Withdrawals
and refunds
Students withdrawing from all classes
during a semester may be subject to refund policies.
Federal Title
IV Student Financial Aid
Federal regulations mandate
the formula for calculating the amount of federal aid a student
and school may retain when a student withdraws from all classes during
a semester. In general, a student “earns” federal financial
aid in proportion to the number of days in the semester the student
has attended. The school must calculate the portion of the total financial
assistance that the student has earned and is entitled to retain. If
a student receives (or the college receives on the student’s
behalf) more assistance than the student earns, the unearned funds
must be returned to the applicable federal aid program. Students
who initiate a complete withdrawal and have not completed the federal
verification process will be ineligible to receive any Title IV financial
aid.
This policy applies to all students
who completely withdraw, drop out or are expelled from Hope College
and receive financial aid from Title IV funds:
Federal Title IV Student Financial Aid
consists of:
A student’s withdrawal date is:
- The date the student began the
withdrawal process.
- The midpoint of the period of enrollment
for a student who leaves without notifying the College.
- The student’s last date of
attendance at a documented academically related activity.
Prorated adjustments on all institutional
charges, including tuition & fees, are
calculated using the College Refund Policy.
Title IV aid is earned on a prorated
basis up to and including the 60% point in the semester. After the
60% time of attendance is reached, Title IV aid is viewed as 100%
earned.
Unearned Title IV aid shall be returned
to the loan programs before grant programs.
Adjusted statements are sent to the
student’s permanent address on file. Students are responsible
for any remaining portion of their institutional charges after Title
IV funds are returned. Resulting credit balances are paid to the
student within 14 days after the adjustments are posted.
Students
who are making a complete withdrawal during a semester must complete
a Withdrawal Form (obtained at the Office of the Registrar).
State of Michigan Aid
If a student withdraws and is eligible for a full tuition refund, the Michigan
Competitive Scholarship or Tuition Grant award must be cancelled. If the
student is eligible for a partial refund, his/her award will be reduced
based on the percent of the tuition and activity fee originally paid by
the scholarship/grant award. The Michigan Merit Award (MEAP) disbursed
for the semester in which the student withdraws will not be returned to
the state. Instead, the amount disbursed for the semester in question will
first be used to pay institutional charges.
Hope College Grants, Scholarships & Outside
Scholarships
A student will retain a percentage of all other financial aid based on the
percentage of tuition retained.
More information on withdrawals
and refunds is available in the Hope College Catalog.
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