Refund Policy

Students who officially withdraw from classes will be entitled to tuition refunds on the following basis:

 

  • All miscellaneous fees are non-refundable.
  • Refunds on room and board will be prorated weekly, based upon the length of time the student has been enrolled.
  • Students can officially withdraw by completing the Official Withdrawal Form.
  • Refund Policy for Maryland Students

Return of Title IV funding Policy

If students withdraw from the College before completing 60% of the semester, federal funds may need to be returned to the U.S. Department of Education or to a student loan lender. Federal fund amounts to be returned are based on the percentage of time completed. The Office of Financial Aid uses the formula established by the U.S. Department of Education to determine the amount of funds to be returned. Veteran tuition assistance funds may also need to be returned if the student completes less than 60% of the semester. State aid awards are recalculated by NYS based on tuition charges incurred by the students. Institutional aid is forfeited if students withdraw from all courses during the refund period. Students who withdraw after the last day for a refund can keep all institutional aid already awarded. Returning funds often results in students owing a significant amount of money to Davis College. Students are responsible to pay any remaining balance after financial aid has been returned.

 

Change in Enrollment Status

If students change the number of credits enrolled in (either an increase or decrease) during the semester resulting in change to financial aid eligibility, financial aid will be recalculated up through the end of week 4 for 15 week courses or through the end of week 2 for 8 week courses. For any other length course, no recalculations will be made after the last day students are eligible to receive a partial tuition refund. After this point, no changes to the enrollment status for financial aid purposes will be made.

 

 

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