If a Title IV aid (Direct Loan) recipient withdraws before the end of a semester, the institution must calculate the amount of Title IV aid (Direct Loan) the student did not earn. Unearned Title IV funds must be returned to the loan servicer.
If a Title IV aid (Direct Loan) recipient withdraws before the end of a semester, the institution must calculate the amount of Title IV aid (Direct Loan) the student did not earn. Unearned Title IV funds must be returned to the loan servicer.