Financial Aid Policies

Return of Title IV Funds

This requirement applies to students who receive federal student aid (Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, but not Federal Work-Study) and completely terminate enrollment prior to completing 60% of the enrollment period. 

Termination of enrollment can be the result of any of the following actions: 

  • Student initiates an official withdrawal  from Cossatot Community College
  • Student is administratively dropped by instructors from all courses due to non attendance.
  • Student is administratively withdrawn from all courses as a result of disciplinary action.
  • Students receiving all F’s are considered to have unofficially withdrawn.  The drop date is determined to be at the 50% of the enrollment period.

The amount of Title IV aid an institution must refund to the federal aid programs is determined by the federal return to Title IV funds formula as specified in Section 484B of the Higher Education Act.  Cossatot Community College utilizes software provided by the U.S. Department of Education to calculate the amount of aid that must be refunded which was initially used to pay institutional charges. The drop date provided by the registrar’s office is utilized to document the last date of enrollment.  If the drop is an unofficial drop, the Return of Title IV calculation is processed as if the student withdrew at the 50% point.

Cossatot Community College returns unearned aid used to pay institutional charges in the following order within 45 days of the withdrawal determination:

  1. Federal Pell Grant
  2. Federal Supplemental Educational Opportunity Grant
  3. Other Title IV Programs.

A repayment may also be required of the student when a refund check has been issued to a student from financial aid funds in excess of the amount used to pay institutional charges that the student fails to earn by maintaining enrollment. If the student owes a repayment, the student has 45 days to repay the funding.  If the student does not pay the funding within 45 days, CCCUA will notify the U.S. Department of Education that the student is in overpayment.

Students are notified by letter if the student owes funding to Cossatot Community College or the U.S. Department of Education. 
If a student earns more aid than was disbursed, the student may be eligible to receive a post withdrawal disbursement. Students are notified by mail of their eligibility for such a disbursement.  A post withdrawal of grant funds is automatically credited to the student’s account for outstanding charges.

Satisfactory Academic Policy

Click here to review UA Cossatot's Federal SAP 

<--Back to Financial Aid

connect with us online

Like us on Facebook and follow us on
Twitter for the latest news and info.
©2016 Cossatot Community College of the University of Arkansas
183 College Drive  •  De Queen, AR 71832  •  phone: 870-584-4471  •  toll free: 800-844-4471
En Español  |   Accessibility  |   Policies  |   Consumer Information |   Open Checkbook |    Financial Info

designed, developed & marketed byFLEX360 - Little Rock, Arkansas Web Development Firm