Return of Title IV Funds Policy
North Shore Community College is required to recalculate financial aid eligibility
for students who withdraw, drop out, or are dismissed prior to completing 60% of a
semester. All Federal Title IV and State Financial Aid programs must be recalculated
in these situations. If a student leaves the school after completing 60% of the semester,
they are entitled to receive 100% of their Federal and State Financial Aid.
For example, you have been awarded $1000 in financial aid for the semester and you
withdraw from all your classes at the 30% point. To find out the percentage, you would
take the number of days you attended and divide by the number of days in a semester.
Based on the calculation, you would receive $300 of the $1000 because you only attended
30% of the semester.
Please keep in mind that if you do not attend a course, we will need to adjust your
financial aid based on the number of credits for the classes you attended. Financial
aid will only pay for courses that you attend. The school has a published time frame
to add and drop a course. If you do not drop your classes during that time and just
never attend the course, your aid will be adjusted and you will be responsible for
the cost of the course. Also, if we find that you did not officially withdraw from
your courses and just stopped attending, we will need to perform a Return of Title
IV calculation for the time you attended. An adjustment to your financial aid could
result in a balance due to NSCC. Please refer to NSCC's Refund Policy for more information.
Occasionally, a student who withdraws from NSCC is entitled to a post‐withdrawal disbursement.
We will complete the Return of Title IV calculation to determine if you are eligible
for a post withdrawal disbursement for your Federal student loans. We will notify
you that you are eligible for the disbursement and give you 14 days to respond to
the notification. It is your responsibility to respond back to the notification if
you would like to accept or decline the loan.