Refund of Tuition, Room, and Board for withdrawals

Refund of Tuition, Room, and Board for withdrawals

Title: Refund of Tuition, Room, and Board
Procedure No: STO-55
Effective Date: 09-01-2017
Issuing Authority: Student Accounts Office
Contact: Student Accounts at tuition@stolaf.edu, 507-786-3296 or 866-640-4702
Last Updated: 7-10-2020

Purpose of Procedures:
To ensure tuition, room, and board are refunded appropriately to the student’s account in the event of a withdrawal from St. Olaf College.
Who needs to know these Procedures:
All St. Olaf College students.
Procedures:
Students must notify the Dean of Students Office regarding any withdrawal from St. Olaf. The Dean of Students Office will then contact the appropriate offices.

Fall and Spring Tuition
Room
Board
Partial Drop
Overload
Interim
Summer

 

Full Withdrawal: Tuition

Fall and Spring

If the student withdraws before the first day of class, tuition, room, and board will be refunded 100%.  A student’s deposit will be forfeited.

  • Fall deadline for 100% refund = Wednesday, August 19, 2020
  • Spring deadline for 100% refund = Sunday, February 7, 2021

If the student withdraws by the end of 10th day, tuition will be refunded 80%.   Room will not be refunded.

  • Fall deadline for 80% refund = Wednesday, September 2, 2020
  • Spring deadline for 80% refund = Friday, February 19 , 2021

If the student withdraws within two weeks after 10th day, tuition will be refunded 40%.  Room will not be refunded.

  • Fall deadline for 40% refund = Wednesday, September 16, 2020
  • Spring deadline for 40% refund = Wednesday, March 5, 2021

Full withdrawals will result in a recalculation of federal, state, and institutional aid.

 

Full Withdrawal: Room

Fall and Spring

If the student withdraws before the first day of class, room charges will be refunded 100%.

  • Fall deadline for 100% refund = Wednesday, August 19, 2020
  • Spring deadline for 100% refund = Sunday, February 7, 2021

If a student withdraws after these dates the student will not receive any refund for room.

 

Full Withdrawal: Board

Fall and Spring

If the student withdraws before the first day of class, board charges will be refunded 100%.

  • Fall deadline for 100% refund = Wednesday, August 19, 2020
  • Spring deadline for 100% refund = Sunday, February 7, 2021

If the student withdraws within the first 3 weeks of the term, board will be refunded 80%.

  • Fall deadline for 80% refund = Thursday, September 10. 2020
  • Spring deadline for 80% refund = Monday, March 01, 2021

If the student withdraws within the first 6 weeks of the term, board will be refunded 60%.

  • Fall deadline for 60% refund = Wednesday, October 01, 2020
  • Spring deadline for 60% refund = Monday, March 22, 2021

If the student withdraws within the first 9 weeks of the term, board will be refunded 40%.

  • Fall deadline for 40% refund = Wednesday, October 22, 2020
  • Spring deadline for 40% refund = Monday, April 12, 2021

If the student withdraws within the first 12 weeks of the term, board will be refunded 20%.

  • Fall deadline for 20% refund = Wednesday, November 12, 2020
  • Spring deadline for 20% refund = Monday, May 3, 2021

 

Partial Drop

If a student drops from full-time to part-time before the first day of class, they will receive a full tuition refund but will be billed the part-time rate. Student’s aid is adjusted to reflect enrollment in part-time.

If a student drops from full-time to part-time after the start of the term but before 10th date, there will be no change to tuition charges or to institutional aid, but Pell and state grant will be recalculated based on actual enrollment.

If a student drops from full-time to part-time after the 10th date, there will be no change to tuition charges or to federal, state, and institutional aid.

Overload Charges

If a student drops from Overload to full-time before the first day of class, they will receive a full overload tuition refund and will be charged the full-time rate.

If a student drops from Overload to full-time after the start of the term but before 10th date, they will receive a full overload tuition refund and will be charged the full-time rate.

If a student drops from Overload to full-time after the 10th date, there will be no change to tuition charges or to federal, state, and institutional aid.

If a student is full-time after 10th date and adds an additional credit they will be charged the overload rate even if they also drop a course, after the 10th day.

 

Interim

There is no cost to the student for tuition, housing, or board plans if they are here for one full term in addition to interim.  Thus there will be no refund if the student does not participate in interim.

 

Summer 2020 Tuition

If the student withdraws by the 4th day of class, an 80% refund will be available

  • Summer Session 1 deadline for 80% refund = June 4, 2020
  • Summer Session 2 deadline for 80% refund = July 16, 2020

 

If the student withdraws by the 8th day of class, a 40% refund will be available

  • Summer Session 1 deadline for 40% refund = June 10, 2020
  • Summer Session 2 deadline for 40% refund = July 22, 2020

 

Tuition Insurance

We’re pleased to announce we’ve partnered with GradGuard™ to offer the Tuition Insurance from Allianz Global Assistance. We believe it’s important our students and families have access to affordable protection for their major investment in higher education. Protect your education—and future—today. This coverage expands the scope of our refund policy by ensuring reimbursement for tuition, room and board and other fees for covered withdrawals at any time during the semester. Plans also include Student Life Assistance: a 24-hour emergency hotline that offers students and parents even greater peace of mind.

Enrollment must take place prior to the start of each academic term.  Visit www.gradguard.com/tuition/stolaf for more information and to enroll.