Federal Title IV Funds Refund Policy and Procedures

If you completely withdraw from Peru State College and you are a financial aid recipient, a portion of your financial aid may be returned to the Department of Education. This is part of the USDE guidelines for the Return of Title IV Funds requirements. For more information on the Return of Title IV refund policies, please contact the One Stop Office. 

Refunds of tuition, fees, on-campus room and board charges will be calculated based on the number of days remaining in the semester at the time of the withdrawal. Financial aid refunds received for other educational expenses will be calculated based on the number of days remaining in the term at the time of the withdrawal. Refunded amounts are considered unearned financial aid and must be returned to the appropriate financial aid programs. Students are responsible for returning the amount owed. Failure to repay the amount owed will result in future financial aid ineligibility and possibly having your account turned over to the United States Department of Education.

The refunded amounts will be returned in the following order:

1. Unsubsidized Direct Loan
2. Subsidized Direct Loan
3. Direct PLUS loan
4. Federal Pell Grant
5. Federal SEOG
6. Other Federal Financial Aid as applicable