Refunds and Academic Credit

Policy on Refunds

In compliance with federal regulations, it is Immaculata University’s policy that credit balances on a student account resulting from the receipt of federal funds be refunded to the student, third party (such as borrower) or lending institution. Immaculata will process eligible refunds within 14 days of the start of the term and weekly during the term in accordance with federal guidelines.

To be eligible for a refund, you must meet the below criteria. Once the criteria is met, your refund will be processed.

  • Undergraduate full time – enrolled in at least 12 credits and all classes must have started.
  • Undergraduate part time – enrolled in at least 6 credits and all classes must have started.
  • Graduate Studies – enrolled in at least 4.5 credits and all classes must have started.

The Business Office processes and mails refund checks to the home address provided by the student. By logging on to MyIU and selecting the Student Account Center tile, students may elect to have their refunds deposited directly into their bank account. Refunds are based on the disbursement of funds and the order in which they are received on the student account. Refunds are issued to the student unless the Parent PLUS Loan creates the credit to be refunded. In this case, the refund will be issued to the borrower.

Credit balances resulting from non-federal funds will be processed within three weeks after the credit occurs and issued to the appropriate party. Refunds are processed for the full amount; partial refunds will not be processed.

Credit balances (up to $800) may be transferred to the students’ university One Card to purchase books at the Campus Bookstore.

Students may request to have their Title IV funds credit balance held to pay future charges through the end of the aid year. The aid year runs fall through summer. All credits are refunded at the end of each aid year. Contact the Business Office or the Office of Financial Aid to obtain the Title IV Authorization Hold form.

Once a student has graduated or is no longer enrolled at Immaculata and all financial obligations have been met, eligible refunds will be issued.

Contact studentaccounts@todosobretrafico.com for further information.

 

 

Undergraduate Tuition Refund

Requests to drop or withdraw from a course must be made in writing to the appropriate college. The cessation of attendance and/or failure to log into a course does not constitute an official withdrawal. The level of drop or withdrawal and the tuition that is to be refunded are determined by the date the written request is received. A fee associated with any course is not refundable once the term has begun.

Drop/Withdrawal from Traditional Length Undergraduate Courses (12-15 weeks)

Type Definition Tuition Transcribed as
Drop
Notification has been received prior to the first class meeting
100% Refund Not recorded
Drop Notification during the first calendar week of classes 80% Refund Not recorded
Drop Notification during the second calendar week of classes 60% Refund Not recorded
Drop Notification during the third calendar week of classes 40% Refund Not recorded
Withdrawal Notification during the fourth calendar week of classes 20% Refund W
Withdrawal Notification after the fourth calendar week of classes No Refund W

Drop/Withdrawal from 7-8 Week Accelerated Undergraduate Courses

Type Definition Tuition Transcribed as
Drop
Notification has been received prior to the first class meeting
100% Refund Not recorded
Drop Notification during the first calendar week of classes 80% Refund Not recorded
Drop Notification during the second calendar week of classes 40% Refund Not recorded
Withdrawal Notification during the third calendar week of classes 20% Refund W
Withdrawal Notification after the third calendar week of classes No Refund W

Drop/Withdrawal from 5-Week Accelerated Undergraduate Courses

Type Definition Tuition Transcribed as
Drop
Notification has been received prior to the first class meeting
100% Refund Not recorded
Drop Notification during the first calendar week of classes 80% Refund Not recorded
Withdrawal Notification during the second calendar week of classes 20% Refund W
Withdrawal Notification after the second calendar week of classes No Refund W

Drop/Withdrawal from Undergraduate Courses that meet Four or Fewer Times

Type
Definition
Tuition
Transcribed as
Drop
Notification has been received prior to the first class meeting
100% Refund
Not recorded
Withdrawal
Notification after the first class meeting
No Refund
W

Graduate Tuition Refund and Academic Credit Policy

Requests to drop or withdraw from a course must be made in writing to the College of Graduate Studies.  The cessation of attendance and/or failure to log into a course does not constitute an official withdrawal.  The level of drop or withdrawal and the tuition that is to be refunded are determined by the date the written request is received. A fee associated with any course is not refundable once the term has begun.

Drop/Withdrawal from Semester Length Courses (12-14 Weeks)

Drop/Withdrawals from semester length graduate courses have the following tuition and transcript implications:

Type

Definition

Tuition

Transcripted as

Drop Notification has been received prior to the first class meeting 100% Refund Not Recorded
Drop Notification after the first but prior to the second class meeting 80% Refund Not Recorded
Drop Notification after the second but prior to the third class meeting 60% Refund Not Recorded
Withdrawal Notification after the third but prior to the fourth class meeting 40% Refund W
Withdrawal Notification after the fourth but prior to the fifth class meeting 20% Refund W
Withdrawal Notification after the fifth class meeting No Refund W

Drop/Withdrawal from 7-8 Week Courses

Drops/Withdrawals from 7-8 week graduate courses have the following tuition and transcript implications:

Type

Definition

Tuition

Transcripted as

Drop Notification has been received prior to the first class meeting 100% Refund Not Recorded
Drop Notification after the first but prior to the second class meeting 80% Refund Not Recorded
Drop Notification after the second but prior to the third class meeting 40% Refund Not Recorded
Withdrawal Notification after the third class meeting No Refund W

Refunds for special topics and other courses scheduled in special formats will be pro-rated.

Discover Immaculata

Grounded in IHM tradition and charism since 1920.

Find out what an IU education can do for your mind, your character and your future.

Discover Immaculata