Undergraduate Catalog (PDF) - Caldwell College

The student will remain eligible for Title IV Funds for 45 days from the date the institution sendsa notice to the student of the overpayment. To continue eligibility past 45 days, the studentmust pay the overpayment in full to Caldwell College or make satisfactory arrangements torepay with the Department of Education. On the 46th day, the institution will report the student’soverpayment to the Department of Education, and if the student must return federal loanfunds, the student’s lender will be notified of the amount owed by the student. The student isresponsible for repayment of any loan debt to his/her lender.• Return of Unearned Funds: Unearned funds must be returned in the following order:Unsubsidized Federal Stafford Loan, Subsidized Federal PLUS Loan, Federal Pell Grant,Federal SEOG, other grant, scholarship, or loan assistance. If there is a return for a loanfund that was originally received by EFT, the Office of Financial Aid will be responsible forthe return of these funds. If the loan funds were originally received by “paper check” fromthe lender, Student Accounts will be responsible for return of these funds to the lender.FINANCIAL AID• Post-Withdrawal Funds: If the amount disbursed to the student is less than the amountthe student earned, the amount is considered to be post-withdrawal disbursement. Postwithdrawaleligibility can be used to credit outstanding charges on the student’s tuitionaccount. Caldwell College has 30 days, from the date of the institution’s determination thatthe student withdrew, to offer any amount of the post-withdrawal disbursement to the student(or parent for PLUS loans). The student (or parent) may accept or decline some or all of thepost-withdrawal disbursement that is not credited to the student’s account. The student or parentmust respond within 14 days of the date that the institution sends the notification to beeligible to receive the post-withdrawal disbursement. If the post-withdrawal disbursement isaccepted, Caldwell College must make payment within 90 days of the date of the institution’sdetermination that the student withdrew. If the student (or parent) does not respond tothe institution’s notice, no portion of the post-withdrawal disbursement that is not credited tothe student’s account may be disbursed.LEAVE OF ABSENCEA school may grant a student a leave of absence of up to 180 days in any 12-month periodduring which the student is not considered withdrawn and no refund calculation is required.There must be approval by an academic advisor, the Center for Student Success, the Office ofthe Registrar and the Office of Financial Aid.If a student does not return to the school at the end of an approved leave of absence,the school is required to calculate the refund based on the date the student initiated the leaveof absence.TUITION REMISSION INFORMATIONThere are different types of tuition remissions available for members of the Dominican order.Additionally, lay persons who work full time as teachers in Catholic schools or as diocesanemployees, when presenting supporting documentation, are entitled to a tuition remission.Members of religious orders other than Dominican should also contact the college todetermine if there could be a remission and what application procedure to follow.25