Totally Withdraw (Official Withdrawals):
After your official withdraw from all USF courses for a term is processed, you will be notified within 30 days if you owe an immediate repayment of financial aid student aid (e.g. student loans, etc.)
The amount of federal student aid that you must repay is determined by the Federal Formula for Return of Title IV funds (Section 484B of the Higher Education Act). This law also specifies the order in which funds are to be returned to the financial aid programs from which they were awarded, starting with federal student aid loan programs.
Repayment & Refunds:
Any institutional refunds (e.g. tuition & fees, housing, etc.) you receive will be applied to any federal student aid repayment amount you owe.
You must request institutional refunds from the corresponding USF department according to their established policy/procedures/contract, etc.
You should not expect to receive any institutional refund until all federal student aid programs are repaid in full for the entire amount paid to you that term. This includes retroactive non-fee liable drops approved by the University Registrar when those hours were included in your enrollment status to initially disbursed federal student aid.