Mitchell College Refund Policy

Purpose

The intent of our refund policy is to protect the financial interest of the College, a nonprofit institution, to ensure the facilities will be used by students who genuinely seek a college education, to protect the financial rights of the students, and to meet legal requirements.

The Policy

1. The College’s refund policy will adhere to the following schedule with the exception of Title IV Financial Aid Funding:
   
   

   - Before the first day of classes	100% refund
   - Within the first week of classes and before the add/drop period	100% refund
   - By the end of the second week of classes	80% refund
   - By the end of the third week of classes	60% refund
   - By the end of the fourth week of classes	40% refund
   - By the end of the fifth week of classes	25% refund
   - After the end of the fifth week of classes	0% refund

2. Withdrawal from Mitchell College shall entitle a student to a refund of tuition, room and/or board, and learning center fees (if applicable) based on the above-referenced schedule.
   
   
3. Enrollment period is defined as the first day of classes to the last day of final exams within a semester.
   
   
4. When a student receives Federal Title IV aid and completely withdraws from the college during a semester, the college must calculate the amount of the Title IV that the student earned as of the withdrawal date. Federal Title IV funds include Federal Pell Grants, Federal Direct Stafford Loan, Federal Supplemental Education Opportunity Grant, Federal Perkins Loan, Federal Parent PLUS Loan and other grant or loan assistance authorized by the Title IV of Higher Education Act, as amended. A Title IV schedule is used to determing the amount of funds a student has earned at the time of withdrawal up through the 60% point in the enrollment period. After the 60% point in the enrollment period, a student has earned 100% of the Title IV funds; therefore, no Title IV funds are returned. Unearned portion of Title IV funds must be returned by the college to the federal government no later than 45 days from the determined date of a student's withdrawal. Students will be notified of any balance owed to the college as a result of the refund calculation.
   
   
5. If a student was awarded a MVP Scholarship and it has not been earned, the award will be reversed and the amount owed will be the student’s responsibility.
   
   
6. Institutional aid will be calculated using Mitchell College’s refund policy.
   
   
7. All other outside grants and scholarships will be refunded based on the guidelines of the grantors.
   
   
8. Registration fees are not refundable unless Mitchell College cancels a course.
   
   
9. Charges for other fees, such as library fees or parking tickets are not eligible for refund.  Group health insurance is not eligible for pro rata withdrawal credit or tuition withdrawal credit.

Procedure

1. Refunds are initiated when a student has officially withdrawn from Mitchell College.
   
   
2. The Registrar will determine the last date of attendance for credit purposes.
   
   
3. Students who withdraw from the College before the end of the academic year will have their financial aid adjusted accordingly.