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Prospective Students > Financial Aid > Refunds
A refund will be disbursed from the Office of Student Financial Services if your financial aid and/or other payments exceed your LIM charges only after all applicable funds have been received.
A student withdrawing from LIM must notify the Registrar in writing. The official date of withdrawal is considered to be the date of receipt of written notification by the Registrar or the last date of attendance, whichever is later according to official college records. No refunds, deductions, or allowances will be made from tuition for absences, dismissal, or withdrawal except as provided below.
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| Prior to start of classes |
100% less $100 |
| During 1st week |
90% less $100 |
| 2nd week |
70% less $100 |
| 3rd week |
50% less $100 |
| 4th week |
40% less $100 |
| 5th week |
30% less $100 |
| 6th week |
25% less $100 |
| 7th week |
25% less $100 |
| 8th week |
20% less $100 |
| Thereafter no refund. |
The refund schedule is applicable also to dismissal. Refunds for students starting in the spring semester will be on the same basis as above. The U.S. Department of Education requires that students who are receiving Title IV aid and withdrew on or before completing 60% of the semester may be required to return all or a portion of their Title IV funds. Please come to the Office of Student Financial Services to review your situation if you choose to withdraw.
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