Title IV Funds Policy.
Students are not eligible for financial aid for classes they never attend. Financial Aid funds will be disbursed to student accounts after attendance is verified for all classes. Students may charge their estimated expenses (tuition/fees, books, and supplies) to their authorized Pell grant award which is shown on their myLBWCC Student portal. The Business Office will send the balance of all remaining student Pell grant funds within 14 days of the date the amount is posted to the student accounts. If a student is re-enrolled in a course that they were dropped for non- attendance, their aid will be re-adjusted to include the hours the student was dropped. If a student is enrolled in a mini-term class that begins after the first day of the full-time, the first Pell payment of the semester will be prorated not to include the refund for the subsequent mini- terms. The student will be paid for the mini-term class once attendance has been verified.
Financial Aid payments are scheduled every 14 days after the initial payroll of the semester.
Students who are withdrawn by the College for disciplinary reasons, excessive absences, non- payment of charges, or other similar reasons are subject to the Financial Aid Return of Title IV Funds Policy.
In the event of an over- award, the student’s account is placed on hold until such time that the over-payment is rectified.
Refund in Compliance with State Refund Policy
In accordance with System policy, a student who officially or unofficially withdraws from all classes before the first day of class will be refunded the total tuition and other institutional charges. A student who officially or unofficially withdraws completely on or after the first day of class but prior to the end of the third week of class will be refunded according to the withdrawal date, as follows:
1. Withdrawal during the first week of the semester, 75% refund. 2. Withdrawal during the second week of the semester, 50% refund. 3. Withdrawal during the third week of the semester, 25% refund. 4. Withdrawal after the third week of the semester, 0% refund.
Return in Compliance for Federal Financial Aid Return of Title IV Funds Policy
In accordance with Federal regulations, those students who receive a disbursement of Title IV funds, Pell Grant, Iraq and Afghanistan Service Grant, and/or Supplemental Educational Opportunity Grant (FSEOG) officially withdraws or ceases attendance prior to the 60% point in the payment period, LBWCC will determine whether the student must repay a portion of the
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2022-23 College Catalog and Student Handbook
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