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CONSUMER INFORMATION
ACCREDITATION INFORMATION

ADMINISTRATIVE STAFF
ADMISSION PROCEDURES
CAREER PLACEMENT SERVICES
ATTENDANCE POLICY
CAMPUS NETWORK USE POLICY
CHANGE OF STUDENT INFORMATION
CLASS SCHEDULE
COLLEGE NAVIGATOR WEBSITE
CONSTITUTION DAY
COPYRIGHT INFRINGMENT POLICY
COST OF ATTENDENCE
COURSE INCOMPLETES
CREDIT BALANCE
CURRICULUM AND TEXTBOOK
DEPENDENCY OVERRIDES
DIPLOMA
EDUCATIONAL OBJECTIVE
EDUCATIONAL PROGRAM
EMERGENCY EVACUALTION PROCEEDURES
ENTRANCE REQUIREMENTS
FACILITIES
FERPA PRIVACY INFORMATION
FINANCIAL AID INFORMATION & AVAILABILITY
GRADING POLICY
GRADUATION
HOLIDAYS
INFORMATION SECURITY
LEAVE OF ABSENCE
MAXIMUM TIME FRAME
MISPRESENTATION
MISSION STATEMENT
NET PRICE CACULATOR
NON DISCRIMINATION-HANDICAPPED POLICY
OFFICIAL DRESS CODE
PROFESSIONAL JUDGMENT
REFUND POLICY
RETURN OF TITLE IV FUNDS POLICY
SATISFACTORY ACADEMIC PROGRESS POLICY (SAP)
SCHOOL OBJECTIVE
SCHOOL SECURITY AND CRIME STATISTICS
STUDENT AFAIRS AND SERVICES
STUDENT BODY DIVERSITY
STUDENT CODE OF CONDUCT AND CONDUCT PROCESS
STUDENT COMPLAINTS AND GRIEVANCE POLICY
STUDENT FINANCIAL AID RIGHTS AND RESPONSIBILITIES
STUDENT HOUSING
STUDENT OUTCOMES
STUDENT PARKING
STUDENT RIGHTS AND RESPONSIBILTIES
STUDENT SUBSTANCE ABUSE POLICY
TARDINESS & MAKE-UP WORK
TERMINATION POLICY
TRANSCRIPTS
TRANSFER OF CREDIT FROM OTHER INSTITUTIONS
VACCINATION POLICY
VERIFICATION POLICY
VOTER REGISTRATION
WITHDRAWAL & UNOFFICIAL WITHDRAWALS

RETURN OF TITLE IV FUNDS POLICY

 
 

 

Step One: Determine amount of Title IV funds disbursed and/or amount that could have been disbursed as of the last day of attendance.

Step Two: Determine the percentage of the period of enrollment completed by the student.  Divide the number of clock hours completed in the period of enrollment by the number of clock hours possible.  If the percentage completed exceeds 60%, the percentage of Title IV earned = 100%.  Proceed to step three.

If the percentage is less than 60%, divide the number of clock hours completed by the number of clock hours scheduled to be completed as of the date the student withdrew.  If this amount is less than 70%, use the previous percentages and proceed to step three.

If the second percentage is 70% or greater, determine the clock hours scheduled to be completed as of the date the student withdrew divided by the total clock hours in the period of enrollment.  Proceed to step three.

The percentage is calculated out to four decimal places and then rounded to the third decimal place.
(Example: 45 Days/101 Days = .4455 or 44.6%)

Step Three: Calculate the amount of Title IV Aid earned by the student.  Multiply the total of Title IV aid disbursed by the percentage of Title IV Aid earned from step two.

Step Four: Determine if the student is due a post-withdrawal disbursement, or if Title IV Aid must be returned to the United States Department of Education.  If the amount of Title IV aid earned is larger than the amount of Title IV received, the difference will be disbursed and applied to student’s account.  If the amount of Title IV aid earned is less than the amount of Title IV aid received, the difference will be returned to U.S. Department of Education.

Step Five: Calculate the amount of unearned Title IV aid due from the institution.  The institution must return the lesser of institutional charges multiplied by the percentage of unearned (100% - percent of Title IV aid earned) and the amount of Title IV aid to be returned.

Step Six: Determine return of funds by Alabama State College of Barber Styling to the U.S. Department of Education.

Step Seven:  Calculate the initial amount of unearned Title IV aid to be repaid by the student.  Subtract the school’s responsibility from the total amount of Title IV aid to be returned to the United States Department of Education to determine the amount of Title IV funds due from the student.

Step Eight: Determine return of funds by the student.

 

 

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