Refund Policies and Procedures
Refund Process
You do not need to submit a request for a refund to be processed; all refunds are automatically processed once financial aid disburses for a term. If you have signed up for eRefund, your refund amount will be directly deposited to the bank of your choice within 48 hours of the refund being processed. Otherwise, a paper check will be mailed to your billing address on file when your refund is processed.
Financial Aid Refunds
In compliance with federal regulations, automatic refunds are processed for all federal financial aid recipients whose total federal funds exceed allowable expenses. Allowable expenses include tuition, fees, University housing, dining plans, and health insurance. Even if you received a refund, please continue to check your eBill each month for changes to your account or adjustments to financial aid that may result in an account balance.
Please note that for parents receiving a refund from a Direct Parent PLUS Loan, your refund will be mailed to you at the address you listed on your PLUS Loan application as a paper check.
Payment Refunds
Refunds from payments made to the University will be processed depending upon the type of payment made:
- Personal Check – Funds from personal checks are held for 10 days before they can be refunded.
- Credit Card – Refunds from a credit card payment will be issued directly to the credit card used. The credit can take anywhere from 5–7 business days to be applied to your credit card from the date the University processes it.
- Domestic Wire Transfers – Refunds from a domestic wire transfer will be distributed directly to the student.
- International Wire Transfers – Refunds of less than $10,000 will be distributed directly to the student. Refunds in excess of $10,000 require distribution to the bank that issued the wire payment. The Cashier's Office will reach out to students to collect the necessary information for these types of refunds to be processed.
Tuition Refunds
Drexel University has established a tuition refund policy that allows a refund of tuition and fees when you withdraw from Drexel University or when you’re billed by credit hour and withdraw from a course(s). Nursing equipment fees and health insurance are nonrefundable charges. The refund is a credit to your student account and may result in adjustments to your financial aid. If a credit balance is created on your student account, the credit balance will be refunded to you.
Not included in this policy are charges for University housing and dining plans. Please visit Housing and Residence Life for further information on housing cancellations and Dining & Retail Services for dining plans.
Tuition Refund and Credit Schedule
| Effective Date of Withdrawal from Drexel | Refund Amount |
|---|---|
|
Before First Day of Term |
100% |
|
First Calendar Week |
100% |
|
Second Calendar Week |
75% (Quarter Programs) |
|
Third Calendar Week |
50% |
|
Fourth Calendar Week |
25% |
|
Fifth Calendar Week |
None (Quarter Programs) |
|
After Fifth Calendar Week |
None |
| Effective Drop Date of Course(s) for Students Billed Per Credit Hour | Refund Amount |
|---|---|
|
Before First Day of Term |
100% |
|
First Calendar Week |
100% |
|
Second Calendar Week |
75% (Quarter Programs) |
|
Third Calendar Week |
50% |
|
Fourth Calendar Week |
25% |
|
Fifth Calendar Week |
None (Quarter Programs) |
|
After Fifth Calendar Week |
None |
| Effective Drop Date | Refund Amount |
|---|---|
|
Before Classes Start |
100% |
|
First Calendar Week |
100% |
|
Second Calendar Week |
50% |
|
After Second Calendar Week |
None |
For online students residing in Maryland, Drexel University complies with the state of Maryland's Refund Policy. This policy will supersede the general University policy, unless the University's policy is more beneficial for the Maryland student.
Nursing equipment fees and health insurance are nonrefundable charges.
The refund is a credit to your student account and may result in adjustments to your financial aid. If a credit balance is created on your student account, the credit balance will be refunded to you.
The minimum refund that Drexel University shall pay to a Maryland student who withdraws or is terminated after completing only a portion of a course, program, or term within the applicable billing period is as follows:
| Proportion of Total Course, Program, or Term Completed as of Date of Withdrawal or Termination | Refund Amount |
|---|---|
|
Before 10% of the Term Completed |
90% |
|
Between 10% and 19% of the Term Completed |
80% |
|
Between 20% and 29% of the Term Completed |
60% |
|
Between 30% and 39% of the Term Completed |
40% |
|
Between 40% and 60% of the Term Completed |
20% |
|
More than 60% of the Term Completed |
None |
Please note: A refund due to a Maryland student shall be based on the date of withdrawal or termination and paid within 60 days from the date of withdrawal or termination.
For online students residing in Wisconsin, Drexel University complies with the state of Wisconsin's Refund Policy. This policy will supersede the general University policy, unless the University's policy is more beneficial for the Wisconsin student.
Nursing equipment fees and health insurance are nonrefundable charges.
The refund is a credit to your student account and may result in adjustments to your financial aid. If a credit balance is created on your student account, the credit balance will be refunded to you.
The minimum refund that Drexel University shall pay to a Wisconsin student who withdraws or is terminated after completing only a portion of a course, program, or term within the applicable billing period is as follows:
| Days Completed | Refund Amount |
|---|---|
|
Before 10% Completed |
90% |
|
Between 11% and 20% Completed |
80% |
|
Between 21% and 30% Completed |
70% |
|
Between 31% and 40% Completed |
60% |
|
Between 41% and 50% Completed |
50% |
|
Between 51% and 60% Completed |
40% |
|
More than 60% of Term Completed |
0% |
Please note: A refund due to a Wisconsin student shall be based on the date of withdrawal or termination and will be paid within 60 days from the date of withdrawal or termination.
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