Impact of Withdrawal on Financial Aid

Queensborough Community College, in accordance with Section 668.22 of Higher Education Amendments of 1998, adheres to the following policy for students who withdraw from courses, and have Federal Title IV financial assistance (Federal Stafford Loan, Federal Parent Loan for Undergraduate Students, Federal SEOG, Federal Perkins Loan or Federal Pell Grant) that has been credited to their tuition account. Withdrawal from any course may result in the possible return of Title IV funds awarded.

The amount of the semester’s Federal Title IV aid that is not earned must be returned to its source. The amounts to be returned to the Federal Programs will vary based upon type of program, the total amount to be returned, and the government’s determination of the order in which aid is returned to the various programs. If there is a student account balance, resulting from these adjustments, the student is responsible for payment.

When returning Federal Title IV aid, federally mandated priority listing will be used:

1. Federal Unsubsidized Stafford Student Loan Program

2. Federal Subsidized Stafford Student Loan Program

3. Perkins Loan

4. Federal Parent Loan for Undergraduate Student (PLUS)

5. Federal Pell Grant

6. Supplemental Educational Opportunity Grant (SEOG)

The calculation for impact of withdrawal on financial aid is the same for all students. The determination of tuition refund is based on length of attendance.

1098-T Information