The University will return the Student Financial Aid (SFA) portion of the repayment to programs in the following order as prescribed by federal regulations, within 45 days from the date of determination that a student withdrew

        ·        Unsubsidized Federal Direct Loans
        ·        Subsidized Federal Direct Loans
        ·        Federal Direct PLUS Loan
        ·        Federal Pell Grants
        ·        Federal Supplemental Equal Opportunity Grant (FSEOG)

Note: The Return of Title IV Funds calculation is different from the University of the Southwest tuition and refund calculations. Click here for additional information.