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Refund Attribution Policy

Policy Author:

Responsible Office – Department:

Effective Date of 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:

Direct Unsubsidized Stafford LoansNYS TAP
Direct Subsidized Stafford LoansDaemen College Scholarships/Grants
PLUS LoanPrivate Loans
Federal PELL GrantsPrivate Scholarships/Grants
Other Title IV Student Aid 
Updated on April 3, 2023

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