B Refunds of Tuition and Fees
When a student who quits school receives a refund of tuition or mandatory fees, the following applies:
 
Funds originally determined not countable that are refunded are not countable.
Funds retained by the institution are not countable.
Continue to count educational income budgeted during the period for which the countable income has been prorated. This includes those students who left school prior to a new NA application.
When the refund is for an expense allowed as a deduction from countable educational income, prorate the amount over the remainder of the period it is intended to cover.