Fall 2012
| Course Length |
Week of Drop and Percent of Refund |
|---|---|
|
1 - 14 weeks |
9/5/12-9/18/12: 100% 9/19/12-10/2/12: 50% After 10/2/12: none |
|
1 - 17 weeks |
9/5/12-9/18/12: 100% 9/19/12-10/2/12: 50% After 10/2/12: none |
|
1 - 7 weeks |
9/5/12-9/11/12: 100% 9/12/12-9/18/12: 50% after 9/18/12: none |
|
8 - 14 weeks |
10/24/12-10/30/12: 100% 10/31/12-11/6/12: 50% After 11/6/12: none |
|
15 - 17 weeks |
1/2/13-1/8/13: 100% 1/9/13-1/15/13: 25% After 1/15/13: none |
Spring 2013
| Course Length |
Week of Drop and Percent of Refund |
|---|---|
|
1 - 14 weeks |
1/28/13-2/10/13: 100% 2/11/13-2/24/13: 50% After 2/24/13: none |
|
1 - 17 weeks |
1/28/13-2/10/13: 100% 2/11/13-2/24/13: 50% After 2/24/13: none |
|
1 - 7 weeks |
1/28/13-2/3/13: 100% 2/4/13-2/10/13: 50% after 2/10/13: none |
|
8 - 14 weeks |
3/25/13-3/31/13: 100% 4/1/13-4/7/13: 50% After 4/7/13: none |
|
15 - 17 weeks |
5/13/13-5/19/13: 100% 5/20/13-5/26/13: 25% After 5/26/13: none |
1. CAUTION: Dropping and adding classes may increase your cost. Dropped courses after the 100% refund periods are included in the total credits used for fee calculation. Course drops and adds after the 100% refund periods do not offset each other for cost purposes; therefore, your semester cost may increase.
2. The University does accept Wisconsin Higher Education Bonds; however, presentation of the bond(s) for redemption does not constitute payment on account. The student may be subject to all fines, penalties and administrative action. Bonds should be presented for redemption at least 45 days prior to the start of classes.
3. In those instances in which a student can document nonattendance at the institution after having enrolled in one or more courses, the student shall be assessed fees equal to 20% of the original fees due, reduced to resident rates, plus the late payment fee.
Federal Financial Aid Return Policy for Withdrawals
Approximate percentages
| Prior to Term Begins |
Week 1 |
Week 2 |
Week 3 |
Week 4 |
Week 5 |
Week 6 |
Week 7 |
Week 8 |
Week 9 |
Week 10 |
|---|---|---|---|---|---|---|---|---|---|---|
|
100% |
94% |
88% |
82% |
76% |
71% |
65% |
59% |
53% |
47% |
41% |
* The percentages reflect the percent of financial aid that must be returned by the University.
University Refund Policy for Withdrawals**
| Prior to Term Begins |
Week 1 |
Week 2 |
Week 3 |
Week 4 |
After Week 4 |
|---|---|---|---|---|---|
|
100% |
100% |
100% |
50% |
50% |
0% |
* The percentages reflect the percent the tuition cost will be reduced as a result of the withdrawal.
These schedules do not match; therefore, the student will owe the University the difference between the refund percentage and the return percentage.
Example:
A student is enrolled in 12 credits.
The fees are $2490.48.
The financial aid disbursed to pay these fees was $2667.50 in a Stafford Loan.
The student withdraws from the credits at the end of the third week, Sept 27.
He has attended 21 days or 18% of the semester (21 days attended/115 days in semester) and therefore has earned 18% of the aid disbursed to him (.18*$2667.50=$480.15).
The total amount of aid to be returned is the amount disbursed less the amount earned, $2187.35 ($2667.50-$480.15=$2187.35).
The University must calculate the portion of the total unearned aid that it must return from the students account.
Fees are therefore unearned and $2042.19 ($2490.48*.82=$2042.19).
The university’s refund policy states that through week 3 the university will refund 50% of the tuition fees, which in this case is $1245.24.
The university is required to refund $2042.19 to the loan but the student’s account only has $1245.24 in available credit.
When the university returns the $2042.19, the student will owe the university $796.95.
Notes
-
CAUTION: Dropping and adding classes may increase your cost. Dropped courses after the 100% refund periods are included in the total credits used for fee calculation. Course drops and adds after the 100% refund periods do not offset each other for cost purposes; therefore, your semester cost may increase.
-
Three dollars of your assessed charges is a mandatory fee collected for the United Council of UW Student Governments. Students taking only off-campus courses are exempt from this fee. If you wish to receive a refund of this fee, you may request if from: United Council of UW Student Governments, Room 203, 8 W. Mifflin St., Madison, WI 53703. United Council, consisting of representatives from all the UW schools, lobbies on behalf of students and works for the systemwide improvement of student life and services.
-
The University does accept Wisconsin Higher Education Bonds; however, presentation of the bond(s) for redemption does not constitute payment on account. The student may be subject to all fines, penalties and administrative action. Bonds should be presented for redemption at least 45 days prior to the start of classes.
