Call For More Information
For questions regarding Undergraduate Programs call 215-437-2219.
For questions regarding Graduate Programs call 267-341-3327.

Holy Family

Withdrawal and Return of Funds Policy

  1. Students who withdraw from classes are eligible for a tuition refund based on the following schedule:

Withdrawal from Summer Session 3, Fall and Spring semesters during:

the first two weeks

100%

after two weeks

0%

Withdrawal from Summer Sessions 1 or 2 during:

the first week

100%

after first week

0%

For the above refund policy, only tuition is refundable. Fees are not refundable with the exception of the laboratory/course fee, which is totally refunded if the student withdraws prior to the first scheduled class.

2. Students who are recipients of federal* financial aid and who withdraw from all courses; drop out from all courses; are dismissed from all courses; or take a leave of absence from all courses prior to completing 60% of a semester must have their financial aid recalculated based on the percent of earned aid. (Once a student has completed more than 60% of the payment period, all financial aid is considered to be earned.)

The amount of federal financial aid that the student earns is determined on a pro-rata basis using the following formula:

Percent Earned = Number of days completed up to the withdrawal date **

Total calendar days in the term

(with an allowance for any scheduled breaks that are at least 5 days long)

The percentage of aid that is unearned (i.e., returned to the government) is determined using the following formula:

Percent Unearned = 100% minus the percent earned

Unearned aid is returned as follows:

The school returns the lesser of:

  • Institutional charges multiplied by the unearned percentage
  • Federal financial aid disbursed multiplied by the unearned percentage

The student returns:

  • Any unearned aid not covered by the school
  • When the school and/or the student must return unearned aid, it must be returned to the appropriate program(s) as follows:

    1. Direct Federal Unsubsidized Stafford Loan

    2. Direct Federal Subsidized Stafford Loan

    3. Federal Perkins Loan

    4. Direct Federal PLUS Loan

    5. Direct Federal Graduate PLUS Loan

    6. Federal Pell Grant

    7. Federal SEOG

    8. Other Title IV grant programs

Loan amounts that are to be returned by the student are repaid in accordance with the terms of the loan’s promissory note. Grant amounts that are to be returned by the student are considered a grant overpayment and arrangements must be made with the school or the U.S. Department of Education to return the funds.

The Business Office will bill the student for any funds the school must return.

* Federal financial aid includes the Federal Pell Grant, Federal Supplemental Opportunity Grant (SEOG), Federal Perkins Loan, Direct Federal Stafford Loan (subsidized and unsubsidized) and Direct Federal PLUS Loan.

** Withdrawal date is defined as the actual date the student begins the institution’s withdrawal process, the student’s last date of academically related activity, or the midpoint of the term for a student who leaves without notifying the institution.

For the purpose of refund computation, a week shall be defined as the period of seven consecutive days beginning with the official University opening and not the first day in actual attendance by the student. All Saturday classes are considered under the same policy.

Common refund examples are available and can be obtained by calling the Business Office.