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 Financial Aid 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 University 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 the dates below, the student will not receive a tuition or fee credit.
- Aug. 28, 2024 (Fall semester)
- Jan. 08, 2025 (Spring semester)
- May 7, 2025 (Summer semester)
Calculation of Refundable Amounts for Day Program:
The table below is based on accounts paid in FULL and full withdrawal from the University:
Tuition, board and the Institute for Achievement & Learning | Refund % | Fall |
Prior to the first day of Block A: | 100 % | Aug. 24, 2024 |
By drop/add block A/Block B: | 75 % | Aug. 28, 2024 |
By start of Block B: | 50 % | Sep. 22, 2024 |
By drop/add block C (if number of credits taken is 9 or more then 0%) | 20% | Oct. 23, 2024 |
After drop/add Block C | 0% |
Tuition, board and the Institute for Achievement & Learning | Refund % | Spring |
Prior to the first day of Block A: | 100 % | Jan. 4, 2025 |
By drop/add block A/Block B: | 75 % | Jan. 8, 2025 |
By start of Block B: | 50 % | Feb 2, 2025 |
By drop/add block C (if number of credits taken is 9 or more then 0%) | 20 % | Mar. 12, 2025 |
After drop/add Block C | 0% |
Room Charges | Refund % |
Prior to Aug. 01, 2024 for Fall 2024 | 100 % |
Prior to Dec. 1, 2024 for Spring 2025 | 100 % |
After the above dates | No Refund |
Refund Amounts:
The refund amount will be reduced by any financial aid that is cancelled due to the withdrawal. Refund checks will be mailed to the permanent home address on file within four to six weeks of the withdrawal date. Any remaining balance due after the refund adjustment is the obligation of the parent/student.
Calculation of Refundable Amounts for Summer Day Terms:
Tuition and board | Refund % | Date |
Prior to the first day of class (dropping of classes) | 100 % | May 3, 2025 |
During the first and second day of classes (dropping of classes; last day of drop/add) | 75 % | May 5, 2025 |
During the second day of classes (course withdrawals) | 50% | May 6, 2025 |
During the third day classes (course withdrawals) | 25% | May 7, 2025 |
After the fourth day of classes (course withdrawals) | No Refund | May 8, 2025 |
Room Charges:
Prior to May 01, 2025: 100%
After above date: NO REFUND for room charges
Withdrawal and refund of aid to financial aid accounts (Day, Online, Graduate Programs):
Return of Title IV Funds Policy (R2T4)
Title IV funds affected by this policy include: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Direct Subsidized Loan, Federal Direct Unsubsidized Loan, Federal Direct PLUS Loan, Federal Direct Graduate PLUS Loan and TEACH Grant. Title IV funds are awarded to a student under the assumption the student will attend school for the entire period for which the assistance is awarded. When a student withdraws or stops attending all of his or her classes for a two week period, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.
The university is required to calculate a “Return to Title IV Refund Calculation” (R2T4) if the student has stopped attending or withdrawn prior to completion of 60 percent of the term.
If Title IV financial aid has been used to pay for all or any portion of these charges, 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.
A student is eligible for a post-withdrawal disbursement if the R2T4 calculation shows that the student was eligible for aid that the school was unable to disburse prior to their withdrawal. To be eligible for a post-withdrawal disbursement, the university must have received a valid FAFSA with an official EFC prior to the student’s withdraw date. The university must notify the student that they are eligible for a post-withdrawal disbursement within 30 days from the date of determination that the student withdrew. The disbursement must be completed within 180 days of the withdraw date. Title IV grant funds must be disbursed before Title IV loan funds. Title IV grant funds have to be disbursed no later than 45 days after the date the student withdrew. The university can disburse Title IV grant funds without the student’s permission for current charges but written authorization from the student is required if the post-withdrawal disbursement is for non-current charges or if the funds to be disbursed are Title IV loans.
When a return of unearned Title IV funds is required, the university must return the lesser of:
- the student’s institutional charges multiplied by the unearned percentage, or
- the entire amount of excess funds.
The order of refunds will be:
- Federal Direct Unsubsidized Loan
- Federal Direct Subsidized Loan
- Federal Direct PLUS Loan
- Federal Direct Grad PLUS Loan
- Federal Pell Grant
- Federal SEOG
- Federal TEACH Grant
- Other Title IV aid programs
The university is required to return unearned Title IV funds within 45 days of the date the university determined the student withdrew.
R2T4 requirements are separate from Lynn University’s refund policy. Therefore, this policy may result in a financial obligation that is payable to the university at the time of a student’s withdrawal or when the school determines the student has stopped attending classes.
Example: Student received a Direct Subsidized Loan for $1,732, a Direct Unsubsidized Loan for $990 and a Direct Parent PLUS for $18,152 during the fall semester. Student attended almost four weeks into the semester and then withdrew from all of their classes for personal reasons. Based on the student’s last day of attendance, the R2T4 calculation determines that the student attended for 26 days and earned 26.5 percent of their federal student aid for the payment period. The student is eligible for $5,532 of the aid that was disbursed (26.5% x $20,874) and the school is required to return the difference of $15,342: $1,732 Direct Subsidized Loan, $990 Direct Unsubsidized Loan and $12,620 Direct Parent PLUS Loan. The student will owe this amount to the university as charges would not be adjusted after 25 days into the semester, per the schools refund policy.
Withdrawal
Withdrawal from the university is a formal procedure that requires submission of a Request for Withdrawal form available in the Office of the Student Success located in the Schmidt Building. If the student received or was eligible for federal student aid, an R2T4 calculation is required if the student did not complete at least 60 percent of the period of enrollment. For official withdrawals, the university will use the date the student submitted the completed Request for Withdrawal as the date the student withdrew.
If a student stops attending all of their registered courses for a period of two weeks, and we are not able to confirm that the students intends on resuming their courses in the foreseeable future, an R2T4 calculation will be done to determine if a student earned all of the federal student aid that they received or were eligible for during the period of enrollment. The student will not be officially withdrawn from their courses. For unofficial withdrawals, the university will use the student’s last date of attendance as an academically related activity as the withdrawal date.
All students withdrawing must report to the Office of Financial Aid for an exit loan interview.
If a student withdraws anytime during a semester, ALL Lynn University grants and scholarship funds will be pro-rated based on the amount of weeks they actually attended the University. This policy may result in a student having a financial obligation to the University which is payable at the time of a student’s withdrawal.
Calculation of Refundable Amounts for Online and Graduate Programs:
When withdrawal is made prior to the start of the term, the refund is 100 percent.
When withdrawal is made through the first week of the term, the refund is 90 percent. No refunds are granted after the first full week of classes.
Important Academic Dates:
