The Federal Government requires that the College of Saint Elizabeth determine a student's earned and unearned Federal Aid (Title IV Funds) based on the date that the student withdrew or ceased to attend. This must be based on the number of days that the student spent attending class. A pro-rata schedule is used to determine the amount of Federal Student Aid (Title IV) funds earned at the time of withdrawal.
The College of Saint Elizabeth refunds the actual percentage of unearned aid to the Federal Government which could result in a student's account having an outstanding Student Employment Introduction balance. If this occurs, no official transcripts will be issued by the college. After completing the 60% point in the period of enrollment, a student has earned 100% of the Federal Student Aid funds awarded for that period and all Federal Student Aid (Title IV Funds) will remain on the student's account.
When a student drops a course or withdraws from the College, a tuition adjustment is made based on the policies described in the current online academic catalog.
If a student is receiving financial aid under the college, federal, state and other programs, including private bank loans, the amount of the aid may be reduced in accordance with applicable college and state guidelines. Please contact the Financial Aid office to receive information on any possible reduction of aid in the event of a change in the number of courses taken or a withdrawal.
Refunds are distributed in the following order:
To determine the amount of aid the student has earned up to the time of withdrawal, the College will divide the portion of the semester completed by the total number of days in the semester. The portion of the semester completed is determined by the number of calendar days from the first day of the semester through the date of official withdrawal, usually the last day of attendance. The total number of days in the semester is determined by the number of calendar days from the first day of the semester through the last scheduled day of finals, including weekends and breaks of less than five days.
The resulting percentage is then multiplied by the total federal and/or state funds (excluding Federal Work Study and any College awards that were disbursed or could have been disbursed to the student's account. This calculation determines the amount of aid earned by the student which may be kept (for example, if the student attended 25% of the term, the student will have earned 25% of the aid disbursed). The unearned amount (total aid that was disbursed or could have been disbursed less the earned amount) must be returned to the federal and/or state government by the College.
The College reserves the right to adjust any institutional aid awarded.
For further information regarding adjustments of financial aid, please see the current online academic catalog.
By registering for classes, a student has entered a legal and binding contract to pay all tuition, fees and housing charges with the College of Saint Elizabeth. Non-attendance of classes does not constitute an automatic withdrawal. A formal withdrawal application must be submitted and approved through the Registrar's Office immediately following the student's decision to cease attendance at the College.
Code number assigned to every school by the United States Department of Education. The College of Saint Elizabeth's federal code is 002600.
The College reserves the right to change established fees and services, to add additional fees and services and to determine the effective date of such changes without prior notice.