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8/23/06 Added a sentence referenced bya double asterisk at the end of section 2 as follows: ** Students who have signed a Residence Hall and Dining Services agreement for the upcoming academic year, and who cancel the housing agreement after July 15th may be charged a $500 housing cancellation fee.
8/1/06 Policy was amended to add two additional paragraphs, IV and V, dealing with return to title IV funds policy, and adjustment of grants and scholarships. The line in the Introduction Section that read "In addition to the published refund policy, refunds will be adjusted, as needed, for eligible federal financial aid recipients” was deleted as this referenced the old Pro Rata Formula that required the institution to reduce their charges based on the outcome of the formula. In the section on Return to Title IV, the must was changed to may, and withdraws was removed from the website address, so the reader would be directed to the main page. The two additional changes capture information regarding refund policy that was included on the Financial Aid web page. The following paragraph was removed as it was duplicative: Note that refunds are calculated on the total amount billed and not on amounts already paid. Federal regulations governing refunds apply to students who are recipients of federal Title IV funds. Additional information is available in the Office of Financial Aid and on the financial aid Web page.
7/27/06 Policy was amended by the Policy Committee to delete the last two sentences of the last paragraph under Section II, and to add the following sentence: Fees are refunded on a per diem basis prior to the end of the add drop period, and thereafter are reduced at the rates shown above for tuition.
This change was made to conform treatment of room and board, as it had been a point of contention and confusion for parents and students in the past that room and board was treated differently. Approval of VP for enrollment obtained. Change made at the request of the Associate VP for Business Services.
5/31/06: Policy was reformatted according to the standard template. |