Refund Policies

Dropping Classes
Students who drop (or are dropped by Mercy College for) a portion of their scheduled class load by the second Friday of the semester (prorated for short terms) will receive a full credit of applicable tuition. Students dropping a portion of their scheduled class load after the second Friday of the semester will not receive a credit of applicable tuition. A completed Schedule Change form must be completed by the student and received by the Registrar prior to this deadline for a refund to be issued. Federal guidelines for refunding disbursed Title IV Funds are found in the section entitled "Return of Title IV Funds."

Withdrawal from Mercy College
Students who drop all of their classes or withdraw from Mercy College by the second Friday of the semester (prorated for short terms) will receive a full credit of applicable tuition. Students dropping a portion of their scheduled class load after the second Friday of the semester will not receive a credit of applicable tuition. A completed Schedule Change form must be completed by the student and received by the Registrar prior to this deadline for a refund to be issued. Federal guidelines for refunding disbursed Title IV Funds are found in the section entitled "Return of Title IV Funds."

A student officially withdraws from Mercy College when he or she completes an Exit Form in the Registrar's Office and drops all classes without any credit being awarded for the semester. To return to Mercy College, the student must complete a Readmission application and submit the applicable fee. (See Refund Policies and Return of Title IV Funds for further details about readmission fees.)

Return of Title IV Funds
If a student withdraws completely or is dismissed from Mercy College prior to completing 60% of the semester, the Higher Education amendments of 1998, Public Law 105-244 requires any federal Title IV financial aid received to be returned or repaid in accordance with federal policies.

Students will be notified if they are required to repay federal or state funds (grants and/or loans). Failure to repay or make satisfactory payment arrangements will result in becoming ineligible to receive Federal Title IV funds at any institution.

In addition, Mercy College is required to return any unearned portion of Title IV funds that have been used to pay tuition. Any outstanding balance resulting from such a return of funds will be the responsibility of the student. Repayment arrangements must be made with the Mercy College Business Office.

Excess Payments
If a credit balance occurs in a student account, a refund will be issued according to stated policies unless the student requests that the credit be applied towards future obligations. Refund checks are made available for students within 14 days after the funds are received by the College or the start of the semester, which ever is later. New students to Mercy College will receive refund checks 30 days after the start of their first semester in accordance with Federal regulations. Students are required to complete an entrance interview to comply with federal regulations. A student who has received federal or state aid has agreed through the application process that funds will be used solely for education-related expenses.