Total Withdraw and Return of Title IV Aid Policy
Federal regulations require the college to have a fair and equitable refund policy for students receiving financial assistance who officially or unofficially withdraw from all classes. When a recipient of Title IV grant or loan assistance totally withdraws or ceases to attend, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student's withdrawal date in accordance with Federal regulations. The following will explain the process and the consequences to students. Students may also contact the Director of Student Financial Assistance at BMCC, 541-278-5753, if they have questions regarding this policy or the process through which it is enforced.
Financial Consequences of Total Withdrawal or Passing No Classes
If the student does not complete more than 60% of the term, then a calculation is completed by the financial assistance office to determine the percentage of assistance the student has earned. Any unearned assistance must be returned to the U.S. Department of Education (USDE) and/or the student's lender. This may result in financial debt for the student to repay and will also make them ineligible for future financial assistance (including loans) due to a lack of satisfactory academic progress. Because of these serious consequences, we strongly urge students to consult with an academic or financial assistance advisor to help them with decisions about withdrawing.
Attendance and Calculation of Aid Earned
- Date of withdrawal as determined by the college based on one of the following:
- The date the student completes and returns the add/drop form, or
- A date made known to the college that the student ceased attendance
Students have 30 days from the date of their bill to:
- Pay in full the amount shown, or
- Make written payment arrangements with the Business Office to repay the amount in full within no more than 2 years.
Should a student fail to pay the amount shown, or if they make payment arrangements but do not make their payments as scheduled, the balance will be turned over to FSA collections.
Unearned financial aid will be applied in the following order:
- Federal Unsubsidized Stafford Loan*
- Federal Subsidized Stafford Loan*
- Federal Perkins Loan*
- Federal PLUS Loan*
- Federal Pell Grant**
- Federal Supplemental Educational Opportunity Grant**
*Student repayment according to terms of the loan
**No more than fifty percent of the amount received by the student
Policies are applied to all students receiving Title IV (Federal Student Aid) funds.