If a student withdraws, we will credit his or her account according to the guidelines which follow. The percentages relate to charges for the semester of withdrawal, Fall or Spring. We will refund any resulting credit balance by check within 60 days of withdrawal. For the purposes of this policy, a semester begins on the first day of classes and ends on the last day of final exams.

The refund formula measures the actual number of days enrolled during the semester. It is determined by dividing the number of days enrolled by the number of calendar days in the semester including weekends and holidays and excluding any breaks longer than 5 days. For example, if there are 110 days in a semester and a student withdraws on the 20th day of the semester, their charges and financial aid will be prorated to reflect that he/she has been enrolled for 18.2% of the semester (20/110).

If a student withdraws before the start of the semester and incurs no charges, his or her enrollment deposit is forfeited. In the event that the student has incurred charges, the enrollment deposit is first applied to those charges and the balance is forfeited.

If a student withdraws during the fall or spring semester, the refundable amount will be calculated by prorating the tuition, room and board charges and financial aid credits on a daily basis including weekends, but excluding any school breaks of five or more consecutive days, for the first nine weeks (60%) of the semester. There are no refunds given for tuition, room or board under any circumstances of withdrawal or dismissal after the ninth week of a semester. Lab and special course fees will be refunded 100% through the normal drop/add period (first two weeks of the semester); there will be no refunds of lab and special course fees after that time. Bookstore charges, student health insurance, fines and other miscellaneous charges or personal costs are not prorated and are non-refundable. The financial aid of any withdrawing student is prorated according to the same schedule for tuition, room and board as noted above. All Ohio Wesleyan scholarships, grants, and Title IV aid will be handled according to this same policy. State aid and other scholarships will be handled separately according to the policies of each granting entity.

If a student is a recipient of Federal Title IV financial aid, refunds to those programs are required by Federal law to be returned first, in the following order: Unsubsidized Federal Stafford Loan; Subsidized Federal Stafford Loan; Federal Perkins Loan; Federal Plus Loan; Federal Pell Grant and Federal SEOG. A student is not eligible for a refund until all Federal Title IV programs and other scholarships are reimbursed under Department of Education or other appropriate granting agency regulations. In addition, all outstanding balances with the University must be cleared before any refund would be issued to the student or parent.

Refund Insurance

An independently sponsored insurance program called the Tuition Refund Plan is available to complement OWU's refund policy. The premium is less than 1% of average tuition, room and board charges. You will receive a separate mailing regarding this plan. You are strongly urged to consider this plan, if you are concerned about receiving no refund after the ninth week of classes.

Enrollment Deposit

Upon graduation, $300 of the enrollment deposit is applied to the student account and refunded if there are no outstanding accounts. ($100 of the enrollment deposit is never refundable, as it supports the StART OWU program.) The enrollment deposit is non-refundable if a student does not enroll. For enrolled students (other than new students) who withdraw prior to the start of the next semester, refunds are made according to the following notification deadlines:

Students who leave during the semester are considered to be late withdrawals for that semester and their enrollment deposit will be forfeited, unless they plan to return to Ohio Wesleyan within one academic year. The University will hold the deposits of students taking leaves of absence. If the student does not return to full-time enrollment within one academic year after taking the leave, he or she will forfeit the deposit.

Disciplinary Withdrawals

Students leaving the University for disciplinary reasons receive refunds only to the extent prescribed by Federal refund policies.

Student Health Insurance

Students participating in the University's Health Insurance Program are covered for one calendar year, even when no longer enrolled in the University. No prorated refunds are available under this plan. No refunds are given if the waiver card has not been received by August 27, 2007. Families should receive a credit for the Health Insurance charge on the August student account invoice if the University has received and processed the waiver card. Otherwise, insurance coverage will remain in effect for the year.

Questions or requests for clarification of charges or refund policy may be addressed to:

Student Accounts Office
Ohio Wesleyan University
61 South Sandusky Street
Delaware, Ohio 43015
Telephone: (740) 368-3362
Fax: (740) 368-3373
E-mail: owstuact@owu.edu