title IV Federal Aid"
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            "text": "ADMINISTRATIVE AUTHORITY:\nOffice of Financial Aid"
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            "text": "APPROVED BY:\nPresident Koffi C. Akakpo (Interim Approval)"
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            "text": "EFFECTIVE DATE:\nSeptember 26, 2025"
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            "text": "EXPIRATION DATE:\nSixth Months from Approval if Not Renewed or Made Permanent"
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            "text": "NEXT REVIEW DATE:",
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            "text": "The Higher Education Amendments of 1998 established regulations requiring institutions to return unearned Title IV funds when students withdraw from all classes prior to completing 60% of a term. When a student withdraws from Kentucky State University, both the University and the student may be responsible for returning federal financial aid funds."
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            "text": "Title IV aid is earned in direct proportion to the number of days a student is enrolled. Students who withdraw before the 60% point of a semester may have aid reduced or canceled. Students remaining enrolled beyond 60% of the term are considered to have earned 100% of their aid."
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            "text": "Title IV Aid: Federal student aid programs including Pell Grant, SEOG, TEACH Grant, Direct Subsidized and Unsubsidized Loans, Perkins Loan, and Direct PLUS Loans."
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Page 2

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            "text": "Earned Aid: The portion of Title IV aid a student is entitled to based on the percentage of the term completed."
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            "text": "Amounts owed are billed by the Bursar's Office and posted to the student's WIRED account."
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Page 3

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