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.
TITLE IV FINANCIAL AID
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