IMPORTANT WITHDRAWAL INFORMATION
The page explains how a withdrawal can sometimes have serious and unexpected financial consequences due to the federal Title IV aid rules. As such, students (especially those receiving some kind of federal grant or loan) should consider these potential financial consequences before making a final withdrawal decision.
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What happens if you withdraw from the university…?
- your semester fee bill will be adjusted according to the University refund policy.
- students awarded federal financial aid, will also be subject to the federal Return of Title IV Funds Policy. This may result in a balance due on your fee bill. Federal Title IV aid includes: Subsidized and Unsubsidized Stafford Loans, Perkins Loans, Plus Loans, Pell Grants, SEOG Grants, ACG Grant and the SMART Grant
- you may be required to repay all or part of the financial aid disbursed for the semester in which you withdraw if you do not complete more than 60% of the semester.
- you will have to repay any un-earned financial aid you have received according to the Return of Title IV Funds guidelines.
Registration constitutes a financial contract between the student and the University of Connecticut.
Once registered, failure to attend classes is not considered an official withdrawal. Students who decide to leave the University should contact the Dean of Student’s Office to discuss their options and to officially process their withdrawal. No refunds are made unless this procedure is followed.
The federal government has established a Return of Title IV Funds Policy which impacts financial aid recipients. This policy is not the same as the University refund policy. Financial aid is awarded to students contingent upon completion of the semester. Federal financial aid recipients who withdraw prior to completing 60% of the semester will owe a repayment to the U.S. Government. If it is determined that a portion of the financial aid received by the student is unearned, the University is required to return the unearned funds.
That amount will appear on your university bill. You will also be sent a letter outlining the changes required as a result of the withdrawal.
All students who separate from the University by cancellation or withdrawing are subjected to the following university refund policy:
Students who cancel enrollment prior and up to the first day of classes will have refundable charges dropped. After the first day of classes, withdrawal adjustments are made only on refundable fees according to the following schedule:
- Remainder of the 1st calendar week = 90%
- 2nd Week = 60%
- 3rd and 4th Week = 50%
- 5th week - 8th Week = 25
(Calendar weeks run Monday through Sunday; whatever day of the week on which the semester begins, the following Sunday ends the first calendar week.)
Refundable Fees:
- Tuition
- General University fee
- Infrastructure Maintenance fee
- Student Government fee
- Daily Campus fee
- UCTV fee Student
- Student Union fee
- Transit fee
- Residence Hall fee (conditions apply)
- Dining Fee
- Academic materials and course fees
Nonrefundable Fees:
- Acceptance fee
- Room Deposit fee (if applicable)
- Health Insurance Charge (unless waived by the published deadlines)
- Late Payment fee
- Continuous Registration fee
Steps and formulas in the Return of Funds process…
● Determine the percentage of the enrollment period completed.
Days Attended ÷ Days in Enrollment Period (approximately 70) = Percentage Completed.
If the calculated percentage exceeds 60% then you have earned all of the Title IV funds for the semester and no further action is required. If not, proceed to the next step.
● Apply the percentage completed to the Title IV aid awarded to determine eligibility for aid prior to the withdrawal.
Total Aid Disbursed × Percentage Completed = Earned Aid
Determine the amount of unearned aid to be returned to the appropriate Title IV aid program (s).
Total Disbursed – Earned Aid = Unearned Aid to be Returned
If the aid already disbursed equals the Earned aid, no further action is required. If the aid already disbursed is less than the earned aid, a post-withdrawal disbursement can be made, providing the eligibility criteria have been met. If the aid already disbursed is greater than the earned aid, the difference must be returned to the appropriate Title IV aid program(s).
Withdrawal Checklist
Use this checklist as a guide to help you make sure you haven’t forgotten something important before you leave UCONN.
- Contact the Dean of Student’s Office. It is your responsibility to initiate the withdrawal process; non-attendance at classes or non-payment of fees does not constitute a University withdrawal or relieve you of your financial obligations.
- Pay any remaining tuition, fees, or other charges on your student account at the Bursar’s Office, if applicable. Past due accounts may be referred to a collection agency and result in legal action. Request a refund of any balance due you.
- Depending on the date of withdrawal, a withdrawal may affect your financial aid and could result in your owing the University money. Check with the Bursar’s Office before leaving the University.
- Contact Student Health Services if you have questions regarding your school coverage or check with your private insurance carrier regarding your health coverage as some insurance providers discontinue coverage if a student is not enrolled full time at a college or university.
- Contact Residential Life to request a cancellation of housing and meals. Housing contracts are binding for the entire academic year so you should inquire as to the amount of housing or meal fees that may remain on your account. Proper check out procedures must be followed and all belongings must be removed.
- If you have a Perkins Loan, and you will not be attending, you must complete an exit interview. You can do this online at the Bursars website www.bursar.uconn.edu.
Contact your on-campus employer if you have a student job on campus.
- If your address is changing, notify the Registrar’s Office or change it in PeopleSoft.
- If you are receiving financial aid, you may need to contact your lender regarding repayment of loans. Federal Stafford and most private loans have grace periods of 6 months after you stop attending school. It is important that you avoid becoming delinquent on your loans while you are out of school. It could result in ineligibility for further aid and make it impossible for you to return at a later date.
- Return any books, equipment, or materials on loan from the University.
- If you have a credit balance on you Husky Bucks Account, contact the One Card Office for a refund.
Additional information may be found at http://www.catalog.uconn.edu. |
