Financial Aid & Scholarships:
Refund & Return of Aid Policies
2012-2013 Academic Year
REFUND POLICY FOR TRADITIONAL, ON-CAMPUS ENROLLMENT
All students that officially withdraw from York College will be refunded tuition, mandatory fees, room and board based on the following schedule:
ON-CAMPUS RETURN OF AID POLICY
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.