Spring 2009 W/D & LOA

BILLING ADJUSTMENT DATES
AND PERCENTAGES

 

UNIVERSITY REFUND POLICY


" FEES ARE REDUCED ACCORDING TO THE FOLLOWING SCALE

UPON WITHDRAWAL OR LEAVE"

100 %

80 %

60 %

40 %

20 %

0 %

THROUGH

Jan 20

Jan 21 -

Feb 3

Feb 4 -

Feb 10

Feb 11 -

Feb 17

Feb 18 -

Feb 24

Feb 25

TO END


IMPORTANT NOTES:

1. The following fees may not be reduced if withdrawn as of the first day of classes:
  Registration Fee, Transcript Fee, Document Fee, Accident/Sickness Insurance Fee, Monthly Payment Plan Fee, Late Payment Fee, and Late Registration Fee, Returned Check Fee, Partial Payment Fee, Exchange Program Fee, and Other Special Fees.

2.

Room and board charges may differ from the University refund policy.


FEDERAL PRO-RATA RETURN OF TITLE IV FUNDS POLICY

Students receiving Federal Title IV funds, i.e., Federal Pell Grants, Federal Ford Direct Loans, Federal Ford Plus Loans, Federal Perkins Loans, Federal Supplemental Educational Opportunity Grants, or other Federal Title IV assistance are subject to the Federal Return of Funds Regulation. The regulation states that Federal Title IV funds must be returned according to a pro-rata formula based upon the amount of time spent in school up to the 60th percentile of attendance. Thereafter, disbursements are not adjusted. An example follows:

Assume that a student withdraws during the third week of school after attending 20 days and the term bill has been paid entirely by a Federal Ford Direct Loan. If the semester consists of 100 days, 80% of the loan must be returned to the fund since the student attended only 20% of the semester. The student's term bill, however, is reduced only 60% per the University's refund policy as stated above. The student will be responsible for the difference.

For more information, please contact the Office of Enrollment Services at (401) 874-9500.