Finding Text
Criteria: 34 CFR 668.22 requires that when a recipient of Title IV grant or loan assistance withdraws from an institution during a payment period or period of enrollment in which the recipient began attendance, the institution must determine the amount of Title IV grant or loan assistance that the student earned as of the student?s withdrawal date in accordance with Federal regulations and return the unearned portion of the grant or loan funds to the Title IV programs as soon as possible but no later than 45 days after the withdrawal date. Condition: One student out of sixteen students tested had missing calculations. Four students out of sixteen students tested had not retuned the aid back to the U.S. Department of Education within the required 45 days. Questioned Costs: Not applicable