Refund Policy

1  The amount of tuition refund will be based on the official withdrawal date, not attendance. The official withdrawal date is the date the formal withdrawal notice is approved by the student’s advisor, as determined by records maintained in the Registrar’s Office. If the student does not formally withdraw, the withdrawal date will be the midpoint of the semester. The withdrawal date may be determined to be after the midpoint of the semester if the student has attended an academically-related activity after the midpoint of the semester. The refund time periods commence with the first day of classes according to the academic calendar and not the beginning date of individual courses.

Course Completion Refund Rate
0 - 10% 100%
10.01 - 25% 50%
25.01 - 100% 0%
 
2.  Rooms are rented for the semester.  Student circumstances will be considered to determine if a refund is warranted upon breaking the rental contract.
3.  Refund of board will be computed from the beginning of the second week after withdrawal.
4.  Advance room deposits are not refunded. 
5.  Advance tuition deposits are not refunded. 
6.  Course and other fees are not refunded. 
7.  Tuition is refunded in full for workshops that have been dropped at least three business days prior to the date of the workshop.  There are no refunds for withdrawals past that date or for not attending.


FEDERAL (TITLE IV AID) REFUND POLICY
Federal regulations require the use of the Return of Title IV Funds Policy to be used for all students receiving any type of federal aid when calculating the aid a student can retain after withdrawing. This policy relates to Federal Pell and FSEOG Grants, as well as Federal Perkins, Federal Direct Stafford and Federal Direct PLUS loans. The same policy will be used for State and institutional aid.

Title IV regulations govern the return of aid disbursed for a student who completely withdraws from a term or semester. During the first 60% of the term or semester, a student "earns" aid in direct proportion to the length of time the student remains enrolled. A student who remains enrolled beyond the 60% point earns all aid for that period.

The Financial Aid & Consumer Information Handbook contains information about USM’s financial aid programs and policies. It also includes consumer information required by the U.S. Department of Education. It is available online at www.stmary.edu/Admissions/Financial-Aid.