WEST TEXAS A&M UNIVERSITY FINANCIAL AID RETURN OF FEDERAL FUNDS POLICY The last date of attendance is the date that the student officially notifies the Registrar’s Office of his/her intention to withdraw from the University. The FAO is notified of the withdrawal and if the student is a financial aid recipient, a Return of Title IV Funds (R2TIV) is performed. Since the University is not required to take attendance, a student who unofficially withdraws may not come to the attention of the FAO until the end of the semester. Students with all F’s, drops, or incompletes are assumed to have unofficially withdrawn. The student is contacted in writing, by the FAO and is directed to have the last day they attended/participated in class documented in writing/e-mail to the FAO by at least one of their instructors. Such documentation must be received by the FAO within twenty days of the notification. “Participated” means to have submitted work, taken a quiz/test, or been directly involved in a required class activity. For students taking on-line classes, logging into the class is not considered as a participatory activity. If the latest date that can be confirmed in writing by a faculty member is after the 50 percent point of the semester, that will be the date used for calculation. If the student cannot secure an e-mail confirmation from at least one faculty member, the student is considered to have withdrawn from the University at the 50 percent point of the semester and the calculation will be performed as such. When the student is initially notified that they must secure faculty confirmation, they are also notified that if they cannot produce one supporting confirmation past the 50 percent point that they will owe the University the proscribed amount (the 50 percent calculation). The amount is specific to the student and is listed in the letter. West Texas A&M University does not have a formal leave of absence policy. Students leaving the University are considered to have withdrawn. If the student is entitled to a post-withdrawal disbursement, the FAO notifies the student of his/her eligibility for the funds and inquires as to whether or not, in the case of loan funds, the student wishes to accept or reject the disbursement. Any grant funds not subject to return are applied to any outstanding balance and the remainder is issued as a refund to the student. The R2TIV calculation is performed by either the Associate Director or the Assistant Director of Financial Aid using the ED approved software provided by Ellucian (formerly Datatel) within 30 days of being notified of the student’s withdrawal and the funds are returned to COD. The FAO then notifies the student in writing of the amount and type(s) of funds that were returned to ED. The University then undertakes the responsibility of collecting any funds due the University as an outstanding debt.