DePaul University > Admission & Aid > Financial Aid > Maintain Eligibility > Return Title IV Aid
If you withdraw, either officially or unofficially, before completing the term and you have received Title IV federal funds, we are required to review your eligibility for those funds. We must determine how much of the federal funding was “earned” up to the time of your withdrawal using a federally mandated formula. Title IV funds disbursed in excess of your “earned” amount must be returned to the federal government. Withdrawing before completing 60% of the term will result in the return of some federal financial aid. This review and recalculation is called a “Return of Title IV Aid.”
To determine the amount of aid you earned, the Office of Financial Aid will calculate the percentage of the term that you attended using either:
That percentage is then used with your institutional costs and total federal funds that you received (disbursed directly to your student account and possibly refunded to you) or that you were eligible to receive, to determine the amount of aid that you are allowed to keep.
Any unearned Title IV aid must be returned to the federal government within 45 days of the date of the determination of your withdrawal. The Office of Financial Aid will notify you with instructions on how to proceed if you are required to return funds to the government.
Financial aid funds must be reduced and returned in the following order:
Learn MoreImportant Title IV Consumer Information from the Department of Education (PDF)