Lycoming College Student Withdrawal Billing Policy
Students wishing to withdraw from the College during the semester should meet with one of the Academic Deans to ensure that student financial and academic records are properly closed. The effective date for calculating adjustments to tuition, fees, room and board shall be: the date that the student begins the withdrawal process or provides official notification to the institution of his or her intent to withdraw; the midpoint of enrollment if the student drops out without notification to the institution; or the date, as determined by the institution, that the student withdraws due to illness or accident.
Students withdrawing will have their tuition, fees, room and board charges adjusted according to the following schedule:
An administrative fee of $100 will be charged to the student’s account. Please note that there is no adjustment of tuition, fees, room and board after the sixth week of the semester. For freshmen, the adjustment of charges period will be extended into the week that early assessment grades are distributed to students and parents.
A compressed Time of Withdrawal table will apply to the May and Summer terms.
Withdrawing students must also be aware that in addition to the Lycoming College Student Withdrawal Billing Policy, a Federal Return of Title IV Funds must also be calculated for any Pell Grant, SEOG, Stafford Loan, PLUS Loan or TEACH Grant. The College is required to perform a Return of Title IV Funds calculation for all federal financial aid recipients who withdraw (officially or unofficially) from all classes on or before the 60% attendance point of the semester. Students may have a balance due to the College, Federal Government or both if any or all portions their Title IV aid must be returned. See Federal Return of Title IV Funds Policy for further explanation on the return of federal funds.
Any balance due remaining will be billed to the student. Unpaid student account balances will be charged interest at the rate of 1% per month on the month end balance until the account is paid in full. Should legal collection become necessary, all costs of collection will be added to the balance due.