Federal Title IV Tuition Refund Policy
A student will be charged tuition and fees based upon the percentage of time he/she attended classes for the quarter. A student will earn financial aid funds based upon the percentage of time he/she attended classes for the quarter. Any funds in excess of the percentage earned (pro-rata refund calculation) must be returned to the federal financial aid programs. If before withdrawing a student attends classes for 60% or more of the quarter before withdrawing all federal funds will have been earned.
The college calculates both the Federal Return of Title IV Refund calculation and the college’s Institutional Refund Policy and returns the higher amount to the appropriate loan program. It is possible that the refund may be larger than required by the federal refund calculation as the Institutional Refund Policy provides for refunds through the end of week 8.
The amount of any unearned Title IV Aid that the school must refund is returned to the following sources, in order, up to the total net disbursed from each source: unsubsidized Direct Stafford, subsidized Direct Stafford and graduate Direct Plus.
Institutional Refund Policy
A student that drops credits will receive a refund of institutional charges, college grants and scholarships, and federal financial aid based on the percentages and time frames as indicated (below).
In the case of a complete withdrawal from a term, the college calculates both the federal Return of Title IV Refund calculation and the college’s Institutional Refund Policy and returns the higher amount to the appropriate loan program.
- Week 1 100%
- Week 2 – 100%
- Week 3 – 80%
- Week 4 – 70%
- Week 5 – 60%
- Week 6 – 50%
- Week 7 – 40%
- Week 8 – 30%
- After the 8th Week – 0%
Refund examples are available in the financial aid office for the Federal Title IV Tuition Refund calculation and the Institutional Refund Calculation.
Partial Withdrawal Refund Policy
Refund Policy for students withdrawing from a course (s) after the college 100% tuition refund period (first two weeks of the term). This policy is not applicable to complete withdrawals.
- 100% tuition refunds for partial drops will be processed during the first two weeks of the term for those students falling below full time status (12 or more credits).
- After week two, tuition will not be refunded for partial drops below full time status.
Students have the first two weeks of the quarter to finalize their schedule. Any student may drop a course (s) after week two; however, there will not be a tuition refund for those students falling below full time status.