Tuition Refunds
Refunds
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.
Refund Schedule
Always refer to the official academic calendar for detailed refund schedule. This refund schedule applies to each full-length term'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. A refund schedule for courses of shorter duration is available from the Registrar. Fees and deposits are non-refundable.
Important Note: Partial refunds that are returned to a credit/debit card will be processed 30 days after the initial payment. This typically applies to Graduate Non-Degree and Science Pre-requisite students.
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 the fifth week - 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 [1] under the "Financial Aid Policies" section for more information concerning effects of withdrawal or leave of absence on financial aid received.
