ACADEMIC STANDARDS - Massachusetts Maritime Academy

MASSACHUSETTS MARITIME ACADEMY REFUND POLICYACADEMIC YEAR 2008-20009MAPS - Maritime Academy Preparatory Seminar – No refund of MAPS fees after the first day ofclasses.Orientation 2008 – No refund of Orientation fees after the first day of Orientation.PLEASE NOTE: THERE IS NO REFUND OF ROOM AND BOARD AFTER START OF ACADEMIC TERM.Withdrawal refund policy applies to students who are dismissed during the academic termFall 2008Withdrawal before the first day of classes: full refund of tuition, fees, room and board charges.Withdrawal during first week of classes: 80% refund of tuition and fees. No refund for room & board charges.Withdrawal during second week of classes: 50% refund of tuition and fees. No refund for room & board charges.Withdrawal during third week of classes: 20% refund of tuition and fees. No refund for room & board charges.Withdrawal after third week of classes: No refund.Sea Term 2009Withdrawal before first day of Sea Term: full refund of Sea Term tuition and Sea Term board fees.Withdrawal on or after the first day Sea Term begins: No refundSpring 2009Withdrawal before the first day of classes: full refund of tuition, fees, room and board charges.Withdrawal during first week of classes: 80% refund of tuition and fees. No refund for room & board charges.Withdrawal during second week of classes: 50% refund of tuition and fees. No refund for room & board charges.Withdrawal during third week of classes: 20% refund of tuition and fees. No refund for room & board charges.Withdrawal after third week of classes: No refund.ALL WITHDRAWALS ARE ASSESSED A $100.00 ADMINISTRATIVE FEE.Consumer Information Regarding RefundsThe MMA refund policy applies to any student who officially withdraws from the Academy. A student whowishes to withdraw must complete the appropriate forms available at the Registrar’s Office. Refunds will bemade in the following order:1. To federal financial aid programs in accordance with the Federal Return of Title IV Fundsrequirement,2. To state financial aid programs in accordance with applicable state regulations,3. To individual scholarship donors in accordance with their policies,4. To the student.Students who receive any Title IV (Federal) Financial Aid including grants, scholarships, and federal loansare subject to the Federal Return of Title IV Funds requirement. The same calculation will be used todetermine the amount of institutional scholarships a withdrawn student is eligible to retain.MMA must return federal grants, scholarships and loans to the federal government based on the student’slength of enrollment. The student may retain only a pro-rated portion of the aid awarded based on thelength of the term and the student’s withdrawal date. The remainder of the student’s federal aid must bereturned by MMA to the Department of Education. If the student received a cash disbursement of federalaid, he or she may owe a repayment to the federal government.The Federal Return of Title IV requirement applies to all students who withdraw completely from theacademy, including students who do not follow the official withdrawal process. The requirement remains ineffect through the 60% point of the semester. After that point, the student is considered entitled to all aidawarded for the semester.Students who receive financial aid and withdraw may owe a repayment toMMA and/or the federal government.25