A student that withdrawals from the college will receive a refund of institutional charges 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 Funds calculation and the college’s Institutional Tuition Refund Policy. It is possible that the tuition refund may be larger than the federal return calculation as the Institutional Tuition Refund Policy is based on a weekly vs. daily proration.
Week 1 100% • Week 2 90% • Week 3 80% • Week 4 70% • Week 5 60% • Week 6 50%
(Example based on winter 2023 tuition & fees):
A student withdraws during week six of the quarter at the 50% point. With full-time tuition charges of $9,180 and the $400 Student Fee the tuition refund would be $4,840. If the student is a recipient of federal student loans, the funds are first refunded to the appropriate loan program. Any remaining funds are refunded to the institutional scholarship and then to the student in that order.
Partial Withdrawal Refund Policy
Students have the first two weeks of the quarter to finalize their schedules. 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). 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 (and still enrolled in at least one class).
Return of Title IV Funds Policy is a federally mandated policy that applies only to students who receive federal financial aid and who withdrawal, cease attending or are dismissed prior to completing 60% of a term.
The college is required to take attendance by an outside agency; therefore, the last date of attendance will be based on attendance records. A student who unofficially withdraws (does not contact the college) will have their last date of attendance based on college attendance records. The date of determination that a student withdrew or ceased attending will occur within 14 calendar days of the withdrawal date (last date of attendance).
A student will earn federal financial aid funds based upon the percentage of time he/she attended classes for the quarter. Any funds in excess of the percentage earned (daily 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 all federal funds will have been earned.
The college must return the lesser of the amount of Title IV funds that the student did not earn or the amount of institutional charges incurred by the student multiplied by the percentage of funds not earned. The amount of any unearned Title IV Aid that the school must refund is returned (no later than 45 days from date of determination) to the following sources, in order, up to the total net disbursed from each source: unsubsidized Direct Stafford and graduate Direct Plus. A notification will be sent to the student when funds have been returned.
When the total amount of the Title IV assistance earned as of the withdrawal date is more than the amount that was disbursed to the student, the difference between the two amounts is treated as a post-withdrawal disbursement. A post-withdrawal disbursement of federal loan funds requires the college obtain the students permission before it can be disbursed. The borrower will be notified within 30 days of the date of determination of withdrawal of the opportunity and procedures to accept all or a part of the post-withdrawal disbursement.
A student is responsible for all unearned Title IV funds that the college is not required to return (loans disbursed to student minus any loan funds the school repaid). The loans are repaid by the student according to the terms of the student’s promissory note(s).
Example of Federal Return of Funds Policy (example based on winter 2023 tuition & fees)::
Impact of Two Calculations: If the Institutional Tuition Refund is larger than the amount of Title IV aid to be returned calculation, the College will request permission from the student to also return the difference to the loan program; otherwise, the funds will refund to any institutional scholarship and then the student in that order. If the Return to Title IV calculated refund is higher than the College’s Institutional Refund Policy, a negative balance will be created in the Business Office. As the amount is typically small (daily pro-rata vs. weekly pro-rata), it is College policy to void the charges. For example, if the Institutional Tuition Refund is $4,840 and the Return of Title IV refund is $4,982, the College returns an additional $142 more than required by our Institutional tuition refund policy, creating a debt of $142. The College waives the charges, and the student account balance is zero.
If a newly matriculated first-quarter student needs to withdraw due to health reasons, family emergency or tuition funding issues, the Director of Admissions will notify the Provost (cc Registrar Office and Financial Aid) and recommend this modified refund policy. The Provost will approve or deny the request. In order for the student to qualify the student must have not yet received any institutional or federal aid; they will be withdrawn with 100% tuition refund during both the first and second weeks of the quarter. The student will be withdrawn from the quarter without any grade notations. When the student returns they will be considered a returning student (re-admit if more than one year).
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