Return of Title IV Funds
For students receiving Title IV federal funds, repayment of federal funds on a pro-rata basis will be determined up to the 60% point of the semester per federal regulation. Please note that withdrawal late in the semester could result in a balance owed to the college for federal aid that must be returned to the program.
Repayment is first made to federal programs in the following order: Unsubsidized Federal Direct Stafford Loan, Subsidized Federal Direct Stafford Loan, Federal Perkins Loan, Federal Direct PLUS Loan, Federal Pell Grant, and Federal SEOG. Any remaining credit balance reimburses other sources in the following order: Swarthmore Scholarship, other scholarships, other parent loan programs and family. Specific examples are available on request.