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Refund Attribution Policy

When a student withdraws from the College prior to the end of a semester, the College’s refund policy will be used to determine the amount a student will be charged for tuition and other semester charges.  Once this amount has been calculated, the Refund Attribution Policy determines the order in which refunds or overpayments of financial aid are distributed back to the applicable programs for up to the full amount received.  Funds are returned first to the Title IV Programs and then to Non-Title IV programs in the following order:

TITLE IV PROGRAMS NON-TITLE IV PROGRAMS
Direct Unsubsidized Stafford Loans NYS TAP
Direct Subsidized Stafford Loans Daemen College Scholarships/Grants
Federal Perkins Loan Private Scholarships/Grants
PLUS Loan Private Loans
Federal PELL Grants
FSEOG
Other Title IV Student Aid
Updated on June 24, 2019

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