Refund Policy. Refunds are College payments returned to the student and/or to the financial aid source(s) from which payment originated. Refunds are made within thirty (30) days of the student’s official withdrawal date. Refunds of overpayments are made to the student within fourteen (14) days of the funds being posted to the student account in the Business Office.
Adjustment of Charges. Wesleyan’s institutional refund policy is as follows: (A) Withdrawal from the College before the first day of classes: 100% of all charges (B) Withdrawal from the College on or after the first day of classes: 1. Tuition: (a) withdrawal during the first week of classes: 75% (b) withdrawal during the second week of classes: 50% (c) withdrawal after the second week of classes: none 2. Room and Board: none 3. Fees: none The administration retains the right to adjust institutional refund rates in special circumstances of an emergency or medical nature.
Adjustment of Credits. For students who receive federal Title IV financial assistance and withdraw from the College on or before completing 60% of a semester, the refund amount (return to Title IV funds) is calculated using a statutory pro rata return policy set forth by the United States Department of Education. The pro rata return is calculated based on the percentage of funds earned while enrolled. Return to Title IV funds are applied in the following order, as prescribed by federal law and regulations: • Unsubsidized Federal Stafford Loans • Subsidized Federal Stafford Loans • Federal Perkins Loan • Federal Parent Loans for Undergraduate Students (PLUS) • Federal Pell Grant • Federal Supplemental Educational Opportunity Grants • Other federal aid Financial assistance received from state, institutional, and outside sources will be returned to those origination sources in accordance with each originator’s policy for tuition refunds. Dropping and Adding Course(s). Students should exercise great caution in making changes to their course load during the drop/take period in any term, as changes to course schedules may affect both tuition charges and financial aid. Consultation with the Financial Aid Office staff is strongly advisable before making any adjustment to a course schedule. After the drop/take period in any term, no adjustment of tuition will be made, although adjustments to financial aid may be made.
Delinquent Accounts. The College will submit past due accounts to an outside collection agency and use the full extent of the law to collect delinquent accounts. The student will be responsible for any and all costs associated with the collection of this debt.
Tuition Financing Options. Wesleyan College offers the following alternatives for financing college costs: Guaranteed Cost Plan, MasterCard, VISA, American Express, Discover, and the monthly payment plan available through the Sallie Mae TuitionPay plan. For further information regarding these options, contact the Business Office. Credit Balance Checks. Credit balance is the term we use to refer to excess money left over on a student account after all charges to the account have been paid. Excess funds are distributed once per week pending no system downtime or conflicts such as holidays.
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