All refunds resulting from an overage of federal loans are made via direct deposit within 10 business days of the loan disbursement date. Please ensure your bank account information is correctly entered into your IOnline account for proper processing of your refund.
TO ENTER YOUR BANK INFORMATION:
Go to IOnline, Main Menu. Under Financial Information select Bank Information. Enter the routing and account number where you want the refund to be deposited.
Always refer to the official academic calendar for detailed refund schedule. This refund schedule applies to courses beginning within the 1st five weeks of a semester's tuition and is determined by the student's signature and the date of receipt of the appropriate form in the Office of the Registrar or determined by the Institute, such as the last day of attendance. For course modules beginning after the 5th week of classes, refunds are granted during week one of the module only. After week one of a course module beginning after the 5th week of classes, no refunds are allowed. Fees and deposits are non-refundable.
Below is the refund schedule for courses beginning anytime within the 1st 5 weeks of a semester:
Week one of a semester - 100%
Week two of a semester - 80%
Week three of a semester - 60%
Week four of a semester - 40%
Week five of a semester - 20%
After week five - NO REFUNDS
Return of Title IV Funds (Federal Stafford Student Loans)
A formula defined by the federal government determines how much, if any, of federal aid is refunded when a student withdraws. See the Financial Aid Federal Refund Policy section for more information concerning effects of withdrawal or leave of absence on financial aid received.
Tuition Refund Insurance
Recognizing the substantial investment of an education at the MGH Institute, we have concern for the student who suffers a serious illness or accident and has to leave the Institute for that reason before the term is completed. In many instances it means not only the loss of time invested in studies, but also the loss of the charges paid for the term.
With this in mind, the Institute has made arrangements to provide a Tuition Refund Plan (TRP) for all currently active degree/certificate students, which is designed to minimize the risk of financial loss for students and their families if a covered illness or accident were to occur. Please note that students are automatically enrolled in this insurance program, unless they complete the waiver using their IOnline account. The Plan provides coverage for tuition paid to the Institute. A.W.G. Dewar, Inc. offers this program at a current cost of $78 per semester for the 2022-2023 academic year.
This plan significantly extends and enhances the Institute's regular refund policy. You are assured by A.W.G. Dewar of up to a 75% refund on tuition paid throughout the term, even after the Institute’s refund policy has expired, for withdrawals due to medical and mental health reasons.
Also, please note that the Plan is being made available by the Institute solely as a service to students. The Institute does not receive any compensation for the Tuition Refund Plan. All premium payments are collected by the Institute and remitted to A.W.G. Dewar, Inc. The Institute automatically enrolls all degree/certificate students, subject to waiver in individual cases, in order to be able to arrange provision of this service at a reasonable premium for those who wish to participate.
NOTE: Students are automatically enrolled in the plan and the premium will be billed on each individual semester bill. To waive this coverage, you will have until the end of the 2nd week of the official start date of each semester to do so. The waiver can be found using your IOnline account. In the left sidebar, you will see an option for “User Options”. Click on that and then on “Required Agreements”. Here you will be able to make your decision to waive or accept coverage.. Read the information carefully, and if you do decide to opt out of the plan, click the box on this page. This will remove the charge from your semester bill and you will not be enrolled in the plan. If you are currently covered and wish to opt out, follow the same procedure listed above.
IMPORTANT NOTE: Waivers submitted after the stated deadline for each semester will not be honored and students will be enrolled in and charged for the plan.
Download the Tuition Insurance Brochure for information about the plan.