A learner ceases to be eligible for Title IV aid on the date the learner ceased to be enrolled, or last date of attendance.

An otherwise eligible learner becomes ineligible to receive title IV, Higher Education Act (HEA) program funds on the date that—

• For a Direct Loan, the learner is no longer enrolled at the institution as at least a half-time learner for the period of enrollment for which the loan was intended; or 
• For an award under the Federal Pell Grant, the learner is no longer enrolled at the institution for the award year.