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Office of Financial Aid

FinaidWithdrawal Refunds and Repayments

Financial Aid Withdrawal Refunds/Repayments

Refunds to Programs

When a student withdraws from the university, refunds will be returned to the programs from which the student received aid. The date of withdrawal is determined by the Registrar’s Office and is based upon the date the student began the withdrawal process. Refunds are determined by using the Withdrawal/Refund Calculation Sheet that is based upon Federal Rules and Regulations #484B, #682.606 and #682.607 in the Federal Register.

If the student does not complete the university’s official withdrawal form, the student will be responsible for 100% of the semester’s charges. If the student secures documentation from each of his professors attesting to his last date of attendance in their classes and completes a Withdrawal Form, a refund may be calculated based upon the normal withdrawal/refund processing policy. (The Registrar determines if the documentation is sufficient. If the Registrar changes the date of withdrawal, the student should contact the Office of Financial Aid to determine if a recalculation is appropriate.)

Repayments to Programs When a Return of Title IV Calculation is Completed

If a return of federal funds is applicable based on the calculation of a withdrawal, the funds will be returned in the following order to the United States Department of Education:

  1. Unsubsidized Direct Loan
  2. Subsidized Direct Loan
  3. Perkins Loan
  4. Direct PLUS (Graduate Students)
  5. Direct PLUS (Parent)
  6. Pell Grant
  7. FSEOG
  8. Other Title IV Grant Funds
  9. NC State Funds
A Constituent Institution of The University of North Carolina