When a Title IV recipient totally withdraws, Lanier Technical College must use the
following steps to return Title IV aid:
 Determine a student's withdrawal date.
 Determine the amount of aid disbursed for the payment period.
 Determine the amount of Title IV aid disbursed plus the Title IV aid that could
have been disbursed for the payment period.
 Determine the percentage of Title IV aid the student earned by dividing the number
of calendar days attended during the semester by the total number of calendar days
in the semester.
 Calculate amount of Title IV aid earned by the student by multiplying the above
percentage by the total of Title IV aid disbursed plus the Title IV aid that could
have been disbursed for the payment period.
 Determine if student is due a Postwithdrawal Disbursement or if Title IV aid must
be returned. If the amount of Title IV aid earned is greater than the total of Title
IV aid disbursed then subtract the Title IV aid disbursed for the payment period
from the amount of Title IV aid earned. This is the amount of the postwithdrawal
disbursement due. If the amount of Total Title IV aid disbursed is greater than
the amount of Title IV Aid earned by the student, then subtract the amount of Title
IV aid earned from Title IV aid disbursed for the payment period. This is the amount
of Title IV aid that must be returned.
 Calculate amount of unearned Title IV aid due from the college. Multiply institutional
charges for the payment period times the percentage of Title IV aid unearned. Compare
this amount to the amount of Title IV aid to be returned and enter the lesser amount.
 Determine return of funds by college. The college must return the unearned aid for
which the college is responsible by repaying funds to the appropriate sources.
 Calculate initial amount of unearned Title IV aid due from student. Subtract the
amount of Title IV aid due from the college from the amount of Title IV aid to be
returned.
 Determine return of funds by student.
