Examples of MTSU Return of Federal Financial Aid Examples of Return of Federal Financial Aid for Student who completely withdraw, officially or unofficially, from the University. A student receives an unofficial withdrawal when the student's instructors report that the student has stopped attending all classes. Student drops all courses or ceases to attend all courses within the first four days of the semester.
All money is returned.
Student will now owe the university for any aid originally recieved. Since all first-time freshman disbursements are held for 30 days and the student withdrew before the 30 days were completed, all loan funds are returned to the lender. Therfore, the student will now owe MTSU for the amount returned. The portion of the loan the student kept will be paid back under the terms of the original promissory note.