Refunds & Repayments

Refunds & Repayments

Financial Aid Refunds & Repayments
(Return of Title IV Funds)

Federal law states that if a student receives federal financial aid and withdraws, quits attending, or drops out of all of their classes before completing at least 60% of the semester, the student must return a portion of the federal aid that was received.

  • Any Title IV (federal) financial aid that a student receives will be considered to have been “earned” as long as they remain enrolled for more than 60% of the payment period.
  • If a student withdraws from the college before more than 60% of the payment period is completed, they will be required to repay “unearned” federal financial aid.
  • If the student receives all F grades for a term, they will be considered an “unofficial withdrawal” and will be required to repay at least 50% of the college’s charges.
  • If the student has received financial aid and failed to attend classes, they are considered a “no show” and therefore have not established eligibility for any financial aid. No show students must repay in full any funds received.
  • Return of Federal funds must be credited to the following programs in priority order based on the student’s receipt of funds: Stafford Loan (unsubsidized), Stafford Loan (subsidized), PLUS loan, Pell Grant, Supplemental Educational Opportunity Grant (SEOG), and Talent Incentive Program (TIP) Grant.
  • The student will be billed for the amount to be repaid according to the above outlined financial aid regulations. These regulations must be enforced at every college; not just MSTC. A Student must be reported to the Department of Education if Pell repayment arrangements have not been made within 45 days prohibiting the student from receiving any financial aid nationally. If a student owes a repayment to MSTC for Return of Title IV Funds, their student records will be placed on hold prohibiting a student's receipt of any further financial aid funds, and any MSTC student registration, grades, and/or transcripts.

Consult with Financial Aid Staff prior to withdrawal to discuss your individual situation.

Questions:
Please contact the Campus Office near you regarding any refunds or student account matters.

Students who wish to dispute an amount due should address all concerns in writing to:

Student Records Manager
Mid-State Technical College
500 32nd Street North
Wisconsin Rapids, WI 54494