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Effective beginning Spring 2002, any student who
completely withdraws from the University and is a recipient of Federal
Title IV Financial Aid is subject to the following policy regarding
refund and repayment of those funds:
The amount of federal Title IV financial aid earned is based on the
percentage of the semester completed.
This is calculated by dividing the number of days the student
attended classes by the number of days in the semester.
Any student who withdraws on or before the 60% point in the semester
will have to return or repay unearned federal Title IV financial aid
funds. A student who withdraws after the 60% point of the semester is
considered to have earned 100% of their aid and will not have to return
funds to the federal Title IV financial aid programs.
A student’s withdrawal date is determined by John Carroll University
to be:
-
the
date the student began the withdrawal process or notified the school
of the intent to withdraw.
Any student wishing to completely withdraw from the University must
do so by contacting the appropriate Dean’s office.
-
the
midpoint of the semester if the student fails to officially notify
the college of the withdrawal
-
the
student’s last date of attendance at a documented academically
related activity.
Funds
will be returned to the programs in the order specified by federal
guidelines.
A
repayment to the federal Title IV financial aid programs may be required
by the student when cash has already been disbursed to the student from
financial aid funds in excess of the amount of aid earned during the
term.
The student may receive a post-withdrawal disbursement if less aid, for
which the student was initially eligible, was actually disbursed then
was earned. The Office of
Financial Aid will notify the student within 30 days of notification of
withdrawal that these funds are available.
The student must request these late disbursements in writing to
the Office of Financial Aid.
Institutional
and state aid refunds will be calculated according to the John Carroll
University refund policy as posted in the official Schedule of Classes
each semester and in Undergraduate and Graduate Bulletins.
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PLEASE NOTE:
This policy is independent of the percentage of
tuition charged through John Carroll’s refund policy.***
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