Refund Policies

Enrollment in the college constitutes a contract binding the student for the stated semester charges. A refund policy has been adopted to partially reimburse students for unexpected withdrawals and also permit the college to maintain its contractual commitments to faculty and supporting services. Students receiving Federal (Title IV) financial assistance will have refunds processed according to federal regulations governing student aid programs.
 

Tuition Refund Policy

  • A 100 percent tuition refund shall be made if the student officially withdraws prior to the published start date of the class.
  • An 80 percent tuition refund shall be made if the student withdraws on or before the last day to add/drop classes (see dates below).
  • A 50 percent tuition refund shall be made if the student withdraws on or before the published last day to withdraw for a refund (see dates below).
  • No tuition refund shall be made if the student withdraws from a class after the published last day to withdraw for a refund.

Room and meal fees are refunded according to the tuition refund policy.

Required student fees and some student-specific fees are not refundable unless the student officially withdraws prior to the start date of his/her classes, a student’s class is canceled, or the college determines an institutional error has occurred.

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    Refund Dates for Fall 2020

    Main Campus Academic Calendar

    Full Semester Courses:
    • Last day to withdraw for an 80 percent refund is Friday, Aug. 21
    • Last day to withdraw for a 50 percent refund is Monday, Sep. 7
    First 8-Week Session Courses:
    • Last day to withdraw for an 80 percent refund is Tuesday, Aug. 18
    • Last day to withdraw for a 50 percent refund is Wednesday, Aug. 26
    Second 8-Week Session Courses:
    • Last day to withdraw for an 80 percent refund is Tuesday, Oct. 13
    • Last day to withdraw for a 50 percent refund is Wednesday, Oct. 21

    Online/Distance Academic Calendar

    First 8-Week Session:
    • Last day to withdraw for an 80 percent refund is Wednesday, Aug. 19
    • Last day to withdraw for a 50 percent refund is Thursday, Aug. 27
    Second 8-Week Session:
    • Last day to withdraw for an 80 percent refund is Wednesday, Oct. 14
    • Last day to withdraw for a 50 percent refund is Thursday, Oct. 22
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    Refund Dates for Spring 2021

    Main Campus Academic Calendar

    Full Semester Courses:
    • Last day to withdraw for an 80 percent refund is Friday, Jan. 15
    • Last day to withdraw for a 50 percent refund is Tuesday, Feb. 2
    First 8-Week Session Courses:
    • Last day to withdraw for an 80 percent refund is Tuesday, Jan. 12
    • Last day to withdraw for a 50 percent refund is Wednesday, Jan. 20
    Second 8-Week Session Courses:
    • Last day to withdraw for an 80 percent refund is Tuesday, March 16
    • Last day to withdraw for a 50 percent refund is Wednesday, March 24

    Online/Distance Academic Calendar

    First 8-Week Session:
    • Last day to withdraw for an 80 percent refund is Wednesday, Jan. 13
    • Last day to withdraw for a 50 percent refund is Thursday, Jan. 21
    Second 8-Week Session:
    • Last day to withdraw for an 80 percent refund is Tuesday, March 9
    • Last day to withdraw for a 50 percent refund is Thursday, March 18

Notwithstanding any other terms or provisions in the Tuition Refund Policy, Lees-McRae College shall not be under any obligation whatsoever to refund or modify in whole or part any tuition, room and board fees, or any other fee due to any of the following Force Majeure Events: (a) Act of God; (b) epidemic, pandemic, plague, pestilence, public health emergency, or other similar condition; (c) quarantine, isolation, containment, shelter-in-place, or similar order that causes either the college to shut down or cease on-site education, or causes its faculty, administration, instructors, or employees to be unable to work; (d) fire; (e) blackout; (f) war, riot, terrorism, or civil commotion; (g) enactment of an order or directive by any local, county, state, or federal governmental authority limiting or halting the college’s operation or its faculty, administration, instructors, or employees’ ability to perform their services for the college; (h) natural disaster or weather event including but not limited to tornado, hurricane, flood, or other similar event of nature; or (i) other cause of a similar nature.

The college shall in its sole discretion determine whether or not a Force Majeure Event has or is occurring and may in its sole discretion suspend or modify its operations. The college’s determination that an event is a Force Majeure Event is final. The college may in its absolute discretion provide a refund, if any, in whole or part for a Force Majeure Event. 

Credit Balance Refund Policy

Refunds of student account credit balances will be issued using electronic funds transfer. All new and returning students shall provide and maintain bank account information using Montibus for direct deposit of any student account credit balance. 

If the student chooses to receive a refund via paper check and the check has to be reissued for any reason, the student will be responsible for a $35 stop payment fee. This stop payment fee will be deducted from the reissued check.

How to receive your student account refund by direct deposit:

  1. Log in to Montibus
  2. Choose "Banking Information"
  3. Choose "Add an Account"
  4. Use the slider button to turn on "Refunds, Reimbursements & Payments"
  5. Enter the current date
  6. Select "Entire Balance" to deposit your full refund to one bank account
  7. Enter bank account details

Questions?

Contact the Bursar at studentaccounts@lmc.edu or 828.898.8759.