Academic Catalog - The University of Akron : Wayne College

24Admissions and RegistrationAmount of Refund — CreditThe amount of refund for credit courses is to be determinedin accordance with the following regulations and subject tocourse instructor/adviser signature requirements contained in — If the University cancels the course;— If the University does not permit the student toenroll or continue except for disciplinary reasons.No refund will be granted to a student dismissedor suspended for disciplinary reasons;— If the student dies before or during the term, isdrafted into military service by the United States, iscalled to active duty, or if the student enlisted in theNational Guard or Reserves prior to the beginningof the term. Notice of induction or orders to activeduty is required if the student is called to activeduty. A student who enlists voluntarily for activeduty should see “In part” below. following refund percentages apply:15-week course (104 days)RefundBefore course begins to day 7 (Up to 6.731%) 100%Day 8-14 (Up to 13.432%) 70%Day 15-21 (Up to 20.193%) 50%Day 22-28 (Up to 26.924%) 30%Day 29-35 (Up to 33.655%) 20%Day 36 or after (Greater than 33.655%) 0%RULES FOR REFUND OF FINANCIAL AIDRefund/Repayment Policy — Students ReceivingFinancial AidIf you withdraw from some but not all of your courses, youraid could be affected as follows:Scholarships Concerns: Scholarships have credit hourrequirements. If you drop below the required hours, the refundmay be repaid to the scholarship.The Pell Grant will be adjusted for anychange in enrollment that occurs on or prior to the 15th dayof the semester. Pell will also adjust for any class withdrawnfrom that has not yet begun. Dropping below half-time could place yourloan into its grace period or repayment. In addition, it couldaffect student loans currently being disbursed. For example,if your loan is for two semesters, the second semester portionmay be cancelled, reduced or returned. “F” grades), you are subject to the:Refund/Repayment Policy(Return of Title IV Refund Policy)This policy is used to determine the amount of federal studentaid that must be returned to the appropriate aid programs andshould not be confused with the published University refundpolicy. This policy applies when a student withdraws from allRefunds for course sections are based on class length. Thecourses that have not been scheduled consistent with thestandard 15-week fall/spring/summer semester will also behandled on a prorated basis according to the number of days compared to the number of days said section has beenscheduled to meet. If a drop occurs on class day, it is countedas a day attended for refund purposes. Please see cashierfor additional information if class session is not a standard15-week course.Days are measured in actual days, not business days. Allrefund calculations are determined by class length percentage,not by class meetings attended or class meetings percentage.including the beginning and ending dates of any given term/session (including weekend days and holidays).unless proof is submitted that circumstances beyond control ofwill be determined as of the date of said circumstances. TheRefunds will be mailed as soon as possible. Refund checksare subject to deduction for any amount owed to The UniversityThe refund/repayment policy is a proration of earned versusdetermined by taking the days attended in the period by totaldays in the period. (Example: the student withdraws on the5th day of a semester that has 110 days in its period, 5/110 =5 percent earned.) Subtracting earned aid from aid that wasawarded and disbursed gives you the amount of unearned aidthat must be returned. The responsibility to repay unearned aidis shared by the institution and the student and is in proportionto the aid each is assumed to possess. The student may bebilled from The University of Akron for any account balancecreated when the college is required to return funds. Thebalance due would be the result of tuition charges that areno longer being covered by the unearned aid or unearnedaid that the student received in an excess aid check. Underthe refund/repayment policy, the programs are reimbursed inthe following order: Unsubsidized Stafford Loan, SubsidizedStafford Loan, Federal Perkins Loan, PLUS Loan, Federal PellGrant, Federal Supplemental Educational Opportunity Grant,and LEAP funded programs.Depending on the situation, withdrawal dates are determinedin one of the following ways: University Registrar. college. coursework. all "F" grades), it is the midpoint of the period of academicenrollment or last date of documented academicattendance or coursework. repay all student aid funds received.Once students have attended past the 60 percent point of theearned.