Impact of Withdrawal

Refund Policy

Refund of Medical School Tuition and Fees

 

Institutional Tuition and Fees Adjustment Schedule by Daily Proration

Tuition and fees will be adjusted on a percentage basis determined by the day on which the student withdraws from the University, until 60% of the term is completed, as outlined in the policy posted on the Student Financial Services website.

 

Return of Financial Aid

Students who receive Title IV financial aid must return loans in accordance with federally-mandated Return of Title IV Aid Policy.

The School of Medicine Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw (including taking a Leave of Absence longer than 6 months) or are dismissed prior to completing 60% of a semester. Federal Title IV financial aid must be recalculated in these situations. Title IV funds include Perkins Loan, Unsubsidized Loans, and Graduate PLUS Loans.

In most cases, the University will return loans on your behalf.  You may be required to repay a portion of any financial aid refund.  Your financial aid counselor will advise you.

Recalculation is based on the percent of earned aid using the following Federal Return of Title IV funds formula:

Percent of aid earned = the number of days completed up to the withdrawal date, divided by the total days in the semester. (Any break of five days or more is not counted as part of the days in the semester.)

 

Return of UVA SOM (Institutional) Funds

Students who have received UVA SOM scholarship and/or loan funds will be expected to return the unearned portion of those awards.  The earned portions of institutional aid will be determined by using the same procedures and formulas shown above.