Page 39 - 2019-2020 Academic Catalog - Providence Christian College

2. The student will be responsible to pay the full balance owed to the cashier’s office;
3. The student will NOT be placed on suspension;
4. A hold will be placed on all Providence Christian College records until the debt is resolved.
Post-Census Withdrawal
Once the student withdraws after the census date of the course(s) enrolled during the payment period, the student will have “earned” a portion of their eligible Title IV funds. The Title IV funds will be posted to the student’s account towards any balance owed and the following will take place:
1. The “earned” Title IV funds will be posted to the student’s account;
2. Student will be placed on automatic suspension;
3. Student will be reported to the U.S. Department of Education via the National Student Loan
Data System (NSLDS) as an overpayment for resolution of the debt;
4. A hold will be placed on all Providence Christian College records until the debt is resolved;
5. Students will not be eligible for Title IV funds at any institution until the overpayment is
resolved.
Post-Withdrawal Disbursement
If the student has received less Title IV funds than the amount “earned”, the College must offer a disbursement of the “earned” aid that was not disbursed to the student.
Post-withdrawal disbursements are to be made as soon as possible, but no later than 45 days for grants and no later than 180 days for loans. Whenever possible, post-withdrawal disbursements for loans are made within two weeks of the deadline established for the student to accept or decline the loan portion of a post-withdrawal disbursement. If the student fails to respond within the 14-day deadline, funds will automatically be returned to the school.
Institutional Responsibilities under the R2T4 Policy
Providence Christian College is required to return the amount of Title IV funds for which it is responsible as soon as possible, but no later than 45 days after the date of determination of the student withdrew. The institution’s responsibilities under the R2T4 policy are to:
1. Provide students with the information about the R2T4 Policy;
2. Identify students who will be affected by this policy;
3. Complete R2T4 calculations on students who have been identified;
4. Inform students of the result of the R2T4 calculation within 45 days from the date of
determination;
5. Remove all unearned funds from student’s account;
6. Return any unearned funds to the applicable Title IV program(s);
7. Notify the National Student Loan Data System (NSLDS) of the student’s withdrawal date;
8. Student will be referred to the Department of Education for resolution of the debt;
9. A hold will be placed on all Providence Christian College records until the debt is resolved;
10. Students will not be eligible for Title IV funds at any institution until the overpayment is
resolved;
11. Notify the student (or parent, as applicable) of eligibility for a post-withdrawal disbursement, if
any.
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