Wilkes University

Withdrawal -- Return of Financial Aid Funds

This Return of Title IV Funds (R2T4) policy applies to any student who receives federal financial aid, has begun classes, and subsequently either withdraws from the courses the student was scheduled to complete and/or receives all failing grades ( as known as an unearned F) during a semester or payment period.

When a student withdraws from his/her courses, for any reason including medical withdrawals, he/she may no longer be eligible for the full amount of Title IV funds the student was originally scheduled to receive. Wilkes University follows the federally prescribed policies and procedures for calculating whether the student has earned all or a portion of their federal financial aid.

Once the amount of the federal funds to be returned has been calculated, the funds will be returned in the following order:

  • Unsubsidized Direct Loans
  • Subsidized Direct Loans
  • Perkins Loans
  • Nursing Loans
  • PLUS Loans (Parent)
  • Pell Grant
  • Supplemental Education Opportunity Grant (SEOG)

Pennsylvania and other state grants will be adjusted in accordance with the agency’s stated guidelines.

Wilkes University grant and scholarship funds will be adjusted based on the percentage of reduction of tuition received by a student when withdrawing from the University.

Please note that students who receive a refund of financial aid prior to withdrawing from the University may owe a repayment of federal financial aid funds received. Students will be contacted by the Office of Student Accounts in such situations and will be given 30 days to repay the funds to the University. Students who fail to return the unearned portion of federal financial aid funds given to them will become ineligible for continued receipt of financial aid until such time as the repayment is made.