Union Theological Seminary Financial Aid
 

Financial Aid

Withdrawal and Adjustment of Fees


A student intending to withdraw is still financially responsible to the school, and is considered registered until the date on which written notice of withdrawal is received by the Registrar.  Special fees, the student activity fee, and the health insurance fees are not refundable at any time.  However, tuition charges may be partially refundable as follows:

    • A student withdrawing before classes will be refunded 100 percent of the tuition paid to the Seminary, minus a withdrawal fee of $50
    • A student withdrawing after classes have begun may withdraw and, after deduction of the withdrawal fee, will be refunded partial tuition in accordance with the following pro rata schedule:

If withdrawal occurs:

    • In the 1st week of classes, 90 % of the remaining tuition will be refunded
    • In the 2nd week of classes, 80% of the remaining tuition will be refunded
    • In the 3rd week of classes, 70% of the remaining tuition will be refunded
    • In the 4th week of classes, 60% of the remaining tuition will be refunded
    • In the 5th or 6th week of classes, 50% of the remaining tuition will be refunded
    • In the 7th week of classes, 40% of the remaining tuition will be refunded.
    • After the 7th week of classes, no refunds will be made.  In addition, the refund schedule applies to on-campus housing charges.

The amount actually refunded will likely be reduced by the amount of grants or loans provided by the Seminary or other sources.  Federal regulations require that any Title IV aid that is in excess of expenses (as calculated by federal guidelines) is to be repaid to the funding agency.  The Seminary’s refund policy complies with federal regulations and New York State law.  Any calculated over-award will be returned to the appropriate aid programs in the following order:

    • Federal Direct Loans
    • Federal Perkins Loans
    • Union grants, scholarships, and fellowships
    • Union Loans

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