Credit/Refund Policy

Credit/Refund Policy 2016-10-27T10:58:54+00:00

Students who officially withdraw or are dismissed from the College shall be entitled to a credit/refund of net tuition, room, board, 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.

The following Fall and Spring semester credit/refund rates apply to students who officially withdraw or are dismissed from the College.

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 credit/refund

Credit/refund rates for students enrolled in summer terms are similar to those listed above but apply to the number of days enrolled rather than the number of weeks.

Return of Title IV Funds

Students receiving Title IV funds earn aid based on the period of time the students remain enrolled. During the first 60% of the semester, a student will receive only the amounts 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.

Federally Legislated Consumer Information is available upon request through the Office of the Vice President for Enrollment Management and Student Services.

Lincoln College does not discriminate on the basis of race, color, creed, religion, na­tional origin, handicap, age, sex, sexual orientation or status in any group protected by federal, state or local law in admission to and participation in its educational pro­grams, College activities and services, or its employment practices. The College does not tolerate sexual harassment by or of its students or employees. It is the College’s intent to comply with all equal opportunity regulations including, but not limited to, Title IX of the 1972 Educational Amendments and Section 504 of the Rehabilitation Act of 1973. Inquiries may be directed to Office of the President, Lincoln College, 300 Keokuk Street, Lincoln, Illinois 62656. Telephone: (217) 732-3155, ext. 200.

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, twenty-five percent of the difference in net tuition charge only is reduced.