Title IV Aid


Title IV Aid Payments

Title IV Aid consists of any Federal aid that is administered by the Financial Aid Office and is applied to a student’s account. This includes Stafford and Plus loans, as well a Pell, ACG and Smart grants. If you aid exceeds your billed charges, you will be issued a refund.

Title IV aid can only pay charges related to a student’s attendance at the University such as tuition, fees, room and board. Title IV aid cannot pay optional charges, such as the Student Alumni Partnership Charge, Health Center, Library or Res Life room damage fees unless authorization is granted by the student.

Authorize Use of Financial Aid to Pay Other Charges

For more information on financial aid, please visit the Financial Aid Office website.

Refund Policy for Military Tuition Assistance (TA) Funds

The University at Albany, SUNY, must return any unearned TA funds in accordance to the federal student aid rules on the return of unearned funds (Section 484B of the Department of Education Title IV of the Higher Education Act of 1965 (20 U.S.C. 1091b). TA funds are earned proportionally during an enrollment period, with unearned funds returned based upon when a student stops attending. TA funds will be returned to the military service branch on a pro-rated basis for service members who withdraw from a course prior to 60% of the course length. If a service member withdraws with an effective date after actively participating for 60% of the course, the service member is considered to have earned 100% of TA funds and no funds must be returned to the Military Service Branch. Instances when a Service member stops attending due to a military service obligation, the educational institution will work with the affected Service member to identify solutions that will not result in student debt for the returned portion.

The requirements for the return of TA funds when a student withdraws are separate from the University at Albany’s refund schedules for tuition and fees. Therefore, you may still owe funds to the University at Albany to cover unpaid institutional charges. Visit our tuition liability policy at https://www.albany.edu/studentaccounts/liability.php for more information on liability for dropped/withdrawn courses.
To determine the number of day in the respective semester, please refer to the Academic Calendar found HERE
Note: Each semester length and 8-week course may be calculated differently depending on the number of days (minus any 5 consecutive vacation days) within the term/session.
These figures are based on 109 for a full length fall semester class and 8week1 and 8week2 sessions.

Calculation
  • Number of days in the semester (minus scheduled breaks more than 5 days)_______

# of Days Completed  Divided By 
# of Days in Semester 
 Equals Percentage Earned
/
 
 

  • If this percentage is greater than 60%, enter 100%
 TA Amount Times  Percentage Earned 
Equals TA Amount 
 
 X
   
  • Example: 15-Week Course (Fall 2019 Term)
Day 
 August 26
 September 22
October 19
October 30
 Percentage 
Returned
 100%
 74%
 50%
 0%
(60% Completion Point)

Non-Title IV Payments and Personal Payments

Non-Title IV aid consists of any and all aid not provided or subsidized by the Federal Government. Examples consist of Alternative Loans, Scholarships and personal payments.

Non-Title IV aid is not bound by the same restrictions as Title IV aid and therefore can be used to pay optional charges as well as pay previous balances from past semesters outside of the given aid year.

Refunds of Non-Title IV aid are usually a result of a reduction of your charges. Should you drop classes at the University creating a credit on your account, personal payments made by check or credit card will be refunded in the manner in which the payment was made. Scholarships and other third party payments may be returned to the provider of the scholarship or payment.