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• Standards of Progress Policy • Title IV Refund Policy • REFUNDS AND THE RETURN OF TITLE IV FUNDS
POLICY
If a student withdraws from Joliet Junior College,
then the school or the student may be required to return some of the
federal funds awarded to the student.
The student may also be eligible for a refund of a portion of the
tuition and fees paid to Joliet Junior College.
**If a student decides to withdraw
then the student is to visit with a financial aid advisor. The financial
aid advisor can complete a calculation to determine the student liability,
JJC’s liability or both.
Please see the examples listed below.
It is also recommended that the student consult with an academic
counselor/advisor of their intention to withdraw.
Joliet Junior College’s Refund Policy exists for
calculating the refund of institutional charges. The federal “Return of Title IV Funds” formula dictates the
amount of federal Title IV aid that must be returned to the federal
government by the school and the student. The policy evaluates the amount
of financial aid the student “earned” up to the point of withdrawal. The federal formula is applicable to a student receiving
federal aid other than Federal Work-Study if that student withdraws on or
before the 60% point in time in the semester.
Joliet Junior College’s
Refund policy is
located in the Registration section of this website.
The federal formula requires a return of Title IV
aid if the student received federal financial assistance in the form of a
Pell Grant, Supplemental
Education Opportunity Grant, Federal Direct Student Loan, or PLUS loan
and withdrew on or before completing 60% of the semester. The percentage of Title IV aid to be returned is equal to the
number of calendar days remaining in the semester divided by the number of
calendar days in the semester.
Scheduled breaks of more than four consecutive days are excluded.
**EXAMPLES OF HOW COMPLETE WITHDRAWALS CAN AFFECT
JJC STUDENTS
| Example 1 |
If you completely withdraw before school starts,
you must repay the amount of your Pell Grant that was used as part
of your book voucher. You may return the books to reduce the amount
you owe, according to the bookstore refund policy. |
| Example 2 |
If you completely withdraw within the first 15 days
of school the refund will be returned to you or resource that paid
the tuition. You will be responsible for the amount of Pell Grant
that was used as your book voucher. You may return the books to the
bookstore to reduce the amount that you owe. |
| Example 3 |
If you withdraw after the 15th day but before the
loan disbursement, your loan will be cancelled. You may owe JJC for
your tuition depending on the amount and type of other aid you have. |
| Example 4 |
If you withdraw after the loan is disbursed but
before the 60% point in the semester, Joliet Junior College will use
the Title IV Refund policy to determine how much of your aid is to
be repaid by you, JJC or both. |
| Example 5 |
If you withdraw after the 60% point in the
semester, you will have earned all of your financial aid and there
will be no liability by you or JJC. |
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