{"id":1085,"date":"2020-10-15T20:29:12","date_gmt":"2020-10-15T20:29:12","guid":{"rendered":"http:\/\/developmenttwo.marymount.edu\/admissions\/?page_id=1085"},"modified":"2023-06-07T13:46:24","modified_gmt":"2023-06-07T17:46:24","slug":"refund-policy","status":"publish","type":"page","link":"https:\/\/marymount.edu\/admissions\/student-accounts\/refund-policy\/","title":{"rendered":"Refund Policy"},"content":{"rendered":"

Financial Aid Disbursement Period<\/strong><\/h3>\n

All student financial aid will disburse only after the Add\/Drop Enrollment period to ensure eligibility.\u00a0 \u00a0This disbursement policy impacts when federal aid is disbursed and refunded to students. For additional information on this update, please click here<\/a>.<\/p>\n

Refunds for Federal Aid will be processed within 14 business days of disbursement per the Department of Education guidance.\u00a0 Refunds for all other aid will be processed within 14 business days of disbursement upon review of eligibility.<\/p>\n

BankMobile Refund Program<\/strong><\/h3>\n

Our school delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc.\u00a0 Please visit the following link<\/a> for more information and to request your personal code to make your refund selection.<\/p>\n

\n
\n
When it comes to deciding how to get your money, you deserve choices. Your choices include:<\/h5>\n<\/div>\n<\/div>\n
DEPOSIT TO AN EXISTING ACCOUNT \u2013 Money is transferred to an existing account the same business day we receive funds from your school. Typically, it takes 1 \u2013 2 business days for the receiving bank to credit the money to your account.<\/div>\n
<\/div>\n
\n
\n
DEPOSIT TO A BANKMOBILE VIBE CHECKING ACCOUNT \u2013\u00a0If you open a BankMobile Vibe Checking Account (upon identity verification), money is deposited the same business day we receive funds from your school.<\/div>\n
<\/div>\n<\/div>\n
To view our third-party servicer contract for refund management, click <\/i>here<\/i><\/a>.<\/div>\n<\/div>\n

Less than Intended<\/h3>\n

If a student is enrolled in\u00a0LESS THAN INTENDED<\/strong> the number of credits his\/her award was based on, they must contact the Financial Aid Office to have their award updated. Otherwise, their aid will not post to their account until after Attendance Confirmation has been completed.<\/p>\n

Summer Financial Aid Awards<\/h3>\n

Federal Aid will not post to a student\u2019s account until they are\u00a0actually attending at least 6 credit hours<\/b>. If you do not meet the 6 credit minimum before Summer Session II begins, your federal aid will not post until after Attendance Confirmation is completed for all summer sessions; therefore you do not qualify for an early refund. If you are anticipating a refund to cover any external expenses and are not eligible for the Early Refund, please plan accordingly as funds will not be available until after the Attendance Confirmation period has been completed.<\/p>\n

Credit for Tuition and Fees<\/h3>\n

To be eligible to receive credit for tuition and fees of dropped or withdrawn courses,\u00a0\u00a0students must officially drop\/withdraw within the\u00a0Course Drop Refund Schedule.<\/strong>\u00a0Credit for tuition and fees will be calculated based on the actual withdrawal or separation date.<\/p>\n\n\n\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Fall 2022<\/strong><\/span>
\nCourse-Drop Refund Schedule
\nCredit for dropped courses will be calculated based on the actual drop\/withdrawal date<\/td>\n<\/tr>\n
08\/29\/2022 \u2013 09\/06\/2022\u00a0 \u00a0 \u00a0 \u00a0 100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
09\/07\/2022 \u2013 09\/12\/2022\u00a0 \u00a0 \u00a0 \u00a0 75% credit for tuition charges only<\/td>\n<\/tr>\n
09\/13\/2022 \u2013 09\/19\/2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a050% credit for tuition charges only<\/td>\n<\/tr>\n
\u00a0After 09\/19\/2022\u00a0 \u00a0 \u00a0 \u00a00% for tuition and fees
\nFor weekend and concentrated courses, see the catalog for the drop policy.<\/td>\n<\/tr>\n
Mini-Mester Fall 2022<\/strong>
\nCourse-Drop Refund Schedule
\nCredit for dropped courses will be calculated based on the actual drop\/withdrawal date<\/td>\n<\/tr>\n
First Mini-Mester Session<\/strong>
\n08\/29\/2022 – 09\/02\/2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
Second Mini-Mester Session<\/strong>
\n10\/24\/2022 – 10\/28\/2022\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
For additional information regarding the Mini-mester, please click here<\/a>.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Spring 2023<\/strong><\/span>
\nCourse-Drop Refund Schedule
\nCredit for dropped courses will be calculated based on the actual drop\/withdrawal date<\/td>\n<\/tr>\n
01\/17\/2023 \u2013 01\/24\/2023\u00a0 \u00a0 \u00a0 \u00a0 100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
01\/25\/2023 \u2013 01\/31\/2023\u00a0 \u00a0 \u00a0 \u00a0 \u00a075% credit for tuition charges only<\/td>\n<\/tr>\n
02\/01\/2023 \u2013 02\/07\/2023\u00a0 \u00a0 \u00a0 \u00a0 50% credit for tuition charges only<\/td>\n<\/tr>\n
\u00a0After 02\/01\/2022\u00a0 \u00a0 \u00a0 \u00a00% for tuition and fees
\nFor weekend and concentrated courses, see the catalog for the drop policy.<\/td>\n<\/tr>\n
Mini-Mester Spring 2023<\/strong>
\nCourse-Drop Refund Schedule
\nCredit for dropped courses will be calculated based on the actual drop\/withdrawal date<\/td>\n<\/tr>\n
First Mini-Mester Session<\/strong>
\n01\/17\/2023 – 01\/21\/2023\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
Second Mini-Mester Session<\/strong>
\n03\/20\/2023 – 03\/24\/2023\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
For additional information regarding the Mini-mester, please click here<\/a>.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n
\n

Summer 2023<\/b><\/span><\/h2>\n
\u00a0 Course-Drop Refund Schedule
\nCredit for dropped courses will be calculated based on the actual drop\/withdrawal date<\/div>\n<\/td>\n<\/tr>\n

Summer Session I and III\u00a0 05\/22\/2023 \u2013 05\/26\/2023
\n100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
Summer Session III 05\/27\/2023 \u2013 06\/01\/2023
\n75% credit for tuition charges only<\/td>\n<\/tr>\n
Summer Session III 06\/02\/23 \u2013 06\/05\/2023
\n50% credit for tuition charges only<\/td>\n<\/tr>\n
\u00a0Summer Session III\u00a0\u00a0\u00a0\u00a0After 06\/05\/2023
\n0% for tuition and fees
\nFor weekend and concentrated courses, see the catalog for the drop policy.<\/td>\n<\/tr>\n
Summer Session II 07\/05\/2023 \u2013 07\/09\/2023
\n100% credit for tuition and course fee charges<\/td>\n<\/tr>\n
Summer Session II\u00a0\u00a0\u00a0\u00a0After 07\/09\/2023
\n0% for tuition and fees
\nFor weekend and concentrated courses, see the catalog for the drop policy.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Course Drop Refund Periods<\/h2>\n

Fall\/Spring Semesters<\/h3>\n\n\n\n\n\n\n\n
Timeline<\/th>\nCredit<\/th>\nType of Credit<\/th>\n<\/tr>\n
By end of week 1<\/td>\n100%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
By end of week 2<\/td>\n75%<\/td>\nTuition only<\/td>\n<\/tr>\n
By end of week 3<\/td>\n50%<\/td>\nTuition only<\/td>\n<\/tr>\n
After week 3<\/td>\n0%<\/td>\n0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Fall\/Spring\u00a0Mini-Mester Semesters<\/h3>\n\n\n\n\n\n
Timeline<\/th>\nCredit<\/th>\nType of Credit<\/th>\n<\/tr>\n
By end of week 1<\/td>\n100%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
After week 1<\/td>\n0%<\/td>\n0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summer Semesters<\/h3>\n\n\n\n\n\n\n\n\n\n
Timeline<\/th>\nCredit<\/th>\nType of Credit<\/th>\n<\/tr>\n
SS I: From the 1st day of class through the 5th day after class begins<\/td>\n100%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
SS II: From the 1st day of class through the 5th day after class begins<\/td>\n100%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
SS III: From the 1st day of class through the 5th day after class begins<\/td>\n100%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
SS III: \u00a0From the 6th day of class through the 11th day after class begins<\/td>\n75%<\/td>\nTuition only<\/td>\n<\/tr>\n
SS III: From the 12th day of class through the 15th day after class begins<\/td>\n50%<\/td>\nTuition only<\/td>\n<\/tr>\n
SS III: \u00a0After the 15th day of class<\/td>\n0%<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Weekend and Concentrated\u00a0Courses<\/h3>\n\n\n\n\n\n\n
Timeline<\/th>\nCredit<\/th>\nType of Credit<\/th>\n<\/tr>\n
Within 31 days before class begins<\/td>\n100%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
30 days before class begins through the first day of class<\/td>\n75%<\/td>\nTuition and Fees<\/td>\n<\/tr>\n
First day of class and thereafter<\/td>\n0%<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Weekend and Concentrated Courses<\/h3>\n

Students are eligible for 100% credit for tuition and fee charges if the class is dropped at least 31 days before the class begins. A 75 percent credit for tuition and fee charges will be given if the class is dropped within 30 days of the start of the class. No credit for tuition and fee charges will be given once classes have begun.<\/p>\n

Class\/University Withdrawal Policy<\/h3>\n

In order to receive credit for tuition and fee charges in accordance with the advertised refund\/withdrawal period, a student must officially withdraw from a class, even if someone other than the student registered him or her for the class. Failure to do so will constitute a financial obligation to the University because classroom seats reserved during registration continue to be held for a student until he or she officially withdraws from the class. Stopping payment on a tuition check or credit card authorization or not attending a class does not constitute an official withdrawal from class.<\/p>\n

A student who received financial aid should check with the Financial Aid Office before withdrawing from any classes. Federal financial aid recipient refunds will be determined based on the federal pro-rata refund regulations. Information and examples of federal pro-rata refunds are available in the Financial Aid Office.<\/strong><\/em><\/p>\n

Withdrawal after the Course Drop Refund Period<\/h3>\n

A student who withdraws from one or all classes after the Course Drop Refund Period does not qualify for a refund. An exception to this policy may be made in extraordinary circumstances such as an illness or medical emergency that qualifies the student for medical leave.<\/p>\n

If a student moves out of the residence halls before the end of the semester, credit for room and board will be calculated as outlined in the resident contract for that semester. Meal plans will be adjusted appropriately based on the specific circumstances of the student\u2019s departure. Appeals of any charges must be submitted in writing to the Office of Campus and Residential Services during the semester the student departs the residence halls.<\/p>\n

Credit for Commuter Meal Plan Charges<\/h3>\n

If a student requests a commuter meal plan and then decides not to use that plan, no credit will be given for its cost. Commuter meal plans expire at the end of the semester.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Aid Disbursement Period All student financial aid will disburse only after the Add\/Drop Enrollment period to ensure eligibility.\u00a0 \u00a0This disbursement policy impacts when federal aid is disbursed and refunded to students. For additional information on this update, please click here. Refunds for Federal Aid will be processed within 14 business days of disbursement per […]<\/p>\n

Read More…<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":1044,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"page-templates\/left-sidebarpage.php","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","ngg_post_thumbnail":0,"footnotes":""},"acf":[],"yoast_head":"\nRefund Policy - Marymount University<\/title>\n<meta name=\"description\" content=\"Per Federal Regulations, Marymount University updated their course attendance confirmation policy and procedures at the beginning of the Spring 2019 semester.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marymount.edu\/admissions\/student-accounts\/refund-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Refund Policy\" \/>\n<meta property=\"og:description\" content=\"Per Federal Regulations, Marymount University updated their course attendance confirmation policy and procedures at the beginning of the Spring 2019 semester.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/marymount.edu\/admissions\/student-accounts\/refund-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"Admissions - 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