Events
Fall 2008 Refund of Tuition
Law School students should consult their Dean's Office for the Law School policy on refunds.
Upon receipt of withdrawal applications (complete withdrawals must be processed through the Center for University Advisement) through September 8, 2008, the University will refund all tuition in excess of the amounts listed in the following table:
| Student Category | Monies refunded in excess of: |
|---|---|
| Full time student- UG | $515.00 |
| Full time student- GR | $485.00 |
| UG student enrolled for 8 but fewer than 12 credits | $270.00 |
| GR student enrolled for 8 but fewer than 12 credits | $280.00 |
| UG Students enrolled up to 7.99 credits | $155.00 |
| GR Students enrolled up to 7.99 credits | $165.00 |
Tuition Refund Schedule
| Date | Percentage of Tuition Refundable |
|---|---|
| September 9-15, 2008 | 75% |
| September 16-22, 2008 | 50% |
| September 23-29, 2008 | 25% |
**All tuition-related (i.e., university, technology, activitiy and health) fees are nonrefundable throughout the entire semester**
Federal Title IV Refund Information
Students receiving Federal Title IV funds who 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 Thursday, November 6, 2008**
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:
- Unsubsidized Federal Stafford Loan
- Subsidized Federal Stafford Loan
- Federal Perkins Loan
- Federal Plus Loan, parent or graduate
- Federal Pell
- Federal Academic Competitive Grant
- Federal National SMART Grant
- Federal SEOG
- Other Title IV Aid Programs
- The Student
Example: (dollar amounts are for illustrative purposes only):
- Facts:
- The student is a continuing undergraduate student in his third academic year
- The student withdraws on September 28, 2008
- The student was charged $6,000 for tuition and fees for Fall 2008. 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:
- 27 days attendance divided by 109 days for the total days in term = 24.77%
- 24.77% of $5,000 would be retained onto the student's account = $1,238.53
- 75.23% of $5,000 will be returned to the federal loan and grant program. This amount of $3,761.47 must be returned to the federal programs in the following order:
Federal Loan: $2,000
Pell Grant: $1,761.47 - The remaining Pell Grant of $238.53 and SEOG of $1,000 can be retained on the student's account.
Student:
- Bill:
- September 28, 2008 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 $1,238.53 of his Title IV aid.
- The student now owes $2,261.47 of tuition charges.