Refund & Return of Aid Policies

2008-2009 Academic Year

REFUND POLICY

All students that officially withdraw from York College will be refunded tuition, mandatory fees, room and board based on the following schedule:

1. Withdrawal on the first day of classes, August 27, 2008 or Jan 13, 2009 = 100% refund of above charges.
2. Withdrawal during the first two weeks (last day to add), September 9, 2008 or January 27, 2009 = 75% refund of above charges.
3. Withdrawal after the last day to add classes through 30 calendar days, September 25, 2008 or Feb 11, 2009 = 50% refund of above charges.
4. Withdrawal after 30 calendar days, to the 60% point in the semester, October 31, 2008 or March 26, 2009 = 25% refund of charges.
5. Withdrawal after the 60% point in the semester, through the last day of the semester, November 1, 2008 or March 27, 2009 - no refund of above charges.

• Private fees and individual class fees will not be refunded after the first day of class.

• This refund policy is also applicable to students dropping individual classes outside of the block charges.

RETURN OF AID POLICY

Aid received by outside sources, excluding payments on account, York College, and all Title IV aid programs will be returned to the sources they came from according to the following policies.

Title IV Aid Programs: All aid received in the form of Pell grants, SEOG, State Grants, Perkins Loans, Stafford Loans, PLUS Loans, Robert C. Byrd Honors Scholarships will be earned per day that a student is enrolled at York College until the 60% point in the semester. (Summer school will be calculated using the same guidelines). After the 60% point in time, all aid is considered to have been earned by the student and repayment of funds will not be calculated.

York College Programs: All aid received in the form of York College scholarships, Endowed scholarships, institutional grants will be earned per day that the student is enrolled at York College until the 60% point in the semester.  After this 60% point in time, all aid is considered to have been earned by the student and repayment of funds will not be calculated.

Outside Scholarships: Once an outside scholarship is validated and applied to a student’s account, there will be no return of the funds.

The calculation for determining amount of earned funds will be to divide the number of days a student is enrolled in classes into the number of days in the semester. (Thanksgiving break and Spring break are not counted as days attended.) Summer school will be counted individually, as sessions require.

The percentage of days will not be rounded, but used as is calculated. That percentage will be applied to each type of aid received by the student. Once the calculations are finished, the amount of unearned aid is determined per Title IV software.

Unearned aid that is determined to be returned to the government through the Title IV programs will be the responsibility of the student.