Return of Title IV Federal Financial Aid Funds

Students who receive Title IV federal funds through the Federal Pell Grant, Federal SEOG, Federal Direct Student Loan or Federal Direct Parent PLUS Loan and withdraw from the School are subject to the Return of Title IV Funds regulations. Please visit the Office of Financial Aid to discuss your options before you withdraw from the School. Students with funds from any of these programs “earn” their financial aid dollars while enrolled. If a student withdraws prior to completing 61% of a semester, a pro-rated portion of the federal financial aid dollars must be considered “unearned” and returned to the federal programs. A return of funds could result in a significant balance being owed to the School. In addition to the amount of federal aid MSM must return, students who received financial aid for other educational costs, including off-campus living expenses, may be required to repay a portion of those funds to the federal programs. Failure to return the aid will result in loss of eligibility for federal financial assistance.