Refunds
General.No refund will be made to any student who leaves during the year without executing a Notice of Withdrawal. (Cross reference with Policy 2.14: Withdrawal from the College.) All withdrawals must be recorded in writing in the Office of the Registrar and be approved by the Provost/Vice President before refund amounts are calculated.
Refunds due to Student Withdrawals. The following information relates to students who withdraw during a semester/term. Refunds for students who withdraw from all coursework within a semester/term are based on the following formula:
For Withdrawal During Fall and Spring Semesters
| |
Refund Credit
|
| 1st week: |
100% |
| 2nd week: |
75% |
| 3rd week: |
50% |
| 4th week: |
25% |
| 5th week: |
0% |
For Withdrawal During Online and Summer Terms
| |
Refund Credit
|
| Registration Day & Next Day Credit: |
100% |
| 3rd day: |
75% |
| 4th day: |
50% |
| 5th day: |
25% |
| 6th day: |
0% |
All refunds, when applicable, will be computed from the date the student officially notifies the Registrar in writing of intention to withdraw. (Cross reference with Policy 2.14: Withdrawal from the College.)
Return of Funds. Return of funds will be distributed according to federal law and regulations [CFR Section 668.22] in the following order:
- Unsubsidized Federal Direct Stafford Loans
- Subsidized Federal Direct Stafford Loans
- Federal Perkins Loan
- Federal Direct PLUS received on behalf of the student
- Pell Grant
- FSEOG Program Aid
- TEACH Grants
- Other Title IV Programs
- State sources of financial aid
- Private sources of financial aid
- Institutional sources of financial aid
- The student
No cash refunds will be made for any portion of a Blue Mountain Christian University institutional or endowed scholarship in excess of the total billed amount. Funds awarded as such will be applied to the student account only to bring the account balance to zero. (Cross reference with Policy 2.32: Student Scholarships.)
Refunds Due to a Credit Balance. When a student has a credit balance, the Business Office pays the credit balance directly to the student no later than 14 days after the credit balance appears on the student’s account. In case of a PLUS loan executed by a parent, the credit balance is paid as designated by the parent. An exception to payment of refunds is made when the College has the student’s written permission to hold credit balances on his account.
Refunds Due to Schedule Changes. Tuition and fee adjustments can only be made provided the student makes a change in his/her class schedule within the allotted adjustment period. These adjustment periods are published on the annual academic calendar. All schedule changes must be recorded in writing in the Office of the Registrar before refund amounts are calculated.
Refunds Due to Student Death. Upon knowledge of the death of a student, ALL charges for the current term will be reversed for that student. Refunds of federal or state funds will be in accordance with federal/state law and regulations. In the case of personal funds, the refund will be made to the parents, spouse, or estate of the deceased student.
Refunds Due to Vacating Student Housing. If a student vacates College-owned housing for any reason, including expulsion from the College, prior to the end of a semester, the student is responsible for the full semester room and board expenses. (Cross reference with Policy 4.14: Residential Life and Campus Housing Requirements.)