University Refund Policy:
This policy applies to all student withdrawals from the university. A withdrawal from the university is defined as a student removing themselves from all enrolled classes at any point in the term or dropping below 12 credits (full-time enrollment) during the Drop/Add period. Please see the university’s academic calendar for more details on the Drop/Add period specific to each semester.
Once the semester begins there are many financial implications to consider when thinking about withdrawing from the university. Please note room, activity, and health fees are neither pro-rated nor refundable. Additionally, students who are suspended or dismissed from the university after the first day of classes are not eligible for refunds.
Fall 2021 tuition and meal plan charges are refunded via the schedule below:
- 100% - on or before Aug. 30
- 90% - between Aug. 31 and Sept. 10
- 50% - between Sept. 11 and Sept. 27
- 25% - between Sept. 28 and Oct. 25
- No tuition and meal plan refund on or after Oct. 26
Spring 2022 tuition and meal plan charges are refunded via the schedule below:
- 100% - on or before Jan. 31
- 90% - between Feb. 1 and Feb. 11
- 50% - between Feb. 12 and Feb. 28
- 25% - between Mar. 1 and March 28
- No tuition and meal plan refund on or after Mar. 29.
*Please note, students receiving federal student aid are also subject to a return calculation to determine the amount of aid earned prior to their withdrawal from the university. This return calculation is required by the U.S. Department of Education.
Federal Title IV Refund Policy
The Student Financial Services Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed or take a leave of absence before completing 60 percent of a payment period or term.
Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formulas:
The percentage of a payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.
Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula:
Aid to be returned = (100 percent of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term.
If a student earns less aid than was disbursed, the university is required to return a portion of the funds and the student is required to return a portion of the funds. When Title IV funds are returned, the student borrower may owe a debit balance to the university. If a student earns more aid than was disbursed, the university is required to make to the student a post-withdrawal disbursement which must be paid within 120 days of the student’s withdrawal.
The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student’s withdrawal. Refunds are allocated in the following order:
- Unsubsidized Federal Stafford Loans
- Subsidized Federal Stafford Loans
- Federal Perkins Loans
- Federal Parent (PLUS) Loans
- Federal Pell Grants, for which a return of funds is required
- Federal Academic Competitiveness Grants, for which a return of funds is required
- National SMART Grants, for which a return of funds is required
- Federal Supplemental Opportunity Grants, for which a return of funds is required
- Federal TEACH Grants for which a return of funds is required
Requesting a Refund
To obtain a refund, a student must notify the Office of the Registrar in writing that he or she is officially withdrawing and provide the last date of class attendance. The form used to officially notify the university may be obtained at the Office of the Registrar. Mere absence from classes does not reduce a student’s financial obligation or guarantee that the university will not record a final grade. Note that room charges and student activity and health fees are nonrefundable after classes have commenced.
Optional Tuition Insurance
Information regarding optional tuition insurance is available at this link.