Student Services

Refunds and Repayments

CAUTION: If you are a financial aid recipient and are thinking about dropping your classes or withdrawing from the College, please consult a financial aid counselor.

SCFstudents receive a 100 percent refund on all tuition and fees for classes dropped prior to or during the drop/add period for each term.  Any refunds will first be credited to any financial assistance received.

SCF's tuition refund policy is separate from the federal requirement to return unearned aid when a student withdraws. Whether or not the student receives a tuition refund has no bearing on the amount the student may be required to repay under the Return of Title IV Funds requirements.

No Show Policy

Students are not allowed to receive financial assistance for classes which they were reported as a No Show. The student's financial assistance will be adjusted based on the enrollment status.

Official/Unofficial Withdrawals

Students who wish to withdraw should follow SCF's official withdrawal process. Students receiving federal funds may be required to repay aid determined to be "unearned." The earned/unearned calculation is based on the percentage of days the student attended during the term in which they withdrew. The amount of aid the student has earned is determined on a prorated basis. That is, if the student completed 30 percent of the term, the student earns 30 percent of the aid received. Once the student has completed 60% of the term, the student is considered to have earned all of their aid.

The difference between the earned federal aid and total aid received equals the amount of "unearned" federal funds. Unearned federal funds are subject to repayment. Federal regulations require Title IV aid to be refunded in the following order:

 

  1. Unsubsidized Federal Stafford Loan
  2. Subsidized Federal Stafford Loan
  3. Federal PLUS Loan
  4. Federal Pell Grant
  5. Federal Academic Competitiveness Grant
  6. Federal Supplemental Education Opportunity Grant

If the student does not receive a passing grade at the end of the term, the Return of Title IV (R2T4) Funds calculation will be done after grades are posted for the term and it will be assumed the student unofficially withdrew at the 50 percent point of that term. Unless the class participation is available.

Any loans funds the student must return, the student (or their parents for a PLUS Loan) may repay in accordance with the terms of their promissory note(s).  For grants, the law requires the student return 50 percent of any grant funds they receive. Any amount the student is required to return is a grant overpayment. SCF will repay any grant overpayment to the applicable federal program on the student's behalf and the student will be billed by SCF for any funds returned on their behalf.

SCF will notify the student when an R2T4 calculation is performed due to either an official or unofficial withdrawal and the student may be billed for any outstanding obligations by the student failing to earn Title IV funds, for which Federal funds were disbursed. Students are not eligible for further aid until all repayments have been made.

Questions regarding the process for withdrawing should be addressed to the Educational Records office. Questions regarding refunds and/or repayments should be addressed to the Financial Aid Services office,  

 

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