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Refunds/ Withdrawal

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Refunds/Withdrawal

What is the withdrawal refund policy?

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Please refer to the Tuition Refund Policy in the ORU catalog for the current refund schedule and rates.

Why do you have a policy to return monies when I withdraw from class(es)?

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Your financial aid award is dependent upon your enrollment at ORU. If you enroll in fewer courses your charges, budget, and financial aid award will be adjusted. This adjustment often results in a return of loan or grant funding to the government.

What happens if I drop some, but not all, of my classes?

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If you drop classes before the Drop/Add deadline, you will not be charged for the dropped hours. However, your financial aid package will be adjusted if your enrollment status is affected (i.e. you drop from full-time to half-time). If you are enrolled less than full-time you will not be eligible for institutional scholarships or grants and you may not be eligible for, or have reduced eligibility for, federal loans and grants. If you drop credit hours after Drop/Add, a partial tuition refund may be processed for the dropped credits. Refer to the Tuition Refund Policy in the ORU Catalog for a schedule of dates and refund percentages. Dropping hours after the Drop/Add deadline may cause your Financial Aid budget to change, which could affect your Financial Aid package. Please contact the Financial Aid Office (orufinaid@oru.edu) if you are planning to make a change to your number of registered or enrolled hours.

How do you determine the Return of Title IV Funds amount?

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Federal aid that was disbursed or eligible for disbursement at the time of withdrawal is prorated based on the number of days you attended out of the total number of days in the semester.

How will withdrawing from my classes this semester affect future enrollment at ORU?

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Please review ORU’s Satisfactory Academic Progress policy before withdrawing from the university, as doing so could affect your eligibility for federal aid in the future.

Also note that any balance that might be created as a result of returning federal funds due to withdrawal must be paid by the student before you can reenroll at ORU.

How will the money be returned?

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Your Financial Aid was awarded based on the expectation that you would complete the entire semester. Therefore, you may not be eligible for all of the funds awarded/disbursed to you. The Financial Aid office is required by the U.S. Department of Education to perform a return of funds calculation. Federal aid that was disbursed or eligible for disbursement at the time of withdrawal is prorated based on the number of days you attended out of the total number of days in the semester. We will notify you via ORU email of any balance owed or refund available within 30 days of your withdrawal date.

What happens to my aid if I drop all of my courses?

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If you drop all of the courses for which you are registered in a semester, you are considered to have withdrawn from ORU. You must complete a Request for Withdrawal form through the Student Development Office at 918-495-7703.

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