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Withdrawing from ALL Classes Policy

 

If a student withdraws or is expelled from Lincoln, then the school or the student may be required to return a portion of the federal funds awarded to the student. The student may also be eligible for a refund of a portion of the tuition, fees, room and board paid to the University for the semester. If the student received financial assistance from outside of the family, then a portion of the refund will be returned to the grant, scholarship or loan source from which the assistance was received.

 

If a student will be withdrawing from classes, the student should visit the Records Office in B-4 Young Hall to begin the official withdrawal process. The procedure will enable the University to refund the maximum possible institutional charges. 

 

The University’s refund policy is as follows:

Incidental and Non-Resident Tuition Fee may be partially refunded upon withdrawal in good standing from the University. A withdrawal from the Records Office must be completed. 

The refund schedule for the academic year is as follows.  Please click here for specific dates scheduled by the Student Accounts Office.

     The fall and spring semester refund schedule is as follows:

     -During the first calendar week ........................................... ..........100% Refund

     -During the second calendar week ................................................. 50% Refund

     -During the third calendar week ..................................... ...... ......... 25% Refund

     -After three weeks ..........................................................................  NO REFUND

 

     The summer refund schedule is as follows:

     -During the first calendar week ................................................... 100% Refund

     -After one week ............................................................................. NO REFUND

 

A student withdrawing for properly-documented medical reasons before the end of the third week of classes will receive a full refund. If dropping a course(s) results in lower fees, the student may be entitled to a partial refund of Incidental Fees, Non-Resident Tuition Fees, or lab fees, based on the above refund schedule.

 

The federal formula requires a return of the Title IV aid if the student received federal financial assistance in the form of a Pell Grant, Academic Competitiveness Grant, National SMART Grant, Supplemental Educational Opportunity Grant, Federal Student Loan or PLUS loan and withdrew on or before completing 60% of the semester. The percentage of Title IV aid to be returned is equal to the number of calendar days remaining in the semester divided by the number of calendar days in the semester. Scheduled breaks of more than four consecutive days are excluded.

 

If any funds are to be returned after the return of Title IV aid, they will be used to repay state funds, other private sources, and the student in proportion to the amount received from each non-federal source as long as there was no unpaid balance at the time of withdrawal. If there was an unpaid balance, then all aid sources will be repaid before any funds are returned to the student.

 

NOTE: If funds are released to a student because of a credit balance on the student’s account, then the student may be required to repay some of the federal grant(s) if the student withdraws. The University will not repay the federal grant funds on behalf of the student. Worksheets used to determine the amount of refund or Return of Title IV aid are available upon request.