Refund Policy for Withdrawals

Institutional Refund Policy

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 expenses 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.

Federal Refund Policy

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):

  1. The Federal Unsubsidized Stafford Loan Program
  2. The Federal Subsidized Stafford Loan Program
  3. The Federal Perkins Program
  4. The Federal PLUS Loan Program
  5. The Federal Pell Grant Program
  6. The Federal SEOG Program
  7. ACG Grant/Smart Grant

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.