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Return of Title IV Funds

When a Financial Aid Recipient Withdraws Policy

Federal Title IV funds are awarded under the assumption that the student will attend school for the entire period for which the financial aid is awarded. When a student withdraws, they may no longer be eligible for the full amount of Title IV and/or state funds as originally awarded.

If a Title IV recipient withdraws from ECC after beginning attendance, the Financial Aid & Scholarships Office must calculate the amount of aid the student can keep using the federal refund formula. Based on this calculation, all or a portion of funds received may be returned to the aid source (Federal and/or State Government).

The refund policy determines the tuition charges the student owes for dropped/withdrawn class(es). The difference between the amount owed to ECC and the financial aid earned by the student will be the student's responsibility. Students with outstanding balances may be restricted from enrolling in subsequent terms at ECC and may be ineligible to receive grades, transcripts, and other College services.

Students are encouraged to contact the Financial Aid & Scholarships Office before withdrawing from class(es).

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Did You Know?

According to the Satisfactory Academic Progress policy, students with a cumulative GPA of less than 2.0 will be notified of their financial aid status.

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Financial Aid 101

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Financial Aid & Scholarships

Building B, Room B156
847-214-7360
Fax: 847-608-5460
financialaid@elgin.edu

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Hours
Monday through Thursday: 8 am to 7 pm
Friday: 8 am to 4 pm

*Closed Tuesdays: 1:00 pm to 2:30 pm

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Student Accounts

Building B, Room B151
847-214-7380
Fax: 847-214-7445
studentaccounts@elgin.edu

Hours
Monday through Thursday: 8 am to 7 pm
Friday: 8 am to 4 pm

**Closed Wednesdays 2 pm to 3 pm