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Campus and Residential Life - Briar Cliff University

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time of withdrawal. State aid is adjusted based on the percentage of refund applicable atthe time of withdrawal.If a student is required to repay a portion of his/her loan through the student’s sharecalculation, he/she will not be expected to return those funds immediately, but rather whenrepayment begins according to the terms <strong>and</strong> conditions of the promissory note. If thestudent share includes grant funds, federal rules allow the grant portion be reduced by50%. A satisfactory payment arrangement can be made with <strong>Briar</strong> <strong>Cliff</strong> <strong>University</strong>.If a student stops attending classes in any given semester without official notification,he/she will be considered “unofficially” withdrawn. An example would be a student whoreceives only failing grades for a semester. The withdrawal date for a student whounofficially withdraws will be the midpoint of the period of enrollment or the lastdocumented day of academically related activity, whichever is later. No refund will begranted for withdrawals that occur after 60% of the enrollment period has passed. Ifstudents without government aid unofficially withdraw, no adjustments will be made.Institutional & State Aid Refund PolicyThe Return of Title IV aid calculation, as cited above, only considers federal funds. If astudent officially withdraws prior to completing 60% of the semester, institutional <strong>and</strong> StateAid will be refunded based on the percentage of the semester that has not been completed.After the 60% point of the semester, no refund will be granted nor will financial aid bereduced. The portion of the semester completed is based on calendar days from the firstday of the semester through the last scheduled day of finals, including weekends <strong>and</strong> breaksof less than five days.If a student withdraws during the first week of the semester <strong>and</strong> receives a 100% tuitionrefund on all courses, all funding must be returned to the appropriate aid programs.To officially withdraw, a student must complete a Withdrawal Form, which can be obtainedin the Registrar’s Office.19

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