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Refund Policy

Institutional Refund Policy

(1) Through the first calendar week of the semester - 90%
(2) Within the second calendar week of the semester - 75%
(3) Within the third calendar week of the semester - 50%
(4) Within the fourth calendar week of the semester - 25%
(5) After the fourth calendar week of the semester - None

The above schedule applies to tuition, mandatory fees, and room and board rates for students voluntarily withdrawing from the College. All financial aid that does not have a mandated refund policy will also be adjusted based on the above percentages. Currently, this applies to all institutional and other non-governmental grant aid that a student receives.

Federal Refund Policy (return of Title IV funds)

Students who completely withdraw from college on or before the 60% point in the semester and receive Title IV funds are required to return the unearned portion of those funds. The amount earned is based on the period the student was in attendance based on the official withdrawal date of the student.

Students who complete 60% of the semester are entitled to keep all Title IV disbursements.

The term “Title IV Funds” refers to the following federal financial aid programs:
• Federal Family Education Loans (Subsidized and Unsubsidized)
• Federal Family Education PLUS Loans
• Federal Supplemental Educational Opportunity Grants (FSEOG)
• Federal Perkins Loan
• Federal PELL Grant

State Student Assistance Commission of Indiana (SSACI) Refund Policy
Students who completely withdraw from the College before completing the fourth week of classes are ineligible for all State of Indiana grants for the semester. State grants that have been applied to a student’s account will be reversed and the funds returned to SSACI. State of Indiana grants include the Indiana Higher Education Award, the Freedom of Choice grant, and the 21st Century Scholars Award.