Funds are usually a pplied after the 12th day of cl asses. Questions concerning refunds should be directed to the Bursar's Office (ASB Lobby).

Students who receive Title IV financial aid Pell Grant, Federal S EOG, Federal Perkin's Loan, Federal Direct or P LUS loans and with draws from the University's subject to the Return of Title IV Funds regulations. Students with funds from any of these programs "ea.rn" their financial aid dollars while enrolled. If a student withdraws prior to completing 60% of a term (Fall Semester on or after October 30, 2011 and Spring Semester on or after March 25, 2012), a prorated portion of his/her federal financial aid dollars must be considered "unearned" and returned to the federal programs. Une arned financial aid dollars returned to the federal programs could cause students to owe the University a significant amount upon withdrawal. Failure to return aid due back to their federal programs will result in loss of eligibility for federal financial aid assistance.

Federal fund returned are distributed to the programs as follows: Unsubsidized Federal Direct Stafford Loans Subsidized Federal Direct Stafford Loans Federal Direct PLUS Loans Federal Perkins Loans Federal Pell Grants Federal Supplemental Educational Opportunity Grants (FSEOG) Other Student Financial Aid Programs Other federal, state, private, or institutional sources of aid Refunds are calculated according to the following schedule for those students not receiving Title IV financial aid and withdraw from the University. Refund Period – Fall 2011 100% refundable - Prior to the first day of classes ending August 26, 2011 75% refundable – August 27 – September 2, 2011 50% refundable – September 3 – 9, 2011 25% refundable – September 10 – 16, 2011 0% refundable – After September 17, 2011 Refund Period – Spring 2012 100% refundable - Prior to the first day of classes ending January 20, 2012 75% refundable – January 21 – 27, 2012 50% refundable – January 28 – February 3, 2012 25% refundable – February 4 – 10, 2012 0% refundable – After February 11, 2012 Refund Period – Summer 2012 100% refundable - Prior to the first day of classes ending June 6, 2012 75% refundable – June 7 – 8, 2012 50% refundable – June 9 - 12, 2012 25% refundable – June 13 – 15, 2012 0% refundable – After June 16, 2012

Funds are usually applied to the students account after the 12th day of classes. Residual checks are deposited to the students Paycard or mailed to the local address within 14 days of the date the credit occurred.