Refund of Tuition and Fees

The refund policy is subject to change without prior notice. Notifications of withdrawal and requests for refunds must be in writing. Refunds are processed upon the completion of the withdrawal process. Students who withdraw from college in accordance with the rules governing withdrawals are entitled to the following refund of registration and tuition fees as established by the institution and federal regulations regarding Title IV federal financial aid. Failure to initiate and/or complete the withdrawal process from college will result in zero refund.

Federal regulations regarding Title IV federal financial aid take precedent over institutional policy for refunds to recipients of Title IV financial aid. If Title IV funds are involved and a student fails to withdraw from college and fails to complete any credits, the student will be responsible to pay LCSC within 30 days the amount returned by LCSC under the Return of Title IV Funds federal regulations.

Refunds are based on a 16-week semester, contingent upon payment in full prior to termination.

When withdrawal is completed on or before the first day of the semester, 100% of the registration and tuition fees will be refunded. If withdrawal is completed after the semester has begun, the following schedule applies:

Week Refund %

1     90%

2     80%

3     80%

4     70%

5     60%

6     60%

7     50%

8     50%

9     40%

10     0%

For students who have NOT received federal financial aid, refunds are presented to their funding agency, if applicable, and then to the student. For recipients of financial aid, refunds are distributed in the following order based upon Return of Title IV Funds regulations:

 

1) Unsubsidized FFEL/Direct Stafford Loan

2) Subsidized FFEL/Direct Stafford Loan

    1. Federal Perkins Loan

    2. FFEL/Direct PLUS Loan

5) Federal Pell Grant

6) Federal SEOG

7) Other Student Title IV Aid Programs

Students who withdraw from school and whose financial aid disbursements exceed the amount of Title IV aid earned during their enrollment period WILL be required to repay a portion of their Title IV financial aid. Additional information is available in the Controller’s Office.The refund policy is subject to change without prior notice. Notifications of withdrawal and requests for refunds must be in writing. Refunds are processed upon the completion of the withdrawal process. Students who withdraw from college in accordance with the rules governing withdrawals are entitled to the following refund of registration and tuition fees as established by the institution and federal regulations regarding Title IV federal financial aid. Failure to initiate and/or complete the withdrawal process from college will result in zero refund.

Federal regulations regarding Title IV financial aid take precedent over institutional policy for refunds to Title IV financial aid recipients. If Title IV funds are involved and a student fails to withdraw from college and fails to complete any credits, the student will be responsible to LCSC to pay the amount returned by LCSC under the Return of Title IV Funds regulations within 30 days.

Refunds are based on a 16-week semester, contingent upon payment in full prior to termination.

When withdrawal is completed on or before the first day of the semester, 100% of the registration and tuition fees will be refunded. If withdrawal is completed after the semester has begun, the following schedule applies:

 

Week Refund %

1     90%

2     80%

3     80%

4     70%

5     60%

6     60%

7     50%

8     50%

9     40%

10     0%

For students who have NOT received federal financial aid, refunds are presented to their funding agency, if applicable, and then to the student. For recipients of financial aid, refunds are distributed in the following order based upon Return of Title IV Funds regulations:

1) Unsubsidized FFEL/Direct Stafford Loan

2) Subsidized FFEL/Direct Stafford Loan

    1. Federal Perkins Loan

    2. FFEL/Direct PLUS Loan

5) Federal Pell Grant

6) Federal SEOG

7) Other Student Title IV Aid Programs

Students who withdraw from school and whose financial aid disbursements exceed the amount of Title IV aid earned during their enrollment period WILL be required to repay a portion of their Title IV financial aid. Additional information is available in the Controller’s Office.

 


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