Spring 2013 Refund of Tuition

Law School and Medical School students should consult their Dean's Office for their School's policy on refunds.

Upon receipt of withdrawal applications (complete withdrawals must be processed through the Center for University Advisement for undergraduate students and Graduate Admissions for graduate students.) through February 3, 2013, the University will refund all tuition in excess of the amounts listed in the table below.
A student, who wishes to withdraw from all of their classes for a semester, may withdraw via the portal at my.hofstra.edu. Go to the Hofstra Online tab and select "Academic Leave/Withdraw from the University." In addition, undergraduate students may contact the Office of University Advisement at (516) 463-6770 and graduate students may contact the Office of Graduate Admissions at (516) 463-4732 for assistance in processing the withdrawal.

Tuition Refund Schedule

**All tuition-related fees (i.e., university, technology, and activity) are non-refundable throughout the entire semester**

Federal Title IV Refund Information

Students receiving Federal Title IV funds who, officially or unofficially, withdraw completely from the University will have their Federal Title IV awards and loans refunded to the federal programs based upon the number of days in attendance. For any student who attends more than 60% of the semester, no Title IV funds will be refunded to the federal program and then will become the liability of the student.

** No Federal Title IV Refund will occur for students who withdraw on or after Monday, April 8, 2013**

Students will still be liable for the cost of their Tuition and Fees based on Hofstra University's refund schedule, regardless on the amount of Federal Title IV funds that have to be refunded to the federal programs.

Refund Distribution (prescribed by Federal Law And Regulations). There is a specifically mandated order in which Title IV refunds must be distributed back to the federal programs. The list below outlines the order in which federal programs are refunded:

1. Federal Direct Unsubsidized Loan
2. Federal Direct Subsidized Loan
3. Federal Perkins Loan
4. Federal Direct Graduate PLUS Loan
5. Federal Direct PLUS Loan
6. Federal Pell Grant
7. Federal SEOG Grant
8. Federal TEACH Grant
9. Iraq and Afghanistan Service Grant
10. Other Title IV Aid Programs
11. The Student

Example: (dollar amounts are for illustrative purposes only):

• Facts:
  1. The student is a continuing undergraduate student in his third academic year
  2. The student withdraws on February 22, 2013
  3. The student was charged $6,000 for tuition and fees for Spring 2013. Federal Loans and grants awarded and applied to the student's account for the semester totaled $5,000(Loan $2,000, Pell $2,000, SEOG $1,000). The student paid the balance of $1,000.

Refund Calculation:

• Result:
  • 26 days attendance divided by 103 days for the total days in term = 25.24%
  • 25.24% of $5,000 would be retained onto the student's account = $1,262.14
  • 74.76% of $5,000 will be returned to the federal loan and grant program. This amount of $3,727.86 must be returned to the federal programs in the following order:
    Federal Loan: $2,000
    Pell Grant: $1,737.86
  • The remaining Pell Grant of $262.14 and SEOG of $1,000 can be retained on the student's account.

Student:

• Bill:
  • February 22, 2013 carries a student refund of 25% of tuition charges.
  • 25% of $6,000 is applied as a credit to the student's account= $1,500
  • The student is responsible for $4,500.
  • The student paid $1,000 and was allowed to retain $1,262.14 of his Title IV aid.
  • The student now owes $2,237.86 of tuition charges.