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 private loan or external scholarship has been received and utilized to pay all or a portion of the students account balance, any excess funds resulting from the reduction of institutional charges stemming from the withdrawal may be refunded to the student.  If the student has received an institutional scholarship or UA Institutional Loan, any excess funds may be returned to those institutional scholarships on a pro-rata basis or to the Institutional loan program in full to reduce the students’ debt.