Policies for Withdrawn Students
If you choose to withdraw from North Park University, you must complete a withdrawal form and return it to Student Administrative Services. This will assist you in notifying all the appropriate offices of your intent to leave, and make sure you have fulfilled any obligations you have to the University. You may indicate either a leave of absence (one year or less) from your studies or a more permanent withdrawal using this form.
Billing Policy for Withdrawn Students
If you withdraw from North Park University prior to the start of a semester, or before the end of the first week of a semester, you are eligible for a 100% tuition and fee refund.
If you withdraw after the start of the second week of a semester, you are eligible for a refund of tuition and fees based on the following schedule (assuming a 16-week semester):
Withdraw before the end of week two: 80% refund
Withdraw before the end of week three: 60% refund
- Withdraw before the end of week four: 50% refund
If you withdraw from a class or all classes after week four, there will be no refund.
Board (meal plan) charges are refundable based on the number of weeks that food service has been provided.
Room charges are refundable as follows:
100% refundable up to two weeks prior to the start of the semester
100% refundable, minus the housing deposit, after the two week deadline, but prior to the start of the semester
80% refundable after the start of the semester but before the end of the second week of the semester
No refund after the end of the second week of the semester
Financial Aid Policy for Withdrawn Students
If you receive any federal financial aid* and withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a semester, you will have your financial aid recalculated based on the "Return of Title IV Funds" (R2T4) formula derived from the 1998 Reauthorization of Higher Education Act. After this recalculation, you may be required to return all or some of the aid you were awarded.
The return of federal aid funds is based on the premise that students earn their financial aid in proportion to the amount of time they are enrolled. A prorated schedule is used to determine the amount of federal aid funds a student has earned at the time of the withdrawal. A student who withdraws in the second week of classes has earned less of his/her financial aid than a student who withdraws in the fifth week. Once 60% of the semester is completed, a student is considered to have earned all of his/her financial aid and will not be required to return any funds. Refunds from the University to the student for payments made are issued according to the schedule at the top of the page.
If you drop courses before the 60% mark of the semester, you are subject to the R2T4 calculation and, if loans or Pell dollars were disbursed for the semester, it is possible that you have not “earned” the amount of funds you have received, and you and the University will need to return those funds.
Federal financial aid is returned to the federal government based on the percent of unearned aid using the following two formulas:
Percent earned = Number of completed days up to the withdrawal date** divided by the total days in the semester
Aid to be returned = (100% - percent earned) multiplied by (the amount of aid disbursed).
For example, a student who received a first-year Stafford Loan and withdraws at the end of week 3 of the semester would return aid as follows:
Percent earned = 15 completed days/80 semester days = .1875 = 18.75%
Aid to be returned = (100%-18.75%) x ($5,500)
Aid to be returned = 81.25% x 5500
Aid to be returned = $4,468.75
When aid is returned, you may owe an outstanding balance to the University. In this case, you are responsible for contacting Student Administrative Services at (773) 244-5560 or (773) 244-5605 to make payment arrangements.
* Federal financial aid includes and is returned in the following order: Unsubsidized Stafford Loan, Subsidized Stafford Loan, Perkins Loan, PLUS Loans, Pell Grant, Supplemental Educational Opportunity Grant.
** Your withdrawal date is defined as the actual date that you began the institution's withdrawal process, your last date of recorded attendance, or the midpoint of the semester if you leave without notifying the institution.
Timeframe for Return of Title IV Funds/Post-withdrawal Disbursements
The institution must return the amount of Title IV funds for which it is responsible no later than 45 days after the date of the determination of the date of the student's withdrawal.
If a student earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 45 days of the student's withdrawal.
Dropping Quad Classes
Effective July 1, 2011, the U.S. Department of Education instituted new regulations that govern the Return of Title IV Funds (R2T4) calculation for students enrolled in modular courses that do not span the entire semester. For example, any course in Quad A or Quad B is considered a modular course. Title IV aid includes federal Stafford Loans and Pell Grants. The new regulation only affects students who drop or withdraw from courses they were scheduled to complete.
Because each student’s situation is unique, we urge students enrolled in graduate or undergraduate programs that utilize quad classes to contact Annette Miley in the financial aid office if you (a) access Stafford Loans and/or Pell Grants and (b) are considering dropping a course(s) prior to the 60% mark of the semester.