Answer:
When financial aid is "reversed" this process is called "Return to Title IV" and can happen if a student earns all F's in a semester or completes a semester withdrawal before we've hit the 60% point in the semester.
If this Return to Title IV is occurring due to all F's, the student will receive an email from Financial Aid requesting they contact their instructors to provide Financial Aid with their last date of attendance. Based on this date, Financial Aid calculates how much of the aid was "earned." Any "unearned" aid is returned to the government and/or the appropriate lender, which the student will be responsible for paying.
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