If a student receiving Title IV funds ceases to be enrolled in a term, the Federal government mandates that Hartford Seminary must determine the amount of Title IV earned as the date the student ceased attendance (withdrawal date). The portion of Title IV a student is entitled to receive is calculated on a percentage basis by comparing the total number of calendar days in the term to the number of calendar days completed prior to withdrawing.
Up through the 60% point in each payment period, a pro rata schedule is used to determine how much federal funds the student has earned at the time of withdrawal. After the 60% point in the payment period, a student has earned 100% of federal funds and a refund is not required to be returned to the government.
In accordance with federal regulations, Hartford Seminary is required to return all funds that were disbursed to the student in which the student was determined to be ineligible for based on the R2T4 calculations
For further guidance on Title IV Refund’s (R2T4) policies and procedures found in Volume 5 of the Federal Student Aid Handbook. You may access a copy on line or in the Financial Aid Office.