Tuition Adjustment: Federal
The Higher Education Amendments of 1998 changed the formula for calculating the amount of aid a student and school can retain when the student totally withdraws from all classes. The Office of Student Financial Services encourages you to read the following policy carefully. If you are thinking about withdrawing from all classes PRIOR to completing 60% of the semester, you should contact the Office of Student Financial Services to see how your withdrawal will affect your financial aid.

1. Students who withdraw from Robert Morris University before more than 60% of the term has passed will be required to repay a percentage of federal grant(s) or loan(s) received.

2. Student Financial Services is required by federal law to recalculate federal* financial aid eligibility for students who withdraw, drop out or are dismissed prior to completing more than 60% of a term.

   Recalculation is based on the percent of earned aid using the following formula:

   Percent earned = Number of days completed in the semester up to the withdrawal date** divided by the total days in the semester

3. Federal financial aid is returned to the federal government based on the percent of unearned aid using the following formula:

   Aid to be returned = (100% - percent earned) x the amount of aid disbursed toward institutional charges.

4. In accordance with federal regulations, refunds are allocated in the following order:
   1. Unsubsidized loans
   2. Subsidized loans
   3. Perkins loans
   4. Plus loans
   5. Pell Grant
   6. Academic Competitiveness Grant
   7. National SMART Grant
   8. FSEOG
   9. Other Title IV aid

5. When aid is returned, the student may owe a debit balance to the University. The Student Accounts Office will invoice the student for amounts payable to Robert Morris University. Students are responsible for any portion of their institutional charges that are left outstanding after Title IV funds are returned. Any credit balances will be refunded in accordance with federal regulations.

Please refer to the institutional refund policy for the adjustments to tuition.

*Federal financial aid includes the Federal Pell Grant, FSEOG Grant, Perkins Loans, Federal Direct Student Loans (subsidized and unsubsidized) and Federal Direct PLUS Loans for parents.

**Withdrawal Date is defined as the actual date the student begins the Institutions withdrawal process, the student's last date of recorded attendance or the midpoint of the semester for a student who leaves without notifying the institution.