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University of Houton-Victoria

Financial Aid Links

Cash Course 

Financial Aid
Priority Deadlines: 

Fall 2014 - 8/14/14

8 weel 1- 8/18/14

8 week 2- 10/20/14

First Possible Disbursement Dates:

Spring 2014 - 1/12/15

8 week 1 - 1/12/15

8 week 2  - 3/23/15

Summer 1 - 5/26/15

2nd disbursement - 6/18/15

Summer 2 -6/30/15

2nd disbursement - 7/23/15

Summer 10 -5/26/15

2nd disbursement -7/16/15

Disbursements occur Mondays, Wednesdays and Thursdays.

All documentation must be completed prior to disbursement.

Return to Title IV Funds Policy


Effective: July 2011

When a student totally withdraws, stops attending, is expelled or takes a qualified leave of absence from all classes in a given semester, the Higher Education Act requires the institution to determine whether Title IV funds must be returned by or on behalf of the student.  Title IV aid is earned in a prorated manner on a per diem basis up to and including the 60% point in the semester.  For example, a student who withdraws completing only 30% of the term will have "earned" only 30% of any Title IV aid received. The remaining 70% must be returned by the school and/or the student.   Aid adjustments may cause the student to repay a portion of any financial aid received.   Students will be notified of any indebtedness to UHV.  Students who withdraw after completing 60% of the term will be considered to have "earned" 100% of the aid. 

If a student is thinking about withdrawing from all classes PRIOR to completing 60% of the semester, he or she should contact the Office of Financial Aid (OFA) to see how withdrawal of classes would affect his or her financial aid.  A copy of the “Return of Title IV Funds" worksheet used for this calculation can be obtained from UHV´s Office of Financial Aid.

Tuition and Fee Refund Policy for All Students

Refunds on all institutional charges, including tuition and fees, will be calculated in accordance with Section 54.006 of the Texas Higher Education Code refund policy when a student drops a class or withdraws from UHV. UHV´s Institutional Refund policy is available at: http://www.uhv.edu/Bursar/DropWithdrawlRefundSchedule.aspx

Official and Unofficial Withdrawals

This policy shall apply to all students who officially or unofficially withdraw from the University of Houston-Victoria (UHV), and receive financial aid from Title IV funds.

The term "Title IV Funds" refers to the Federal financial aid programs authorized under the Higher Education Act of 1965 (as amended) and includes the following programs: unsubsidized Direct loans, subsidized Direct loans, Direct PLUS loans, Federal Pell Grants, Federal SEOG, TEACH Grant, and the Iraq Afghanistan Service Grant.. The calculation does not include the Federal College Work-Study program.

A student’s withdrawal date is: the date the student began the institution’s withdrawal process or officially notified the institution of the intent to withdraw. This can be done by withdrawing in myUHV.  For a student who leaves without notifying the institution, the withdrawal date will be determined by the midpoint of the period or the student´s last date of attendance at a documented academically-related activity (examples of academically-related activity include an exam, a tutorial, computer assisted instruction, physical attendance where there is direct interaction between instructor and student, participation in on-line discussion about academic matters, initiation of contact with instructor to ask questions about academic subject matter, class assignments completed, or a meeting  of a study group assigned by the school).  Logging into an on-line class only is not considered an academically-related activity.   If special circumstances exist that prevent a student from beginning the withdrawal process, the Director of Financial Aid will consider these matters on a case by case basis.   

Enrollment reports are reviewed to determine who has withdrawn and the date of withdrawal.  The Office of Financial Aid also receives an “All F" report at the end of each semester from the Registrar’s Office.  Students who receive a letter grade of “F" in all courses registered for a term will be subject to the Return of Title IV Funds calculation once a withdrawal date is determined.  Professors are contacted for determining the student´s last academic related activity.

For students enrolled in Modules

A student is considered withdrawn if the student does not complete all of the days in the payment period that the student was scheduled to complete.   UHV will track enrollment in each module (a group of courses in a program that do not span the entire length of the payment period, for example, an intersession or mini-sessions combined to form a term) to determine if a student began enrollment in all scheduled courses.  If a student officially drops courses in a later module while still attending a current module, the student is not considered as withdrawn based on not attending the later module.  However, a recalculation of aid based on a change in enrollment status may still be required.

If a student provides written confirmation to UHV at the time of ceasing attendance that the student plans to attend another course later in the same payment period, the student is not considered to have withdrawn from the term.  If the student does not provide written confirmation of plans to return to school later in the same period, a school considers the student to have withdrawn.  However, if the student does return to UHV in the same period, even if the student did not provide written confirmation of plans to do so, the student is not considered to have withdrawn after all and is eligible to receive the Title IV funds for which the student was eligible before ceasing attendance.  UHV will then reverse the R2T4 process and provide additional funds the student is eligible to receive at the time of return.

Title IV Aid Disbursed or Could Have Been Disbursed

The first step of the calculation is identifying all the net Title IV aid disbursed to the student’s account or by check prior to the determination of the student’s withdrawal date.   To be aid that could have been disbursed, the Department of Education had processed the student’s FAFSA with an official EFC, Pell and/or SEOG was already awarded, and a loan was certified or originated by the school and the student had a valid MPN.  Aid that is prohibited from being disbursed prior to the student withdrawing is also aid that could have been disbursed.  However, the student will never be able to receive the funds.  For example, aid prohibited from being disbursed could be the 2nd disbursement of a loan for the payment period.

Earned Aid

The percentage of Title IV aid earned shall be calculated as follows: # of days completed by student / Total # of days in term.   The percent of term completed shall be the percentage of Title IV aid earned by the student. The total number of calendar days in a term of enrollment shall exclude any scheduled breaks of more than five days.

Unearned Aid

The percentage of Title IV aid unearned (i.e., to be returned to the appropriate program) shall be: 100% minus the percent earned.   First, UHV shall return the unearned aid to the federal programs or lender by debiting the student´s account.  The calculation is as follows:

Total required institutional charges X percent of unearned aid = amount returned to program(s) by UHV

Institutional charges consist of tuition and fee charges assessed prior to the withdrawal and on-campus room and board charges.

Second, the student shall return the unearned aid to the federal programs or lender as follows:

Total unearned aid less the institution´s share = amount returned to the program by the student

Distribution of Title IV Funds

Unearned Title IV aid shall be returned to the following programs in the following order:

  •     Unsubsidized Stafford Loan
  •     Subsidized Stafford Loan
  •     Graduate PLUS Loan
  •     Parent PLUS Loan
  •     Federal Pell Grant
  •     Federal SEOG
  •     TEACH Grant
  •     Iraq Afghanistan Service Grant

 Exception: no program can receive a refund if the student did not receive aid from that program. When the total amount of unearned aid is greater than the amount returned by UHV from the student´s account, the student is responsible for returning unearned aid to the appropriate program(s) as follows:

  •     Unsubsidized Stafford Loan*
  •     Subsidized Stafford Loan*
  •     Graduate PLUS Loan*
  •     Parent PLUS Loan*
  •     Federal Pell Grant**
  •     Federal SEOG**
  •     TEACH Grant**
  •     Iraq Afghanistan Service Grant**

 *Loans amounts are returned with the terms of the promissory note.

 **Grant funds due to be returned would be the initial amount of grants for the student to return minus 50% of grant aid disbursed. A student does not have to repay grant overpayments of $50 or less per program.

 Time Line for Return of Title IV Funds

Refunds and adjusted bills will be sent to the student´s home address on file in myUHV following withdrawal.   Students are responsible for any portion of their institutional charges that are left outstanding after Title IV funds are returned. The Student Billing and Card Services Office will send each student up to three collection notices, allowing outstanding balances to be paid within 90 days. Delinquent accounts are assigned to an outside collection agency and are reported to the credit bureau. Students who have an outstanding balance on their UHV student account will remain ineligible to register for courses in upcoming semesters until the account is paid in full.

 

Institutional and Student Responsibilities

UHV´s responsibilities in regard to the Return of Title IV funds include:

  • Providing each student with the information given in this policy (See UHV Catalog and UHV Financial Aid website at http://www.uhv.edu);
  • Identifying students who are affected by this policy and completing the Return of Title IV Funds calculation for those students within 45 days of determining the student withdrew and returning any Title IV funds that are due the Title IV programs within 45 days of determining the student withdrew.
  • Contact a withdrawn student prior to making a Post-Withdrawal Disbursement of loan funds to explain loan obligations and confirm if the loan funds are still wanted by the student within 30 days of the schools' determination of the student withdrawal. Documentation of the student's decision and contact information must be filed in the student's folder.

The student's responsibilities in regard to the return of Title IV funds include:

  • Becoming familiar with the Return of Title IV policy and how complete withdrawal affects eligibility for Title IV aid; and
  • Returning to UHV any funds that were disbursed directly to the student and which the student was determined to be ineligible for via the Return of Title IV funds calculation.
  • Provide a response within 15 days instructingUHV to make a post-withdrawal disbursement.

Example

Michael withdrew after attending 11 days of a 110 day enrollment period.

  • He received a $1000 Pell Grant and a $2500 Federal Subsidized Loan.
  • His institutional costs were $1000.
  • Days attended 11 /Days in Period 110 = Percentage completed 10%.
  • Total Title IV aid disbursed $3500 X % Completed 10% = Earned Aid $350
  • Total disbursed aid $3500 - Total Earned Aid $350 = Unearned Aid $3150 100%-% Complete 10% = % Unearned Aid 90%.
  • % Unearned Aid 90% X Institutional Charges $1000 = Uncoverable charges $900 The lesser of: Unearned Aid to be Returned ($3150) or Uncoverable Charges = $900 Unearned Aid $3150 - Institution's Share $900 = Student's Share $2250
  • The institution will return $900 to the Federal Subsidized Loan lender.
  • The student will return $1600 to the Federal Subsidized Loan lender according to the terms of the promissory note.
  • Initial amount of unearned aid due from the student $2250--student's repayment to the student's loan $1600 = Initial amount of Title IV Grants for Student to Return $650
  • Grant aid disbursed $1000 X 50% = $500
  • $650 - $500  = Title IV Grant Funds for the Student to Return $150
  • If the student's account has a balance after returning the financial aid, the student will be billed.

Appeals

Students may make a written appeal for an exception based on their individual circumstances. The appeal should be made to the Financial Aid Director. An appeal would be, for example, if the professors withdrew a student from all the classes. The professors did not provide a last day of academic related activity so the calculation used the midpoint in the term. The student wanted to provide documentation to prove that he or she attended classes longer than the midpoint in the term.

The fees, procedures, and policies listed above supersede those published previously and are subject to change at any time.