Requesting a Refund
Should a student have an excess of funds remaining on their student account after tuition and all other expenses are paid, they may be eligible to apply for a refund. Links to initiate the refund process are found below.
Refund Request - Under 24 years of age
Refund Request - Over 24 years of age
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How do I get my credit balance refunded to me? Complete the Refund Request Form online. How will I receive my credit balance refund? You must set up your bank ACH information on mylynn at least 5 days before you submit the Refund Request Form. How often must I update my ACH bank information? You need to enter your bank information onto myLynn only once. If you change bank accounts, you should update your ACH information immediately and no later than 5 days before your next refund request. Do I have to complete a new Refund Request form each time that I want a refund? Yes, you must complete a new form each time you request a refund as a current date is required on the form. When will I receive my credit balance refund? Refunds are processed after the term has begun and after the drop/add period. When will my financial aid create a student credit balance? Financial aid is disbursed after the drop/add date and after attendance in each class is reported by the faculty. Does my parent have to sign the Refund Request Form? A parent signature is required for any student less than 24 years old. The student must add the parent email address in the Refund request form so the form can be routed to that parent for an electronic approval. Which parent is required to sign the Refund Request Form? The parent that took out the PLUS (Parental Loan) must be the parent to electronically sign the form. If there is no PLUS loan, then either parent can electronically sign the form. Do I have to list a reason for the Refund request? Yes, Lynn is required to keep on file the reason for the refund. Typical reasons to list are: overpayment, room + board expenses, course supplies, etc. When will I receive my credit balance refund if I miss the deadline to submit the Refund Request Form? The refund will be processed by 14 days from the date of submission of the Refund Request Form. If I am an international student, how much am I allowed to request from my credit balance refund? To comply with the Financial Record Keeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 533 et seq.), you ae only eligible to receive up to the amount of estimated books, room and board costs for the current term. |
Refund Policy
If student decides to withdraw from Lynn University, a properly filed Request for Withdrawal form establishes the date to which the university refund schedule applies. It is the student responsibility to submit a refund request in writing to the Office of Student Financial Services before a refund is issued. Refunds are calculated on the basis of total semester charges payable, after deductions for non-refundable deposits and other non-refundable charges such as lab, service and technology fees.
If the student has been awarded financial aid and withdraws prior to completing 60 percent of the term, and if Title IV financial aid has been used to pay all or any portion of the charges, the financial aid program funds will be reimbursed to the appropriate agency in accordance with a formula required by federal regulations.
Unearned Title IV funds will be returned to the Title IV Programs based on the number of days not attended. The order of refunds will be: Federal Direct Unsubsidized Loan, Federal Direct Subsidized Loan, Federal Direct PLUS Loan, Federal Pell Grant, Federal SEOG and other Title IV aid programs. If student withdraws anytime during a semester, all Lynn University grants and scholarship funds will be pro-rated. This may result in a financial obligation to the university which is payable when student withdraws.
Lynn will reduce the refund amount by any financial aid that is canceled due to the withdrawal and will mail refund checks to the permanent address on file within four to six weeks of the withdrawal date. Student will continue to be obligated for any balance that is still due after the refund of aid adjustment. By the dates listed below, student will be billed for the remainder of the semester. Any courses added subsequently will be assessed at the full rate. Drops will not be permitted after these dates for that term but student may choose to withdraw from the course. If student drops a class after these dates, students will not receive a tuition or fee credit.
Aug. 23, 2023 (Fall semester)
Jan. 10, 2024 (Spring semester)
May 6, 2024 (Summer semester)