Complete information concerning the following policies can be found in the Saint Michael’s College Catalog.
For Enrolled Students
Credit balances for enrolled students will remain on the account unless requested by the student. Refunds are issued within three weeks of the request to the primary billing contact, as designated by the student, unless otherwise directed in the refund request. For accounts with Title IV monies in excess of allowable charges, the excess funds will be refunded to the student with 14 business days.
For Withdrawn Students
Students who withdraw will be eligible for a refund of tuition and fees, including residence fees, in accordance with the following schedule:
|Length of Enrollment||Percentage Refunded|
|Prior to first day of class||100%|
|Within the first week of classes||90%|
|Within the second week of classes||75%|
|Within the third week of classes||50%|
|Within the fourth week of classes||25%|
|After the fourth week of classes||0%|
Withdrawals must be approved by the Assistant Dean of your College and processed through the Registrar before refunds will be processed.
Students offered a Saint Michael’s College scholarship or grant will forfeit a percentage of their award equal to the percentage at which the tuition and fees are refunded.
Students with Title IV federal aid, who withdraw before the 60% midpoint of the semester, will have their federal aid recalculated according to the Federal Return of Title IV Aid policy. Students may be eligible to receive some of the federal aid based upon the percentage of the term completed. Saint Michael’s College may be required to return Federal Funds, they will be returned in the following order: Federal Direct Unsubsidized Loan, Federal Direct Subsidized Loan, Federal Perkins Loan, Federal Direct Graduate Plus, Federal Direct Parent Plus, Federal Supplemental Education Opportunity Grant, Federal Pell Grant. In some cases, students may owe Saint Michael’s College a balance due as a result of the returned federal aid.
Consider Tuition Insurance to supplement and strengthen our refund policy.
Protect your Higher Education Investment with the GradGuard™ Tuition Insurance Plan Learn more at www.GradGuard.com/tuition/smcvt or call 1-866-724-4384.