Current News:

Academic Calendar

Here is the Calendar of events for OLC.

  • January 26th - January 30th 2015
    • Last Week to Drop 100%
  • February 2nd 2015
    • 10:00am: Chairs Mtg.
  • February 6th 2015
    • 10:00am: All Staff Mtg.
  • February 13th 2015
    • 10:00am: PWO
    • 10:30am: Student Senate
  • February 16th 2015
    • President's Day (Offices closed)
  • February 21st 2015
    • Bravehearts (SD Challenge)
  • February 28th 2015
    • Bravehearts (MT Challenge)
  • March 2nd 2015
    • 10:00am: Chairs Mtg.
  • March 6th 2015
    • 10:00am: All Staff Mtg.

Return Of Title IV Funds (POLICY)

 

Return of Title IV Funds occurs when a student withdraws from all classes without completing 60% of the semester.

If Oglala Lakota College finds that the student's living expenses incurred up to the time of withdrawal exceed the amount of funds disbursed, the student does not owe a repayment. However, if the disbursement was greater than the student's living expenses up to the withdrawal date, the student must repay the excess amount to Oglala Lakota College. It is the policy of Oglala Lakota College to reimburse the Federal Student Aid Program and collect repayment from the student. Thus, the student will be in repayment situation with OLC rather than the Department of Education. OLC will attempt to collect the funds from students. In the event that we are unable to collect the funds, OLC will then report an overpayment to the Department of Education or through submission to the National Student Loan Data System (NDSLS). The student will be ineligible for further SFA funds until the overpayment is resolved.

Remember, as with refunds, FWS wages are excluded because they have been earned.

Oglala Lakota College is responsible for notifying the student of the amount owed, for billing the student, and for collecting the repayment.

The percentage used in calculating a repayment will be the date the student has totally withdrawn from classes.

Refund Distribution --Prescribed by Law and Regulations:

  • Title IV
  • FSEOG
  • Other Title IV Programs
  • Other Federal, Private, or Institutional Aid
  • The Student.

The Director of Financial Aid will use the R2T4 Federal Software for determining both the student?s and institution?s refunds.