- If a student withdraws from the university, the University Business Office may adjust charges based upon his/her withdrawal date and the JMU Refund Policy. (For the university refund policy, please refer to www.jmu.edu/ubo. )
- Regardless of any adjustment to your charges, the student’s financial aid may be adjusted based on the percentage of the semester completed before withdrawing. In some cases, Federal Return of Title IV Funds regulations may require that aid be returned to the federal government for a student who completely withdraws from JMU before 60% of a term has been completed. Financial aid is awarded for the entire term, which is generally a 15-week period. If a student does not complete the entire 15 weeks, the Return of Title IV Fund rules will determine how much financial aid has been earned. The student can keep that amount for the term, but the unearned part must be immediately returned to the federal government. In some situations, this will leave the student with a balance due to the university. Funds are returned to the federal government in the following order: Unsubsidized Direct Loan, Subsidized Direct Loan, Perkins, Grad PLUS Direct Loan, PLUS Direct Loan, Pell and SEOG. (See the “JMU Terms and Conditions for Financial Aid- Consumer Information” found in the “Forms” section at www.jmu.edu/finaid for a detailed example and description of this, as well as how receiving all “F” grades in a term can impact financial aid eligibility.) Additionally, certain state grants are also subject to being reduced based on applicable state policies regarding grants and withdrawals.