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Business Office : Refund Policy
Withdrawal
 

When a student chooses to withdraw from the College, we recommend the student start the withdrawal process with either the Registrar or Dean of Students. In either case, the student will be asked to complete a withdrawal application in order to collect pertinent information. The student will receive useful information about separating from the College and in some cases will be advised to meet with a staff person from the Office of Financial Aid.

Refunds

Tuition Room and Board
The refunding of tuition, room and board charges will be based on the official date of withdrawal. Charges are pro-rated based on the number of days enrolled to the number of days in the term, including weekends and holidays. At the point where the number of days enrolled is at or greater than 60% of the term, there will be no refund of charges.

Financial Aid
The effect that a withdrawal has on financial aid varies with the provider of the financial aid. Federal, Title IV financial aid will be returned to the U.S. Department of Education according to federal regulation. This regulation uses a daily pro-ration of financial aid earned based on the number of days enrolled to the number of days in the term, including weekends and holidays. At the point where the number of days enrolled is at or greater than 60% of the term, there will be no return of federal funds. Institutional funded scholarships and grants will use this same pro-ration method. Financial aid from the state of Michigan will be returned to the Michigan Department of Treasury according to the formula specified by the state. The state's refund is based on percentage of tuition paid by the program to the percentage of tuition refunded back to the student. (The Michigan Merit Award is not subject to this policy.)

Any student who received excess federal funds from their accounts following the assessment of institutional charges and subsequently withdraws before 60% of the term is over will be subject to federal return of funds policy on a portion of the funds they receive back as a credit on their account.

Any student receiving financial aid and withdrawing from the institution is encouraged to consult with staff in the Office of Financial Aid whenever possible. A student who wishes to return to the College after a withdrawal must apply for re-admission. Reinstatement of federal and state aid is subject to application requirements and availability of funds. Reinstatement of institutional financial aid and scholarships is also subject to application requirements and availability of funds. The student must send the Director of Financial Aid a letter of request for reinstatement, and the student must have been in good academic standing and campus citizenship at the time they withdrew from the College.

January 17, 2006