If a student withdraws completely and paid with a credit card, the refund once all adjustments are made will go towards the credit card. Please contact the Office of Student Financial Planning to discuss changes in enrollment and your financial aid eligibility. Financial aid from private scholarship programs is returned to those programs per their individual regulations. Private loans and payments made by students and parents are not subject to the earned aid percentage. These funds are used to pay the remaining balance after adjustments to federal, state, institutional aid, and institutional charges have been completed.
Any credit balance remaining is returned to the source of payment.
The total amount of unearned Title IV funds, other than Federal Work Study, must be returned. Unearned aid is the amount of disbursed Title IV aid that exceeds the amount of Title IV aid earned under the federal formula. Students may need to repay financial aid that they did not earn. Since students may elect to combine a number of summer enrollment terms into a total summer enrollment period, an individual enrollment period will be calculated for each student. Institutional costs play no role in determining the amount of Title IV funds to which a withdrawn student is entitled.