Leaving Goucher

If a recipient of  federal Title IV aid withdraws during a period of enrollment, Goucher College must calculate the amount of Title IV aid the student earned. Unearned Title IV funds must be returned to the Title IV programs.

At Goucher College, the Director of Financial Aid and Assistant Director of Financial Aid calculate the Title IV aid earned for students.

When a student withdraws, the institution must determine the withdrawal date, the amount the student earned, (must include the amounts that were or could have been disbursed). Federal Work-Study is not included in the amount of Title IV aid earned. The institution is also responsible for returning unearned funds to Title IV programs.

The federal formula requires the return of Title IV aid if the student received Federal financial assistance in the form of a Pell Grant, Supplemental Educational Opportunity Grant, Federal Perkins Loan, Federal Unsubsidized or Subsidized Stafford loan, Federal PLUS loan and withdrew on or before completing 60% of the semester. The percentage of Title IV aid to be returned is equal to the number of calendar days the student was enrolled (minus scheduled breaks) divided by the number of calendar days in the semester.