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Post Withdrawal Disbursement

Return of Title IV – Post Withdrawal Disbursement Example

Student was enrolled full-time for courses that spanned the full 16 weeks. The original charges for tuition, fees, and books for the term were $2,200. The student began attendance in each course, but officially withdrew on the 3rd day and receive a 100% refund of institutional charges. The funds disbursed (credited) to the student account were: $0 Pell. However, the student could have received $2960 from the Pell grant should he have continued to be enrolled. 

  • There are 113 days in the payment period.
  • 3 divided by 113 = .0265 or 2.65%.
  • Apply the percentage completed (earned), 2.65% to:
  • Title IV (federal) that could have been disbursed: $2960 times 2.65% = $78.44 earned aid
  • Total charges for the term: $0 (the student was provided a full refund).
  • The student earned more federal financial aid than was disbursed. The post-withdrawal disbursement for Title IV funds will be processed for the student and a refund will be issued within 14 days of the credit balance.