Refunds of financial aid reduce the amount of financial aid available to pay your institutional charges (increasing what you owe).
Students who withdraw from all classes during the 100% tuition refund period will receive a full refund of all their financial aid.
Upon withdrawal, the federal financial aid refund policy will be calculated. If students receive a full (100%) refund of tuition, they are ineligible for any federal, institutional, or private sources of financial aid.
Federal Refund Policy (Return of Title IV Funds)
Students with federal aid who withdraw (or are expelled) after a term starts, but before completing 60% of the term, may need to return a portion of their federal (Title IV) aid. The percentage of Title IV aid to be returned is equal to the number of days remaining in the term divided by the number of calendar days in the term. Scheduled breaks of more than four consecutive days are excluded.
Financial Aid Refunds for Institutional and Private Funds
After calculating the federal financial aid refund policy, institutional and private gift aid is reduced by the same percent as the student's tuition was reduced.
This a summary of the Seminary Refund Policy. The complete policy is located in the Bethel Seminary catalog.