Financial Aid Policies
Return of Title IV (R2T4) Policies and Procedures
Purpose of R2T4 Policy
Students receiving federal funds who completely withdraw or otherwise cease to attend the university during a period of enrollment must have a Return of Title IV (R2T4) calculation performed to determine the percentage of aid earned based on the length of time the student was enrolled.
The requirements for Title IV funds when you withdraw are separate from the university refund policy. Therefore, you may still owe funds to the school to cover unpaid institutional charges. University of Guam (UOG) will charge the student’s account for any Title IV funds that UOG was required to return.
Institutional Responsibilities
UOG’s responsibilities regarding Return of Title IV (R2T4) funds:
Student Responsibilities regarding the Return of Title IV (R2T4) funds:
Withdrawals and the effect on Federal Financial Aid (Title IV funds)
Title IV funds are awarded based on the assumption that a student will begin and complete attendance during the entire enrollment period to be awarded. A student may no longer be eligible to receive the full amount of Title IV aid they were awarded if they withdraw from all courses or cease to attend before the semester ends for any reason. The student will only be eligible to receive a portion of the aid received. Therefore, the student may be responsible to repay a portion of the original financial aid they were awarded for the semester.
As per federal regulations, the institution is required to perform a recalculation of financial aid eligibility for the following reasons:
NOTE: UOG’s refund policy is separate from the federal R2T4 regulation to return unearned aid.
Although a student may have received a refund from UOG, the student may still be responsible to return funds after determination of an overpayment or R2T4 calculation indicates an unearned financial aid award.
Earned Aid Calculation
For students to earn federal financial aid, they must remain enrolled in their classes for the entire semester. A student who officially withdraws from all their courses or unofficially withdraws (cease to attend without submitting a withdrawal form) before the semester ends, may have to return a portion of the federal aid they received during the semester.
UOG is required to calculate the earned percentage of federal financial aid a student should have received and return the unearned portion to the U.S. Department of Education.
Below is the formula to determine the earned and unearned percentage of financial aid:
If a student has attended more than 60% of the period of enrollment, the student is considered to have earned 100% of the Title IV funds awarded during the period.
Official Withdrawals
Unofficial Withdrawals
Post Withdrawal Disbursements (PWD)
If a student did not receive all their earned federal financial aid after ceasing to attend their classes for the semester, UOG may be required to process a Post Withdrawal Disbursement (PWD) of earned aid not received. Students must have a complete financial aid file to include all verifications and must meet all other eligibility requirements before being able to receive a PWD.
Order in which financial aid is returned
UOG will return funds in the following order:
-If you have questions about the Return to Title IV Policy, please contact the Financial Aid Office.