DEGREE-SEEKING STUDENTS REFUND POLICY
Tuition charges are reversed subject to the following conditions:
- Notice of withdrawal must be made in writing to the Registrar’s Office.
- The date of receipt of written notice of withdrawal by the Registrar’s Office determines the amount of tuition charges reversed.
Tuition charge reversal will be calculated on a pro-rated basis and applies to students withdrawing voluntarily, as well as students who are dismissed from the University for academic, disciplinary, or financial reasons. No tuition charge reversals are made after the 60% point in the semester. Not registering for courses is not considered a notification of withdrawal and may result in tuition and fees owed to the University.
New Students will receive a 100% reversal of tuition, less the Residential Orientation fee, if they notify the Registrar’s Office in writing that they are withdrawing from the program before the last day of the Residential Orientation.
Students receiving Title IV funds are subject to the Return of Federal Funds policy regarding withdrawal and refunds. Any amount in excess of the aid “earned” for the time period the student was enrolled must be returned to the federal aid program. Students who remain enrolled through at least 60% of the semester are considered to have earned 100% of the aid they received. Returning Title IV funds could result in a balance owed to the University by the student.
Withdrawal often results in a balance due to Saybrook University. Students should contact the Business Office to arrange payment for any balance owed. If the student is due a refund, a refund check will be mailed within two weeks.
Contact for Withdrawals:
NON-DEGREE COURSE FEE REFUND POLICY
Students who are taking a course on a non-degree basis and wish to withdraw or drop a class must notify the Office of the Registrar in writing of their intent. The effective date of withdrawal is the date the Registrar receives the written notification.
- Within the first week – 90% of tuition charges reversed
- Within the first month – 60% of tuition charges reversed
After the first month, there is no refund or tuition reversal offered.
Contact for Withdrawals:
FINANCIAL AID REFUNDS
Once loans have been disbursed to Saybrook University, and the student is enrolled in the minimum number of credits to maintain financial aid eligibility, the Business Office will apply them to the tuition and fees balance owed.
Any amount in excess of the balance owed will be refunded to the student. These funds will be released only after school begins, not before. Most refunds are processed within the first week of class as long as all Financial Aid deadlines have been met and the student is enrolled at least half-time.
Refund disbursements are available via direct deposit to a designated bank account by submitting a completed Direct Deposit Authorization Form with a voided check to the Business Office. If no direct deposit information is provided, refund checks will be mailed to the student’s address on file. To expedite this process, please make sure all information is current at least two weeks before the start of the semester.semester.
Contact for status of loan application and refund information:
350 N. Orleans
Chicago, IL 60654