Refund Policy and Refund Schedule Fall 2024
Financial Services provides critical financial and administrative services to students and employee. We are the department that bills students and third parties, processes federal financial aid refunds, pays employees and vendors, procures goods and services, prepares budgets and financial statements, processes accounting entries, reimburses employees for expenses, collects cash receipts, administers parking permits, makes student residency determinations, maintains inventory records and delivers mail to campus.
- Tuition Refunds
- Financial Aid Refunds
- Refund Schedule
- Lost/Stolen Refund Checks
- Refunds
- Title IV Funds Policy
Salisbury University delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit their Refund Choices website for more information.
Tuition Refunds
To be eligible for a refund, students must submit a completed withdrawal form to the Registrar's Office or drop classes online through GullNet. (Students who withdraw from all classes through the GullNet should review their account to assure all adjustments are correct) Dormitory residents must cancel their room reservations at the Office of Housing and Residence Life and remove all personal belongings from their rooms. All students must turn in their I.D. cards to the Gull Card Office. A stop payment of a check, failure to pay your tuition bill, failure to attend class or failure to complete student check-in does not constitute withdrawal from your financial and academic obligations to the University.
The date the withdrawal form is received or the date a course is dropped is the official date for calculation of a refund. The refund table below specifies refund eligibility dates and applicable percentages. Students who withdraw from part of their courses with a grade of "W" (i.e. enrolled in 12 credits, withdraws from 3 credits) after the official drop/add period are not eligible for a credit or refund for the dropped course(s). Questions about refunds should be directed only to the Cashier's Office. Appeals for exceptions must be in writing to the AVP of Admin and Finance, HH228A. The University is not open on weekends or holidays for the purpose of withdrawal. However, you may access the GullNet 24 hours a day, 7 days a week.
- Students who cancel their registration prior to the first day of classes will receive a 100% refund of all tuition, fees, and room and board less the following fees:
- Application Fee
- Admissions Deposit
- Breach of Contract Fee - if a replacement cannot be found for terminated housing contracts.
- $11.75 Per Meal Rate - for meals eaten prior to a meal plan being dropped.
- Please refer to the refund schedule for all other refunds.
Any unpaid charges on a student's financial account will be subtracted from any refund prior to processing a refund request. Refund checks for tuition and fees are made payable to the student.
For additional information and actual dates as to when the percentage of refunds apply, see the refund schedule below or contact the Cashiers Office at 410-543-6060.
Financial Aid Refunds
When financial aid exceeds the bill resulting in a credit balance, a refund will be generated. Federal Direct Student Loans, grants, and scholarship refunds are made payable to the student. Please visit Refunds for more information on refund disbursement methods.
Parent Plus loan refunds will be disbursed based on how the borrowing parent chose to have the refund disbursed, either to the parent or the student.
If a refund disbursement method is not selected, per federal regulations, the refund check will be mailed to the home address on file in GullNet after 21 days.
Any unpaid charges on a student's financial account will be subtracted from any refund prior to processing a refund request. Should a charge be placed on the account after a refund has been requested, (i.e. additional credits, meal plans, or changes in financial aid) the amount will be due immediately.
Students who receive financial aid can read about the return of Title IV funds policy for financial aid students who withdraw from the University:
Salisbury University Refund/Credit Policy Fall 2024
To be eligible for a refund, students must submit a completed withdrawal form to the Registrar's Office or drop classes online through GullNet. (Students who withdraw from all classes through the GullNet should review their account to assure all adjustments are correct) Dormitory residents must cancel their room reservations at the Office of Housing and Residence Life and remove all personal belongings from their rooms. All students must turn in their I.D. cards to the Gull Card Office. A stop payment of a check, failure to pay your tuition bill, failure to attend class or failure to complete student check-in does not constitute withdrawal from your financial and academic obligations to the University.
The date the withdrawal form is received or the date a course is dropped is the official date for calculation of a refund. The refund table below specifies refund eligibility dates and applicable percentages. Students who withdraw from part of their courses with a grade of "W" (i.e. enrolled in 12 credits, withdraws from 3 credits) after the official drop/add period (08/26/2024 – 08/30/2024) are not eligible for a credit or refund for the dropped course(s). Questions about refunds should be directed only to the Cashier's Office. The University is not open on weekends or holidays for the purpose of withdrawal. However, you may access the GullNet 24 hours a day, 7 days a week.
Regular 15 Week Session Fall 2024 Semester
| Inclusive Date of Drop or Withdrawal | Tuition | Fees | Room |
|---|---|---|---|
| Week 1: Until August 30 | 100% | 100% | 100% |
| Week 2: August 31 - Sept 6 | 80% | None | 80% |
| Week 3: September 7 - 13 | 60% | None | 60% |
| Week 4: September 14 - 20 | 40% | None | 40% |
| Week 5: September 21 - 27 | 20% | None | 20% |
| Week 6: September 28 and after | None | None | None |
***You must withdraw from ALL sessions to be eligible for a pro-rated refund after the drop/add period.
The 100% rate will be reduced by the $300 admissions deposit for new students. Students who have signed a housing contract will incur an $800 breach of contract fee. Students who withdraw during the first week of the semester and reside in on-campus housing will be charged the per day rate for their dorm.
7-Week Session 1
August 26 - October 15
| Inclusive Date of Drop or Withdrawal | Tuition | Fees |
|---|---|---|
| August 26 – 27 | 100% | 100% |
| August 28 – 31 | 80% | None |
| September 1 - 4 | 40% | None |
| September 5 and after | None | None |
***You must withdraw from ALL sessions to be eligible for a pro-rated refund after the drop/add period.
The 100% rate will be reduced by the $300 admissions deposit for new students. Students who have signed a housing contract will incur an $800 breach of contract fee. Students who withdraw during the first week of the semester and reside in on-campus housing will be charged the per day rate for their dorm.
7-Week Session 2
October 16 - December 9
| Inclusive Date of Drop or Withdrawal | Tuition | Fees |
|---|---|---|
| October 16 - 17 | 100% | 100% |
| October 18 -21 | 80% | None |
| October 22 – 25 | 40% | None |
| October 26 and after | None | None |
***You must withdraw from ALL sessions to be eligible for a pro-rated refund after the drop/add period.
The 100% rate will be reduced by the $300 admissions deposit for new students. Students who have signed a housing contract will incur an $800 breach of contract fee. Students who withdraw during the first week of the semester and reside in on-campus housing will be charged the per day rate for their dorm.
Meal Plan Refund Schedule
During the first week of classes, through the last day of drop/add, students can upgrade or downgrade their meal plans. Students living on campus are required to have the A or B meal plan. Chesapeake Hall residents may also choose the C or D meal plan. Sea Gull Square residents may choose any meal plan (A-E). When an upgrade or downgrade occurs, students will be charged $11.75 per meal eaten and Dining Dollars used plus a $25.00 processing fee. If a student upgrades to the unlimited plan, no meal usage will be charged, but Dining Dollars used would be charged.
| Plan | Week 1 | Week 2 | Week 3 |
|---|---|---|---|
| 8/26 - 8/30 | 8/31 - 9/6 | 9/7 - 9/13 | |
| 100% | 80% | 60% | |
| All Access | 3,040.00 | 2,432.00 | 1,824.00 |
| 200 Block Meals* | 2,925.00 | 2,340.00 | 1,755.00 |
| 125 Block Meals* | 2,045.00 | 1,636.00 | 1,227.00 |
| 75 Block Meals* | 1,345.00 | 1076.00 | 807.00 |
| 45 Block Meals* | 765.00 | 612.00 | 459.00 |
| Plan | Week 4 | Week 5 | Week 6 |
|---|---|---|---|
| 9/14 - 9/20 | 9/21 - 9/27 | 9/28 & After | |
| 40% | 20% | 0% | |
| All Access | 1,216.00 | 608.00 | None |
| 200 Block Meals* | 1,170.00 | 585.00 | None |
| 125 Block Meals* | 818.00 | 409.00 | None |
| 75 Block Meals* | 538.00 | 269.00 | None |
| 45 Block Meals* | 306.00 | 153.00 | None |
*Less all meals eaten @ $12.50 per meal
Refunds on all meal plans processed during week 1 will be reduced by a $25 processing fee, less meals eaten @ $12.50 per meal and dining dollars used. After the first week, dropping a meal plan that includes dining dollars means forfeiting any remaining dining dollars. The credit of the meal plan will be adjusted if the meals eaten and dining dollars used exceeds the net charge.
RETURN OF TITLE IV FUNDS POLICY FOR FINANCIAL AID RECIPIENTS WHO WITHDRAW
The federal government requires that when a Title IV aid recipient (Direct Stafford/Plus loan, Carl Perkins Loan, Pell Grant and SEOG) withdraws from the University during a period of enrollment in which the recipient began attendance, the University must calculate the percentage of Title IV assistance the student did not earn and return those funds to the federal government. Ex. A student completed 35% of semester; 65% of the semester was remaining and that percent of funds is considered unearned and are returned. Once 60 percent of the enrollment period has elapsed, 100 percent of the aid is determined to be earned and no calculation is required. Please contact the Financial Aid Office at 410-543-6165 if you have any questions.
DROP/ADD AND TUITION REFUND SCHEDULE
Regular 15 Week Session
- First Day of Classes: August 26
- Drop/Add Period: August 26 - 30
- Pro-Rata Period: August 31 - September 27 (Must withdraw from all classes to be eligible for a refund at the appropriate pro-rata rate)