Business Office

Student Account Adjustments

Policy on Withdrawal and Enrollment Changes

Adjustment of tuition, room, and board charges are made only upon official withdrawal from the University. Students who officially withdraw before the 60% point of the semester of IWU will receive a pro-rata adjustment to their charges and IWU financial aid for the term of enrollment based on their official withdrawal date. Federal financial aid will be adjusted based on the student’s last day of class attendance. The full semester charge will be assessed to those who withdraw beyond the 60% period of attendance. 

No adjustment is made if a student changes from full-time to part-time status after the last day to add a class in the fall or spring semesters.

Students who receive Federal assistance or merit-based awards will have that aid prorated according to a refund policy mandated by the 1998 amendments to the Higher Education Act of 1965. 

When tuition and room adjustments are authorized, they are made according to the following schedule: 

The total number of calendar days of enrollment prior to withdrawal (up to 60% of the semester) will be divided by the number of calendar days in a regular semester. Withdrawal after the 60% point in the semester will mandate 100% of the semester’s charge.