The Financial Services Office will issue a check to you for any credit balance remaining on your account after all charges have been paid and refunds have been returned. If a cash disbursement has been made before you discontinue paying for off-campus living expenses, the Office of Scholarships and Financial Aid will determine whether repayment of a portion of the cash disbursed is required. You will be notified if there has been an overpayment that needs to be repaid. Upon collection, the overpayment will be returned to the appropriate financial aid programs.
If you withdraw from the college, you are required to inform the Registrar's Office of your decision to withdraw so that written notification can be circulated to other college offices. All tuition charges will be dropped for any student withdrawing from the college during the first 10 calendar days of the semester.
Tuition charges for withdrawals from the college are refunded as follows:
|Calendar days 1-10||100%|
|Calendar days 11-24||80%|
|Calendar days 25-31||60%|
|Calendar days 32-38||40%|
|After 38 days||0%|
Calendar days begin the first day of classes.
If a student withdraws from the institution (discontinues) before completing 60% of the semester, the institution must determine the percentage of Federal Title IV assistance the student has earned. The percentage is determined by dividing the total number of calendar days in the semester into the number of calendar days completed as of the withdrawal date. Any unearned aid amount must be returned to the Federal Title IV program(s). Funds are returned in the following order: Direct Unsubsidized Loan, Direct Subsidized Loan, Perkins Loan, PLUS Loan, SEOG, Pell Grant, other Title IV programs.
The reduction in the state award is calculated on the percent of tuition and fees originally paid by the state award. This percent is applied to the revised tuition charged (based on the withdrawal date) and results in the amount of the original award a student can retain. The remaining amount is returned to the state.
For students withdrawing from the institution, the reduction in institutional aid is based on the percent of tuition and fees originally paid by the total of all Calvin awarded grants and scholarships. The percent is applied to the revised tuition charge (based on the withdrawal date) and results in a reduced amount of institutional aid.
Tuition charges for students withdrawing from summer courses will be refunded as follows:
|Class days 1-2||100%|
|Class days 3-4||50%|
|Class days 5-6||25%|
|Class days 7+||0%|