Bulletin of McMurry University, 2005-2006 Page: 27 of 164
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5. No degree or diploma will be awarded any student until his
financial obligations to the University have been satisfied.
6. It will be necessary for McMurry University to refuse to issue
a transcript of credits or letter of transfer for any student who
has failed to meet his/her financial obligations to the
University.
7. The Texas Book Company bookstore is the supply store for
students and is operated on a cash basis. Checks and
major credit cards are also accepted.
8. All questions or problems pertaining to payment of accounts
should be discussed with the Vice President for Financial
Affairs or a representative in the Business Office. Any
dispute on a charge must be resolved within four months
from the date of the charge.
9. Personal checks will have the student I.D. number (SSN)
written on them by University staff where a student has not
done so already.
WITHDRAWING FROM THE UNIVERSITY AND TUITION REFUNDS:
After the official Census day each semester, no tuition refunds or
credits will be made for dropped classes, unless the student withdraws
completely from the University. Fees are not refundable and there is
no refund for May Term after the Census day. Room cost is non-
refundable upon withdrawal after the Census day, but board costs will
be prorated to the withdrawal date upon the receipt of the withdrawal
form in the business office.
Whereas professors are able to academically withdraw a student from
class for non-attendance, a student should not expect a professor to
take such action automatically. It is the student's responsibility to
process a withdrawal in order to receive tuition refunds (if applicable,
see below) and to assure good standing with Title IV financial aid in the
future.
Tuition refunds for those students who withdraw from the University will
be granted according to the following schedule:Fall Semester 2005
100% refund
75% refund of tuition
50% refund of tuition
0% refund of tuition
Dyess 1st Mini-Term Fall 2005
Aug 22-Oct 12
100% refund Aug 22-26
75% refund Aug 27-Sept 30
50% refund Aug 31-Sept 1
0% refund Sept 2
Spring Semester 2006
100% refund
75% refund of tuition
50% refund of tuition
0% refund
Dyess 1st Mini Spring 2006
Jan 16-March 10
100% refund January 16-20
75% refund January 21-24
50% refund January 25-26
0% refund January 27May Term 2006
100% refund
0% refundAug 22-Dec 9
August 22-31
September 1-9
September 10-16
September 17
Dyess 2nd Mini-Term Fall 2005
Oct 13-Dec 9
100% refund Oct 13-19
75% refund Oct 20-23
50% refund Oct 24-25
0% refund Oct 26
January 16-May 12
January 16-25
January 26-February 3
February 4-10
February 11
Dyess 2nd Mini Spring 2006
Mar 20-May 12
100% refund March 20-24
75% refund March 25-28
50% refund March 29-30
0% refund March 31May 15- June 2
May 15
May 16Summer Session 1 2006
June 5-July 7
100% refund June 5-7
75% refund June 8-12
50% refund June 13-15
0% refund June 16Summer Session 11 2006
July 10-Aug 11
100% refund July 10-12
75% refund July 13-17
50% refund July 18-20
0% refund July 21WITHDRAWAL CALCULATIONS PROCEDURES/POLICY
A student who must withdraw completely from the University may
encounter several financial refund calculations. The first thing
considered is the University's refund schedule. Further refunds will be
dictated by the type of financial aid that the student has accepted, what
has been received by the University and what the student may have
received through cash draws from his/her account.
The University's refund policy reflects a 100% refund through the 'Last
day to register or add a class' for each semester. No financial aid will
be granted during that time. After the 'Last day to register or add a
class' of each semester, a decreasing percentage of tuition only, is
refundable through the 26th calendar day of the fall and spring
semester (for Mini Dyess terms and summer terms, please see tuition
refund schedule above). That amount is credited to the student's
account.
If only a percentage of tuition is refundable by the University's policy or
if a student withdraws after the last day to receive any tuition refund,
the financial aid for that student is reviewed. Title IV Funds (involving
Stafford Loans, Perkins Loans, Parent Loans, Pell Grants, & SEOG
Funds) that come from the government are subject to refund and
repayment. The steps in this procedure include:
1. Calculating the percentage of earned aid based on the
number of days the student attended classes up to 60% of
the semester.
2. Applying that percentage against the aid received.
3. Returning the amount of the unearned portions of aid back to
the Title IV programs.
* This may increase the balance owed to the
university but decrease what the student would
owe later against a loan.
* If the student made cash draws from this aid, it
may create a repayment from the student due to
the Title IV program.Example #1:
Total Cost
Tuition = 4000.00
Title IV Aid
Balance Owed by Student
Withdrew 50% University Tuition Refund Policy
Withdrew at 20% Title IV
Earned Aid (80% refund to Title IV programs)
Final Balance Student Owes University
Example #2
Total Cost
Tuition = 4000.00
Institutional Aid
Title IV Aid
Balance Owed by Student
Withdrew 0% University
Tuition Refund Policy
Withdrew at 40% Title IV
Earned Aid (60% refund to Title IV programs)
Final Balance Student Owes University6000.00
4000.00cr
2000.00
2000.00cr
3200.00
3200.00
6000.00
1000.00cr
4000.00cr
1000.00
2400.00
3400.00A student found to have received all 'F,' 'WF,' and 'I,' grades at the end
of a semester is also subject to the Title IV calculation as described
above. However, additional steps will be taken to support if the student25
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McMurry University. Bulletin of McMurry University, 2005-2006, book, May 2005; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth86243/m1/27/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting McMurry University Library.