Impact of Withdrawal on Institutional and Non-Institutional (Non-Federal Only) Loans and Scholarships if No Federal Aid is Involved

If a student withdraws during an enrollment period for which a University loan or scholarship, or a private loan or scholarship has been received and utilized to pay all or a portion of institutional charges (tuition, course fees, and dorm charges), and no federal aid is involved, any excess funds (resulting from the reduction of institutional charges stemming from the withdrawal action) will be returned to each nonfederal loan or scholarship program according to the percentage of the total institutional charges originally paid by each scholarship or loan program. Institutional loans or scholarships are assumed to be the first payment source in this calculation method