ROWAN UNIVERSITY POLICY 

Title:

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

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Undergraduate and Graduate Students (Non-Medical) at Rowan University       
Issuing Authority: President
Responsible Officer: Senior Vice President for Finance and CFO
Adopted: 04/25/2016
Last Revision:

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 10/

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19/

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2022
Last Reviewed:

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 10/

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19/

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2022

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 undergraduate and graduate (non-medical) students 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. Courses dropped Part-Time studentsRefunds 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. that term will be refunded at 100% of tuition and fees for the courses dropped.
   4. No reduction of tuition and fees is granted after the drop/add period.Financial Aid studentsRefunds of Federal Financial Aid are processed in accordance with federal guidelines:
   5. 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.