withdrawal policy

Return of Financial Aid Funds for Withdrawn Students

Students who withdraw completely from Lesley and who have been awarded financial aid may have their financial aid awards adjusted according to calculations mandated by federal and state regulations and policy. The Federal Return of Funds regulations requires that the Financial Aid Office calculate the amount of financial aid that must be returned to the federal government and other agencies and the amount that can be retained to pay Lesley charges. Students who are considering withdrawing are encouraged to contact the Financial Aid Office at 617.349.8581 for more details.

The calculation of the return of Title IV funds is determined by the date that the student withdraws, which could be:

• The date the student began Lesley University's withdrawal process;
• The date the student officially notified the institution of intent to withdraw;
• The student's last date of attendance at a documented academically related activity;
• The midpoint of the enrollment period for a student who leaves without notifying the institution (an unofficial withdrawal).

Title IV aid and all other aid is earned during the time a student is attending Lesley University. The percentage of aid earned is determined by dividing the number of days a student was enrolled by the number of days in the semester, up to the 60% point. Return of Title IV funds is no longer necessary after that point. If the student withdraws from all courses after the 60% point in the semester, Title IV aid is viewed as 100% earned. However, if a student completely withdraws prior to that 60% point, the student may owe back part of his/her financial aid if the Financial Aid Office determines the student has received an amount larger than the earned amount.

The refund policy for state financial aid is the same as the federal policy. A copy of the worksheet used for this calculation can be requested from the Lesley University Financial Aid Office.

The term "Title IV Funds" includes the following programs:

• Federal Pell Grant
• Federal Supplemental Educational Opportunity Grant (FSEOG)
• Federal Academic Competitiveness Grant (ACG)
• Federal Direct Subsidized Stafford Loan
• Federal Direct Unsubsidized Stafford Loan
• Federal Direct Parent PLUS Loan
• Federal Perkins Loan

In accordance with federal regulations, financial aid funds are returned and allocated in the following order:

1. Federal Direct Unsubsidized Stafford Loan
2. Federal Direct Subsidized Stafford Loan
3. Federal Direct Parent PLUS Loan
4. Federal Pell Grant
5. Federal SEOG Program
6. Other Title IV programs
7. Other state, private, and institutional aid
8. Any refund due the student

Lesley University will also return any funds necessary to Title IV programs upon completing the calculation. The student's responsibilities in regard to the return of Title IV funds include repaying to the Title IV or state programs any funds that were disbursed directly to the student and which the student was determined to be ineligible for via the Return of Title IV Funds Calculation. The procedures and policies listed above supersede those published previously and are subject to change. Please contact the Financial Aid Office if you have any questions about this policy. Students who are not financial aid recipients should refer to the institutional policy.