Repayment of Unearned Aid

Students who receive federal financial aid and withdraw from NNU may be required to repay the appropriate program a percentage of their unearned aid. The responsibility to repay unearned aid is shared by NNU and the student in proportion to the aid each is assumed to possess. NNU’s share is the lesser of:

The total amount of unearned aid and,
NNU’s charges multiplied times the percentage of aid that was unearned.
NNU’s share is allocated among the Title IV programs in an order specified by law.

The student’s share is the difference between the total unearned aid and NNU’s share. After the student’s share is fully allocated among any of the Title IV loan programs, any grant amount owed to a federal grant program is reduced by half.