Treatment of Title IV funds when a student withdraws
Financial aid is awarded to a student under the assumption the student will complete the entire period for which the aid was awarded. If a student withdraws before the 60% (as measured in calendar days) of the semester, the student may no longer be eligible for the full disbursement of Title IV aid and other financial aid awarded.
A student should report to the Financial Aid Office to review the calculations of their unearned aid due by the school and the unearned aid due by the student to the Department of Education or other agencies. Albany Technical College will attempt to notify the student no later than 30 days from their official withdrawal date. The student has 45 days from the notification date to return the unearned aid.
Exit Counseling is required for students that have received federal student loans.
A student that has not completed the verification process as of the withdrawal date, will be ineligible to receive any financial aid credit to their account. Additional Title IV funds will end if the student fails to repay his portion of unearned Title IV funds within the proper time frame.
Albany Technical College has partnered with BankMobile to deliver your financial aid refund. For more information about BankMobile, visit this link: http://bankmobiledisbursements.com/refundchoices/.