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Repayment of Title IV Funds

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Information & Hours

Federal School Code
Code	001484

Contact Information
Phone	(904) 646-2300 (877) 633-5950
Fax	(904) 633-5958
Email	financialaid@fscj.edu

Summer Hours (Virtual)*
Mon.-Thurs.	8 a.m.-6 p.m.
Fri.	Closed

*Effective May 10

Attendance Policy

Students receiving federal financial aid who completely withdraw within the first 60 percent in a payment period are subject to the federal return provisions. The financial aid office will use a formula to determine the amount of federal financial aid funds a student has earned as of his/her last day of attendance. During the first 60% of the payment period, the student “earns” Title IV aid in proportion to the length of time he/she remains enrolled. The percentage of financial aid funds earned will equal the percentage of the calendar days completed in the payment period prior to the withdrawal date or the last day of attendance. After the student has completed 60 percent of the payment period, he/she has earned 100 percent of the financial aid funds disbursed.

Percentage Earned

The percentage of federal financial aid funds earned is equal to the percentage of the payment period completed as of the last day of attendance. Federal regulations require a formula be used based on number of calendar days in the payment period and the number of days attended by the student before withdrawal to determine how much financial aid was “earned” by the student.

Percentage Unearned

The total federal financial aid funds disbursed, minus the amount of federal financial aid funds earned determine the amount of federal financial aid loan and grant aid that is unearned and must be returned.

Funds Returned

The school and/or the student may be required to return a portion of the federal funds disbursed to the student. Florida State College at Jacksonville will return the amount of federal financial aid funds that the student does not earn. Funds will be returned to the federal financial aid programs in the following order:

Unsubsidized Federal Direct Stafford Loans and Subsidized Federal Direct Stafford Loans

If funds remain after repaying loan amounts, those remaining funds must be returned in the following order:

Federal Pell Grant
Supplemental Educational Opportunity Grant (FSEOG)

The student must repay loan funds in accordance with the terms of the loan and any grant funds as an overpayment.

If disbursement has already been made to the student, it is the student’s responsibility to repay all funds due to Florida State College at Jacksonville and/or the Department of Education.

Withdrawal Date Policy

Official and unofficial withdrawal dates will be determined using the federal regulation definition for a withdrawal date. The official date will be determined by the earlier of one of the following:

Date the student begins the withdrawal process;
Date the student provides official notification of intent to withdraw;
Students who fail to officially withdraw are assumed to have completed at least 50 percent of the payment period unless an earlier or later date is determined by the school based on federal definitions of academic activity.

Students who do not make satisfactory arrangements for payments in a timely manner will have their debts submitted to the U.S. Department of Education for collection. Failure to do so may result in a loss of eligibility for federal financial aid and/or a hold on future registration at Florida State College at Jacksonville until the debt is paid in full.

Information on the Return of Title IV Funds policy is available at each campus enrollment services/financial aid office.

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Florida State College at Jacksonville does not discriminate against any person on the basis of race, disability, color, ethnicity, national origin, religion, gender, age, sex, sexual orientation/expression, marital status, veteran status, pregnancy or genetic information in its programs, activities and employment. For more information, visit the Equal Access/Equal Opportunity page.

Florida State College at Jacksonville is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award the baccalaureate and associate degree. Contact the Commission on Colleges at 1866 Southern Lane, Decatur, Georgia 30033-4097, or call (404) 679-4500 for questions about the accreditation of Florida State College at Jacksonville. The Commission is to be contacted only if there is evidence that appears to support an institution's significant non-compliance with a requirement or standard.

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