ROWAN UNIVERSITY POLICY 

Title:

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 University Refund Policy for Tuition, Fees, Room & Board
Subject:  Bursar                               
Policy No: FIN: 2016:07

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Issuing Authority: President
Responsible Officer: Senior Vice President for Finance and CFO
Adopted: 04/25/2016
Last Revision:

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 08/

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13/

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2024
Last Reviewed:

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 08/

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13/

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2024

I.    PURPOSE

The purpose of this policy is to set forth the proper accounting for and control of the University Refund Schedule.

II.  ACCOUNTABILITY ACCOUNTABILITY

The Office of the Bursar, the Office of the Registrar, and the Dean of Students Office of Residential Learning and University Housing are responsible for managing the refund schedule.

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This policy is applicable to all students of at Rowan University.

IV.  POLICY

1. The University Bursar and Assistant Bursar are is responsible for setting up, testing, and managing the University's University’s Fee Assessment process, which drives the assessment of all charges on the student account.
     
2. The proration of fees for both meal plans are handled manually by the Meal Plan Program Assistant in the Bursar's Office.
     The proration of fees for and room assignments are handled manually by the Director of Housing Administrative Services and Assignments under the Assistant VP for Residential Learning and University Housing.  

V.  REFUND SCHEDULE

1. Tuition and Fees
   1. Undergraduate and Graduate (non-medical student)
      
      1. Courses dropped
   Refund Schedule
   1. Part-Time students
      1. Refunds will be processed only for drops occurring on or before the last day of Drop/Add Registration .No refunds will be processed for withdrawals beyond that date.
   2. Full-Time students
      1. Refunds will be processed only for students who officially withdrawals from all courses on or before the last day of Drop/Add Registration.
      2. No refunds will be processed for withdrawals beyond that date.
   3. 1. that term will be refunded at 100% of tuition and fees for the courses dropped.
      2. No reduction of tuition and fees is granted after the drop/add period.
   4. Medical Students
      1. Rowan-Virtua School of Osteopathic Medicine
         1. Please review the "Policy of Tuition and Fees" page 34 in the Student Handbook.
      2. Cooper Medical School of Rowan University
         1. Please view the CMSRU "Refund Policy" page 249 in the Student Handbook.
      Financial Aid students
      1. Refunds of Federal Financial Aid are processed in accordance with federal guidelines:
      2. Withdrawal before end of Drop/Add Registration = 100% Refund
      Withdrawal after Drop/Add Registration = No Refund
2. Room and Board
   1. Refunds for residence halls and for meal plans other University housing will be calculated immediately following the date of the student's official withdrawal.
   2. Refunds for rooms shall be pro-rated on a weekly nightly basis until the end of the fifth week of the semester, at which point there will be no refund for the remaining weeks of the term.Refunds for
   3. Board shall be pro-rated on a weekly basis until the end of the third week of the semester, at which point there will be no refund for the remaining weeks of the term.

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1. 1. will be refunded at 100% within the first two weeks of the semester, with the exception of any usage incurred for RowanBucks and Dining Dollars. No refunds will be processed for board after the second week of the semester.