It is important that students receiving Title IV funds attend all classes and academically-related activities. Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. Students who fail to attend any classes will be ineligible for Title IV financial aid. Non-attendance in any class may affect the determination of federal financial aid eligibility. Determination will be re-evaluated for that payment period and may result in financial aid forfeiture and/or a balance due to the School of Nursing.
Determination of Federal Aid Earned
Earned aid is determined by the percentage of the payment period completed and is based on the number of calendar days the student attended classes divided by the total number of calendar days in the period. The result is a percentage of federal aid funds that the student is entitled to keep. For example, a student who attends 30% of the term has earned 30% of the total aid. If the student attended classes through 60% or more of the term, the percentage of federal aid earned is 100%.
When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.
- Withdrawal from classes during the first week may affect the awarding of Title IV aid. Financial aid is based on the number of credits registered for at the end of the first week of classes.
- For a student who completes up through the 60% point in each payment period or period of enrollment, a prorata schedule is used to determine the amount of Title IV funds the student has earned at the time of withdrawal.
- After the 60% point in the payment period or period of enrollment, a student has earned 100% of the Title IV funds he or she was scheduled to receive during the period.
- For a student who withdraws after the 60% point-in-time, there are no unearned funds. However, BHSN must still determine whether the student is eligible for a post-withdrawal disbursement.
The total number of calendar days in a payment period at BHSN is 75 days. Recalculation of funds is done for students who stop attending class/academically-related activity after the first week of school, up until the 60% point of the semester, generally defined as through the ninth week of classes (Day 6 through 45).