Return of federal funds

When students complete zero credits for a quarter, they may owe a repayment of a portion of their federal financial aid funds to the U.S. Department of Education, have an outstanding student account balance because MCC was also required to return funds, or both. Federal funds that may have to be returned are Federal Stafford and/or PLUS Loans, Federal Pell Grant, and FSEOG. The Nebraska Opportunity Grant, Board of Governors Tuition Grant, and Federal Work-Study are not affected by this requirement.

Students are considered to have completed zero credits when they formally withdraw from all of their classes (W grades), informally withdraw from all of their classes by ceasing attendance (FX grades), or complete zero credits with a combination of W and FX grades only. Students who owe a repayment of federal financial aid are notified in writing.

For more information and examples of the return of federal funds calculations, contact the Financial Aid office.