Students who officially withdraw, drop, or do not otherwise complete all the courses that they are scheduled to attend in the term may have disbursed funds returned to the federal government. This includes students who stop engaging in academically related activities in any or all courses during the term.
Federal regulations established by the U.S. Department of Education require the Office of Financial Aid to apply a formula, entitled Return to Title IV (R2T4), to determine the percentage of federal financial aid a student has earned up through the last date of academically related activity in any or all courses during the term.
The following enrollment changes in Course-Based Programs may trigger an R2T4:
The following enrollment changes in Tempo Learning® Programs may trigger an R2T4:
The last date of academically related activity, as determined by the university, is used as the financial aid withdrawal date to determine the completion percentage for R2T4. Students who complete more than 60% of the term or payment period are considered to have earned 100% of the federal financial aid disbursed to them for the term or payment period. Students who do not complete more than 60% of the term will have all or a portion of disbursed funds returned to the federal government.
The withdrawal date for federal financial aid purposes is not the same as the official withdrawal date processed by the Office of the Registrar to determine tuition adjustments. Federal student aid may not cover all charges due to the university that result from the return of funds upon the student’s withdrawal, and students may owe a balance to Walden.
Prior to withdrawing or making any enrollment changes, students should contact the Office of Financial Aid to determine if the change will result in a return of funds and to understand the financial options to get back on track for future terms.
Example: Title IV Calculation
A doctoral degree student begins a quarter term on Dec. 6 that is scheduled to end on Feb. 27. On Jan. 16 (42 days into the term), she stops participating and withdraws from her classes.
Her cost of attendance is as follows:
Her financial aid package consists of:
Amount refunded to student: $2,087
The doctoral student only participated up to 42 days of her term (50%). According to the federally mandated calculation, the university must return 50% of the unearned portion of her aid or of tuition and fees (whichever is less). In this case, 50% of tuition and fees—equaling $2,338—must be returned.
Walden is required to return the following:
After refunding the $2,338, the doctoral student will owe Walden $2,338.
The doctoral student is not eligible to receive a tuition refund because she dropped her classes after the refund period. A bursar hold is placed on her account, which prevents her from registering for any additional classes or from receiving transcripts until she repays the amount owed.
Minnesota GI Bill (MGIB) financial aid recipients who do not complete the required MGIB period of instruction may not be entitled to keep the full amount of MGIB financial aid disbursed to them.
Do you have questions about financial aid? If you haven’t yet applied to Walden, please contact an enrollment advisor at 1-866-492-5336 in the United States. If you are a current student, please contact a financial aid advisor at firstname.lastname@example.org or call 1-800-WALDENU (1-800-925-3368).