Orangeburg-Calhoun Technical College recalculates federal financial aid eligibility for students who withdraw from the college prior to completing 60% of the term in accordance with the Return of Title IV Federal Funds regulations. The recalculation is based on the percent of earned aid for the term. The percent earned is determined by the number of calendar days completed divided by the number of calendar days in the term.
When federal aid is unearned, students may owe an additional balance beyond what has been captured during the refund process. If an additional balance is owed, students will be billed by the Business Office. Additionally, a student may need to repay Title IV funds they receive over direct costs. If so, another bill will be mailed and students will be given the opportunity to respond. Should students fail to respond, repay or enter into an agreement to repay, the amount owed will be referred to the Department of Education for collection.
Federal financial aid includes Federal Pell Grant, Federal Supplemental Education Opportunity Grant, Federal Stafford Loans and Federal PLUS Loans.
The student's withdrawal date is defined as the actual date the student began the withdrawal process or the student's last date of recorded attendance.
The debt from a financial aid recalculation must be paid in full before you are allowed to register for future semesters or seek other resources from the college. If this debt is not paid to the college within 45 days from the date of the notification to the student, the college will report it to a national database. This will prohibit the student from receiving federal or state financial aid at any other college of university in the United States until the full balance is paid to OCtech. The student must then submit a copy of the receipt showing the balance paid in full to the OCtech Financial Aid Office for the debt to be removed from the national database. The college will place a hold on the student's records until the payment is received. The same policy will apply to students who receive all or any combination of F's, WF's, WP's or W's as a result of non-attendance.