Refund Policy For Students Receiving Student Financial Assistance

(Title IV Funds)

Woodbury University complies with the Higher Education Amendments of 1998, Public Law 105- 244, for students who completely withdraw from the University. Accordingly, refunds, if applicable, will be calculated based upon the federal refund methodology. Calculated refunds to Federal Title IV programs are based on the amount of aid unearned at the time of withdrawal and have no relationship to students incurred institutional charges for the same period. Consequently, financial aid refunds and tuition charged can represent two independent sources of debt students may incur.

Financial aid refunds are calculated on a per diem basis (days attended at time of withdrawal) for withdrawals up through 60% of each semester. After 60% of the semester has elapsed, there is no refund calculation for federal aid programs. Non-institutional charges and non-refundable fees are excluded from the refund calculation. Calculated refunds are returned to the appropriate aid programs.

Note: Discuss the impact of withdrawal from courses with your financial aid counselor before withdrawing to avoid owing repayment to federal aid programs (if you have received more aid than earned for the payment period), or owing money to the University for tuition not covered by aid as a result of a refund.

Students withdrawing from the University must follow the procedures for official withdrawal from courses as indicated in this handbook (see “Withdrawal from Courses”). It is the student’s responsibility to indicate the last date of attendance. In the event a student does not comply with the procedures for withdrawal, the last date of attendance will be the later of the withdrawal date recorded by the registrar or the date recorded by the Office of Residence Life. Students completely withdrawing from the University will be assessed a $100 administrative fee.