Refund Policy for Students Withdrawing from the University
Withdrawal from MVNU may affect the student’s eligibility for future financial aid. Once a student has completed the withdrawal process, the portion of student charges eligible to be refunded is based on a ratio of the number of days remaining in the term to the total number of days in the term. The withdrawal date is considered to be the earliest of [1] the last day of class attendance, [2] the last day of documented academically related activity, or [3] the date the student began the withdrawal process. A pro-rated refund is made if the student has not attended class beyond the 60% point of the term. After that, no refund is made.
The refund policy applies to tuition and the technology fee. Course fees are refundable only through the first 10 business days of the semester for fall and spring semesters. Any course expenses already expended are not included in the refund.
Housing deposits, housing refunds, and meal plan refunds will be handled as follows:
- If a student moves out of campus housing through the 60% point in the semester, the housing deposit will be forfeited, the housing refund will be prorated, and the meal plan refund will be prorated.
- If a student moves out of campus housing after the 60% point, the housing refund will be limited to the housing deposit, and the meal plan refund will be prorated based on the end of the week in which the student moves from campus housing.
Return of Title IV Funds
If a student receives financial aid funds from any aid program and subsequently withdraws from MVNU before 60% of the term has elapsed, then a percentage of those funds must be returned to the appropriate federal, state, and/or institutional program(s). The calculation used to determine the return of funds is a ratio of the number of days remaining in the term to the total number of days in the term. The student who remains enrolled and attends class through the 60% point in the term is eligible to retain 100% of federal grant and loan funds. The return of state and MVNU funds follows a similar schedule.