Tuition Refunds

Withdrawal from the Institution or Reduction of Credit Hour Load

It is the responsibility of the student to complete the steps necessary to officially withdraw from college. Students may drop classes, as well as withdraw from the college by visiting their Success Coach in Advising.

Students enrolled in semester credit hour courses who officially withdraw their semester credit hour load at Grayson College shall have tuition and mandatory fees refunded according to the following schedule. Refunds for courses with unique scheduling will be processed according to state guidelines. Specific dates for all terms are located in the Academic Calendar located on the college website.

**16 WEEK TERM REFUND POLICY**
Withdrawal Date	Refund Amount
Prior to the first class day	100%
During the first fifteen class days	70%
During the sixteenth through the twentieth class day	25%
Thereafter	None

**10 WEEK TERM REFUND POLICY**
Withdrawal Date	Refund Amount
Prior to the first class day	100%
During the first nine class days	70%
During the tenth through the twelfth class days	25%
Thereafter	None

**8 WEEK TERM REFUND POLICY**
Withdrawal Date	Refund Amount
Prior to the first class day	100%
During the first five class days	70%
During the sixth class day	25%
Thereafter	None

**5 WEEK TERM REFUND POLICY**
Withdrawal Date	Refund Amount
Prior to the first class day	100%
During the first four class days	70%
During the fifth class day	25%
Thereafter	None

**3 WEEK TERM REFUND POLICY**
Withdrawal Date	Refund Amount
Prior to the first day of class	100%
During the first three class days	70%
During the fourth class day	25%
Thereafter	None

For the purpose of the refund policy, a class day is defined as a day during which college classes are conducted. The count begins with the first-day classes are held during the term and includes each consecutive class day thereafter. The count is not based on the number of times a particular class has met. The first class day and other important dates are listed in the Academic Calendar located on the college website.

As per federal guidelines regulating the refund of Title IV (financial aid) programs, all refunds due to the Title IV Programs shall be refunded as follows:

Federal Direct Unsubsidized and Subsidized Loans
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Other Title IV Programs
Other state, private, or institutional student financial assistance programs.

Students receiving Title IV funds (Pell, other federal grants and student loans) who subsequently withdraw from classes, or do not begin attendance in all courses, will be required to return all or a portion of the federal financial aid received in a process called calculation of Return to Title IV. Only the percentage of aid earned (determined by the percentage of time attended) will be eligible for retention on the student’s behalf. Any aid that is not earned must be returned to its source. If there is a student account balance resulting from these adjustments, the student is responsible for payment. Further details can be obtained from the Office of Financial Aid.

A portion may be returned to the student only after the appropriate amounts have been allocated to the Title IV Programs. No refund to a Title IV Program shall exceed the award from that program.

Tuition and fees refunds will be processed two to three weeks after the census date of the appropriate term. Financial Aid disbursements are applied to the student’s statement balance first. Remaining funds that are eligible for reimbursement will be processed within three business days after receipt from the funding source. Students may set up a direct deposit or credit/debit card in MyViking. Checks will be mailed to the billing address listed on the student’s account.