University Refund Policy

Students who withdraw or take a Leave of Absence, who fail to return from an approved Leave of Absence, who are dismissed, or otherwise fail to complete the term for which they were charged, will receive a refund of University charges based on a pro rata calculation. If students withdraw during the first 60% of a term, University charges are prorated based on the percentage of the term that has elapsed. Applicable University charges may consist of tuition, administrative fees, and on campus housing. If a withdrawal takes  place after the 60% point, full University charges remain due. The refund is determined by students’ effective dates of separation. For refund information related to the Housing Cancellation Policy, please consult the University website.

Students who take a Leave of Absence during a term may apply for a McCord Scholarship by writing a letter to the Office of Financial Aid requesting consideration for this one-time award. A McCord scholarship is a partial tuition scholarship awarded to students who take a Leave of Absence from a term due to compelling personal circumstances beyond the student’s control, causing them to suffer undue financial hardships which affect their ability to pay for their education upon their return. The scholarship is used to help defray all or part of the penalty paid as a result of the withdrawal. The scholarship committee will review the details of the student’s circumstances noted in their application letter and may require further documentation before determining eligibility for the scholarship. These awards are grants-in-aid and do not have to be repaid.