REFUND FORMULA FOR TITLE IV FUNDS

The Title IV refund formula will be implemented for those students attending Coahoma Community College and receiving Title IV funds.  The refund formula will only allow a student to receive a percentage of the Title IV funds awarded if the student withdraws from school before completing 60% of the payment period (semester).  The student, the institution, or both will return the unearned Federal funds to the appropriate program.  The student is responsible for paying the institution for any outstanding charges.  The student is eligible to receive 100% of the Title IV funds awarded if the withdrawal occurs after the 60% payment period.

ORDER OF RETURN OF TITLE IV FUNDS

The school must return Title IV funds to the programs from which the student received aid during the payment period as applicable in the following order up to the net amount disbursed from each source.

1. Federal Pell Grants
2. Federal Supplemental Educational Opportunity Grants (FSEOG)
3. Other grant assistance authorized by Title IV of the Higher Education Act