Financial Implications of Withdrawing from the University
General University policy for refund/credit of tuition for registered students who wish to withdraw from the University is based on prorated charges keyed to the date of actual withdrawal after the end of the add-drop period:
- 1 week: 80%
- 2 weeks: 60%
- 3 weeks: 40%
- 4 weeks: 20%
- more than 4 weeks: none
These charges apply to students who leave to attend another college or university, who leave because of financial conditions, family or personal reasons, or as the result of University community standards sanctions. Adjustments will be made only if the official withdrawal forms are properly filed in timely fashion by the student and processed by the University. Fees remain payable. During Summer Session, no refunds are made after the second class, and no prorated refund/credit for withdrawal is granted.
If a student withdraws because of prolonged illness, the account will be rendered strictly according to the percentage ratio of the total number of days elapsed during the student’s attendance to the total calendar days of the semester.
A “prolonged illness” is one that must be attested to by a doctor’s certificate to the effect that the illness is or was of such a nature as to require the student’s absence for a period of three consecutive weeks.
If a student has made only partial payment of tuition and fees and the prorated charges exceed the partial payment, the additional amount is due and payable at the time of withdrawal. Students will not receive clearance from the University until all financial obligations have been met. Any refund that is necessary as a result of withdrawal from the University will be made only by mail.
Students who withdraw from the University for any reason, including medical, personal emergencies or dismissal are still responsible for meeting their prorated tuition obligations as indicated above. Financial aid will also be impacted by your withdrawal. Often, your full financial aid has been applied to your account at the beginning of your semester, so if you withdraw your aid will also be prorated. This means your aid will be reduced from the full amount and this will often result in an additional balance. In the case of loan funds that have already been disbursed, this may require a repayment of funds. Tuition and financial aid adjustments are determined by your last date of attendance. It is important to note that the last date of attendance is verified with faculty and is not taken directly from the withdrawal forms completed by the student.
University Need-based Grants and Scholarships
Like all other aid, University funds will also be prorated and reduced according to the percentage of your attendance. University aid is only renewable for eight semesters, this remains the case even if the student receives only a prorated award for the withdrawal term. This is also the case with funds from the State of NJ which also have an eight semester limit.
Title IV Federal Financial Aid
Students receiving Title IV federal financial aid, who terminate enrollment or stop attending all classes during a term for which payment has been received before completing more than 60 percent of the enrollment period, are subject to specific federal regulations. The amount of Title IV aid that a student must repay is determined via the Federal Formula for Return of Title IV funds as specified in Section 484B of the Higher Education Act. This law also specified the order of return of the Title IV funds to the programs from which they were awarded.
Please see the Withdrawing from the University page for an overview of the University’s withdrawal policy.
May 14, 2019