Federal regulations require all college institutions to develop a policy that determines the amount of Title IV grant assistance that a Title IV aid recipient has earned as of the recipient’s withdrawal date.
For a student who was awarded Title IV financial aid, BMCC shall calculate the percentage of Title IV aid earned through the 60% point in a payment period. After the 60% point of enrollment period, the student has earned 100% of the Title IV financial aid.
In calculating the return of Title IV funds at Bay Mills Community College, the following steps shall be taken:
If the amount of aid earned is more than the amount of aid disbursed, the student is due a post-withdrawal disbursement of Title IV aid.