Federal Financial Aid Refund Policy
Federal financial aid funds will be reduced according to Federal Title IV Regulations. The reduction will be in direct proportion, beginning with federal loans, to the length of time a student remains enrolled in classes. Students who are enrolled in only FSU classes, enrolled in only classes taken at the community college or a combination of both colleges will be reviewed if the student received all W’s and/or failing grades in all classes.
If you have received Title IV funding , you will be subject to the Federal Financial Aid Refund Policy. Federal Financial Aid (Title IV) consists of the following: Pell Grant, SEOG, Perkins Loan, William D. Ford Direct Subsidized and Unsubsidized Loans, William D. Ford Direct Parent Loan for Undergraduate Students (PLUS), and Federal Work Study. Federal Work Study is not included when figuring withdrawal refunds. The number of calendar days used to determine the percentage of unearned federal aid will vary with each semester.
It is the responsibility of the student to notify the Record’s Office at Ferris State University if you are withdrawing from all of your classes, FSU and/or community college classes. 231-591-2792