Saint Leo University is a semester based school with classes
offered in semesters and terms. Semester students are awarded on a
traditional semester-based calendar with one disbursement per
semester (or every 16 weeks). Term students are awarded on an
alternative semester calendar with two disbursements per semester
(over the course of two 8 week terms). Student accounts reflect
tuition charges at the time a student registers for classes,
however these charges will be reversed if the student drops or does
not attend by the end of the drop/add period. A student officially
withdraws by completing the steps outlined in Saint Leo
University’s Attendance and Withdrawal Policies and
Federal aid used in the return of Title IV funds calculation
includes Federal Pell Grant, Supplemental Educational Opportunity
Grant (SEOG), Federal Iraq Afghanistan Service Grant (IASG), TEACH,
Direct Subsidized loans, Direct Unsubsidized loans, Direct Grad
PLUS loans and Direct PLUS loans that have been disbursed or have
yet to be disbursed. Federal Work Study is excluded.
The amount of Title IV federal aid earned by a student is
determined on a pro-rata basis up to the end of 60% of the term.
Once a student has completed more than 60% of a term, all awarded
aid has been earned.
The calculation consists of the number of calendar days
completed in a term or semester divided by the total calendar days
in the term or semester. After calculating the percentage of aid
earned, the total aid disbursed (and that has yet to be disbursed)
for the term is multiplied by the percentage earned and rounded to
the one-hundredth decimal.
A post-withdrawal disbursement of Pell and loan funds may be
paid if the student is eligible to receive the funds. The student
(or parent if a PLUS loan) will be notified within 30 days of the
date of withdrawal of the opportunity to accept, reduce, or decline
the post-withdrawal disbursement. Upon receipt of a timely response
(within ten days) from the student (or parent), the university will
disburse the loan funds as soon as possible and within 180 days of
the withdrawal date.
Loan funds will be applied towards the outstanding payment
period charges on the student's account and may pay up to the
amount of the allowable charges (i.e. tuition, fees, room, board,
and bookstore authorizations).
When grant funds must be returned by the student, the law
provides that the student may repay 50% of a federal grant rather
than 100%. The university will notify the student of the
overpayment within 30 days of the date of withdrawal and return the
overpayment of funds on behalf of the student. The university will
debit the student’s account and collect any balance created by the
return of funds. When loan funds should be returned (student or
parent if PLUS loan), they will be repaid in accordance with the
terms of the promissory note over a period of time.
Students will receive an email to their Saint Leo email address
on file or a letter mailed to their home address on file as their
withdraw calculation notification.
The following scenarios are for term-based students that do not
complete a Confirmation of Future Attendance form for their second