Issue link: https://www.e-digitaleditions.com/i/856285
21 Student Services 2017-2018 procedures for withdrawal. I. Definitions A. Calculations are based upon the percentage of aid earned. For students who officially withdraw from school or during the semester/payment period, the percentage of aid earned is based upon the number of days completed during that period of time. For students who unofficially withdraw from school, the mid-point of the semester/ payment period may be used for calculation purposes. B. Amount of aid earned by the student is determined by taking the aid disbursed (plus aid that could have been disbursed) and multiplying by the percentage of aid earned. C. Amount of Title IV aid to be returned is the difference between the total aid disbursed and the amount of aid earned by the student. D. Amount of unearned Title IV aid due from the school is calculated by taking the total institutional costs multiplied by the percentage of unearned Title IV aid. If loan funds were included in the disbursement, unearned Title IV aid due from the school would first be returned to the loan program(s). E. Amount of unearned Title IV aid due from the student is calculated by taking the previously calculated Title IV aid to be returned and subtracting the amount of unearned aid returned by the school. Title IV loans are reimbursed first. Since loan repayment is subject to the terms of the promissory note, the student is not required to make immediate repayment. The school will bill the student for amounts requiring immediate repayment. Student may pay in full or make satisfactory repayment arrangements. Failure by the student to repay or make satisfactory repayment arrangements will result in the reporting of the debt to the U.S. Department of Education and the student will be ineligible for further Title IV assistance. Funds owed back to GateWay Community College, by the student, will be reported for collection to the State of Arizona Department of Revenue and may result in the garnishment of the student's Arizona State income tax returns. II. Funds must be returned to the source(s) from which they were paid. A. School return of funds must be distributed in the following order: 1. Unsubsidized Direct Loan 2. Subsidized Direct Loan 3. Federal Pell Grant 4. Federal Supplemental Educational Opportunity Grant (FSEOG) 5. Other Title IV programs 6. Student return of funds must be distributed in the following order: 7. Unsubsidized Direct Loan* 8. Subsidized Direct Loan* 9. Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Other Title IV programs *Loan amounts are returned in accordance with the terms of the promissory note. Maricopa Community Colleges Standards of Satisfactory Academic Progress (SAP) Standards of Satisfactory Academic Progress (SAP) for Financial Aid Eligibility Federal regulations (CFR 668.32(f) and 668.34) require a student to move toward the completion of a degree or certificate within an eligible program when receiving financial aid. Specific requirements for academic progress for financial aid recipients are applied differently than Scholastic Standards. Federal regulations state that Academic Progress Standards must include a review of all periods of enrollment, regardless of whether or not aid was received. The student must meet the following minimum standards in order to receive financial aid. I. Evaluation of Financial Aid Eligibility A. Standards of Satisfactory Academic Progress (SAP) are applied at the end of every semester/payment period to determine the eligibility for the following academic semester/payment period. B. The evaluation period will be based on attendance in the immediate prior semester/payment period and will include all classes attempted whether federal aid was received or not. C. Grades for classes evaluated will include classes attempted at the evaluating school and courses funded through consortium agreement. D. Students who do not meet SAP requirements will be notified in their Message Center in their my.maricopa. edu account. The student may follow the appeal process or the reinstatement procedures as outlined in V and VI. Students will not have eligibility for any further federal aid until they have successfully completed one of the two reinstatement procedures.