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Title: University Refund Policy for Tuition, Fees, Room & Board
Subject: Bursar
Policy No: FIN: 2016:08
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: 7 10/16/2018
Last Reviewed: 7 10/16/2018
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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- The Director for Business Affairs & Bursar, Bursar and the Assistant Bursar are responsible for setting up, testing, and managing the University's Fee Assessment process, which drives the assessment of all charges on the student account.
- The proration of fees for meal plans are handled manually by the Meal Plan Program Assistant in the Bursar's Office.
- The proration of fees for room assignments are handled manually by the Director of Housing Administrative Services and Assignments under the Assistant VP for Residential Learning and University Housing.
- The Office of the Registrar determines and publishes the Academic Calendar, including the registration schedule and dates for the Drop/Add period.
- REFUND SCHEDULE
- Tuition and Fees
- Courses dropped
- 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.
- Full-Time students
- Refunds will be processed only for students who officially withdrawals from all courses on or before the last day of Drop/Add Registration.
- No refunds will be processed for withdrawals beyond that date.
- Financial Aid students
- Refunds of Federal Financial Aid are processed in accordance with federal guidelines:
- Withdrawal before end of Drop/Add Registration = 100% Refund
- Withdrawal after Drop/Add Registration = No Refund
- Refunds of Federal Financial Aid are processed in accordance with federal guidelines:
- 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 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 weekly 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 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.
- Refunds for residence halls and for meal plans will be calculated immediately following the date of the student's official withdrawal.
- Tuition and Fees
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