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If a student withdraws from Murray State University (MSU) either formally or simply by no longer attending all classes, the school, the student, or both may be required to return some or all of the federal funds awarded to the student for that semester.
A student who withdraws from all classes prior to completing 60% of the semester is subject to having financial aid eligibility adjusted based on the percentage of the semester completed.
The funds that are impacted by this policy are federal grants and loans - referred to as Title IV funds.
Title IV federal aid funds include:
- Direct Stafford Loans (Subsidized and Unsubsidized),
- Perkins Loan,
- Direct PLUS Loans (Parent and Graduate),
- Pell Grant,
- Supplemental Education Opportunity Grant (SEOG),
- Academic Competitiveness Grant (ACG),
- National SMART Grant,
- TEACH Grant.
It is possible that the returning of these funds will result in an outstanding balance with MSU. This balance is the responsibility of the student and must be repaid prior to re-enrolling in classes.
Students contemplating withdrawal from all classes, prior to completing 60% of the semester, should discuss their options with the Financial Aid Office to determine how withdrawal will potentially impact their financial aid.
To determine how much money a student may owe, they must contact the Bursar’s Office. The Bursar’s Office will automatically use any credit on the student’s account as payment toward an R2T4 calculation.
A full description of the Return to Title IV Policy is available online.