Refunds & Title IV
Financial aid recipients who completely withdraw from a term or stop attending prior to the 60% point of that term are subject to the federal return of Title IV fund rules for any federal aid not earned and the Minnesota Office of Higher Education refund calculation for Minnesota State Grant and SELF Loan.
Examples of both calculations are available in the Payments and Billing Office at the student's request. You may also be eligible for a refund of a portion of the tuition and fees paid to Normandale for the semester, according to the Normandale refund policy. If you received financial aid, then a portion of the refund will be returned to the grant or loan program from which it was received and you may owe Normandale for a portion of the tuition and fees.
If you will be withdrawing completely from a term, then you must do so according to Normandale's withdraw policies. The transaction must be completed in person or via Normandale's online system.
If done through the online system, you MUST contact the Payments and Billing Office at 952-358-8227. The withdraw must be completed by the published deadlines and you are responsible for understanding the impact of such action on your account.
Normandale's Refund Policy exists for calculating the refund of institutional charges. The federal "Return of Title IV Funds" formula dictates the amount of federal Title IV aid that must be returned to the federal government by the school and the student. Normandale's Refund Policy is as follows:
Refund = 100%
Partial or total drop in credits, prior to 1st day of term or during first 5 days of term or one class day (next business day) after first class session for late starting or weekend classes.
Refund = 75%
Total withdraw, 6th - 10th day of term
Refund = 50%
Total Withdraw, 11th - 15th class day of term
Refund = 25%
Total Withdraw, 16th - 20th class day of term
Refund = 0%
Partial or Total Drop in Credits, after 5th day of term
Total Withdraw, after 20th class day of term
For Summer Term:
Refer to the summer class schedule.
The federal formula requires a return of Title IV aid if you received federal financial aid and withdrew or stopped attending all classes on or before completing 60% of the semester. The percentage of Title IV aid to be returned (that which is unearned) is equal to the number of calendar days remaining in the semester divided by the number of calendar days in the semester. Scheduled breaks of more than four consecutive days are excluded.
The responsibility to repay unearned aid is shared by you and the institution in proportion to the aid each is assumed to possess.
The institution's share is allocated among the Title IV programs, before the student's share, in the following order:
- Federal Direct Unsubsidized Stafford Loan
- Federal Direct Subsidized Stafford Loan
- Federal Direct PLUS Loan
- Federal Pell Grant
- Academic Competitiveness Grant and Federal SEOG.
Any remaining unearned aid is the responsibility of the student, must be collected from the student, and then allocated among the Title IV programs in the order indicated above.
Normandale will calculate and return its share of unearned Title IV funds and notify the student no later than 30 days after it determines that the student withdrew and return the funds within 45 days. Students return their share of unearned aid attributable to a loan under the terms and conditions of the promissory note.
Normandale may allow a student to repay unearned aid attributable to a grant under a payment arrangement satisfactory to Normandale. However, the student is not responsible for returning funds to any grant program to which they owe $50 or less.