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Refund Policy
REFUND POLICIES
(Subject to Change without Notice)
Refund Policy for all Students attending the institution.Refund of institutional charges applies to any student attending the institution. A return of Title IV funds (Federal Financial Aid) is the unearned amount of institutional charges that must be returned to the SFA programs, for a student who received SFA funds and who has ceased attending school. The refund percentage is determined by dividing the number of days attended in the term by the total number of days in that term. The return of funds will be calculated through 60% of the term.
Students who drop a class or classes prior to completion of 9% of the term or period of enrollment for the class or classes shall receive a 100% refund of tuition and fees for the credit hours attributable to the class or classes dropped. There shall be no refunds for partial drops after completion of 9% of the period of enrollment. Students who totally withdraw from all classes during the term or period of enrollment shall receive a prorated refund. Any refunds provided as a result of dropped classes may be returned to Title IV aid accounts and repayment calculations may be required.
|
Percent of Enrollment Period
Completed (actual calendar days including weekends) |
Tuition and Fees Unearned |
| 0 – 8.999% | 100% |
| 9.000% - 34.999% | 75% |
| 35.000% - 59.999% | 50% |
| 60.000% - 100.000% | 0% |
|
Enrollment Period – Weeks of the Regular Term | Room and Other Charges Unearned | Board Charges Unearned |
| 1 | 95% | 95% |
| 2 | 90% | 90% |
| 3 | 80% | 80% |
| 4 | 75% | 75% |
| 5 | 70% | 70% |
| 6 | 65% | 65% |
| 7 | 60% | 60% |
| 8 | 50% | 50% |
| 9 | 45% | 45% |
| 10 | 40% | 40% |
| 11 | 0% | 30% |
| 12 | 0% | 25% |
| 13 | 0% | 20% |
| 14 | 0% | 10% |
| 15 | 0% | 5% |
| 16 | 0% | 0% |
TUITION AND FEES
Refunds will be credited to the following program in this precise order:
- Federal Unsubsidized Stafford Loan
- Federal Subsidized Staff Loan
- Federal Perkins Loan
- Federal PLUS Loan
- Federal Pell Grant
- Federal Supplemental Education Opportunity Grant
- Other Title IV Programs
FEES
Miscellaneous and special course fees will be refunded according to the tuition refund schedule above.
ROOM & BOARD
Room/board refunds are calculated on a pro-rata basis as shown in the chart above.
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Copyright ©2007 Mayville State University, 330 Third Street. NE, Mayville, ND 58257; 1-800-437-4104 ConnectND | Designated Agent, DCMA |
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