Return of Title IV Funds
The Department of Education has changed its policy for students who withdraw from school before the semester has been completed.
Students withdrawing during the first 60% of the semester will owe grant and/or loan funds to the government and/or Lamar Institute of Technology.
According to federal regulations (34 CFR668.22):
Any student receiving federal funding, who withdraws prior to completing 60% of the term, must return the unearned portions of any aid disbursed. The applicable refund(s) will be calculated by the school and returned to the proper source within 30 days of the withdrawal, and according to the following sequence:
• Loans (Unsubsidized, then Subsidized)
• Federal Grants (PELL, then SEOG)
• State Assistance
• Student (if any credit has been calculated)
THERE IS NO EXCEPTION TO THIS RULE AND YOU CANNOT APPEAL THIS DECISION TO LAMAR INSTITUTE OF TECHNOLOGY
Students owing refunds must clear balances to all agencies in order to enroll for future semesters, receive transcripts and/or qualify for any type of financial assistance.
Students withdrawing after the first 60% of the semester at LIT will be responsible for 100% of their tuition and fees.