Credit Balance/Withdrawal Polices - Traditional
Credit Balance Refunds
A Statement of Authorization and Certification must be on file before a refund check will be issued.
Withdrawal Refund Policy
A student who officially withdraws from the University may receive a full or partial refund (credit) based on the date of the withdrawal date. The withdrawal date is the date that the Registrar’s Office records the withdrawal. Regardless of any adjustments to your charges, the student’s financial aid may be adjusted based on the percentage of the semester completed before withdrawing. In some cases, Federal Return of the Title IV Funds regulations may require that aid be returned to the federal government for a student who completely withdraws from Averett University before 60% of a term has been completed. Financial aid is awarded for the entire term, which is generally a 15-week period. If a student does not complete the entire 15 weeks, the Return of the Title IV Funds rules will determine how much financial aid has been earned. The student can keep that amount for the term, but the unearned part must be immediately returned to the federal government. In some situations, this will leave the student with a balance due to the university. Funds are returned to the federal government in the following order: Unsubsidized Direct Loan, Subsidized Direct Loan, Perkins, Grad PLUS Direct Loans, PLUS Direct Loans, PELL and SEOG. Click here for more information.
Withdrawal procedures: Non-attendance of class does not constitute withdrawal. Any student who withdraws from the university, regardless of the reason, must see the Dean of Student Success and complete the withdrawal process. Failure to officially withdraw will result in academic penalties. Upon withdrawal from the university the student's identification card must be surrendered.
If changes are made and the student still is taking at least 12 hours, there will be no adjustment in the full-time tuition rate.
Room/Board and Fees
Flight Courses: Fees are prorated based on time incurred; however, there is a penalty of 10 percent of the unused fee assessed for those who withdraw after the last day to add a class.