Moraine Valley Community College || Financial Aid || Return of Title IV Funds

Return of Title IV Funds

Students receiving Title IV funds (Federal Pell Grant, Federal SEOG, and Federal Direct Loans) and who withdraw from all of their classes (officially or unofficially) will be subject to Moraine Valley’s refund policy and the federal policy regarding the possible return of Title IV funds awarded to the student.

Moraine Valley’s refund policy related to student withdrawal states that in order to receive a tuition refund, it is the student’s responsibility to officially drop courses in the Registration Office, Building S, first floor, within the following refund deadline:

  • 100 percent – up to 8 percent of the course taken
    Refunds for short-term classes vary according to the length of the course.

For more information about refunds, contact the Cashier’s Office at (708) 974-5715.

The federal refund policy states that the student may retain only the amount of aid that he/she has earned (as a result of the prorated amount of time the student has been in school for the semester). Any aid that is not earned must be returned back to its source. Funds should be returned in the following order: Unsubsidized Federal Stafford Loan, Subsidized Federal Stafford Loan, Federal PLUS Loan, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, and then other assistance under Title IV for which a return of funds is required. Some federal programs, such as grants, may have smaller amounts to be refunded based on the particular aid program and the student’s date of withdrawal. The student will be responsible for any tuition balance resulting from the refund(s). Further details and examples can be obtained in the Financial Aid Office, Building S, S107.