The Financial Aid Office recalculates federal financial aid* eligibility for any student who completely withdraws, stops attending classes, or is dismissed during the semester, prior to 60% of the semester being completed. Recalculation is based on the percent of earned federal financial aid based on the following formula:
- Percent of federal aid earned = number of days completed up to the withdrawal date** divided by total days in the semester (excluding break weeks). For more specific information regarding this timeframe, please contact the Educational Planning Center.
Federal financial aid is returned to the federal government based on the percent of unearned aid using the following formula:
- Aid to be returned = amount of Federal Title IV Aid disbursed minus Federal Title IV aid earned.
When federal financial aid is returned the student may owe money to CCC and may also owe funds to the federal government. Students should contact the Educational Planning Center regarding any money owed to CCC.
* Federal financial aid for this calculation at CCC includes Federal Pell Grant, FSEOG, Federal Direct Student Loans and Federal PLUS (Parent Loan). Any unearned funds are returned to the Direct Loans first, then Pell Grant and then SEOG.
For students who receive all F's or a combination of F's and W's, the Financial Aid Office will confirm the last date a student attended and will return funds if the last date of attendance is prior to the 60% point of the semester. The return of funds in this case would occur after the semester is over and students will be notified via e-mail if they have had a recalculation performed, and if so, will be billed by the Student Accounts Office.