
I've seen cases where a student has to start classes at a later date or start as only a part time student because there wasn't enough funding available because of their transfer. The student doesn't always like these options.
Patricia,
It is troubling to see any student withdraw and especially the negative impact it might have to their FA funding upon return. It is important for the department processing the RT4 and refunds due to be on top of the regulatory requirements.
Thanks, Chyrl
It is always a concern when a student withdraws and Title IV funds have to be refunded. An impact on Title IV eligibility would depend on when the student re-enters.
Melanie,
It seems you have developed an effective tool to keep your students in school. It is important that your students understand the financial ramifications of withdrawing from school.
Thanks, Chyrl
Our school has recently implemented a modular curriculum. This has drastically affected our drops and transfers. The overlapping loan periods and adjusting the disbursements are tedious, but we are adjusting to it.
I have tried to use the RTIV as a retention tool to prevent potential drops. When students come to me and mention dropping, I show them the financial consequences and remind them of how much they've put into the program - financially and otherwise. Once they realize how vested they really are, they work harder and stay in school.
Overlapping loan periods and delayed completion of courses. It also affects disbursement of funds when the student is a "revolving door."
Students that withdraw and then re-enter make it very difficult for the Financial Aid department due to having to process the student various times.
It is not so much the impact that the RTIV has on the student, and changes we have to make. It is the impact that withdrawing and re-entering has on the student's Title IV eligibility that concerns me.
Thanks
Peggy
Peggy,
RTIV effects all students who withdraw from school and tries to re-enter. Have you had to make changes to the financial aid process at your institution due to RTIV? If so, what changes have you made?
Thanks, John