ROWAN UNIVERSITY POLICY
Title: University Refund Policy for Tuition, Fees, Room & Board
Subject: Bursar
Policy No: FIN: 2016:07
Applies: 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: 11/02/2018
Last Reviewed: 11/02/2018
I. PURPOSE
The purpose of this policy is to set forth the proper accounting for and control of the University Refund Schedule.
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- Tuition and Fees
- Courses dropped on or before the last day of Drop/Add Registration for that term will be refunded at 100% of tuition and fees for the courses dropped.
- No reduction of tuition and fees is granted after the drop/add period.
- Room and Board
- Refunds for residence halls and for meal plans will be calculated immediately following the date of the student's official withdrawal.
- Refunds for rooms shall be pro-rated on a daily 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 Board shall be pro-rated on a daily 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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