Financial Aid Refund and Return Policies

Financial aid is to be used first for direct educational costs-tuition and fees and room and board, if on-campus. If a student withdraws and is to receive a refund of tuition and fees, room and board, if applicable, all or part of this refund will be used to reimburse the respective financial aid program(s) under Title IV from which the student received funds in accordance to the following schedule:

1. FFEL Programs
2. Direct Loan Program
3. Federal SEOG Program
4. Other Title IV Programs
5. To The Student

Beginning in the fall of 2000, students may be required to return “unearned financial aid” if they withdraw. If the student received financial aid in excess of direct costs, a percentage of this aid may be required to be returned depending upon the number of days the student was enrolled and the amount of aid received. Any questions regarding “unearned financial aid” should be directed to the Financial Aid Office.

RETURN POLICY. The required amount will be returned to the appropriate funding source and the student could then owe the University.

A student owing money to the University cannot receive any type of federally supported student aid disbursement for future enrollment periods unless payment arrangements have been made with the Business Office.