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Return of Financial Aid

You may find it necessary to withdraw from all classes during the academic year/May/summer. If you received financial aid, the University of Minnesota, Morris (UMM), as well as yourself, may be required to return all or a portion of the financial aid that you accepted. This situation could result in you owing aid funds to the University, the federal/state government, or both.

If your circumstances require you to withdraw from all classes, reference the Canceling Out of College page so your decision will be based on a clear understanding of the consequences of withdrawing from all classes.

If you do not formally withdraw, but stop attending classes and do not successfully complete any credits, the Financial Aid Office will calculate your financial aid earned based on your last date of class attendance and bill you for the unearned portion of the financial aid you received.

Repayment of Financial Aid »

You may be required to repay to the University of Minnesota, Morris (UMM) all or a portion of the financial aid you receive during the academic year/May/summer if you:

  • cancel some or all of your credit courses at the UMM;
  • receive scholarships, grants, or fellowships not awarded through the Financial Aid Office;
  • change your state of residency;
  • receive funds for which you are ineligible;
  • receive aid that exceeds your calculated need; or
  • do not complete college courses.

Federal Title IV Funds »

The federal formula requires a return of Title IV financial aid if you:

  • received federal assistance in the form of a Federal Pell Grant; Supplemental Educational Opportunity Grant (SEOG); Teacher Education Assistance for College and Higher Education (TEACH) Grant; Federal Perkins Loan; Ford Federal Direct Loan (subsidized or unsubsidized); PLUS (parent) loan; and
  • withdrew on or before completing 60 percent of the semester, the federal government mandates that you may only keep the financial aid you have earned up to the time you withdraw from all classes.

To determine the amount of federal aid earned up to the time of withdrawal, the financial aid staff will divide the number of calendar days you attended classes by the total number of calendar days in the semester (less any scheduled break of five days or more). The resulting percentage is then multiplied by the total federal funds that you accepted. This calculation determines the amount of aid that you earned and are allowed to keep.

The unearned portion of your aid must be returned to the federal Title IV program from which the aid was received by the University and/or by you. Notice will be sent to your UMM email account if your financial aid is reduced and a return is required. If you are required to return any Title IV loan funds, you will be contacted by Direct Loans with repayment information. If the University is required to return any Title IV funds, the change will be reflected on your student account.

Financial aid returned by you and/or your parent or the University must be allocated in the following order:

  1. Ford Federal Direct Unsubsidized Loan
  2. Ford Federal Direct Subsidized Loan
  3. Federal Perkins Loan
  4. Ford Federal Direct PLUS Parent Loan
  5. Federal Pell Grant
  6. Federal Supplemental Educational Opportunity Grant (FSEOG)
  7. Teacher Education Assistance for College and Higher Education (TEACH) Grant
  8. Any other federal loan or grant assistance

State of Minnesota Funds »

If you cancel a portion of your enrollment or completely withdraw from classes during the semester, you may be required to return all or a portion of the State of Minnesota financial aid to the state financial aid program from which the aid was received. This may include:

  • Minnesota State Grant
  • Student Educational Loan Fund (SELF)
  • Minnesota State Postsecondary Child Care Grant
  • Minnesota Public Service Safety Officer Program
  • Any other State of Minnesota assistance

If you withdraw from all of your courses, state funds are subject to a worksheet calculation based on the federal Return of Title IV funds formula, in addition to other contingencies. If you drop credits, but still maintain some enrollment, state financial aid funds may be reduced by the amount of any tuition and fee refund received by you. Notice will be sent to your UMM email account if your financial aid is reduced and a return is required.

University of Minnesota, Morris Funds »

If you completely withdraw on or before completing 60 percent of the semester, you may be required to return all or a portion of your University of Minnesota, Morris (UMM) financial aid to the financial aid program from which the aid was received. For example, this may include:

  • University Grant
  • University Scholarships
  • Any other UMM assistance

To determine the amount of institutional aid earned up to the time of withdrawal, the number of calendar days you attended classes will be divided by the total number of calendar days in the semester (less any scheduled break of five days or more). The resulting percentage is then multiplied by the total University funds that you accepted. This calculation determines the amount of aid that you earned and are allowed to keep. The unearned amount of aid must be returned to the institutional program(s) by the University. Notice will be sent to your UMM email account if your financial aid is reduced and a return is required.




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