Tulane University: Financial Information
2008-2009 Academic Year
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Veterans Administration Office. Certification procedures are similar to the
process for veterans. Students should direct questions to the Office of the
University Registrar.
RETURN OF FINANCIAL AID WHEN A STUDENT WITHDRAWS
The University's policy on refunds applies to all withdrawals, regardless of the
reason for withdrawal.
When a recipient of federal financial aid funds withdraws from the university
during a period of enrollment (i.e. semester) in which the recipient began
attendance, the institution must determine the amount of federal loan or grant
assistance that the student earned as of the student's withdrawal date.
The percentage of aid that has been earned by the student is equal to the
percentage of the semester that the student completed as of the student's
withdrawal date. If this date occurs after the completion of 60 percent of the
semester, the student is considered to have earned 100 percent of the federal grant
and/or loan assistance for the semester. Please note that in cases where a student
ceases attendance without providing official notification to the university of his or
her withdrawal from the university, the institution must consider the midpoint of
the semester as the official date of withdrawal. The student must contact the
Newcomb-Tulane College Dean's office to provide official notification of intent
to withdraw.
If the total amount of federal grant or loan assistance, or both, that the student
earned is less than the amount of federal grant or loan assistance that was
disbursed to the student or on behalf of the student in the case of a PLUS loan, the
difference between these amounts must be returned to the federal aid programs.
The amounts of unearned federal aid must be returned regardless of whether the
student is eligible to receive a refund of a portion of university fees, such as
tuition, fees, or room and board fees. The amount to be returned to the federal
student financial aid accounts will be returned to the programs from which the
student received aid up to the amount of aid disbursed in the following priority
order: Unsubsidized Federal Stafford loans, Subsidized Federal Stafford loans,
Federal Perkins Loan, Federal PLUS loans received on behalf of the student,
Federal Pell Grants, Federal SEOG grants, and LEAP grants.
If the total amount of federal grant or loan assistance, or both, that the student
earned and completed an application for is greater than the total amount of federal
grant and loan assistance that was disbursed to the student or on behalf of the
student, as of the date of the institution's determination that the student withdrew,
the difference between these amounts must be treated as a post-withdrawal
disbursement. If federal loan funds are used to credit a post withdrawal
disbursement, the university must provide the student, or parent in the case of a
PLUS loan, the opportunity to cancel all or a portion of the post-withdrawal
disbursement. The university has 30 days to provide this notice to the student or
parent. The student or parent must respond to the notice within 14 days of the date