Title IV Funds Earned: You earn Title IV funds in proportion to the percentage of the enrollment period that you completed prior to withdrawal. Once 60 percent or more of the enrollment period has been completed, 100 percent of Title IV financial aid funds have been earned. At the time of the calculation, if the aid earned is more than the amount that was disbursed, you will not have to repay any funds and may be entitled to a post-withdrawal disbursement.
Title IV Funds Unearned: Unearned funds are the percentage of funds that must be returned to the Title IV programs from which they originated. These are funds that were awarded for the portion of the enrollment period that was not completed prior to withdrawal.