Organizational Policy and Resource Guide

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Financial Services
Accounts Receivable

  Tuition/Room/Board Fees
General Student Billing Information
Method of Payment
Room and Board Policy
Payment Plan Options
Late Payment Policy
Tuition Insurance
Tuition Refund Policy
  Requesting a Student Account Refund
Miscellaneous Student Account Charges
Student Insurance
Graduate School Policy
  Non-Traditional Student Policy  
A/R Collection Policy  
  IRS 1098 - T Reporting  
  Paycheck Distribution  
  Miscellaneous Department Deposits  
  Petty Cash Reimbursement  
  Federal Perkins Loan Program  
  Records Retention  
  Appendices (Forms)  
       
       
     

Accounts Receivable

Withdrawal from the University/Tuition Refund Policy

Traditional Undergraduate Student:

A student withdrawing from Bryant must contact the Undergraduate Advising Office and complete a voluntary withdrawal form in order for his/her withdrawal to be official. When leaving the University, students are required to remove all personal property. At the time of the withdrawal/dismissal, the University-leased laptop must be returned. Any damage outlined in the laptop contract will be automatically charged to a student’s account.

Tuition refunds will be calculated as follows:

If written notification is received by Academic Records/Undergraduate Advising Office by the:

1st week of classes: 80 percent

2nd week of classes: 60 percent

3rd week of classes: 40 percent

4th week of classes: 20 percent

After 4th week of classes: No Refund

Room: No Refund (charged by semester)

Board: Refund is pro-rated (based on days used)

Non-traditional students are also required to officially withdraw from any classes that they may be enrolled in through the Undergraduate Advising Office. The refund rules above will apply when determining a tuition refund.

Students dismissed academically at the end of the first semester are entitled to a refund of all tuition and room and board fees that have been paid for subsequent semesters.

Return of Title IV Federal Financial Aid:

Regulatory guidelines associated with the return of Title IV federal funds require institutions participating in federal student aid programs to utilize very specific measures in effecting financial aid adjustments for students who withdraw from the University. The policy governing the Return of Title IV Federal Financial Aid applies to all federal grant and loan programs: PELL, SEOG, Direct Loans, Stafford Loans, Perkins Loans, and PLUS loans. It does not include the Federal Work-study Program.

In general, a student earns federal financial aid awards (which have been approved and verified) in proportion to the number of days completed in the term prior to the student’s complete withdrawal. The portion of the federal grants and loans that the student is entitled to receive is calculated on a percentage basis by comparing the total numbers of days that the student completed before he/she withdrew. For example: If a student completes 30 percent of the semester, he/she earns 30 percent of the approved federal aid that he/she was originally scheduled to receive for the term.

This policy determines the earned and unearned portions of a student’s Title IV Federal Financial Aid only. It does not affect the student’s charges. Bryant University’s withdrawal policy stated above makes that determination.

 
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