Return of Title IV Funds
Please review ORU’s Satisfactory Academic Progress policy before withdrawing from the university, as doing so could affect your eligibility for federal aid in the future.
Also note that any balance that might be created as a result of returning federal funds due to withdrawal must be paid by the student before you can reenroll at ORU.
Your Financial Aid was awarded based on the expectation that you would complete the entire semester. Therefore, you may not be eligible for all of the funds awarded/disbursed to you. The Financial Aid office is required by the U.S. Department of Education to perform a return of funds calculation. Federal aid that was disbursed or eligible for disbursement at the time of withdrawal is prorated based on the number of days you attended out of the total number of days in the semester. We will notify you via ORU email of any balance owed or refund available within 30 days of your withdrawal date.