{"data":{"id":"us-va/8vac40-132-70","jurisdiction":"us-va","citation":"8VAC40-132-70","heading":"Refund of awards","body":"A student who receives an award and who, during a term, withdraws from the institution that made the award must surrender the balance of the award. In determining the earned portion of the award that the student may retain, the institution shall apply the percentage of earned aid resulting from the federal Return to Title IV formula to the student's award amount.","path":["Title 8. Education","Agency 40. State Council of Higher Education For Virginia","Chapter 132. Virginia Student Financial Assistance Program Regulations","Part III. Undergraduate Financial Assistance","Article 1. General Information"],"source_url":"https://law.lis.virginia.gov/admincode/title8/agency40/chapter132/section70/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:47:58Z","sha256":"634295df1a271b6b00d73ec382a3894766160624e91de29df1da5c3171b9ef81","source_id":"us-va-vac","stale":false,"prev":"us-va/8vac40-132-60","next":"us-va/8vac40-132-80"},"notice":"GroundRules: Original legal text. Not legal advice."}