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Refunds for Students Using Financial Aid
Any scholarships, grants, and federally funded loans awarded to the student will be refunded to either the University or the agency from which the aid funds were received, according to the appropriate ratio and in compliance with federal guidelines for financial aid. Because of the complexity of government regulations regarding refunds, students may owe the University a substantial balance after all refunds to lenders are made.
Refunds for Students Using Title IV Federal Aid
Students receiving Title IV aid are subject to federal regulations administered through the U.S. Department of Education. If a student receiving Title IV aid withdraws during the semester, the university will calculate the amount of aid the student did not earn, and the unearned portion will be returned to the Title IV programs. The percentage “earned” is one of the following:
- If the day the student withdrew occurs on or before the student completed 60 percent of the payment period or period of enrollment for which assistance was awarded, the percentage earned is equal to the percentage of the payment period or period of enrollment for which assistance was awarded.
- If the day the student withdrew occurs after the student has completed 60 percent of the payment period or period of enrollment, the percentage earned is 100 percent.
The student is responsible for any charges that are unpaid as a result of the return of Title IV funds. For additional information on Title IV policy, please see the Norwich University’s Office of Finanical Aid webpage.
Policy for Return of Unearned Tuition Assistance (TA) Funds
If a student stops attending classes before the date in the term when 60% of tuition charges have been earned according to the University’s tuition refund policy, and TA funds were provided for classes to which the student stopped attending, then the University will return any unearned TA funds to the government proportionally to the corresponding reduction in tuition charges.