Refund/Repayment Policy
Financial aid recipients
withdrawing from the university and receiving a refund from the UMHB Bursar’s
Office in accordance with the policy listed under the Financial Information
section in this catalog may be required to repay institutional aid to UMHB with
the refund. The percentage of institutional aid repaid to UMHB will be based
upon the percentage of refund received by the student. (i.e. Students receiving 80% tuition refund will repay 80% of the
institutional aid.)
State and federal financial aid
will be returned in accordance with governmental regulations upon a student’s
withdrawal. State financial aid will be returned to the state in a declining
percentage through the first four weeks of a semester.
Title IV Funds (Federal financial
aid) must be returned through 60% of the semester. (i.e. A student withdrawing at the midpoint of a semester must
return 50% of Title IV funds received.)
The return of Title IV funds by
UMHB due to the withdrawal of student before completing 60% of a semester will
result in an amount being owed to UMHB by the student. UMHB will make an
adjusted refund to students withdrawing during their first semester of attendance
to compensate for the mandated return of Title IV funds by refunding the lesser
of the amount due UMHB or the amount of Title IV funds returned less funds
disbursed to student.