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Refunds and Return to Title IV

Federal law requires the university to automatically refund any credit balance from a student account that was created by Title IV financial aid. Title IV aid is Stafford, Perkins, and Plus loans as well as SEOG, Pell, and Contract grants. Credit may remain on your account to be applied to the next semester charges if you indicate so in writing. However, this credit can only be held on the account during the academic year (loan period) in which the aid was awarded.


If you do not wish to keep a refund, please return the refund (or remit payment online) along with written consent to Bursar’s Office P.O. Box 398, Elon, NC 27244. Refunds cannot be applied back to your student account without this form signed and returned. For questions, please email bursar@elon.edu or call toll free 877-729-3566.

You may withdraw this authorization at any time. Upon such notice in writing, Elon will refund any excess back to you within 14 days. Refunds of Federal financial aid to the Department of Education in the case of reduced credit hours or withdrawal will be processed in accordance with regulations related to excess funds from the disbursement of federal Title IV grants and loans.

Refund policies for undergraduate and graduate programs are as follows:

Undergraduate

Fall and Spring Semesters

Undergraduate tuition and fees are refunded as follows:

Students will receive refunds on a pro rata basis during the first eight weeks of the semester. The following is a table of pro rata charges:

  • 1st week pro rata charge: 5%
  • 2nd week pro rata charge: 10%
  • 3rd week pro rata charge: 40%
  • 4th week pro rata charge: 60%
  • 5th week through 8th week pro rata charge: 75%
  • 9th week: no refund

Room and board is refunded on a weekly pro rata basis. Refunds for board will be calculated based on the number of weeks enrolled, not by the number of meals used.

The refund policy for study abroad programs is different and is outlined on the study abroad policies website.

Winter Term and Summer College*

Students who end enrollment during the second or third day of classes of Winter Term will receive a 90 percent refund of tuition and room charges. Students who end enrollment during the fourth or fifth day of classes of Winter Term will receive a 50 percent refund of tuition and room charges. Students who end enrollment during the sixth or seventh day will receive a 25 percent refund of tuition and room charges. There will be no refund after the seventh day of classes.

Students who end enrollment during the second day of classes in Summer College will receive a 90 percent refund of tuition and room charges. Students who end enrollment on the third day of Summer College will receive a 50 percent refund of tuition and room charges. Students who end enrollment on the fourth through sixth day of Summer College will receive a 25 percent refund of tuition and room charges. There will be no refund after the seventh day of classes.

* Upon withdrawal, meal plan refunds are prorated

Graduate Programs

Doctor of Physical Therapy and Physicians Assistant Programs

Students will receive refunds on a pro rata basis during the first 13 weeks of each half of the academic year. The first half begins with the first day of classes in January. The second half begins with the first day of classes in July. The following is a table of pro rata charges:

  • 1st week through 3rd week pro rata charge 10% 
  • 4th week through 7th week pro rata charge 50% 
  • 8th week through 13th week pro rata charge 75% 
  • 14th week no refund

Please note: The acceptance deposit is nonrefundable.

iMedia

Students will receive refunds on a pro rata basis during the first eight weeks of the semester. The following is a table of pro rata charges:

  • 1st week pro rata charge 5%
  • 2nd week pro rata charge 10%
  • 3rd week pro rata charge 40%
  • 4th week pro rata charge 60%
  • 5th week through 8th week pro rata charge 75%
  • 9th week no refund

JD

Fall and Spring Semesters

Tuition and fees are refunded as follows:

Students will receive refunds on a pro rata basis during the first eight weeks of the semester. Following is a table of pro rata charges:

  • 1st week pro rata charge 10%
  • 2nd week pro rata charge 20%
  • 3rd week pro rata charge 40%
  • 4th week pro rata charge 60%
  • 5th week through 8th week pro rata charge 75%
  • 9th weekno refund

In order to be eligible for a refund upon withdrawal a student must notify the School of Law’s Associate Dean for Administration in writing of his/her intentions. The student must also check out with the financial planning and bursar’s offices. The effective date of withdrawal is determined by the School of Law’s Associate Dean for Administration. Refunds are calculated as of the date of withdrawal specified by the School of Law’s Associate Dean for Administration.

MBA/M.S. Management

Fall, Spring, and Winter Semesters

  • 1st week pro rata charge 5%
  • 2nd week pro rata charge 20%
  • 3rd week pro rata charge 40%
  • 4th week pro rata charge 60%
  • 5th week pro rata charge 75%
  • 6th week - no refund

Summer Sessions

In the summer sessions, enrollment dropped by 4 p.m. on the days listed below will warrant the corresponding refund:

  • 1st day of class: 100% refund
  • 2nd day of class: 90% refund
  • 3rd day of class: 50% refund
  • 4th, 5th, 6th day of class: 25% refund
  • 7th day of class: no refund

M.Ed.

Fall, Spring, and Winter Semesters

  • 1st week pro rata charge 5%
  • 2nd week pro rata charge 10%
  • 3rd week pro rata charge 40%
  • 4th week pro rata charge 60%
  • 5th week through 8th week pro rata charge 75%
  • 9th week — no refund

Summer Sessions

In the summer sessions, enrollment dropped by 4 p.m. on the days listed below will warrant the corresponding refund:

  • 1st day of class: 100% refund
  • 2nd day of class: 90% refund
  • 3rd, 4th, 5th day of class: 50% refund
  • 6th, 7th, 8th, 9th day of class: 25% refund
  • 10th day of class: no refund

Masters in Accounting

Fall and Spring Semesters

Graduate tuition and fees are refunded as follows:

Students will receive refunds on a pro rata basis during the first eight weeks of the semester. The following is a table of pro rata charges:

  • 1st week pro rata charge: 5%
  • 2nd week pro rata charge: 10%
  • 3rd week pro rata charge: 40%
  • 4th week pro rata charge: 60%
  • 5th week through 8th week pro rata charge: 75%
  • 9th week: no refund

Winter Term and Summer Term

Students who end enrollment during the second or third day of classes of Winter Term will receive a 90 percent refund of tuition and room charges. Students who end enrollment during the fourth or fifth day of classes of Winter Term will receive a 50 percent refund of tuition and room charges. Students who end enrollment during the sixth or seventh day will receive a 25 percent refund of tuition and room charges. There will be no refund after the seventh day of classes

Students who end enrollment during the second day of classes in Summer will receive a 90 percent refund of tuition. Students who end enrollment on the third day of Summer will receive a 50 percent refund of tuition. Students who end enrollment on the fourth through sixth day of Summer will receive a 25 percent refund of tuition. There will be no refund after the seventh day of classes.

Masters in Higher Education

Fall and Spring Semesters

Graduate tuition and fees are refunded as follows:

Students will receive refunds on a pro rata basis during the first eight weeks of the semester. The following is a table of pro rata charges:

  • 1st week pro rata charge: 5%
  • 2nd week pro rata charge: 10%
  • 3rd week pro rata charge: 40%
  • 4th week pro rata charge: 60%
  • 5th week through 8th week pro rata charge: 75%
  • 9th week: no refund

Winter Term and Summer Term

Students who end enrollment during the second or third day of classes of Winter Term will receive a 90 percent refund of tuition and room charges. Students who end enrollment during the fourth or fifth day of classes of Winter Term will receive a 50 percent refund of tuition and room charges. Students who end enrollment during the sixth or seventh day will receive a 25 percent refund of tuition and room charges. There will be no refund after the seventh day of classes.

Students who end enrollment during the second day of classes in Summer will receive a 90 percent refund of tuition. Students who end enrollment on the third day of Summer will receive a 50 percent refund of tuition. Students who end enrollment on the fourth through sixth day of Summer will receive a 25 percent refund of tuition. There will be no refund after the seventh day of classes.

Notice of Withdrawal

In order to be eligible for a refund upon withdrawal a student must notify the Associate Dean of Student Life in writing of his/her intentions. The student must also check out with the financial planning and bursar’s offices. Refunds are calculated as of the date of withdrawal specified by the Dean of Student Life. Medical withdrawals will be handled on a case-by-case basis. Students and parents who believe circumstances warrant an exception from the published policy must appeal to Mr. Gerald Whittington, Vice-President for Business, Finance, and Technology Room 107, Alamance Building.