Return of Title IV Funds

When a student fails, stops attending one or more courses or fails to begin attendance in a course they were scheduled to attend, the Federal Title IV Funds they received are subject to repayment. Repayment is required of all Title IV recipients who withdraw prior to completing at least 60.01% of the days they were scheduled to attend.

Tuition and fees will be funded on a per day basis during the first sixty percent (60%) of the term. If a student had Title IV Federal Financial Aid, a portion of these grants or loan funds must be returned to the programs based on the date the student withdrew from college. If the withdrawal occurs after sixty percent (60%) of the term is completed, no return of these federal funds will be required. For a complete copy of the Title IV Funds policy, contact the MCC Financial Aid Office.

Note: The term Title IV Funds refers to the Federal Financial Aid programs authorized by the Higher Education Act of 1965 (as amended) and includes the following programs: Unsubsidized Stafford Loans, Subsidized Stafford Loans, PLUS Loans, Federal Pell Grants and Federal SEOG.