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Financial Aid

Return Policy for Non-Federal Financial Aid Recipients

SFA also requires a return of funds for all non-federal financial aid recipients who withdraw during the semester. In the event that non-federal financial assistance programs or privately funded scholarships have their own return policy, their policy supersedes this policy.

Schedule of Non-Federal Aid Return: Regular Semester
Prior to the first class day 100%
During the first five class days 80%
During the second five class days 70%
During the third five class days 50%
During the fourth five class days 25%
After the fourth five class days none

Percentage indicates the amount of the award that must be returned.

Schedule of Non-Federal Aid Return: Summer Term
Prior to the first class day 100%
During the first five class days 80%
During the second five class days 60%
During the third five class days 40%
After the third five class days none

Percentage indicates the amount of the award that must be returned.

The student will be responsible for reimbursing the university for any funds returned by the university on behalf of the student.