STCC Financial Aid - Withdrawing and Refund Policies

Financial Aid Withdrawal Policy-The amount of your financial aid award is based on attending the entire semester. If you stop attending all of your classes (officially or unofficially), a return of funds calculation will be processed based on your last date of attendance and your award eligibility may be adjusted. This may result in a bill owed to STCC.

If you withdraw from school, you must fill out a college withdrawal form available in the Registrar's Office. Please indicate your last date of attendance on the form. This is the date the financial aid refund calculation is based on.

STCC does not have an attendance policy. However, the institution monitors attendance based on mid-semester and final grades. If you are not passing any of your classes and your professors? report a last date of attendance prior to the end of the fifth week, the financial aid office will assume you are no longer attending and process the calculation. If no last date of attendance is reported, we will contact your professor. If the last date of attendance cannot be determined, the return of funds calculation will be processed at 50%.

Students who withdraw from classes beyond the 60% point in the semester will have earned 100% of their financial aid.

After the refund calculation is processed, the student will receive written notification of their new revised award amounts. It is the student's responsibility to pay any outstanding debt owed to the institution. A hold will be placed on the student's account and they will not be allowed to register for classes until their outstanding bill is paid.

Student Account Refund Policy- Tuition refunds are made only to those students who officially withdraw from the College. In order to do this a student must complete a withdrawal form, which is available from the Registrar's Office. The College will, thereupon, refund a portion of the student's tuition and fees according to the following schedule:

Fall and Spring refund policy:

Withdrawal during the 1^st week of classes - 100% (tuition and fees)
Withdrawal during the 2^nd week of classes - 75% (tuition, Gen. Ed fee and capital improvement fee only)
Withdrawal during the 3^rd week of classes - 50% (tuition, Gen. Ed fee and capital improvement fee only)
Withdrawal after the 3^rd week of classes - No refund
All refunds take approximately six (6) weeks to process.

Summer refund policy:

Withdrawal on or before the 1^st day of classes - 100% (tuition and fees)
Withdrawal on the 2^nd day of classes - 75% (tuition, Gen. Ed fee and capital improvement fee only)
Withdrawal on the 3^rd day classes - 50% (tuition, Gen. Ed fee and capital improvement fee only)
Withdrawal after the 3rd day of classes - No refund
All refunds take approximately six (6) weeks to process.

For more information on refunds go to http://www.stcc.edu/studentaccounts/refunds.asp or contact Student Accounts at (413) 755-4696.