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  Answer ID  
336
  Date Created  
07/01/2003 09:17 AM
  Last Updated  
06/17/2009 02:46 PM
  Access Level  
Everyone

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  The 60 percent rule for federal financial aid
  Question
  What is the 60 percent rule for federal financial aid?
  Answer
 

The Dallas County Community College District returns unearned funds received from federal student assistance programs to the proper program accounts or lenders in accordance with Federal Title IV student assistance regulations.

The student receiving assistance from Federal Title IV programs is required to complete a minimum number of hours for which assistance was received. If the student withdraws from school during the semester, or quits attending but fails to officially withdraw, the student may be required to return the unearned part of the funds that were received to help pay educational expenses for the semester. Liability for return of Federal Title IV funds will be determined according to the following guidelines:

  • If the student remains enrolled and attends class beyond the 60 percent mark of the semester in which aid is received, all federal aid is considered earned and not subject to this policy.
  • If the student completely withdraws from all classes before completing 60 percent of the semester, a prorated portion of the federal aid received must be returned to the federal aid programs equal to the percentage of the semester remaining.
  • If the student does not officially withdraw from classes but stops attending all classes, a prorated portion of the federal aid received, based on the documented last date of attendance, must be returned to the federal aid programs. If the college is unable to document the last date of attendance, one-half of all federal aid received during the semester must be returned to the federal aid programs. See the catalog for more information.

See the current 60 percent dates for the financial aid award year.

 
 
 
 
  
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