# Withdrawal

### Withdrawing from all courses or quitting:

Federal financial aid recipients who withdraw from the semester before 60 percent of the term is completed are subject to Return to Title IV regulations. These regulations view aid as a resource for the entire term; aid is earned for the number of days attended, but unearned for the days that will be missed due to withdrawal. Unearned aid must be returned to the appropriate aid programs. Determine the percentage of earned aid by dividing the number of days attended by the number of days in the semester. (When the earned aid is 60% or greater, without rounding, then federal aid is not returned.) Subtract the earned aid percentage from 100%  for the unearned percentage. Multiply the unearned percentage by the charges for tuition and fees, room and board on the student's account. The result is approximately the amount of aid that will be returned to federal aid programs. Loans are refunded before grants. To find out the exact amount for you, please contact the Student Financial Aid Office.

Example:
A sophomore withdraws three weeks into the semester. She was charged full-time in-state undergraduate tuition of \$3,548. A \$2,250 subsidized Direct Loan paid the majority of charges; she paid the remainder from savings and has a \$0 balance on her student account on the day of withdrawal. There are 109 days in the semester; she attended 23.

• Percentage of earned aid = 23/109 = 21.1% earned.
• Unearned aid = 100% - 21.1% (earned) = 78.9% unearned.
• \$2,250 (aid received) X 21.1% = \$474.75 earned.
• \$2,250 - \$474.75 = \$1,775.25 unearned.
• Amount of Aid to be Returned by School = Institutional charges times unearned percentage; \$3,548 X 78.9% = \$2,799.37.
• Since \$2,799.37 exceeds the amount of unearned aid, the lesser number is used. \$1,775 of the subsidized Direct Loan disbursement would be reversed from her student account. The loan debt is reduced but since the tuition refund was \$1,774, the student owes the university \$1.00. (\$1,774- \$1,775 = \$-1.00.)

Federal regulations prescribe the calculation of a student's eligibility for federal financial aid funds when the student completely withdraws (officially or unofficially) from the University during the semester. This policy became effective beginning with the fall semester of 2000. For more information on Return to Title IV Policy, please download the appropriate file.

### Quitting without going through the official withdrawal process:

Visit the Registrar site to to withdraw from the University or use myUK to withdraw from a course.