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Return of Funds

Students may OWE money for Unearned Financial Aid
Due to F, U, R, I and W grades.

Students will be billed for unearned aid and will have to re-pay the amount before they can re-enroll at NRCC. If the amount owed is $500 or above the student will not be able to enroll at any VCCS school.

Students who stop attending class or completely withdraw prior to the last day to withdraw and earn a W grade (in other words, without academic penalty) for the involved term are subject to the Return to Federal Aid Policy. This includes but is not limited to students with all W’s or a combination of F, U, W, R, I grades at the end of the grading period where the entire term was not actually completed.

If you withdraw from or stop attending all classes after the end of the add/drop period but before the 60% point of the semester (last day to withdraw and receive a W grade) has passed, you will have to repay a portion of your aid that was disbursed when that aid is deemed “unearned” by the U. S. Department of Education. For example:

Withdrawing From Classes (All W’s) Combination of F, U, W, R, I Grades
Class Started: January 11 Classes Started: January 11
Classes Ended: May 9 Classes End: May 9
Withdraw Date: March 3 Stopped Attending: January 29
Financial Aid = Pell $2865 Financial Aid Award = $2865
Amount Student Owes: $893.77 Amount Student Owes: $2,014.71

If your aid has not yet been disbursed, it will be reduced to reflect the amount actually earned. This includes all federal aid and some forms of state aid. The longer you attend, the less you might owe.

Stick with it as long as possible!!!!

The specified percentage of funds you are financially liable to return is based on your last date of attendance for that semester. If you do not repay the portion of financial aid funds for which you are responsible, your account will be turned over to a collection agency and you may be reported to the federal government, thus becoming ineligible for future financial assistance at any college or university in the United States.

This applies to all students who receive any Federal or State aid (i.e., Pell Grant, SEOG, COMA, VGAP, Foster Care, a Federal Stafford Loan (Subsidized and Unsubsidized)), and who withdraw from or stop attending all classes. Because each student’s situation is based on several factors (i.e., the type and amount of aid received, the last date of attendance, tuition, fees, and/or book charges) it is very important that you discuss your individual case with a financial aid staff member. Remember this is only if you do not complete all courses you were scheduled to attend. If you have questions, please contact the Financial Aid Office.

Non-Discrimination Statement:
This College promotes and maintains educational opportunities without regard to race, color, national origin, religion, disability, sex, sexual orientation, gender identity, ethnicity, marital status, pregnancy, childbirth or related medical conditions including lactation, age (except when age is a bona fide occupational qualification), veteran status, or other non-merit factors.

The following person has been designated to handle inquiries regarding the college’s non-discrimination policies: Dr. Mark C. Rowh, Vice President for Workforce Development and External Relations and Equal Opportunity Officer, 217 Edwards Hall, 540-674-3600, ext. 4241. Inquiries concerning Title IX (sexual harassment, sexual assault/domestic violence/dating violence, and stalking) may be directed to Dr. Deborah Kennedy, Dean of Student Services, 268 Rooker Hall, 540-674-3690. or, Deputy Title IX Coordinator, Mr. John Bowler, Academic Advisor for the Center of Disability Services, 115 Christiansburg site, 540-674-3600, ext. 4418. Inquiries concerning ADA and Section 504 may be directed to Ms. Lucy Howlett, Coordinator of the Center for Disability Services, Advising Center, 275 Rooker Hall, V/TTY 540-674-3619.



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