- Before First Calendar Week: Students who officially withdraw from college or drop classes before the first calendar week of a regular term will be refunded all tuition and fees, including first-time enrollment, college services, program, and course fees.
- First Week of Regular Term: Students who withdraw from college or drop classes during the first week of a regular term will be refunded all tuition and fees except the first-time enrollment fee.
- Second Week of Regular Term: Students who withdraw from college or drop classes during the second week of a regular term will be refunded 50 percent of tuition as well as 50 percent of program and course fees; neither college services fees nor the first-time enrollment fee will be refunded. Even if a student adds a class in place of the one that is dropped, no fees will be refunded on the dropped class.
- After the Second Week of Regular Term: Students who withdraw from or drop classes after the second week of a regular term will not be refunded any tuition or fees.
Iowa Western delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information:https://bankmobiledisbursements.com/refundchoices/
You may also contact the Iowa Western Business Office for refund information via email at firstname.lastname@example.org, phone (712) 325-3213, or in person at the Cashier’s Desk located in the Welcome Center – Clark Hall.
*To view our third-party servicer contract for refund management, click here.
*High School students are excluded from selecting a refund preference with Bankmobile Disbursements.
Disbursement & Refund Dates
Regular (Aug. 15 – Dec. 9)
Accelerated I (Aug. 15 – Oct. 12)
|Sept. 7||Pell Refund|
|Sept. 14||Loan Disbursement to Iowa Western|
|Sept. 21||Loan Refunds to Students|
|Oct. 5||Fall Only Loans: Second Half Loan Disbursement to Iowa Western|
|Oct. 7||Fall Only Loans: Second Half Loan Refunds to Students|
Accelerated II (Oct. 17 – Dec. 9)
|Oct. 21||Pell Refund|
|Nov. 16||Loan Disbursement to Iowa Western|
|Nov. 18||Loan Refunds to Students|
|Nov. 21||Fall Only Loans: Second Half Loan Disbursement to Iowa Western|
|Nov. 23||Fall Only Loans: Second Half Loan Refunds to Students|
Regular (Jan. 9 – May 12)
Accelerated I (Jan. 9 – March 8)
|Feb. 1||Pell Refund|
|Feb. 8||Loan Disbursement to Iowa Western|
|Feb. 15||Loan Refunds to Students|
|March 8||Spring Only Loans: Second Half Loan Disbursement to Iowa Western|
|March 10||Spring Only Loans: Second Half Loan Refunds to Students|
Accelerated II (March 13 – May 12)
|March 17||Pell Refund|
|April 19||Loan Disbursement to Iowa Western|
|April 21||Loan Refunds to Students|
|April 26||Spring Only Loans: Second Half Loan Disbursement to Iowa Western|
|April 28||Spring Only Loans: Second Half Loan Refunds to Students|
Return of Federal Funds
Students who receive Title IV financial aid (Federal Pell Grant, Academic Competitive Grant, Federal Supplemental Educational Opportunity Grant, and Federal Direct Loans) are subject to the federal return of Title IV funds statutes. These regulations apply to recipients of Title IV financial aid who completely withdraw from college or who stop attending all classes during the enrollment period. The college must determine the amount of Title IV financial aid the student earned and return the unearned aid to the respective federal financial aid programs. Unearned aid will be returned to the federal programs in the following order: Loans (Federal Unsubsidized Loans, Federal Subsidized Loans, and Federal PLUS Loans), Grants (Federal Pell Grant, Academic Competitiveness Grant, and Federal Supplemental Educational Opportunity Grant), and then other Title IV funds. The College must return the funds as soon as possible but must do so no later than 45 days after the college determines the withdrawal date or last date of attendance.
If a student officially withdraws from the college prior to completing 60 percent of the semester, financial aid awards will be adjusted accordingly, and unearned aid will be returned to the appropriate federal financial aid program. If a student officially withdraws from the college after completing 60 percent or more of the semester, no financial aid adjustment or return of funds is necessary. The percent of the semester completed is based on calendar days from the first day of the semester through the last scheduled day of finals. This includes weekends and mid-semester breaks of less than five days. Students who do not go through the official withdrawal process will be treated as having attended through the midpoint of the semester unless the last day of attendance can be documented.