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(Effective End of Fall 2009) Disbursements Withdrawing & Refund Policies Frequently Asked Questions Student Information Privacy Policy (FERPA) Helpful Links/Outside Scholarship Info Contact Us

 

STCC Financial Aid - Withdrawing and Refund Policies

Financial Aid Withdrawal Policy- The amount of your financial aid award is based on attending the entire semester.  If you stop attending classes, you may not be eligible for all the aid you were awarded.  This may result in a bill owed to STCC.  The college will calculate the amount of aid you are entitled to receive up to the date you stopped attending based on federal and state regulations (refund calculation).

If you withdraw from school, you must fill out a college withdrawal form available in the Registrar’s Office.  Please indicate your last date of attendance on the form.  This is the date the financial aid refund calculation is based on.

STCC does not have an attendance policy.  However, the institution does monitor attendance to see if you unofficially stopped attending classes.  After mid-semester and final grades are available, the Financial Aid Office will review them to determine if you stopped attending.  A letter is sent to your professor to determine your last date of attendance.  If the last date of attendance cannot be determined, the refund calculation will be based on 50%.

Students who withdraw from classes beyond the 60% point in the semester will have earned 100% of their financial aid.

After the refund calculation is processed, the student will receive written notification of their new revised award amounts.  It is the student’s responsibility to pay any outstanding debt owed to the institution.  A hold will be placed on the student’s account and they will not be allowed to register for classes until their outstanding bill is paid.

Student Account Refund Policy- Tuition refunds are made only to those students who officially withdraw from the College.  In order to do this a student must complete a withdrawal form, which is available from the Registrar’s Office.  The College will, thereupon, refund a portion of the student’s tuition and fees according to the following schedule:

• Withdrawal during the 1st week of classes                        100% (tuition and fees)
• Withdrawal during the 2nd week of classes                        75% (tuition & Gen. Ed fee only)
• Withdrawal during the 3rd week of classes                        50%
• Withdrawal after the 3rd week of classes                           No refund
• All refunds take approximately six (6) weeks.

For more information on refunds, please contact Student Accounts at (413) 755-4696.