to download the 2012-2013 Student - Methodist University

Contractual Scholarship are credited before October 15 and March 15. MTA is also credited beforeOctober 15 and March 15, except for evening students, for whom it is credited at the end of each term.Pell Grants, Perkins Loans, Institutional Aid, Outside Scholarships, other aid—These forms of aid arecredited to the student’s account after the drop/add period is over if this aid has been awarded and allpaperwork has been processed and approved. Otherwise, it is credited after processing.Processing of ChargesNo refunds can be issued until all charges are posted to all accounts.Tuition –Charges for classes are assessed after all drop/adds are processed.This is complete approximately two weeks after the drop/add period is over.Room and Meals—Charges for room and meals are not completed until all room occupants are verified.This occurs approximately three weeks after the start of classes.Books and Supplies Charged on a Book slip—Actual book charges are assessed against the studentaccounts approximately one week after the drop/add period is over. This allows the student sufficienttime to charge books and supplies.Other Charges—Charges for residence hall dues, damage deposits, golf and tennis lab fees, entertainmentfees, applied music lessons, late registration fees, and other fees are charged within three to fourweeks of the start of classes.Processing of RefundsThe Business Office processes refunds on a first-come, first-serve basis.Refund ListThe Business Office establishes refund lists to schedule student refunds. After the students have confirmedthat they have a credit balance with the Business Office, they may request to be put on a refund list. Thelists are started no earlier than three weeks after the start of classes, and continue throughout the semester.Students will be given an identification number and the date when their refund will be available for pickup once they are put on a refund list.Calculating the RefundThe Business Office requires approximately one week to issue a refund check after a student is put ona refund list. This allows time for analyzing and verifying all charges and credits, determining eligibilityfor loans and grants, calculating multiple refunds, and scheduling multiple checks for disbursement.Pick-up ChecksRefund checks are available for pick up after 3:00 p.m. on the scheduled date. Please have a valid studentI.D. card, driver’s license, or a picture I.D. available for positive identification. Checks not picked up withintwo weeks of issuance will be mailed. The following dates are the earliest dates available for refunds:The earliest scheduled pick-up dates for Fall 2012 are:September 13, 2012 Evening Students/Term ISeptember 13, 2012 Day StudentsNovember 15, 2012 Evening Students/Term IIThe earliest scheduled pick-up dates for Spring 2013 are:January 31, 2013 Evening Students/Term IJanuary 31, 2013 Day StudentsApril 4, 2013 Evening Students/Term IIThe earliest scheduled pick-up dates for Summer 2013 are:May 30, 2013 Evening StudentsMay 30, 2013 Day Students/Term IJune 27, 2013 Day Students/Term IIJuly 25, 2013 Day Students/Term IIIRefund Checks are available for scheduled students on Tuesdays and Thursdays after 3:00 p.m.Students that drop classes and fall below twelve semester hours will be subject to partial or fullloss of their financial aid.Refund/Repayment Policy on Withdrawals from UniversityEffective August 1, 2000, Methodist University adopted the provisions of the Higher Education Amendmentsof 1998 for calculating the return of unearned Title IV funds. If a student withdraws from theUniversity and is receiving federal Title IV funds, a federal refund calculation is performed.27