Policy Author:
Student Accounts, Business Affairs
Responsible Office – Department:
Student Accounts, Business Affairs
Effective Date of Policy:
March 5, 2025
When a student withdraws from the University prior to the end of a semester, the University’s Liabiity 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
- PLUS Loan
- Direct Unsubsidized Stafford Loans
- Direct Subsidized Stafford Loans
- TEACH Grant
Federal Supplemental Opportunity Grant
- Federal PELL Grants
Non-Title IV Programs
- Private Scholarships/Grants
- NYS TAP
- Private Loans
- Daemen College Scholarships/Grants