Tuition Refund Policy
TUITION REFUND POLICY
CUSM students who withdraw, or are otherwise withdrawn or de-enrolled by CUSM, are subject to CUSM’s Tuition Refund Policy. A tuition refund calculation is performed within 14 days of the Effective Withdrawal Date (EWD) – also known as Last Day of Attendance (LDA). The tuition refund calculation is determined by the daily charge for the semester [total tuition charge, divided by the number of days in the semester, multiplied by the number of days the student attended or was scheduled to attend, prior to withdrawal]. Calendar days (including weekends) are used. CUSM students are ineligible for a tuition refund if they have completed more than 60% of any semester. If a student is eligible for a refund, the refund will be made within 45 days of the effective withdrawal date/last day of attendance.
CALCULATION
STEP 1 – Determine Days of Attendance
Tuition Liability: CUSM students are ineligible for a tuition refund if they have completed more than 60% of any semester (Instruction Days). “A 60% point in relation to tuition liability typically refers to the point in an academic semester where a student is considered to have earned 100% of the tuition they are charged. This means that if a student withdraws from all classes after this point, they may not be entitled to a refund of tuition”
STEP 2 – Calculate Tuition Refund/Adjustment
RETURN OF TITLE IV FEDERAL (R2T4) CALCULATION
If you are a recipient of Federal Funding (Title IV), an R2T4 calculation will be completed to determine if the student has earned/unearned portions of Title IV funds as of the effective withdrawal date (EWD) – also known as the last day of attendance (LDA). R2T4 is a federal regulation requiring students who withdraw from school before completing more than 60% of their semester to return any unearned federal student aid. When performing an R2T4 calculation, scheduled breaks of 5 or more consecutive days are excluded from the semester. Please note that CUSM’s Tuition Refund Policy and Return of Title IV Federal funds (R2T4) procedures are independent of one another. For more information about R2T4, please contact the Financial Aid office at FinancialAid@cusm.edu.