We recognize the hardships many in our community are facing during these trying times and prize the confidence and trust our families place in us. The administration has developed clear and transparent guidelines that reflect our University values and feel it is important to compensate undergraduates for their Housing and Food costs.
In consideration of what was remaining of the term when the students left the campus in March and the substantial costs the University will still incur and absorb from Housing and Food, we will be refunding 30% of the second semester charges for Housing and 100% of the unused balance of all individual food cards.
- The refund amount will first be applied to a student’s outstanding student account balances. For example, if a student currently has a $5,000 balance owed to the University and their refund amount is $3,000, the student’s balance would be reduced to $2,000, and the student will not be entitled to any other credits or payments.
- If a student does not have a balance owed to the University (or if the refund amount exceeds the student’s balance), the refund amount (to the extent not applied to the student’s balance) will be credited to the student’s Fall 2020 semester charges.
- If a student is graduating or not returning in Fall 2020, the refund amount (to the extent not applied to the student’s balance) will be paid to the student by direct deposit or check. Students should confirm or create their Direct Deposit profile on insidetrack.yu.edu or at Direct Deposit Profile Setup.
- Students who are Resident Assistants (RA’s) are only eligible for Meal Plan refunds.
- Students with Title IV Federal Aid will be refunded within the guidelines of the applicable regulations.
Students, who have an outstanding balance owed to the University greater than the amount of the Housing/Meal Plan refund, will have their refund applied toward their remaining balance owed to the University and will not be entitled to any other credits or payments.
In most cases, the University expects the Housing/Meal Plan refunds to be credited to students’ accounts by May 6, 2020.
If the student is graduating or not returning in Fall 2020 and does not have a balance owed to the University, their refund will be made by direct deposit or check. If they have a balance owed to the University, their refund will first be applied to this balance, and any remaining amounts will be paid to them.
No, students who are Resident Assistants (RA’s) are only eligible for Meal Plan refunds.
A separate email will be sent to students residing at the Benjamin regarding the refund policy for spring semester Housing fees.
If your account is up-to-date and does not have a balance owed to the University, you should be able to register for Fall 2020 as usual.
Since we are continuing to provide courses online and issuing academic credit, we will not be refunding tuition.
As mentioned in our March 25th announcement, we are looking into both virtual and in-person Commencement options to celebrate our graduates. The graduation fee covers many aspects of graduation, not merely the Commencement event itself. This includes students’ final evaluation of their degree eligibility and other ancillary costs. Therefore, there will not be any refunds of this fee.
We will continue to work with families on an individual basis to determine their financial aid packages. The refund will only include Housing charges and Meal Plan balances.