Tuition Refunds and Repayment of Financial Aid
Students who are awarded financial assistance for a specific semester but withdraw prior to the beginning of classes are required to repay the University all funds released. Students who withdraw after the beginning of classes may be required to repay at least some portion of the funds received. The amount to be repaid is calculated according to a repayment policy determined by the Office of Student Financial Services in accordance with federal regulations. Repayment varies depending on the amount and type of funds received and when the student withdraws. Any refund of tuition due to a student may be used to meet the aid repayment requirement.
Students who received financial assistance may have all or part of the calculated refund credited to the student aid programs from which the student was paid. The remaining refund, if any, will be disbursed to the student.
Federal regulations require that refunds due to student aid programs be credited in the following order: (1) Federal Direct Unsubsidized Loan; (2) Federal Direct Subsidized Loan; (3) Federal Perkins Loan; (4) Federal Direct Grad Plus; (5) Federal Direct Parent Loan for Undergraduate Students (plus); (6) Federal Pell Grant; (7) Federal Supplemental Educational Opportunity Grant; (8) other federal student aid programs; (9) nonfederal student aid programs. Nonfederal student aid programs are refunded in the following order: (1) state grants; (2) institution grants; (3) state loans; (4) scholarships, if specified by donor.