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Refund Policy

Federal Financial Aid

Saint Anselm College complies with the refund policies contained in the Higher Education Amendments of 1998 under which the College is required to return Title IV funds (Perkins Loans, Supplemental Educational Opportunity Grants, Pell Grants and Guaranteed Student Loans) on a per diem basis when the student withdrawals before 60% of the payment period has been completed.

State and Outside Scholarships

State aid and outside scholarships will be refunded to the appropriate agencies in accordance with their respective policies. Alternative educational loans will be returned to the lender on the same percentage basis as Tuition and Institutional Aid. A student with an alternative loan who has an outstanding balance as a result of the refund calculation may be able to retain a greater percentage of the loan than that used in the refund calculation.

Withdrawal From the College

A student desiring to withdraw from the College should consult with both the assigned academic advisor and the appropriate Dean. Students receiving financial aid should discuss the financial implications of this choice with the Office of Financial Aid and a member of the Student Financial Services team as there are often out-of-pocket costs associated with withdrawal as well as loan repayment obligations. The form for withdrawal from the College is available in the Office of the Dean of the College. It must be signed by the student and returned to the Office of the Dean of the College. The last document academically-related activity, as indicated on the College withdrawal form, will be used to calculate tuition refunds and Title IV federal aid returns when applicable. 

Contracted aid such as Athletic Scholarship, Debate Scholarship, Resident Assistant Grant, and Yearbook Grant are prorated on a per diem basis if a student ceases involvement in any one of these programs. The aid will be prorated in the semester the student ceases involvement and will be calculated from the first day of the enrollment period to the day the student stops the program.

Refunds for students who separate from the College, either through official withdrawal procedures or otherwise, will be determined as follows:

Tuition and Institutional Aid

  • Within the first two weeks of the semester: 80%
  • Within the third week of the semester: 60%
  • Within the fourth week of the semester: 40%
  • Within the fifth week of the semester: 20%
  • Beyond the fifth week: 0%

Housing

  • Within the first four-week period of the semester: 75%
  • Within the second four-week period of the semester: 50%
  • Within the third four-week period of the semester: 25%
  • beyond the twelfth week of the semester: 0%

Resident Meal Plan

  • Refunds are computed on a daily basis according to the amount remaining in the student's declining balance account.
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