Withdrawal Procedure

A student must submit a request in writing to the NYIT College of Osteopathic Medicine's Office of the Registrar (Long Island Campus, Serota Academic Center, Room 222, Northern Blvd., P.O. Box 8000, Old Westbury, NY 11568-8000) to be entitled to an official withdrawal. In the event that a student begins the withdrawal process in person, the date the student begins the process is the date of withdrawal. In the event that a student sends written notification of intent to withdraw, the date NYIT College of Osteopathic Medicine receives the written notice is the date of withdrawal or the date of the suspension or dismissal letter.

Depending upon the date of withdrawal, officially or unofficially, a student may be required to repay some or all of the financial aid received. If a recipient of federal Title IV financial aid withdraws within the first 60 percent of the financial aid payment period, a calculation will be performed to determine the amount of Title IV aid earned. If the school is required to return any loans back to the Department of Education, the student will owe the school money that was returned. Specific details of the adjustment to Federal Title IV Financial Aid awards will be provided to the student following the withdrawal process. A financial aid exit interview is required for all students withdrawing. Students MUST pay the balance upon returning to the school.

It is highly recommended that if a student is withdrawing for whatever reason, they speak to the financial aid office for specific details about their tuition, fees, and loan repayment.

Refund of Unearned Funds to Lender

In the event of a withdrawal, suspension, or dismissal, the student may not have earned all of their Title IV funding. If the total amount of Title IV funding assistance earned by the student is less than the amount that was disbursed to the student as of the withdrawal or dismissal date, the difference between the two amounts will be returned within 45 days to the Title IV programs in the following order:

  • Federal Unsubsidized Direct Loans
  • Federal Grad PLUS Loans
  • Other assistance under Title IV for which a return of funds is required

Financial aid students who withdraw or are dismissed will enter their grace periods or repayment status depending upon provisions of the loan.