Title
Refunds

Refunds will be granted when students withdraw from classes during the first four weeks of the semester.  The date on which the Registrar is informed in writing will be considered the date of withdrawal.

The College will grant a refund as follows:

1.   Tuition refund according to the following dates:
      Within the first two weeks          75%
      Within the third week                  50%
      Within the fourth week                25%
      After four weeks                         No refund

2.   Residence Hall and Meal Plan refunds will be made according to the schedule and policy as published by the Director of Housing.

3.   All fees and deposits are non-refundable.

No deductions are made for delay in returning at the beginning of each semester or for absences during the year.

The charge for room covers the period beginning with the evening preceding the opening of classes and extends to the day following the semester examinations.  Regular school holidays are included, but Thanksgiving, spring recess, and the period between semesters are excluded.  Since the College reserves the right to use all townhouse facilities during vacation periods, students who wish to remain at the College during these times must make arrangements with the Director of Student Housing.  Students who remain during this period will be charged a residence fee.

FEDERAL RETURN OF TITLE IV FUNDS POLICY
Detailed below are Return of Title IV Funds policies for St. Thomas Aquinas College. There are two policies:  Institutional Refund Policy and Return of Title IV Funds Policy.

Institutional Refund Policy
Generally, students will not be charged tuition and fees for classes officially dropped prior to the published drop deadline each term.  All tuition and fee payments may be refunded for the credit hours and fees associated with each class dropped before or during this period.  The deadline for dropping classes without incurring charges is published each term in the Academic Calendar and in the College Catalog.

Any credit balance resulting from a change in course load prior to the last day to add/drop without paying full tuition will be distributed in accordance with the Order of Return of Title IV Funds Policy as stated below.

Federal Return of Title IV Funds Policy
Title IV financial aid recipients who withdraw from all classes, or who are administratively withdrawn from all classes may be required to return a portion of the financial aid they received.  Calculations are done to determine the percent of financial aid earned and unearned for the given term.

Title IV financial aid recipients who receive an overpayment resulting from changes in enrollment, cost of attendance, general eligibility, and additional financial aid award(s) will be required to return funds in the amount necessary to eliminate the overpayment.

The student will be notified if a Return of Title IV funds is due.  Failure to return Title IV funds will result in the loss of eligibility for financial aid.

Order of Return of Title IV Funds
All returns will be distributed to the student financial assistance programs in the order below with the following exceptions.  Title IV funds required to be returned by the student will not be distributed to a Federal Direct Loan Program and no returns shall be distributed to the Federal Work Study Program.

Federal Direct Unsubsidized Stafford Loan
Federal Direct Stafford Loan
Federal Perkins Loan
Federal Direct PLUS Loan
Federal PELL Grant Program
Federal SEOG Program
Other Title IV Programs
Other Federal and State Programs
Institutional or Agency Programs

If a credit balance exists after all adjustments and distributions have been made, a student may request a refund check by completing the appropriate form in the Business Office at the College.