Withdrawal
Students considering withdrawing from a class or from college should meet with their counselor or advisor and instructor prior to withdrawing. Students should review the withdrawal policy.
Any student receiving financial aid should speak with the Financial Aid office prior to withdrawing from a class. There may be a negative impact on a student's ability to receive financial aid in the future. The student may owe a return of funds.
Return of Funds Policy
The Higher Education Amendments of 1998 (Public Law 105-244 , enacted October 7, 1998), effective October 7, 2000, requires that any student receiving Title IV funds who withdraws before completing the quarter may owe a return of financial aid money based on unearned aid.
The Higher Education Amendments of 1998 (Public Law 105-244 , enacted October 7, 1998), effective October 7, 2000, requires that any student receiving Title IV funds who withdraws before completing the quarter may owe a return of financial aid money based on unearned aid.
When a student receives any source of Federal Title IV funding, the unearned aid must be returned to the federal accounts even if charges were paid by another source. The calculation used to determine how much must be returned is based on the number of days attended in the quarter. If the student completes 60 percent or less, the return will be based on the Return of Title IV Funds regulations calculation. The student will be notified if Return of Funds is required from the student. Examples of Return of Funds calculations are available in the Financial Aid office.
The order of the return of funds is as follows: Direct Unsubsidized Loan, Direct Subsidized Stafford Loan, Perkins Loan, Direct PLUS (Graduate Student), Direct Parent PLUS Loan, Pell Grant, Academic Competitiveness Grant, National Smart Grant, Supplemental Educational Opportunity Grant, other Title IV assistance. A separate calculation following similar logic is done for the Washington State Need Grant.
A student should notify Financial Aid office staff when he/she withdraws from school. Financial Aid office hours are Monday through Thursday 7:30 a.m. to 4:30 p.m. Financial aid recipients who earned 0 credits with a 0.0 grade point average will be assumed to have withdrawn without notification. The Financial Aid office personnel will use judgement to determine withdraw date based on guidelines provided by the Department of Education.
The Columbia Basin College Refund Policy will apply to a student who officially withdraws and who is not a Title IV nor State Need Grant recipient at CBC.