If a student is receiving Federal Financial Aid and resigns before completing greater than 60% of the period of enrollment, the Financial Aid Office will perform a Return of Title IV Funds calculation to determine the amount of federal aid the student did not earn. These requirements are based on federal law and there is no provision for a waiver.
A resignation is not official until the resignation card is on file in the Registrar's Office. As part of the official resignation process, a student must obtain a signature from the Financial Aid Office. Students who have been awarded and/or are receiving Federal Financial Aid must obtain the last date of attendance from each instructor before submitting the resignation card to the Financial Aid Office for a signature.
The student will be notified by mail of the unearned amounts returned to the financial aid programs. The student will be responsible for reimbursing the University for any funds returned by Tech on his/her behalf. See the schedule of attendance to determine when 100% of Federal Financial Aid is considered earned.
Until the student's debt is paid, he or she cannot register for classes in future quarters and/or have their official academic transcripts released.
Students must complete an exit interview which outlines rights and responsibilities in repaying their student loan if they have received Federal Perkins loans or Federal Stafford loans during their attendance at Louisiana Tech.
The University will report a student's withdrawal (official or unofficial) to the lender/guaranty agency. The student may receive further information from their student loan lender regarding repayment of the loan, and may be required by the lender to immediately repay additional unearned amounts due to the lender.