Title IV 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. A pro-rated schedule is used to determine the amount of federal funds that a student has earned at the time of their withdrawal. Thus, a student who withdraws in the second week of classes has earned less of his/her federal financial aid than a student who withdraws in the fifth week. Once more than 60% of the payment period is completed, the student is considered to have earned all of his/her financial aid, and his/her financial aid will not be prorated.

A federal financial aid recipient who withdraws from Massasoit, officially or unofficially, after beginning attendance is subject to a Return of Title IV (R2T4) calculation.  For the purpose of R2T4 calculation requirements, a recipient is a student who has actually received federal financial aid funds or has met the conditions that entitled the student to a late disbursement of federal financial aid funds. Massasoit is required to review the amount of federal loan and grant a student received for the payment period to determine what percentage of federal financial aid the student earned prior to withdrawal. The percentage of federal financial aid determined to be unearned for the payment period must be returned to the appropriate federal financial aid program(s).

Tuition and fee charges may also be impacted when a student withdraws from one or more courses.  For more information see the Deadline & Refund Schedule.