Students who plan to withdraw are strongly advised to contact the Finance Office (to discuss student account balance) and the Financial Aid Office (to discuss federal loan repayment requirements/options) to ensure a complete understanding of the financial effect of a withdrawal. The following information is a basic guide to withdrawal from the school. The Student Handbook provides complete information.
Official withdrawal is established only by meeting with Dean of Students. The Dean of Students will determine an official withdrawal date and communicate that date to the Finance Office. The Finance Office will calculate remaining tuition liability and tuition refunds within 10 days after receiving notice of the official withdrawal date from the Dean of Students.
Tuition refunds are percentage calculations based on the total number of days in a semester divided by the calendar days completed (excluding breaks of 5 or more days and days that the student was on an approved leave of absence) in a specific academic term. The official withdrawal date will have a corresponding refund and liability percentage shown in the Tuition Refund Schedule link. A withdrawal date falling after the semester 60% point has no refund eligibility so tuition is charged at 100%. The school’s refund policy is separate from the federal Return of Title IV Funds policy also known as R2T4. The two policies use the same semester tuition refund schedule.
Students Receiving Federal Aid: Return of Title IV Funds
Withdrawn students whose federal (Title IV) loans paid semester tuition will have tuition refunds returned to federal loan programs based on the federal Return to Title IV policy. Unpaid tuition balances remaining after refunds are calculated are due immediately. A federal loan scheduled in a withdrawal semester can be disbursed after the official date of withdrawal and before the Refund is calculated when the school has originated the loan and a valid promissory is on file with the Department of Education loan program. Private loans to pay tuition balances remaining after withdrawal may be available. Contact the Financial Aid Office for advice and assistance.
Tuition refunds from accounts paid with federal or state aid will be returned to programs in the order listed. Fund returns will be completed with 45 days after the date the official withdrawal date was determined.
1. Unsubsidized Federal Direct Loan
2. Subsidized Federal Direct Loan
3. Graduate Plus Direct Loans
4. Federal Perkins Loan
5. Other Title IV (Federal) Financial Aid Programs
6. Other Federal Sources
7. Institutional Aid
8. Private Aid (private loans, outside scholarships, etc.)
9. MN SELF Loans (or other state aid)
Contact the Finance Office for information about your Student Account:
p: 651-290-6312, e: firstname.lastname@example.org
Room 274 in the LEC Building: Hours Monday-Friday 8am-4:30pm
Contact the Financial Aid Office for information about federal aid
p: 651-290-6403, e: email@example.com
Room 120: Hours Monday-Thursday 8:30am-6:30pm, Friday 8:30am-5pm