The following chart indicates the Institutional Refund Policy for withdrawal and leave of absence from the College:
|Before start of classes to 1st day of class
|After 1st day to before end of 10% of term
|End of 10% of term to before end of 25% of term
|End of 25% of term to end of 50% of term
|After 50% of term to end of term
Title IV Funds Policy
Albany College of Pharmacy and Health Sciences uses the revised policy of Return of Title IV Funds as amended in section 484B of the Higher Education Act of 1965.
Each student receiving Title IV assistance will have his or her financial award recalculated to adhere with federal regulations. Federal funds will be returned when required by law.
The Return of Title IV Funds (Return) regulations dictate the statutory schedule used to determine the amount of Title IV funds (federal student aid) a student has earned as of the date he or she ceases attendance. The amount of Title IV program assistance earned is based on the amount of time the student spent in academic attendance; it has no relationship to the student’s incurred institutional charges.
Up through the 60 percent point in each payment period or period of enrollment, a pro rata schedule is used to determine the amount of Title IV funds the student has earned at the time of withdrawal. After the 60 percent point in the payment period or period of enrollment, a student has earned 100 percent of the Title IV funds.
The Return regulations do not prohibit a school from administering its own refund policy or complying with refund policies required by state or other outside agencies. Although an institutional, state or agency refund policy will determine the charges a student will owe after withdrawing, those policies will not affect the amount of aid the student has earned under the Return calculation.