Federal Title IV financial aid funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.
If a recipient of Title IV grant or loan funds withdraws from Wheaton College after beginning attendance, the amount of Title IV grant or loan assistance earned by the student must be determined. If the amount disbursed to the student is greater than the amount the student earned, the unearned funds must be returned. If the amount disbursed to the student is less than the amount the student earned, and for which the student is otherwise eligible, he or she is eligible to receive a post-withdrawal disbursement of the earned aid that was not received.
The Student Development Office is designated as the initial contact point where undergraduate students begin the withdrawal process. Graduate students begin the process with the Graduate Student Life Office. When a student withdraws after starting classes but before the end of the add/drop period, they must complete the Wheaton College Supplemental Withdrawal Form to document their class attendance.
The student will be notified of the change in their financial aid due to the withdrawal through their my.wheaton.edu email account. A written notification is provided to the student, or parent for a PLUS loan, of eligibility for a direct post-withdrawal disbursement of Title IV loan funds in excess of outstanding current (educationally related) charges. The student, or parent for PLUS loan funds, must provide authorization to the school within 10 days of being notified of their eligibility for a post-withdrawal disbursement of funds for charges other than for current charges for tuition, fees, room and board.