Refunds

REFUND FOR WITHDRAWALS
TFC complies with the 1998 Higher Education Act Amendment revisions as they apply to students receiving Title IV funds. TFC allocates refunds according to the provisions listed in the 1998 Higher Education Act Amendment in the following order of priority:

1. Unsubsidized Federal Stafford

2. Loan Subsidized Federal Stafford Loan

3. Federal Perkins Loan

4. Federal PLUS Loan

5. Federal Pell Grant

6. Federal SEOG

7. Other Title IV Aid Programs

8. Other federal, state, private, or institutional aid

9. The student

There is no refund, in whole or part, on all fees, including the matriculation fee and music fees, as well as room charges for students that withdraw after the end of the drop and add period. A withdrawal fee of $100.00 wil be charged to students withdrawing during the drop/add period.

TFC disburses tuition and board refunds for students that completely withdraw or the college dismisses according to the portion of the semester already completed. HOPE Scholarship and GTEG are posted to student accounts two weeks after the published drop/add period.  If a student withdraws from Toccoa Falls College after this two week period there will be no adjustment made to the HOPE Scholarship and GTEG. The following table outlines the refund entitled on tuition and board charges, as well as the amount of institutional aid or employee tuition benefits, refunded back to the college, for the fall and spring semesters based on the date of withdrawal:

By the end of week one		100% refund
By the end of week three		80% refund
By the end of week five		70% refund
By the end of week six		60% refund
By the end of week eight		50% refund
By the end of week nine		40% refund
After the end of week nine		no refund

The following table outlines the refund entitled on tuition charges, as well as employee tuition benefits refunded back to the college, for the summer session based on the date of withdrawal:

By the end of day two		100% refund
By the end of day four		80% refund
By the end of day six		70% refund
By the end of day eight		60% refund
By the end of day ten		50% refund
By the end of day twelve		40% refund
After the end of day twelve		no refund

A withdrawing student must obtain a Withdrawal Form from the Office of Student Affairs and personally process it through the offices listed on that form. The official withdrawal date is the date the student signs the withdrawal form when the student initiates the withdrawal process. The withdrawal form must be completed and returned within two business days for the withdrawal date to be effective.

REFUND POLICY FOR CREDIT BALANCES
Students with a credit balance on their account can request a refund from the Office of Student Accounts. Students must submit all requests electronically by noon on Tuesday to pick up the refund check after 11:00 a.m. on Friday of that week. The college will not disburse refunds to students until all charges have been posted and paid and a credit balance shows on the account.