NYIT Selected to Participate in Epicenter’s Pathways to Innovation Program
NYIT Selected to Participate in Epicenter’s Pathways to Innovation Program
NYIT Ranks Among 2015 U.S. News Best Online Programs
Architecture and Medical Students Launch Global Competition for Healthy Designs
BBC to Feature Home2(O) Project in News Segment
NYIT Wins Grant to Develop STEM Programs
The Title IV Student Withdrawal Policy is designed to ensure the accurate and timely determination of:
The date of the institution’s determination that a student withdrew;
The student’s withdrawal date; and
The student’s last date of attendance.
The policy maintains the proper disposition of Title IV funds, in accordance with 34 CFR 668.22 of the Code of Federal Regulations.
When a recipient of Title IV grant(s) and/or loan(s) withdraws from NYIT during a payment period in which he/she began attendance, the college must determine the amount of the grant and/or loan assistance earned by the student as of his/her withdrawal date. This policy establishes steps that NYIT must take to ensure compliance with federal regulations.
NYIT must always return any unearned Title IV funds that it is responsible for within 45 days of the date NYIT determined the student withdrew and offer any post-withdrawal disbursement of loan funds within 30 days of that date.
A student’s withdrawal date varies depending on the type of withdrawal. Reference: Determining a student’s withdrawal date at a school that is not required to take attendance in the 2012- 2013 Student Financial Aid Handbook, Volume 5; Chapter 1 Withdrawals and Return of Title IV Funds.
Official Notification Provided
In a case when the student provides official notification of his/her intent to withdraw, NYIT will use the date of notification as follows:
In the event that a student begins NYIT’s withdrawal process,* the date the student begins the process is the date of withdrawal.
In the event that a student sends written notification of intent to withdraw, the date NYIT receives the written notice is the date of withdrawal.
In the event that a student makes an oral notification to the Office of the Registrar, which is NYIT’s designated office for beginning the withdrawal process, the date will be documented by this office. The date of withdrawal will be recorded as of the date of oral notification, unless there is subsequent written notification, in which case the date that NYIT receives the written notification may be the withdrawal date.
*To begin the withdrawal process, the student contacts the Office of the Registrar to obtain the appropriate withdrawal form. If the student both begins the withdrawal process and provides a notification to NYIT, the earlier of the two dates will be used as the withdrawal date.
Official Notification Not Provided
In a case when the student does not provide official notification of his/her intent to withdraw, NYIT may use the midpoint of the payment period as the date of withdrawal, with the following exception:
When an official notification was not provided by the student because of circumstances beyond his/her control (i.e., illness, accident, grievous personal loss, or other circumstances), the date of the onset of such circumstances will be serve as the withdrawal date as determined by the Office of the Registrar.
Last Date of Attendance
NYIT may always use the withdrawal date as the student's last date of attendance at an academic activity reported by a faculty member on a course enrollment roster or final grade sheet. Examples of academic activities are exams, tutorials, computer-assisted instruction, academic counseling, turning in class assignments, or attending a study group assigned by the college. The faculty member will maintain documentation of the last date of attendance.
Date of Institution’s Determination of Student Withdrawal
The date of NYIT’s determination that a student withdrew varies depending upon the type of withdrawal.
Reference: Determining a student’s withdrawal date at a school that is not required to take attendance, 2012- 2013 Student Financial Aid Handbook, Volume 5; Chapter 1 Withdrawals and Return of Title IV Funds.
Date of Official Notification Provided
This is the date the student provides official notification to NYIT or begins the withdrawal process, whichever is later.
Date of Official Notification Not Provided
This is the date that NYIT learns the student has ceased attendance. NYIT will perform the Return to Title IV Funds calculation and return any unearned funds no later than 45 days after the end of the payment period determining the withdrawal date. For a student who withdraws without providing notification to NYIT, the college must determine the withdrawal date no later than 30 days after the end of the earliest:
Payment period or period of enrollment (as appropriate)
Rescission of Withdrawal
NYIT may allow a student to rescind an official notification to withdraw by having him/her file a written statement that he/she is continuing to participate in academic activities and intends to complete the enrollment period. If the student subsequently ceases to attend the institution prior to the end of the payment period, the rescission is negated, and the withdrawal date will be the last date of attendance at an academic activity. If the student subsequently withdraws (without ever returning to college) after rescinding an intent to withdraw, the rescission is negated, and the withdrawal date will revert back to the date of the first official notification.
Calculation of Earned Title IV Assistance
U.S. Department of Education software will be used to perform all refund calculations. A copy of the completed calculation worksheet will be kept in the student’s file in the Office of Financial Aid. The amount of Title IV assistance earned by the student is calculated by determining the percentage of grant and/or loan assistance earned by the student, and applying that percentage to the total amount of grant and/or loan assistance disbursed to the student or on the student's behalf for the payment period, as of his/her withdrawal date. The percentage of Title IV assistance earned will be equal to the percentage of the payment period completed by the student, when said percentage is less than 60%. If the student’s withdrawal date occurs after the completion of 60% of the payment period, the percentage earned is 100%.
Withdrawal from Cycle Classes
A Cycle Class is defined as a course in a program that does not span the entire length of the payment period or the period of enrollment. A student who registers for a Cycle Class and then ceases to attend or fails to begin attendance is considered withdrawn, if he/she is not attending any other classes and is not registered for a Cycle Class to begin at a later date within the enrollment period. A student is not considered to have withdrawn if the college obtains written confirmation at the time of withdrawal that he/she will attend a Cycle Class to begin later in the same period of enrollment. This confirmation must be obtained at the time of withdrawal, even if the student has already registered for subsequent courses.
If the total amount of the Title IV grant and/or loan assistance earned by the student is more than the amount that was disbursed to the student as of the withdrawal date, the difference between the two amounts will be treated as a post-withdrawal disbursement. In the event of outstanding charges on the student’s account, NYIT will credit his/her account for all or part of the amount of the post-withdrawal disbursement, up to the amount of allowable charges.
If Direct Loan and/or Federal Perkins Loan Program funds are used to credit the student’s account, NYIT will notify the student (or parent for a PLUS Loan) and provide the student (or parent) with the opportunity to cancel all or a portion of the loan(s).
Any amount of a post-withdrawal disbursement that is comprised of loan funds and has not been credited to a student’s account will be offered to the student (or parent for a PLUS Loan) within 30 days of the date the college determined the student's withdrawal. Any earned grant funds that the student is eligible to receive due to a post-withdrawal disbursement will be provided within 45 days of the date of determination. Students will be notified of such disbursements in writing. The notification will include:
Identification of the type and amount of the Title IV funds that make up the post-withdrawal disbursement (not to include any amounts that have been applied to the student’s account);
Explanation that the student (or parent for a PLUS loan) may accept or decline some or all of the post-withdrawal disbursement (that which has not been applied to the student’s account); and
Advisement that NYIT is not required to make a post-withdrawal disbursement if the student (or parent for a PLUS Loan) does not respond within 14 days of the date that NYIT sent the notification.
Upon receipt of a timely response from the student or parent, NYIT will disburse funds in the manner specified in the response. Distribution will occur within 180 days of the date of determination of the student’s withdrawal date. If no response is received from the student or parent, NYIT will not disburse any of the funds. NYIT maintains the right to decide whether or not to make a post-withdrawal disbursement in the event that the student (or parent for a PLUS Loan) responds after 14 days of the date that notification was sent to them. If NYIT decides not to make this post-withdrawal disbursement, it will inform the student (or parent) in writing. In the case of a post-withdrawal disbursement, grant funds will be disbursed prior to loan funds.
Refund of Unearned Funds to Title IV
If the total amount of Title IV grant and/or loan assistance that was earned by the student is less than the amount that was disbursed to the student as of the withdrawal date, the difference between the two amounts will be returned to Title IV programs and no further disbursements will be made. Funds will be returned as follows:
Refunds by the College
In the event that NYIT is responsible for returning funds to Title IV programs, the funds will be returned in the order prescribed by the U.S. Department of Education (listed below) within 45 days of the date of determination of a student's withdrawal.
Unsubsidized Federal Direct Student Loans
Subsidized Federal Direct Student Loans
Federal Direct PLUS Loans
Federal Pell Grants for the payment period for which a return of funds is required
Academic Competitiveness Grant (ACG) for the payment period for which a return of funds is required
National Science and Mathematics Access to Retain Talent Grant (SMART) for the payment period for which a return of funds is required
Federal Supplemental Educational Opportunity Grants (FSEOG) for the payment period for which a return of funds is required
Teacher Education Assistance for College and Higher Education Grant (TEACH) for the payment period for which a return of funds is required
Other assistance under Title IV for which a return of funds is required
Refunds by the Student
In the event that the student is responsible for returning grants funds to Title IV programs, NYIT will notify the student within 45 days of the date of determination of his/her withdrawal. The student will be advised of making arrangements for repayment.
Payment Period or Enrollment Period
Withdrawals and the return of Title IV funds will be based on a payment period for all standard term programs. Non-term program payments will be based on an enrollment period.
For a payment period or period of enrollment in which courses in the program are offered in modules:
A student is not considered to have withdrawn if the institution obtains written confirmation at the time of withdrawal of an anticipated return date to a module to begin later in the same payment period or period of enrollment.
A student may change the date of return to a module that begins later in the same payment period or period of enrollment, provided that he/she does so in writing prior to the previously confirmed return date.
If an institution obtains written confirmation of future attendance, but the student does not return as scheduled, he/she is considered to have withdrawn from the payment period or period of enrollment.
A student's withdrawal date and the total number of calendar days in the payment period or period of enrollment will be treated as if he/she had not provided written confirmation of a future date of attendance (original withdrawal date).
If a student withdraws from a program offered in modules during a payment period or period of enrollment and re-enters the same program prior to the end of the period, he/she is eligible to receive Title IV, HEA program funds for which he/she was eligible prior to withdrawal. This includes funds returned by the institution or student, provided the student's enrollment status continues to support the full amount of those funds.
NYIT must document a student’s withdrawal date and the date of determination that the student withdrew. The documents will be kept in the student’s academic file in the Office of the Registrar. The Title IV funds calculation and other accompanying documentation will be secured in the Office of Financial Aid.