Lincoln College

Undergraduate Catalog :: Normal Campus

Credit/Refund Policy

Students who officially withdraw or are dismissed from the College shall be entitled to a credit/refund of net tuition, room, and mandatory fees. Net tuition is defined as gross tuition less Lincoln College scholarship aid. An administrative charge of $25 will be applied to the credit/refund calculations.

Note: Students should also be aware that any employer reimbursement policy for dropped classes could result in students incurring tuition costs out of pocket.

Traditional Academic Programs and Center for Adult Learning/ABE

The following credit/refund rates apply to all students who officially withdraw or are dismissed from a Lincoln College-Normal academic degree program or Certificate program. The credit/refund rates according to the term enrolled are:

Fall/Spring Semesters

Traditional 16-Week Classes:

Official Withdrawal/Dismissal Occurs Credit/Refund Rate
Prior to first day of classes 100%
During first week of classes 90%
During second week of classes 85%
During third week of classes 80%
During fourth week of classes 70%
During fifth week of classes 65%
During sixth week of classes 60%
During seventh week of classes 55%
During eighth week of classes 50%
During ninth week of classes 40%
During tenth week of classes No Credits/Refunds

Eight-Week Sessions (Traditional Academic Programs):

Official Withdrawal/Dismissal Occurs Credit/Refund Rate
Prior to first day of classes 100%
During first week of classes 85%
During second week of classes 70%
During third week of classes 55%
During fourth week of classes 40%
During fifth week of classes No Credits/Refunds

Summer Sessions

12-Week Classes:

Official Withdrawal/Dismissal Occurs Credit/Refund Rate
Prior to first day of classes 100%
During first week of classes 90%
During second week of classes 80%
During third week of classes 70%
During fourth week of classes 60%
During fifth week of classes 50%
During sixth week of classes 40%
During seventh week of classes and thereafter No Credits/Refunds

6-Week Classes:

Official Withdrawal/Dismissal Occurs Credit/Refund Rate
Prior to first day of classes 100%
During first week of classes 80%
During second week of classes 60%
During third week of classes 40%
During fourth week of classes No Credits/Refunds

Center for Adult Learning/ABE Sessions

5 and 6-Week Classes:

Official Withdrawal/Dismissal Occurs Credit/Refund Rate
Prior to first day of classes 100%
During first week of classes 80%
During second week of classes No Credits/Refunds

8-Week Classes:

Official Withdrawal/Dismissal Occurs Credit/Refund Rate
Prior to first day of classes 100%
During first week of classes 80%
During second week of classes No Credits/Refunds

Official Withdrawal Using the Credit/Refund Rate

All traditional program and ABE Students remain enrolled in all classes until they are officially withdrawn by an academic advisor.  The amount of refund and/or credit will be determined by the official effective date of withdrawal. Unless the official withdrawal occurs during the refund period, students will be held responsible for ALL tuition and fees. No money will be refunded to a student who remains officially enrolled in any course. If a student leaves without following the correct withdrawal procedure and there is a balance due on the account, the entire amount of tuition and fees is due and payable. All refunds due to students will be paid within 60 days of the date of withdrawal.

Return of Title IV Funds

Students receiving Title IV funds earn aid based on the period of time the student remains enrolled. During the first 60% of the semester, a student will receive only the amount of Title IV funds that have been earned in direct proportion to the length of time the student remains enrolled. A student who remains enrolled beyond the 60% point earns all aid for the semester. Earned financial aid is based on the percentage of days that the student remained enrolled versus the total number of days in the entire semester. The Financial Aid Office must determine the amount of unearned Title IV aid and return those funds to the appropriate federal programs. The student is then responsible for returning the unearned aid received, if any, to the College.

Reduction in Hours

Student aid eligibility is based on the number of credit hours enrolled on census day.  Students who change from full to part-time status or part-time students who reduce the number of credit hours carried may receive a reduction of net tuition according to the following schedule:

  1. If the reduction is on or before the census day, all net tuition not applicable to the new part-time status is reduced.
  2. If the reduction is after the census day but no later than the end of the fifth week of classes, 25% (twenty-five percent) of the difference in net tuition charge only is reduced.

Midwest College of Cosmetology

Tuition refunds for Midwest College of Cosmetology students will be calculated according to the terms of the student’s signed Enrollment Agreement on file at the Midwest College of Cosmetology. The policy generally includes the following:

Students who officially withdraw or are dismissed from the College shall be entitled to a credit/refund of net tuition, housing, and mandatory fees. Net tuition is defined as gross tuition less Lincoln College/Midwest College of Cosmetology Scholarship aid.  An administrative charge of $100 will be applied to the credit/refund calculations. A student must give notice of cancellation/withdrawal to the Director in writing.

The unexplained absence of a student from school for more than 4% of their respective program will constitute constructive notice of cancellation to the school.  For purposes of cancellation, the cancellation date will be the last date of attendance.  The amount of refund and/or credit will be determined by the official effective date of withdrawal. Unless the official withdrawal occurs during the refund period, students will be held responsible for ALL tuition and fees. 

No money will be refunded to a student for any course in which they remain officially enrolled.

If a student leaves without following the correct withdrawal procedure and there is a balance due on the account, the entire amount of tuition and fees is due and payable.  All refunds due to students will be paid within 60 days of the date of withdrawal. When written notice of cancellation is given to the Director of Midwest College of Cosmetology after the completion of the student’s first day of attendance, the following tuition adjustment schedule shall be followed:

% of Scheduled Course Completion Per Term/Semester at Time of Official Withdrawal, Dismissal, or Cancellation Total Amount of Tuition Owed to the School
.01%-4.9% 10%
5.0%-9.9% 30%
10.0%-14.9% 40%
15.0%-24.9% 45%
25.0%-49.9% 70%
50.0% and Over 100%

If the school cancels or discontinues a course, the student will be entitled to receive from the school a refund or partial refund of the tuition, fees and other charges paid by the student as is provided under the rules above.

Return of Title IV Funds

Students receiving Title IV funds earn aid based on the period of time the student remains enrolled. During the first 60% of the semester, a student will receive only the amount of Title IV funds that have been earned in direct proportion to the length of time the student remains enrolled. A student who remains enrolled beyond the 60% point earns all aid for the semester. Earned financial aid is based on the percentage of days that the student remained enrolled versus the total number of days in the entire semester. The Financial Aid Office must determine the amount of unearned Title IV aid and return those funds to the appropriate federal programs. The student is then responsible for returning the unearned aid received, if any, to the College.