Gwynedd Mercy University
AY2020-2021 / Undergraduate Academic Catalog
If a student earned less aid than was disbursed , the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds . Keep in mind that when Title IV funds are returned , the student borrower may owe a debit balance to the institution .
If a student earned more aid than was disbursed to him / her , the institution would owe the student a post withdrawal disbursement , which must be paid within 120 days of the student ’ s withdrawal .
The institution must return the amount of Title IV funds for which it is responsible no later than 45days after the date of the determination for post withdrawal disbursement must be offered to the student within 30 days of the date of determination .
Refunds are allocated in the following order : Unsubsidized Federal Direct Loans Subsidized Federal Direct Loans Federal Parent Direct ( PLUS ) Loans Federal PELL Grant for which a return of funds is required Federal Supplemental Opportunity Grants for which a return of funds is required
Unofficial Withdrawals ( all F Grades )
If a student who began attendance and has not officially withdrawn fails to earn a passing grade in at least one course offered over an entire period , Gwynedd Mercy University must assume , for Title IV purposes , that the student has unofficially withdrawn , unless it can be documented that the student completed the period .
Leave of Absence ( LOA ) Policy , Process and Procedures
LOA request forms must be submitted within 10 days of the student ’ s Last Date of Attendance ( LDA ). All parts to the LOA request form must be completed in order for the LOA to be considered for approval by the Financial Aid office . Students can take a maximum of 120 days in one LOA with a total maximum of 180 days in a 12 month period . LOA requests will be denied if the break is under 45 days or if the student has exceeded 180 days . The twelve-month period begins with the start of the first leave . Student returning from a first leave of absence must complete at least one course , with a grade other than “ W ” or “ I ” prior to requesting a second leave . If the LOA is not completed or approved , the student will be withdrawn from the program and may be required to re-apply for admission . If program withdrawal paperwork is not completed by student , then student will be withdrawn from program by their advisor .
Accelerated , Non Term--LOA The Federal government has determined that 45 days or more ( excluding University scheduled calendar breaks ) is a “ break in attendance ” and will affect the student ’ s success in completing the program . All students with a “ break in attendance ” must submit a Leave of Absence ( LOA ) form to their advisor and Financial Aid , for approval , or the student will be withdrawn from the program . The LOA form will indicate to the University how long the student will be out of attendance and the reason .
Accelerated Nursing — LOA For students enrolled in the accelerated nursing program ( ABSN ), Leaves of Absences are allowable only for an extreme event ( e . g . accident ) resulting in a student being unable to attend class / clinical .
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