Federal Financial Aid Recipients–Refund Policy

If a student totally withdraws  from the College for a particular semester and was a federal financial aid recipient, the student is entitled to receive  funding  based  on the percentage  of the payment period (semester) that the student completed.

If the student completes more than 60.01% of the period, he or she earned 100% of the aid for that period of enrollment.

If the student completes 60% or less of the period of enrollment, the percentage of the period completed is the percentage of aid earned and eligible to receive.  Any  aid that is unearned as a result of totally withdrawing  from the College at the 60% or less point of the semester must be returned  to the Department of Education.