Financial Aid Office

Withdrawal/Refunds

If you decide to drop your classes, you must complete each step to officially withdraw from the University.

• Pick up an Official Withdrawal Request Form at the Fletcher Student Service Center.
• Clear any outstanding charges or holds that may prevent your return at a later date or prevent the release of your academic record.
• Complete the entire Withdrawal Form and obtain the required signatures (shown on the form).
• If you have benefited from federal financial aid, you may be required to complete an Exit Interview at the Financial Aid Office -- allow 25 minutes.
• Deliver the completed form to the Student Service Center. Your withdrawal date will be determined by the date the completed form is submitted to the Student Service Center. Any refunds will be calculated "as of" that date.

All withdrawals should be done in person. If you are unable to complete the process in person, the registrar is the only University authority that can authorize the process of your withdrawal over the phone. Please contact the registrar at 906-635-2682.

After your completed Withdrawal Form is accepted, your University charges will be reduced according to the withdrawal and refund policy. If you have not received any form of financial aid and there is a credit balance on your account, you will be sent a refund check. If you have received aid, your aid may have to be returned to the appropriate source. You may owe money!

Financial Aid Return Policy: Applies to students receiving federal and state financial aid including loans and scholarships, and institutional and private aid.

• First, your account will be credited according to Lake Superior State University's Refund Policy (on or prior to the 38-day withdrawal period).
• Then, your financial aid will be reduced in direct proportion to the length of time you remained enrolled, up to 60 percent of the semester.
• PLEASE NOTE: If you have received a payment for excess financial aid and you withdraw, you could owe the University and/or the federal government money.
• If there is still a credit on your account, the amount of the credit will then be applied to the remaining financial aid funds until the credit has been reduced to zero.
• Any remaining refund due you, after all funding sources have received the appropriate credit, will be refunded directly to you.

Your withdrawal from Lake Superior State University may cause the following changes affecting your student aid:

1. Your institutional aid will be reduced in proportion to your refund of tuition.
   For example, if you received an LSSU award of $1,000 for a semester and withdrew at the 50% refund point, your LSSU award would be reduced to $500 proportionately.
2. Your federal aid will be reduced according to federal refund policy.  Aid will be returned to the federal government on your behalf for the portion of time you are not attending classes in the semester.
   For example, if you took out a student loan for $5000 and attended 30% of the semester, 70% of the loan will be returned against your student loan.  You will owe LSSU directly for any balance due on your student account once the loan is returned.
3. Your state or private aid will be returned to the source, based on the individual rules for each type of aid.  If you have received an alternative loan, you are responsible for any amount that has already disbursed into your account.  Further disbursements will be canceled when you withdraw.

Click here for more information on LSSU Withdrawal Policy.