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When a student drops or withdraws from a class, how are refunds processed if a student has a grant, loan, or scholarship that was paid directly to the institution?

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When a student drops or withdraws from a class, how are refunds processed if a student has a grant, loan, or scholarship that was paid directly to the institution?

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Tuition and fees paid directly to the institution by a sponsor, donor, grant, loan, or scholarship shall be refunded to the source rather than directly to the student unless otherwise specified.

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