Financial Aid Refunds and Returns
For any students receiving federal student financial aid, refunds for tuition and fees (excluding non-refundable fees) are returned to the financial aid programs and not to the student. A return of federal student financial aid funds that were received by the student for other costs of education, such as living expenses, may be required if a student completely withdraws from all classes before completing at least 60% of the in the following order:

1. Unsubsidized Direct Stafford loans.
2. Subsidized Direct Stafford loans
3. Direct PLUS loans
4. Federal Pell Grants
5. Federal Supplemental Educational Opportunity Grants
6. Other SFA Programs
7. Other federal, state, private, or institutional sources
8. The student

Financial Aid students are required to notify the College of their withdrawal from all classes by completing a Schedule Change Form and submitting it to the Registrar's Office for any term in which they receive financial aid funding. For any student who completely withdraws before more than 60% of the term has been completed, the amount of any refund for tuition and fees, and the amount of federal student financial aid funds that must be returned by the student are calculated based on the student's withdrawal date. A student's withdrawal date is the last date of attendance as indicated on the Schedule Change Form. For students who fail to complete a Schedule Change Form and submit it to the Registrar's Office, or in cases where no last date of attendance is indicated on the Schedule Change Form, the exact withdrawal date will be determined by the Financial Aid Office. (Contact the Financial Aid Office for further details on withdrawal date determination.)

If a financial aid student completely withdraws from all classes before more than 60% of the term has been completed, the College will determine the refund amounts and the amount of financial aid funds, if any, that must be returned by the student (or parent, if a PLUS loan). The College must calculate these amounts, refund any tuition and fees, and notify the student of any amount due within 30 days of the withdrawal date or the date the College determines the student withdrew, whichever is later. The College calculates the refund amounts and the amount of funds that must be returned by the student based on the percentage of the term completed. For more information and examples of how the College calculates these amounts, contact the Financial Aid Office.

A student/parent must return the entire amount due by the end of the term in which he/she withdraws in order to continue aid eligibility for the next term. A student/parent who cannot immediately return the full amount due may make other arrangements by contacting the College Business Office within 45 days of the date the College notifies the student of the amount due. If satisfactory arrangements are made with the College Business Office, the student will continue to be eligible for aid.

Check here for information on student owed repayments of financial aid.

updated 3/27/2001