FINANCIAL INFORMATION are to be handled when a recipient of Student Financial Aid (SFA) funds withdraws from school. Morris College, therefore, has changed its refund policy to coincide with the New Higher Education Return of Title IV Funds Policy. A student who withdraws from the College after registration but before he/she has completed 60 percent of the period of enrollment is entitled to a credit of tuition, fees, room and board based on the following formula: The percentage of the period of enrollment completed = The number of calendar days completed in the period as of the day the student withdrew The number of calendar days in the period of enrollment
Percentage of the period of enrollment completed x Institutional charges = Adjusted charges after withdrawal Example: 15 days completed prior to withdrawal = 33% period of enrollment 45 days in period of enrollment completed 33% x $8,673.00 = $2862 adjusted charges
Students who move off campus during the semester for any reason other than withdrawal will not receive any refund of their room and board charges. The insurance fee also is non-refundable. NOTE: The preceding formula is also used to determine how much SFA Program funds the student has earned at the time of withdrawal. After the 60 percent point in the period of enrollment, a student has earned 100 percent of the SFA Program funds. (See Consumer Information Bulletin.)
FINANCIAL AID Morris College believes that no student should be denied a college education because of a lack of resources; and in support of this idea, the college maintains a number of financial aid programs designed to provide assistance to its needy students. This assistance is offered to the extent that funds are available in these programs, and the programs themselves are financed by the federal and state government as well as through various institutional and private sources. Among the kinds of financial aid awards that are available to students are the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, William D. Ford Federal Direct Student Loan, Federal College Work-Study, South Carolina Tuition Grant, South Carolina Life Scholarship, South Carolina Hope Scholarship, Palmetto Fellows Scholarship, South Carolina National Guard Student Loan Repayment Program, South Carolina Teacher Loan, Federal Direct Parent Loan, and a number of scholarships and other benefits provided by the college, private agencies, and the federal government. All students applying for admission to Morris College are eligible to apply for student financial aid and are encouraged to apply for such aid. Students seeking financial aid should complete the following: (1) Morris College Application for Aid (2) Free Application for Federal Student Aid (FAFSA) (on the web at www.fafsa.edu.gov.) 23