Tuition refunds/credits are made for withdrawal from a course(s) when an official Schedule Adjustment (Drop/Add) Form is filed with the Office of the Registrar. Students may withdraw from a course and receive a full refund as per the refund/credit schedule below. The date of withdrawal is certified as the date on which the Schedule Adjustment (Drop/Add) Form is filed with the registrar (not the date of the last class attended).
Failure to attend class does not constitute withdrawal. Students failing to properly withdraw from a course will not receive a refund. Refunds/credits are issued per the following schedule.
Federal Financial Aid Refund Policy
Financial aid students who are considering dropping or withdrawing from one or more classes should be aware that such action could negatively affect their student account resulting in a significant balance owed to The King’s University. For this reason, students are encouraged to visit with the Office of Student Financial Services prior to schedule changes to determine the consequences of the change. Students receiving financial aid who drop or withdraw from courses for which they are receiving financial aid will be subject to the recapture of the unearned portion of the financial aid. If a student attends beyond the 60% point in any term, the institution will not recapture any Federal Financial Aid funds but institutional aid may be adjusted. TKU returns Federal Financial Aid funds to the programs from which the student received aid during the period of enrollment, in the following order, up to the net amount disbursed from each source:
- Unsubsidized Direct Loans
- Subsidized Direct Loans
- Federal Perkins Loans
- Direct Plus Loans
- Federal Pell Grants for which a return of funds is required
- Federal Supplemental Educational Opportunity Grants (FSEOG) for which a return of funds is required
Students who drop or withdraw from courses and are subject to the recapture and return of funds will not have funds disbursed to them until the Return to Federal Financial Aid form has been completed. TKU’s refund policy and the return of financial aid should not be confused. Students who drop a course may be due a full refund of their tuition. However, dropping the course may also require the student to repay a significant amount of the financial aid funds they have received for the semester (an amount which could easily exceed the refund they are due). Students contemplating a course change should consult the Office of Student Financial Services (main campus) to understand the potential effect the change may have on their financial aid. Additional information about the Return to Federal Financial Aid refund regulations can be obtained from The King’s University Office of Student Financial Services (main campus).