Title IV Refund Policy
The Higher Education Amendments of 1998 changed the formula for calculating the amount of aid a student and school can retain when the student totally withdraws from all classes. Students who withdraw from all classes prior to completing more than 60 percent of an enrollment term will have their eligibility for aid recalculated based on the percent of the term completed. For example, a student who withdraws completing only 30 percent of the term will have “earned” only 30 percent of any Title IV aid received. The remaining 70 percent must be returned by the school and/or the student. The Student Account Office encourages you to read this policy carefully. If you are thinking about withdrawing from all classes prior to completing 60 percent of the semester, you should contact the Student Financial Services Office to see how your withdrawal will affect your financial aid.
*The total number of calendar days in a term of enrollment shall exclude any scheduled breaks of more than five days.
(Total institutional charges X % of unearned aid) = amount returned to program(s)
Exception: no program can receive a refund if the student did not receive aid from that program.
If you would like examples of the refund policy, contact the Office of Student Financial Services.
Upon withdrawal from the University prior to the end of the drop/add period, the Comprehensive Charge and Room will be refunded at 100 percent. After the drop/add period, there is no refund of the Comprehensive Charge or Room. This policy applies to regular terms, summer terms, eight-week terms, and two–week courses. Meal plan charges are prorated and refunded based on the week of withdrawal.
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Henderson, TN 38340
FHU / Memphis
5565 Shelby Oaks Drive
Memphis, TN 38134
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