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Refund Policy The following information is provided for a quick reference. For complete information on the University's refund policy, please refer to the 2012-13 University Catalog (Page 225) Students enrolled in a semester abroad are charged a comprehensive fee. For the purpose of calculating a refund the comprehensive fee will be allocated to tuition, room and board as if the student were attending school on campus and the refund calculated in accordance with these guidelines. Return of Title IV Aid (federal financial aid) will be calculated according to federal regulations. Federal aid earned is calculated based on the number of days in attendance divided by the number of days in the enrollment peroid. *After 60% of the enrollment period has passed, federal aid will be considered 100% earned. Unearned federal aid will be returned to the federal aid program in the following order: Federal Unsub. Stafford Loan, Federal Sub. Stafford Loan, Federal Perkins Loan, Federal PLUS Loan, Federal Pell Grant, and Federal SEOG. Please contact the Student Financial Services office for more information. *(The 60% point is 11/1/12 for the fall semester and 4/2/13 for the spring semester.) New York State students qualifying under the Tuition Assistance Program (TAP) are responsible for reimbursing the University for the amount of tuition assistance award held at the time of withdrawal and upon which the University has extended credit to the student. Health Insurance Group health insurance refunds and cancellations will be made in accordance with the insurance policy. Medical Withdrawls Withdrawal for medical reasons is generally granted for students who must leave campus and are unable to complete courses. Medical withdrawal for an entire semester approved by the Office of the Vice President and Dean of Student Life is subject to the standard University refund policy and Return of Title IV aid (federal financial aid) calculation, if applicable. In addition, in the first semester that the student returns to St. Lawrence, a financial credit will be applied to the student account for the amount of tuition (determined after refund calculation) that was paid during the semester in which the medical withdrawal was taken. This financial credit is considered a resource for financial aid purposes. It is the student's responsibility to notify the student financial services office of intent to use the medical withdrawal credit. A medical withdrawal for a partial course load does not allow the student to receive financial credit in a future semester. The University offers a Tuition Refund Plan through A.W.G. Dewar, Inc. of Quincy, MA. The plan insures the loss of tuition, fees due to withdrawal for illness and accident reasons, and mental/emotional problems. A brochure describing the plan is mailed in July. More information may be obtained at www.collegerefund.com. Suspensions or Expulsions Only board (member fee and meal bank) will be refunded based on the percentage of time enrolled in the semester upon suspension or expulsion. There will be no refund of board after 60% of the enrollment period has passed. | |||||||||||||||||||||||||
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