Any student wishing to withdraw from all classes prior to the start of the term should notify the school immediately. Students who withdraw prior to or during the add/drop period will receive a full refund of tuition and fees, less the non-refundable seat deposit. Students must complete an official Change of Status form and obtain approval by an academic dean. A withdraw becomes official on the date that the Registrar receives a completed withdraw form.
After the add/drop date, refunds or credits on balances due for students who have withdrawn are based on tuition and fees only (acceptance deposits are non-refundable). If a student withdraws before completing 20% of the semester, based upon the percentage of the enrollment period the student attended before withdrawing, a 20% refund of tuition and fees may be granted due to:
- an incapacitating illness of such duration or severity, as confirmed in writing by a physician, that the completion of the semester is impossible
- student’s call to active military duty
- death of a member of the student’s immediate family (parent, spouse, child or sibling)
If a student withdraws after completing 20% of the semester, there will be no refund or credit of tuition and/or fees Under Any Circumstances.
Order of Refunds for Students with Financial Aid
Refunds due to students who are receiving Student Financial Assistance funds will be made in the following order:
- Unsubsidized Federal Stafford Loans;
- Subsidized Federal Stafford Loans;
- Other Assistance Awarded by Title IV of the HEA
- Other Federal, State, Private or Institutional Assistance
- The Student
Federal Return of Title IV Aid Policy
For students who receive federal financial aid and who withdraw (including transfers and leaves of absence) from ALL classes on or before 60% of the term has elapsed, FCSL will calculate, according to federal regulations, any amounts disbursed that must be returned to the Title IV programs.
Step 1: Determine the percentage of the enrollment period the student attended before withdrawing (days attended divided by total days in the period).
Step 2: Determine the amount of Title IV aid earned by multiplying the total Title IV aid for which the student was awarded by the percentage of time enrolled.
Step 3: Compare the amount earned to the amount disbursed. If more aid was disbursed than earned, determine the amount of Title IV aid that must be returned by subtracting the earned amount from the disbursed amount.
Step 4: Allocate the responsibility for returning unearned aid between the school and the student according to the portion of disbursed aid that could have been used to cover institutional charges and the portion that could have been disbursed directly to the student once the institutional charges were covered.
Step 5: Distribute the unearned funds back to the appropriate Title IV program.
You will be billed for any amount due to FCSL as a result of Title IV funds that were returned that would have been used to cover FCSL charges.