Title IV and Hope Refund

If the student received federal Title IV funds in addition to HOPE funds, the school must follow the Title IV Return of Funds policy for any federal aid received. To determine the refund to HOPE, the school must then follow their institutional refund policy, if different from Title IV Return of Funds. If all or part of the student’s Title IV aid was disbursed directly to the student, the school must bill the student for the refund. This will prevent the student from receiving any additional scholarships or grants from the Authority until the refund is paid.