8 Va. Admin. Code § 40-132-70

Current through Register Vol. 41, No. 2, September 9, 2024

Section 8VAC40-132-70 - Refund of awards

A student who receives an award and who, during a term, withdraws from the institution that made the award must surrender the balance of the award. In determining the earned portion of the award that the student may retain, the institution shall apply the percentage of earned aid resulting from the federal Return to Title IV formula to the student's award amount.

8 Va. Admin. Code § 40-132-70

Derived From Virginia Register Volume 34, Issue 5, eff. 11/1/2017.

Statutory Authority: § 23.1-636 of the Code of Virginia.