Chestnut Hill College Financial Aid Policies
Financial Aid Policy
Chestnut Hill College reserves the right to reduce financial aid because of a change in the student's enrollment, housing status or if a student receives additional funding from an outside source. Financial Aid may also be reduced if there has been an error in the calculation of a student's financial aid.Chestnut Hill College will reduce a student's institutional funding or other financial aid if the total of all grants, scholarships, and subsidized Stafford Loans exceeds tuition costs for a full-time student not living on the Chestnut Hill College campus.
Chestnut Hill College will reduce a student's institutional funding or other financial aid if the total of all grants, scholarships, and subsidized Stafford Loans exceeds tuition, room and board costs for a full-time student living on the Chestnut Hill College campus.
If a student receives an outside grant or scholarship, a student's Financial Aid may be adjusted.
Named scholarships and grant recipients must complete the Free Application for Federal Student Aid (FAFSA) in order to renew their scholarship or grant.
Refund
Policy
Full-time students who officially withdraw from all classes at the College are eligible for refunds if tuition according to the schedule below. Only the portion of the Residential Living Charge associated with Board Costs is refundable according to the schedule below. Fees, Health Insurance and Other Charges are non-refundable after the first day of classes. Students who withdraw from the College may also have to return a portion of the Federal Financial (Title IV) Aid they received. For purposes of calculating refunds, the calendar week begins as for the first scheduled class time of each session. For more information on the Refund Policy contact the Office of Student Financial Services at 215-248-7100.
Withdrawal:
Prior to the beginning of the session 100%
Within the first calendar week 80%
Within the second calendar week 60%
Within the third calendar week 40%
Weeks thereafter 0%Part-time students who withdraw from an individual course after the Drop/Add date and full-time students who drop to part-time status by dropping or withdrawing from a course after the Drop/Add date will not be eligible for any refund.
To establish the amount of refund, students must give notice of withdrawal in writing to the Dean of the College for Women. Credit for tuition will be calculated form the date the Dean of the College for Women receives notification in writing. No deduction in tuition or payment refund will be made for absence after entrance or for dismissal. For purposes of calculating refunds, the calendar week begins as of the first scheduled class time of each session. Contact the Business Office at (215)248-7100.
Refund for board is pro-rated. There is no refund for room charges. The General Fee is non-refundable.
Return
of Unearned Federal Financial AID (Title IV Refund)
A student who received federal Title IV financial aid, as defined previously, and who withdraws from all classes at Chestnut Hill College, will be required to return some or all of the federal Title IV funds. The amount of federal financial aid to be returned will be the largest amount as determined by using the Federal Refund Policy (except for first-time students who use the Pro-Rata Refund Policy), which is calculated by dividing the total Title IV funds (less workstudy earnings) by the student's total aid package and applying this fraction to the Chestnut Hill College refund. The resulting amount is the amount of funds to be returned to the Title IV Program. The Pro Rata Refund Policy is used only for first-time students withdrawing before 60% of the term is completed. Charges are pro-rates depending on the student's date of withdrawal.
Returning money to the Title IV programs will be made in the following
order:
1. Federal Unsubsidized Stafford Loan;
2. Federal Subsidized Stafford Loan;
3. Federal PLUS Loan;
4. Federal Perkins Loan;
5. Federal Pell Grant;
6. Federal SEOG;
7. Other Title IV programs;
8. Other Federal sources of aid;
9. Other state, private or institutional aid;
10. The student.