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For purposes of the Return of Title IV Funds Policy, a student's withdrawal date is the student's last day of attendance. Title IV aid is earned in a prorated manner on a per diem basis up to and Including the 609z point in the period of enrollment or payment period for degree programs. Title IV aid is considered 1009zearned after that point In time. The percentage of Title IV aid earned is calculated in the following manner for all programs: Number of days completed by thestudent* Percentage of period of Number of days = enrollment or payment period for in the period of degree programs completed enrollment or payment period for degree programs* *The total number of calendar days in a period of enrollment or payment period for degree programs and the number of days completed by the student will exclude any scheduled breaks of five days or more. The percentage of period of enrollment or payment period for degree programs completed will be the percentage of Title IV aid earned by the student. The percentage of Title IV aid unearned (i.e., amount to be returned to the appropriate Title IV program) will be 100% less the percentage earned. Concorde Career College will return unearned aid from the student's account as follows: 1. Unsubsidized Direct Stafford Loans (other than PLUS loans). 2. Subsidized Direct Stafford Loans. 3. Federal Perkins Loans (if applicable). 4. Direct PLUS Loans. 5. Federal Pell Grants for which a return of funds is required. 6. Federal Supplemental Educational Opportunity Grants(FSEOG)for which a return of funds is required. Concorde will return the unearned aid within forty-five (45) days from the date the school determined the student withdrew. When the total amount of unearned aid is greater than the amount returned by Concorde Career College from the student's account, the student is responsible for returning unearned aid to the appropriate Title IV program as follows: 1. Unsubsidized Direct Stafford Loans (other than PLUS loans).* 2. Subsidized Direct Stafford Loans.* 3. Federal Perkins Loans (if applicable).- 4. Direct PLUS Loans.* 5. Federal Pell Grants for which a return of funds is required.** 6. Federal Supplemental Educational Opportunity Grants (FSEOG) for which a return of funds is required.** * Loan amounts are returned in accordance with the terms of the promissory note. ** Unearned federal grant amounts to be returned by the student will be reduced by 50%. Within forty-five (45)days of the date the school determined the student withdrew, the student will be notified in writing if he or she is required to return any federal grant aid (Federal Pell or FSEOG). The student is considered to be in an overpayment status. A student who owes a federal grant overpayment remains eligible for Title IV funds for a period of forty-five (45) days from the earlier of the date the school sends a notification to the student of the overpayment or the date the school was required to notify the student of the overpayment. If during the forty-five (45)-day period the student repays the overpayment to the school or signs a repayment agreement with the U.S. Department of Education, the student will remain eligible for further Title IV funds. If during the forty-five (45)-day period the student fails to repay the overpayment or sign a repayment agreement with the U.S. Department of Education, the student is considered to be in an overpayment status and, thus, ineligible for any additional Title IV aid until that amount is repaid. Refund Procedures for Non -Title IV Financial Assistance Refunds for state aid programs and applicable third -party funding agencies (e.g., Veterans Administration, WIA, etc.) will be calculated as stated in the Cancellation & Refund provisions published in this catalog and in the student's Enrollment Agreement. Any state or third -party funding agency refund due will be calculated based on the agency contract or guidelines. 2020-2021 Garden Grove Catalog I Publication Date: November 30, 2020 1 Effective July 1, 2020 through June 30, 2021 30