Funds are usually applied after the 12th day of classes. Questions concerning refunds should be directed to the Bursar's Office (ASB Lobby).
Students who receive Title IV financial aid P ell G grant, Federal SEOG, Federal Perkins Loan, Federal Direct or PLUS loans and withdraws from the University's subject to the Return of Title IV Funds regulations. Students with funds from any of these programs "earn" their financial aid do lars while enrolled. If a student withdraws prior to completing 60% of a term (Fall Semester on or after October 31, 2010 and Spring Semester on or after March 27, 2011), a prorated portion of his/her federal financial aid dollars must be considered "unearned" and returned to the federal programs. U nearned 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.
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 2010
100% refundable - Prior to the first day of classes ending August 27, 2010
75% refundable – August 28 – September 3, 2010
50% refundable – September 4 – 10, 2010
25% refundable – September 11 – 17, 2010
0% refundable – After September 18, 2010
Refund Period – Spring 2011
100% refundable - Prior to the first day of classes ending January 21, 2011
75% refundable – January 22 – 28, 2011
50% refundable – January 29 – February 4, 2011
25% refundable – February 5 – 11, 2011
0% refundable – After February 12, 2011
Refund Period – Summer 2011
100% refundable - Prior to the first day of classes ending June 8, 2011
75% refundable – June 9 – 10, 2011
50% refundable – June 11 - 14, 2011
25% refundable – June 15 – 17, 2011
0% refundable – After June 18, 2011
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