Institutional Refund Policy

Mount Carmel College of Nursing tuition and fees refunds will be made according to federal guidelines.

• 16 Week Semester Course

  • 100% refund on or before the 1st Friday of the semester

  • 50% refund on or before the 4th Friday of the semester

  • NO REFUND after the 4th Friday of the semester

• 8 Week Term Course

  • 100% refund on or before the 1st Friday of the term

  • 50% refund on or before the 2nd Friday of the term

  • NO REFUND after the 2nd Friday of the term

• 6 Week RN-BSN Session Course

  • 100% refund up to 7 days from the start of the session

  • NO REFUND after 7 days from the start of the session

*Refunds from second term classes will be calculated beginning with the start date of the second term.

**Refunds from term/session/semester courses will be calculated beginning with the start date of the term/session/semester.

Students receiving federal and state aid will be subject to federal and state program refund policies before any refund is made to the student. Institutional financial aid (Schell Loan and other Mount Carmel loan programs; scholarships are excluded from this policy) will be subject to the federal refund calculation for students who withdraw, are dismissed, or take a Leave of Absence (LOA) prior to completing 60% of the semester term. Federal refund calculation includes prescribed methods of returning federal and state aid to those programs. Samples of refund calculations are available upon request from the Financial Aid Office.

Account Balances

Funds are credited to the student’s account as they are received from various sources. Once a student’s account has been credited with financial aid funds and shows a credit balance, the College will refund the credit amount to be used for other educational expenses.
If the College receives traditional program student funds late Fall Semester after Spring Semester billing, the funds may be carried over to Spring Semester. If the College receives Second Degree Accelerated Program funds late Spring Semester after Fall billing, the funds may be carried over to Fall Semester.

Refunds may be deposited directly in a student’s bank account if the student enrolls in the electronic refund option in the Transact portion of the Bursar’s Office and Account Information section of CARMELink. No federal funds will be carried over from one academic year to the next. Refunds for credit balances due to receipt of a Parent Plus Loan will be refunded to the parent whose name is on the loan unless the parent designates that proceeds go to the student. A check will be mailed to the parent.

Refund Disbursement

Funds are credited to the student’s account as they are received from various sources. Once a student’s account has been credited with financial aid funds and shows a credit balance, the College will refund the credit amount to the student within two weeks – to be used for other educational expenses. If the College receives funds in late Fall Semester after Spring Semester billing, the funds may be carried over to Spring Semester. No federal funds will be carried over from one academic year to the next. Students may enroll in electronic refund deposits online through CARMELink.