Return of Title IV Funds Calculation Example

Example of a Title IV return of funds calculation for a Title IV recipient who is considered to have withdrawn:

$15.761.24 = Institutional Charges

$6,707 = Title IV Loans
$3,525 = Title IV Grants
$10,232 = Total Title IV aid

Student withdrew on 54th day of a 117 day enrollment period.

Percent Earned 54/117 = 46.2%

Percent Unearned 100% - 46.2% = 53.8%

Amount of Title IV aid earned $10,232 x 46.2% = $4727.18

Unearned Title IV due to the school $4,420 x 92.9% = $4,106.18

The total aid returned is the total Title IV aid that was disbursed less the Title IV earned aid

$10,232 - $4,727.18 = $5,504.82 total amount to be returned

UIU will return aid as follows:

  • Title IV Loans $5,505
  • Title IV Grants $0