Withdrawals and Refunds

Students who find it necessary to withdraw completely from the Benjamin Franklin Institute of Technology must file an Official Withdrawal Form with the Dean of Academic Affairs Office. Absence from class is not the same as official withdrawal and does not reduce a student's financial obligation and may result in a final grade being recorded.

Upon receipt of the Official Withdrawal Form from the Dean of Academic Affairs Office, BFIT’s Student Accounts Office may make a partial tuition refund. The date on which such notice is received will be considered the effective date of withdrawal. Students failing to file an Official Withdrawal Form will be provided a refund consistent with Federal Regulations.

Title IV Financial Aid Recipients
Federal regulations provide that students who are receiving federal student aid, and withdraw prior to completing 60% of the Semester, will have up to 100% of their Federal Title IV financial aid awards returned to the issuing agency. If withdrawal is past the 60% point of the Semester, the student will earn 100% of all financial aid.

Tuition and Fees are refunded according to the following schedule:

Withdrawal notice received by the Registrar's Office	Tuition and Fees Refunded at:
During the first week of classes	80%
During the second week of classes	70%
During the third week of classes	60%
During the fourth week of classes	40%
During the fifth week of classes	20%
After the fifth week of classes	0%

Credit Balances

Federal regulations require credit balances created by Title IV funds to be refunded within 14 days.  Students who want credit balances retained by Benjamin Franklin Institute of Technology for the academic year must give written authorization to the Student Accounts Office.  Authorization forms can be obtained in the Student Accounts Office during business hours or click here to download the form.