student earned based upon the length of time the student is enrolled during a payment period (semester). If a student completes 60% or less of the semester, the percentage of the period completed is the percentage of aid earned. Refer to the pro-ration calculation as an example. If a student completes at least one day beyond the first 60% of the semester, the student will have earned 100% of the aid disbursed. Eligibility for late disbursements will be considered on a case-by-case basis. Exceptions are “unofficial withdrawals” as described on the previous page. (Work earnings are excluded from these calculations. The student will be paid for actual hours worked.) Software provided by the Department of Education is used to determine your “earned” versus “unearned” federal aid based on your official withdrawal date. Any unearned federal aid will be returned first to an Unsubsidized Direct Student Loan, Subsidized Direct Student Loan, PLUS for parents of students, Pell Grant, FSEOG then all other Title IV programs--in that order. A copy of this worksheet is available upon request. Return of State Funds (Only applies to these state funding programs: NC/VT/others if applicable) Awards made by a state will be refunded back to that state as directed by that state’s policy. Most are consistent with the same process as “Return of Federal Funds”. North Carolina provides us with their own policy and refund calculation worksheet. Copies of any completed refund calculation worksheets are available upon request. Return of All Other Funds This same earned and unearned percentage will be used for the remainder of a student’s institutional financial aid (institutional/private donor when applicable). Any remaining unearned non-federal aid will be returned to WWC institutional and/or private/outside donor funds - in that order. Any designated outside scholarships (civic club, church, etc.) will be handled as instructed by the donor. If there are no special instructions, designated outside scholarships will be applied towards any remaining balance due to Warren Wilson College or refunded to the donor. Alternative educational bank loans and VA Chapter 33 benefits may also be applied towards any remaining balance due to the college. Any remaining alternative loan funds held by WWC after direct costs have been paid will be returned to the borrower’s lender as a prepayment. Spring awards cannot be applied towards fall charges. Any remaining VA Chapter 33 funds will be refunded to the student (VA recipient). The VA recipient will be responsible for repaying, if necessary, any unearned veteran funds to Veteran Affairs. Questions regarding VA benefits should be directed to the Financial Aid Office (finaid@warren-wilson.edu)
- Subject
- CFR
- Type
- course
- Edition
- 2026-2027
- Source
- www.warren-wilson.edu