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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 eliglble 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 US. 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. Cal Grant Refund Policy Effective: 05/19/2023 Cal Grant policies state that if a student is charged tuition that meets or exceeds the Cal Grant award, the Cal Grant award does not need to be adjusted based on a withdrawal or leave of absence, However, Cal Grant recipients may want to rescind their Cal Grant and notify the California Student Aid Commission of their leave or withdrawal in order to preserve their eligibility for a future term, Students can process a leave of absence request with the California Student Aid Commission online at wwwcsac.ca,aov and click the link "WebGrants4Students° In this case, the student would be responsible for covering the tuition balance on his/ her student account. If a student is dismissed or withdraws from school, all unearned Title IV funds will be refunded to the U.S, Department of Education, and any unearned funds will be returned to Cal Grant or State Funds and lastly, to Private Loans accordingly, 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. 2022-2023 Garden Grove Catalog i Publication Date; May 20, 2023 i Effective July 1, 2022 through June 30, 2023 41