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    Refund 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Title IV financial aid recipients who withdraw from all classes, or who are administratively withdrawn from all classes may be required to return a portion of the financial aid they received.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.

Payment Options
Students will not be permitted to attend class unless all indebtedness to the college is either paid or assigned to a payment plan and a clearance has been received from the Business Office no later than the first day of school.
All financial accounts must be settled in full. Failure to settle accounts will prevent the student from receiving academic credit, transcript of grades or diplomas. Checks should be made payable to St. Thomas Aquinas College and mailed to
the attention of the Business Office. Payments in the form of Visa, MasterCard, American Express and Discover are also accepted. A $50.00 fee will be assessed monthly if tuition and fees are not paid by the due dates.

Payment in Full
This plan allows for a single payment covering the full cost of tuition and fees. The payment for the Fall Semester is due by the first week in August; payment for the Spring Semester is due by the first week in January.

Online Payments
You will be directed to the page for payments as part of the registration process.

Payment Plans
Tuition Management Systems, Inc., Warwick, RI 02866, administrates the College’s payment plans. If you are interested in signing up for a payment plan please call 1-800-722-4867 or go to www.afford.com.

Refund Schedule
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) Housing refunds 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

(3) Meal plans will be adjusted based on the number of weeks the student participated in the plan.

(4) All fees are non-refundable.

 

 
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St. Thomas Aquinas College
125 Route 340
Sparkill, NY 10976
845.398.4100

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