Financial aid funds are awarded to a student under the assumption that the student will attend DigiPen for an entire term. If the student officially or unofficially withdraws from DigiPen during the term, the student and school are required to return the unearned part of the federal funds back to the Department of Education. The calculation used to determine the amount of earned and unearned aid is called the Return to Title IV (R2T4) calculation.
For Official Withdrawals
- All federal aid is considered earned if the student remains enrolled and remains in attendance through at least the 60% point of the term in which federal aid is received.
- A prorated portion of the federal aid received must be returned according to the R2T4 formula if the student officially withdraws prior to completing 60% of the term.
For Unofficial Withdrawals
- A prorated portion of the federal aid received must be returned, according to the R2T4 formula using the 50% point of the term as the last date of academic activity if it is determined a student unofficially withdrew.
For the complete Return of Title IV Funds policy please refer to the Financial Aid Handbook.