The Business Office
Federal Refund Policy Financial Aid Requirements
Any student who withdraws on or before 60 percent of the semester has elapsed and who receives Title IV awards, such as Pell Grants, SEOG or other federal aid (excluding Federal Work Study), will be subject to a federal formula when calculating refunds. The formula calculates aid based on the percent of time the student was enrolled in class during the semester. All unearned aid will be returned to the Federal Government. The College and/or the student may be required to return some of the funds awarded.
The student’s withdrawal date is defined as the date the student begins the withdrawal process or the date official notice is provided to the College. If no withdrawal process is initiated, the date of withdrawal is set at the mid-point of the semester.
State Refund Policy Financial Aid Requirements
Any student qualifying for state aid who withdraws within the first four weeks of the semester is not entitled to state aid. All state monies will be returned.
Remaining refund balances due to the student will be mailed to the address on file in the Office of the Registrar. Any student requesting that the credit balance remain in their account should file a refund form that can be obtained in the Financial Aid Office. The balance can then be applied against future charges during the current school year. On the last day of each school year, all credit balances due to financial aid will be refunded to the student.
Business Office Resources
Contact Information Business Office
Monday - Friday: 9:00 A.M. - 5:00 P.M.
Telephone: (219) 473-4232 (Indiana)
(773) 721-0202, Ext. 232 (Illinois)
1-877-700-9100 (Toll Free)
FAX: (219) 473-4363