Geneva College

 

 

Financial Aid Refund Policy

The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.

If a student leaves the institution prior to completing 60% of a payment period or term, the financial aid office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula:

Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.

Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula: Aid to be returned = (100% of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term.

If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when federal Title IV funds are returned, the student may owe money to Geneva.

If a student earned more aid than was disbursed to him/her, the institution would owe the student a post- withdrawal disbursement which must be paid within 120 days of the student's withdrawal.

Refunds are allocated in the following order:

  • Unsubsidized Direct Loans (other than PLUS loans)
  • Subsidized Direct Loans
  • Federal Perkins Loans
  • Federal Parent (PLUS) Loans
  • Direct PLUS Loans
  • Federal Pell Grants for which a return of funds is required
  • Federal Supplemental Opportunity Grants for which a return of funds is required
  • Other assistance under this Title for which a return of funds is required (e.g., LEAP)

Links to Geneva College Refund Policies

Traditional Undergraduates
ADCP Handbook (see link in left margin)
ADCP Bridge Courses
Graduate Programs – please check with your program


 

Point of Excellence

Geneva College is the only CCCU institution with a full-time program in Rome, Italy. In Rome, students spend a semester studying the humanities, traveling throughout Italy and Europe, and engaging in volunteer activities.

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Upcoming Events
Dec06
The Genevans Christmas "Glad Tidings" Concert
1st Presbyterian Church, Beaver Falls 7:00 p.m.

ARTS & CULTURE
The Genevans welcomes Christmas season with “Glad Tidings!”
The ensemble will perform its annual Christmas concerts on Dec. 5 and 6.
CURRENT STUDENTS
Geneva vocalists perform well at Tri-State competition
Five music majors competed against peers from PA, OH and WV.
ARTS & CULTURE
Geneva Reading Series: Nostalgia
Literary and musical talent will be on display on Wed., Nov. 19 at 7 p.m.
ATHLETICS
Cornuet remembers brother with help from football
Reprinted with permission from the Beaver County Times.
ATHLETICS
Athletic Department adds three programs
Geneva’s list of varsity sports expands to include Men’s and Women’s Golf and Men’s Tennis.