Students who withdraw from Johnson College will be entitled to an adjustment of tuition charges according to the refund policy described below.
In accordance with Federal regulations, those students who receive Federal Financial Aid and who withdraw from Johnson College during the first 60% of a semester, will have their Federal Financial Aid adjusted based on the percent of the semester completed prior to withdrawal. That is, students will be entitled to retain the same percent of Federal Financial Aid received as the percent of the semester completed. This percent is calculated by dividing the number of days in the semester into the number of days prior to the withdrawal. Students who do not follow the official withdrawal procedure but who stop attending classes will be considered to have withdrawn at the 50% point of the semester unless attendance is documented after that time. There will be no adjustment to Federal Financial Aid after completion of at least 60% of the semester.
This policy applies to all Federal Financial Aid except college work-study. It includes Pell Grants, Supplemental Educational Opportunity Grants (SEOG), Subsidized and Unsubsidized Stafford Loans and Plus Loans.
When the amount of the Federal Funds to be returned has been calculated, the funds will be returned in the following order:
Unsubsidized Federal Direct Loans
Subsidized Federal Direct Loans
Supplemental Educational Opportunity Grants (SEOG)
Please note that students WHO RECEIVE A REFUND OF FINANCIAL AID PRIOR TO WITHDRAWING MAY OWE A REPAYMENT OF THOSE FUNDS.