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Withdrawal and Refund Policy
The refund schedule refers to percentage refund (reduction of refundable charges).
Fall 2008
Last Day for 100% refund for withdrawl: September 10 , 2008
Last Day for 50% refund for withdrawl: October 7, 2008
Summer II 2008
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Full Summer Session II |
First 3 Week Session |
4 Week Session |
Second 3 Week Session |
| Last Day for 100% refund for withdrawal |
July 7 |
July 7 |
July 17 |
July 24 |
| Last Day for 50% refund for withdrawal |
July 17 |
July 14 |
July 24 |
July 31 |
Students charged a flat rate will receive a credit for refundable charges during 100% and 50% periods if withdrawing below 12 credits (full time). Dates and percentages are also valid for non Title IV recipients (Federal Financial Aid) taking a withdrawal from college or leave of absence from the college.
The Higher Education Re-Authorization Act of 1998 regulates the manner in which the University will process the Return of Federal Title IV funds should a student be dismissed, withdraw, take a leave of absence or stop attending while a term is in progress. The term "Title IV" refers to aid programs as authorized under the Higher Education Act of 1965 (as amended) and includes the following programs:
Federal Stafford Student Loan - Unsubsidized
Federal Stafford Student Loan - Subsidized
Federal Parent Loan for Undergraduate Study
Federal Perkins Loan
Federal Supplemental Educational Opportunity Grant
Federal Pell Grant
If a student is dismissed, withdraws or stops attending before the first day of classes, all Federal aid is returned to the appropriate program.
The Federal Return Policy requires that any unearned amounts of Title IV funds be returned to the appropriate Federal programs if the student stops attending before the 60% point of the term as measured in days. (Scheduled breaks of more than five consecutive days are excluded). This point is reached after the 66th calendar day of the fall term and after the 65th calendar day of the Spring term. This policy is applied to students who withdrew, etc. from all of their classes after the start of the term.
Students who remain enrolled through at least 60% of the payment period (semester) are considered to have earned 100% of the aid received and will not owe a repayment of Federal Title IV grant funds.
When a student has received Federal Title IV funds in excess of their eligibility, it is the students responsibility to return the unearned funds. William Paterson University policy is to return the unearned funds for the student to the appropriate programs. The Higher Education Act (484) (b)(2)(c), however, requires that only 50%, (one-half), of grant aid received be returned. The University will calculate this amount for student notification.
Unearned grant money must be returned to the appropriate aid programs in order to maintain aid eligibility for future enrollment periods. All repayments are to be made to:
U.S. DEPARTMENT OF EDUCATION
DEBT COLLECTION SERVICE
P.O. BOX 4169
GREENVILLE, TX 75403-4169
1-800-621-3115
Any Loan funds borrowed must be repaid according to the terms of the Promissory Note.
Returned Federal funds will be applied to the following programs, as appropriate, in the order listed below:
Federal Stafford Student Loan - Unsubsidized
Federal Stafford Student Loan - Subsidized
Federal Plus Loan
Federal Perkins Loan
Federal Pell Grant Federal
Supplemental Educational Opportunity Grant
Other Federal Title IV programs.
Note: Refunds are not required for the Federal Work Study Program.
If the amount disbursed to the student is less than the amount the student earned, the amount is considered to be post-withdrawal disbursement. Post- withdrawal eligibility can be used to credit outstanding charges on the student's tuition account. WPUNJ has 30 days from the date of the institution's determination that the student withdrew, to offer any amount of the post-withdrawal disbursement to the student, (or parent for PLUS loans). The student (or parent) may accept or decline some or all of the post-withdrawal disbursement that is not credited to the student's account. The student or parent must respond within 14 days of the date that the institution sends the notification to be eligible to receive the withdrawal disbursement. If the post-withdrawal disbursement is accepted WPUNJ must make payment within 90 days of the date of the institution's determination that the student withdrew. If the student (or parent) does not respond to the institution's notice, no portion of the post-withdrawal disbursement that is not credited to the student's account may be disbursed.
The Following example is provided for clarification
You attended class for the first 60 days of the Fall 110 day term and withdrew by filing a withdrawal form in the Advisement Center. This means you withdrew before the 60% point of the term and did not earn the entire amount of your Federal Aid. Your partial entitlement was 55%, 60/110. If you had received a Federal Pell Grant of $1650, $908.00 could be used to pay against your bill and the balance, or $742.00 would be subject to the 50% return rule.
The Financial Aid Office is available to discuss, in detail, how a students withdrawal effect their aid and the required return of assistance. Students are encouraged to contact the financial aid office before withdrawing or taking a leave of absence from any class to determine the affect on aid awarded.
*Note: This return Policy applies only to Federally Aided Students.
Students who withdrew /dropout/expelled or take a leave of absence from the University will have their tuition bill adjusted according to the following schedule:
- The first (1st) day of classes, through to the end of the 8th day of class, 100% refund of tuition charged.
- After the 8th day of class through to the end of 36 days of class 50% refund of tuition charged.
Once the Federal Return Policy, or Institutional Refund Policy has been used and returns distributed according to the refund schedule, state funds will be returned to the appropriate programs in the following order:
l. NJ Class Loan
2. NJ Tuition Aid Grant Program (TAG)
3. NJ Educational Opportunity Fund (EOF)
4. NJ Distinguished/Urban Scholar Program
5. NJ Garden State Scholarship
After Federal and State aid program funds have been restored, refunds will be made to any off-campus scholarship/grant programs (according to donors specifications)and/or William Paterson University Programs. Should a credit balance remain on account after this process has been completed, a pass through of funds will be made to the student.
If your account is sent to a Collection Agency, you will be responsible not only for the tuition and fees that you owe to William Paterson University, but you will also be responsible for the Collection Agency's costs plus any legal costs associated with debt.
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