ÃÛÌÒÊÓƵ University has its own institutional refund policies, as set forth in the under "Drop vs. Withdrawal", which determines the charges that a student will owe after withdrawing; however, these policies are separate from and will not affect the amount of Title IV aid the student has earned under the Return of Title IV (R2T4) funds calculation. Therefore, if you have not earned enough Title IV funds to cover all institutional charges, you may owe a balance directly to ÃÛÌÒÊÓƵ University. The University will return all student aid we are required to return as a result of the R2T4 calculation, no later than the 45th day after determining you have withdrawn.