Refunds / Withdrawals / Leaves of Absence
Students who need to withdraw or take a leave of absence from the School may do so for academic, discipline, personal or medical reasons. If a student who is receiving federal financial aid withdraws or takes a leave of absence from the School, they may be subject to the Federal Return of Title IV Aid Return Policy. The School adheres to the following policies and procedures to ensure proper accountability when a student leaves the School.
Students must contact the Financial Aid Office prior to leaving to understand the implications this change in status will have on their Offer of Financial Assistance.
Students seeking to withdraw from the School for any reason should contact the Student Affairs Office to begin the withdrawal process.
Non-attendance does not constitute official withdrawal. If a student who began attendance and does not officially withdraw, fails to earn a passing grade in at least one course over an entire term, or are a no-show at their Review Board, the School will assume that the student has unofficially withdrawn. Unofficial withdrawals will be determined within two weeks of the add/drop period. Federal Financial Aid recipients will have their awards reviewed and recalculated, causing a reduction in aid awarded.
Remember: Student loans will go into repayment for any student not enrolled at least half-time for more than six months.
Studio Tuition Refund Schedule
A full tuition refund, excluding nonrefundable deposits and fees, is given to students who withdraw from the School during the one week add/drop period (see Academic Calendar
). No refunds will be issued after the add/drop period.
Important note: students who drop credit hours will receive a tuition adjustment. No adjustments will be issued after the add/drop period.
There is a 100% refund for academics dropped through the last day of the academic drop period. No refunds will be issued after that date.
Housing Refund Policy
Students who live in Museum School housing, and who formally withdraw or take a leave of absence from the School, will receive a prorated refund based upon the length of occupancy only if a replacement lessee can be found and other financial obligationsto the School have been settled. The housing deposit of $450 is nonrefundable once the offer of housing has been made by the School. Students living in Museum School housing who leave the residence hall without formally withdrawing or taking a leave of absence from the School are also responsible for the full room charges for the entire lease year unless and only if, a replacement can be found. Contact the Assistant Director of Residence Life
with questions about financial obligations while in School housing.
Issuing of Refunds
A refund, when due, will be made payable to the student and mailed to the student's billing address unless the School is instructed otherwise in writing. When the deposit of a Federal Parent Plus Loan results in a credit balance the refund will be made payable to the parent and mailed to the student's billing address. The refund process takes 1014 days after the end of drop/add period.
Refunds due to Credit Balance
Refunds due to overpayment by loans and/or scholarships will not be issued until after the drop/add period. Enrollment must be verified and the School must receive all loan funds and scholarship payments. This is approximately five weeks into the semester. Students are advised to plan accordingly for all expenses.
Refunds due to Withdrawal
Refunds due to withdrawal will be issued approximately two weeks after the student's withdrawal/leave of absence form is completed and the student is withdrawn from all classes.
The date used to calculate the refund is determined as follows:
-In the case of a student who officially withdraws, the date of the withdrawal.
-In the case of a student who unofficially withdraws, the drop out date, which is the last recorded date of class attendance as, documented by the School. The Registrar's Office is responsible for determining and documenting the last day of attendance.
-In the case of a student who is expelled, the date of the expulsion.
Federal Return to Title IV Overview
The Financial Aid Office is required by federal statute to recalculate federal aid eligibility for students who withdraw, drop out, are dismissed or take a leave of absence prior to completing 60% of the semester. Recalculation is based on the percentage of earned aid using the following Federal
Return of Title IV Funds Formula
Percentage of term completed = the number of days completed up to the withdrawal date divided by the total days in the term. Note: Any break of five days or more is not counted as part of the days in the term. This percentage is also the percentage of earned aid. Funds are returned to the appropriated federal program based on the percentage of unearned aid. Aid to be returned = (100% of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the term.
If a student earned less aid than was disbursed, the School is required to return a portion of the funds that have been received by the student. Keep in mind that when Title IV funds are returned, the student may owe a balance to the School. If a student earned more aid than was disbursed, the School would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student's withdrawal.
Refunds are allocated in the following order:
Unsubsidized Federal Stafford Loans
Subsidized Federal Stafford Loans
Federal Parent (PLUS) Loans
Federal Pell Grants
Federal SEOG Grants
Distribution of Refund Policies
The Museum School's refund and repayment policies are available to students on the school's Web site. Students may receive additional information by making an appointment with a Financial Aid Administrator.
Students who request a tuition refund after the deadline, due to extraordinary and unanticipated circumstances, can appeal to the Adjudication Committee who will determine if the request is justified and notify the student of their finding. Adjudication petitions are available in the Business Office. The decision of the Adjudication Committee is final.