University to Provide Credit Adjustments for Room and Board

April 17, 2020
By Raeann Meier
Posted in About
Campus

University of the Ozarks will provide prorated credit adjustments for room and board fees for students who have moved off campus since the University transitioned to an all-online course delivery format. In addition, students who have remained on campus will receive a credit adjustment for diminished dining services during this period.

Students who were under housing and food service contracts for the 2020 Spring Semester and who checked out of campus housing before March 30 will receive a credit adjustment for room and board, prorated beginning March 30, the first day that remote classes began after Spring Break. The credit adjustments will be for the period of March 30 to May 14. The credit adjustments for housing are calculated based on a six-week interval and the dining adjustments are based on 42 days of service.

Credit adjustments do not necessarily mean students will receive a refund check for that amount. Student accounts will be reviewed and if there is an overage after all financial obligations are met on the student account, a refund of that amount will be made.

Other important points regarding the credit adjustment policy:

  • Since on-line classes have resumed for the remainder of the semester, there will be no credit adjustments for tuition.
  • For students who checked out of campus housing after March 30, their credit adjustment will be prorated on when they checked out.
  • The credit adjustments apply only to students still enrolled in classes this semester. For students who have withdrawn from the University, the University withdrawal policy is in effect.
  • Students who have remained on campus will receive a credit adjustment for diminished food services based on their meal plan since March 30.
  • Credit adjustments will be completed by May 15, 2020.
  • For students who are recipients of private funding or sponsored scholarships, their credit adjustments will require further review.
  • Students who expect a credit adjustment are encouraged to complete a Direct Deposit Authorization Form.
  • For any questions concerning the credit adjustment, please Contact the Office of Administrative Services via email oas@ozarks.edu or via phone 479-979-1201.

Here is an example of a credit adjustment:
A freshman student who lived in King Hall in a double room and had an unlimited meal plan checked out of the residence hall on March 20. King’s room rate is $1,750 for the term. The rate was divided by 16 weeks, then the week rate was multiplied by the 6 weeks (March 30-May14), leaving $656.25 for the credit adjustment for the room. Since the student had an unlimited dining plan, the daily rate of $19.90 is multiplied by 42 days, leaving a credit adjustment for dining services of $835.80. The total room and board credit adjustment for the student would be $1,492.05. Please note, this does not mean the student will receive a refund check for that amount. The student’s account will be reviewed and if there is an overage after all financial obligations are met, a refund for that amount will be made.

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