Title IV Funds are federal financial aid grant, work study, and loan funds in the following programs:
- Federal Direct Unsubsidized Loan
- Federal Direct Subsidized Loan
- Federal Perkins Loan
- Federal Graduate Plus Loan
- Federal Parent Plus Loan
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Iraq and Afghanistan Service Grant
- Teacher Educational Assistance for College and Higher Education (TEACH) Grant
- Federal Work-Study (Federal Work-Study earnings are not affected by Title IV regulations concerning the return of unearned federal financial aid)
The Office of Student Financial Assistance (OSFA) is required by the Higher Education Act of 1965, as amended in 1998, to determine the amount of financial aid that a student “earned” for an academic semester when the student does not complete at least one course within that semester. When the “earned” aid is less than the disbursed aid, the institution and student are responsible for returning the “unearned” disbursed funds to the appropriate agency.