Citrus College must return unearned funds for which it is responsible as soon as possible but no later than 45 days from the determination of a student's withdrawal. Citrus College returns any unearned funds as soon as the R2T4 calculation has been performed, but no later than 45 days from the determination of a student's withdrawal.
For any loan funds that you must return, you (or your parent for a Direct PLUS Loan) repay in accordance with the terms of the promissory note. That is, you make scheduled payments to the holder of the loan over a period of time.
Any amount of unearned grant funds that you must return is called an overpayment. The maximum amount of a grant overpayment that you must repay is half of the grant funds you received or were scheduled to receive. You do not have to repay a grant overpayment if the original amount of the overpayment is $50 or less. You must make arrangements with your school or the Department of Education to return the unearned grant funds. Students who owe an overpayment have 45 days to repay or their debt will be referred the U.S. Department of Education for collection and reported on the National Student Loan Data System (NSLDS).
The requirements for Title IV program funds when you withdraw are separate from the refund policy of Citrus College. Therefore, you may still owe funds to the Citrus College to cover unpaid institutional charges. Citrus College will charge you for any Title IV program funds that the school was required to return. You can view the Citrus College refund policy in the online college catalog. You can view the drop/withdrawal policies in the online college catalog.