Refund & Withdrawal Policy
Funds in excess of institutional costs are typically issued within 30 days of the start of each academic term, and then on Fridays afterward. Refund Request Forms must be completed by the close of business on Monday in order to be processed.
Refunds are issued to the student unless their account has a Parent Plus Loan, in which case refunds are issued based on the borrower’s instructions provided on the loan application itself.
The Student Accounts Office will not process refunds that include balances of “Pending Aid”.
Students making schedule adjustments that change their status from full-time to part-time or reduce their part-time load after the first five days of a semester or the first two days of a summer term will not have any adjustments in tuition charges unless they withdraw from the College. For a student withdrawing from the College because of illness or for other reasons approved by the College, the following refund schedule will be used:
| Fall Semester 2020 | Spring Semester 2021 | Student Responsibility |
| August 17, 2020 – August 30, 2020 |
January 25, 2021 – February 7, 2021 |
20% of tuition |
| August 31, 2020 – September 13, 2020 |
February 8, 2021 – February 21, 2021 | 40% of tuition |
| September 14, 2020 – September 27, 2020 |
February 22, 2021 – March 4, 2021 | 60% of tuition |
| After September 27, 2020 | After March 4, 2021 | 100% of tuition |
| May Term 2021 | Summer Term 2021 | Student Responsibility |
| May 12, 2021 – May 15, 2021 |
June 10, 2021 – June 13, 2021 |
20% of tuition |
| May 16, 2021 – May 19, 2021 |
June 14, 2021 – June 17, 2021 |
40% of tuition |
| May 20, 2021 – May 23, 2021 |
June 18, 2021 – June 20, 2021 |
60% of tuition |
| After May 23, 2021 | After June 20, 2021 | 100% of tuition |
Fees:
Room
A student withdrawing from the College during a semester or summer term will receive no refund of room charges.
All fees are nonrefundable.
Board
A student withdrawing from the College during a semester, for any reason, will be refunded a part of the charges for board proportionate to the number of days of the semester remaining after the meal ticket is surrendered.
Financial Aid
Refunds of financial aid are a separate calculation to comply with federal regulations.
The calculations include the length of the enrollment period, unpaid institutional charges, all educational costs for the enrollment period and amounts paid toward institutional charges from financial aid and cash paid by the student. Students who consider withdrawing or reducing hours below full-time are advised to contact the Financial Aid Office.
POLICY FOR A STUDENT WITHDRAWING FROM A COURSE
Students making schedule adjustments that change their status from full-time to part-time after the first five days of a semester will not have any adjustments in tuition charges unless they withdraw from the College.