Southern California University of Health Sciences - Consumer Information Guide
SCU distributes this Consumer Information Guide which includes a notice of the availability of information required pursuant to specific requirements under the Higher Education Opportunity Act. Read this PDF and know SCUHS consumer information guide.
SCU distributes this Consumer Information Guide which includes a notice of the availability of information required pursuant to specific requirements under the Higher Education Opportunity Act. Read this PDF and know SCUHS consumer information guide.
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8. Resolving any repayment to the U.S. Department <strong>of</strong> Education as a result <strong>of</strong> an<br />
overpayment <strong>of</strong> Title IV grant funds.<br />
School and Student Responsibility for Return <strong>of</strong> Unearned Federal Funds<br />
The SCU Financial Aid <strong>of</strong>fice is responsible for returning unearned federal financial aid to the<br />
federal government via COD. The student will be billed for any amount due as a result <strong>of</strong> the<br />
return <strong>of</strong> federal aid funds (return <strong>of</strong> Title IV funds) calculation. If the student owes any money<br />
to SCU resulting from the return <strong>of</strong> federal funds, the student will be billed by the SCU Student<br />
Accounts Office. If a student does not pay funds due to SCU to cover their balance, the student's<br />
records will have a hold placed on his/her account. This means he/she will not be permitted to<br />
register for classes, receive transcripts until the balance is paid.<br />
How institutional Grant Aid is Affected by a Withdrawal<br />
All institutional aid provided by the SCU is based on need and/or academic achievement. Any<br />
change in enrollment status may cause the amount <strong>of</strong> the award to be recalculated. Credit<br />
balances will not be released to a student until institutional aid has been repaid.<br />
Post-Withdrawal disbursement<br />
34 CFR 668.22(l)(1).<br />
34 CFR 668.164(g)(2).<br />
Steps in Determining a Post-withdrawal Disbursement<br />
If the student receives less federal student aid than the amount earned, SCU will <strong>of</strong>fer a<br />
disbursement <strong>of</strong> the earned aid that was not received. This is called a post-withdrawal<br />
disbursement. Any undisbursed Title IV aid for the period that SCU uses as the basis for the<br />
return calculation is counted as aid that could have been disbursed as long as the following were<br />
met before the date the student became ineligible.<br />
1. The Title IV programs such as (All Federal Direct Loans, and Pell Grants) the<br />
Department <strong>of</strong> Education would have already processed a SAR or ISIR with an <strong>of</strong>ficial<br />
EFC for the student prior to the student’s loss <strong>of</strong> eligibility.<br />
2. For Federal Direct Loans SCU already certified or originated the loan prior to the<br />
student’s loss <strong>of</strong> eligibility<br />
3. A promissory note must be signed for a loan to be included as "Aid that could have been<br />
disbursed" in the return calculation.<br />
Students who withdraw and are selected for verification have different requirements for the<br />
Return <strong>of</strong> Title IV Funds calculation based on whether verification was complete before or after<br />
the return and verification deadlines. Students, therefore, who submit verification documents by<br />
the appropriate federal deadlines may still qualify for post-withdrawal disbursements.<br />
SCU is required to make Post-Withdrawal Disbursements within 180 days <strong>of</strong> the date SCU<br />
determines a student withdraws. The disbursement must be made from available grant funds<br />
before available loan funds. SCU cannot require a student who has withdrawn to pick up a Post<br />
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