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Academic Calendar

Here is the Calendar of events for OLC.

  • April 23rd 2015
    • 9:00am: Science Fair
  • April 24th 2015
    • 9:00am: Science Fair
  • April 25th 2015
    • 9:00am: Science Fair
  • April 26th 2015
    • 9:00am: Science Fair
  • April 27th 2015
    • 9:00am: Science Fair
  • April 28th 2015
    • 9:00am: Science Fair
  • April 29th 2015
    • 9:00am: Science Fair
  • May 1st 2015
    • 10:00am: All Staff Mtg.
  • May 4th 2015
    • 10:00am: Chairs Mtg.
  • May 8th 2015
    • Classes End
    • 10:00am: PWO

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The percentage used in calculating a repayment will be the date the student has totally withdrawn from classes.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