Withdrawal and RefundsShould you, for whatever reason, withdraw from Concordia during a semester or summer term, a refund of tuition and room and board, if applicable, is calculated. The amount of refund is determined by how much of the term has elapsed. If you are a recipient of financial assistance, that assistance will be reduced as a result of withdrawal.
Federal legislation determines the amount of refund for recipients of federal Title IV student assistance. It is the purpose of this section to inform students of the financial implications of withdrawal. If you are the recipient of federal Title IV student assistance, and withdraw from school on or before the 60-percent point in the term, then a percentage of Title IV federal financial aid shall be returned by the school and possibly by you. The amount of Title IV aid to be returned is equal to the total Title IV aid disbursed for the term multiplied by the percentage of the term not attended.
Any refund amount must then be applied first to the federal aid programs in the following prescribed order:
1. Federal Unsubsidized Stafford Loan
2. Federal Subsidized Stafford Loan
3. Federal Perkins Loan
4. Federal PLUS Loan
5. Other federal Title IV aid programs
Any remaining refund will then be returned to other institutional, state or private student assistance that has been received. Any refund in excess of student aid will be returned to you only after account balances in the Business Office have been paid. Specific examples of refund calculations are available upon request from the Financial Aid Office.
In the event the financial aid exceeds the direct costs in the Business Office and you receive a cash credit balance, withdrawal will result in repayment of a portion of that credit balance. The portion to be repaid is determined by multiplying the cash payment by remaining weeks in the semester divided by total weeks in the semester.
Refunds for Reduced Load
If you find it necessary to drop a course during the semester, obtain a drop-add form from the Office of the Registrar. The completed form must be submitted by the deadlines on the academic calendar. Tuition refunds through the seventh week of the semester will be granted effective on the date the drop-add form is returned to the Office of the Registrar. Dropping below full-time status may have an impact on the financial aid received.
Any questions or problems related to refunds should be directed to the controller in the Business Office.
In order to receive any credit balance, complete settlement of your bill must be made. Financial Aid Loans are the primary source of financial aid to graduate students.