Student Financial Assistance | Application
Procedure | Refund Policy for Withdrawals
Maintaining Eligibility for Financial Aid | Treatment
of Special Academic Situation
The refund amount is determined by the total payment on account from all sources, minus the charges for tuition, fees, room and board for the enrollment period, as outlined in the Expense Section of this catalog. Funds are returned to the federal programs (according to the federal refund policy), institutional programs, outside scholarships and then to the student.
If the student is eligible for a refund based on the refund policy of this school, and the student has received any federal monies, part of the refund must be applied to those federal funds. A calculation will be done by the Office of Student Financial Aid Services to determine the amount of funds to be returned to the federal programs. Work-study funds, both federal and institutional, are not included in this calculation. The student will receive a copy of the calculation and the assignment of refund amounts to the various fund accounts will be itemized.
The
amounts returned to the federal programs must be applied in the
following order (no refund can exceed the amount the student
received
from that fund):
All scholarships and loans awarded for periods after the withdrawal will be canceled, and any loan funds received will be returned to the lending institution. Any outside scholarships received after withdrawal will be returned to the donor.
Albertson College Catalog is not a contract but rather a guide for the convenience of students. Every attempt has been made to ensure accuracy. Any editorial or typographical errors, which may be present, do not change policy as formulated by the faculty and administration of the college. Albertson College reserves the right to change or withdraw courses, to change fees, rules and calendar for admission, registration, instruction and graduation, and to change other regulations affecting the student body, at any time.