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Refunds and Withdrawals
To qualify for a refund, a student must formally withdraw or be granted
an emergency leave of absence from the College by the Dean of Students
(see Leave of Absence). A student
withdrawing or on an approved leave of absence from Cornell, after having been approved by the Dean of
Students, may be allowed a tuition credit. If a student withdraws or is given an approved leave of absence from the College after the first three (3) days of the term, the student is charged for the entire term. The exit date will be the last day of attendance for a withdraw or the day a student initiates the leave of absence process.
Cornell College Refund and Repayment Policy
Cornell College has adopted a Refund
and Repayment Policy that conforms to Section
668.22 of the Higher Education Amendments of 1988.
A student who withdraws before 60% of the semester, but after the third day of the term, will pay tuition for the entire term. A student who withdraws after 60% of the semester will pay tuition for the entire semester. A student will receive financial assistance based on the percentage of the semester he/she attended class up to 60% of the semester. After 60% of the semester, the student receives no refund. Examples of the application of the Repayment Policy are available upon request at the Financial Assistance Office.
For refund purposes, a semester is defined here as Terms 1-4
(September-December) and Terms 5-8 (January-April). Semesters consist of
16 weeks each. 60% of the fall semester is completed on the second Friday of Term 3 (November 5, 2004). 60% of the spring semester is completed on the second Friday of Term 7 (March 11, 2005).
If funds have been released to the student because of a credit balance
on the student's account at Cornell College, the student may be required
to repay some or all of the federal, state, or institutional aid released
to the student.
Refunds follow the federally mandated refund hierarchy as follows:
Unsubsidized Stafford Loan, Subsidized Stafford Loan, Perkins Loan, PLUS
Loan, Federal Pell Grant, Federal SEOG, other Title IV assistance, other
federal assistance, state-funded assistance, Cornell College financial
assistance, other assistance, and the student.
A non-refundable enrollment deposit is paid when a student is admitted
and decides to attend Cornell. Once a student enrolls, the College
retains the deposit until graduation or until the student officially
withdraws from the College. At the time of graduation or withdrawal
during the academic year, the deposit, less any amount owed to the
College, is refunded to the student. An enrolled student, who finishes
the academic year but chooses not to return the following fall, must
notify the Dean of Students Office by the first Wednesday of term 8, or the deposit will be
forfeited.
Full settlement of accounts is due before an academic transcript will be released.
This policy is subject to federal regulations administered by the
Department of Education. Contact the Financial Assistance Office for
details and to learn of any changes to this policy. Changes in
enrollment status from full-time to part-time will affect your financial
assistance; financial assistance is proportional to institutional
charges. Please contact the Financial Assistance Office to discuss
individual circumstances.
Residence, Dining, and Activity Fee
Residence refunds are calculated based upon the
date that the student checks out with the Residence Life staff and the
room is vacated. Percentages of residence charges refunded are as follows:
| During the |
|
Percentage of |
|---|
| Following Weeks |
|
Residence Charges |
|---|
| of the Semester |
|
Refunded
|
|---|
| Through the third |
|
|
| day of class |
|
100% |
| 1-2 |
|
50 |
| 3-4 |
|
40 |
| 5-6 |
|
30 |
| 7-8 |
|
20 |
| 9 or greater |
|
0 |
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Dining charges will be refunded on a pro-rated basis
from the Monday following the date the student checks out with the
Residence Life staff. After the semester begins, there is no refund of
the Student Activity Fee.
Those students on a deferred payment plan may have additional payments
to make. The College reserves the right to exclude, at any time,
students whose conduct makes them undesirable members of the Cornell
community.
A student whose account is credited with more funds than are owed to
Cornell will receive a check for the amount of the credit balance, once
the check has been requested from the Business Office. Refunds are not
available until the term begins.
Meal Refunds for Approved Off-Campus Courses
The College will refund a portion of the amount charged for meals in a
particular term to any student who completes a Cornell-sponsored
off-campus internship, field course, independent or Special Study, etc.,
provided that the student (1) petitions for this refund through the
Registrar's Office at least seven class days before the start of the
off-campus course, and (2) does not eat any meals on campus (except
those for which the student pays directly) during the three and one-half
weeks of the term. Students may begin taking meals again Wednesday evening
of the fourth week. A student who obtains a meal at Cornell without
paying for it during the period for which he or she is requesting a
refund will be charged for the full term and will forfeit the refund. The off-campus program requires the student to be away from campus during the time meals are served.
For short field trips, box meals can be obtained from the College Food
Service if the instructor notifies the Director of Food
Service in writing at least four days in advance. Students with special
schedules should consult the Food Service Director for possible
assistance in arranging their meals.
Please confer with the appropriate faculty member for policies related
to off-campus charges, meal refunds, etc., (also available from the
Business or Registrar's Office).
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