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.