Billing Adjustments and Refunds


The matriculation deposit is only refundable if Moody is notified before May 1 for fall enrollment or December 1 for spring enrollment. Financial adjustments (such as fee waivers, housing adjustments, dropped courses, etc.) will be applied toward remaining charges on the student’s bill according to the adjustment schedule below. If the adjustment results in a credit balance, this amount will be refunded to the student at the end of the academic year. If the student wishes to receive a refund earlier, they may send a request to student.accounts@moody.edu. According to federal regulations, credit balances resulting from Title IV funds (federal loans, Pell Grant, SEOG) must be refunded once the credit balance becomes available.

Dropping courses may have both financial penalties (see below) and academic penalties (see Academic Policies, 2024-2025 Academic Catalog, page 79). Students who drop courses before the start date will receive a full adjustment of charges on their student bill. Billing adjustments for dropped courses will be issued based on the date a course is dropped, according to the schedule below from the first date of the session, which may be earlier than the first meeting day of the course (dates are subject to change).

Undergraduate Chicago

Tuition, Room, Board, and Fee Adjustment Schedule
Length of Session 100% Adjustment 75% Adjustment 50% Adjustment No Adjustment
24 Weeks Day 1–11 Day 12–21 Day 22–31 Day 32+
22 Weeks Day 1–10 Day 11–20 Day 21–29 Day 30+
18 Weeks Day 1–8 Day 9–16 Day 17–24 Day 25+
17 Weeks Day 1–8 Day 9–15 Day 16–23 Day 24+
16 Weeks Day 1–7 Day 8–14 Day 15–21 Day 22+
14 Weeks Day 1–6 Day 7–12 Day 13–18 Day 19+
12 Weeks Day 1–5 Day 6–10 Day 11–16 Day 17+
10 Weeks Day 1–5 Day 6–9 Day 10–14 Day 15+
8 Weeks Day 1–4 Day 5–7 Day 8–11 Day 12+
7 Weeks Day 1–3 Day 4–6 Day 7–9 Day 10+
6 Weeks Day 1–3 Day 4–6 Day 7–9 Day 10+
4 Weeks Day 1–2 Day 3 Day 4–5 Day 6+
3 Weeks Day 1–2 Day 3 Day 4 Day 5+
2 Weeks Day 1 Day 2 Day 3 Day 4+
1 Week Day 1 --- Day 2 Day 3+

Aviation

Tuition, Room, and Fee Adjustment Schedule
Length of Session 100% Adjustment 75% Adjustment 50% Adjustment No Adjustment
23, 24, 25 Weeks Day 1–11 Day 12–21 Day 22–31 Day 32+
20, 21, 22 Weeks Day 1–10 Day 11–20 Day 21–29 Day 30+
18 & 19 Weeks Day 1–8 Day 9–16 Day 17–24 Day 25+
17 Weeks Day 1–8 Day 9–15 Day 16–23 Day 24+
15 & 16 Weeks Day 1–7 Day 8–14 Day 15–21 Day 22+
13 & 14 Weeks Day 1–6 Day 7–12 Day 13–18 Day 19+
11 &12 Weeks Day 1–5 Day 6–10 Day 11–16 Day 17+
9 & 10 Weeks Day 1–5 Day 6–9 Day 10–14 Day 15+
8 Weeks Day 1–4 Day 5–7 Day 8–11 Day 12+
7 Weeks Day 1–3 Day 4–6 Day 7–9 Day 10+
5 & 6 Weeks Day 1–3 Day 4–6 Day 7–9 Day 10+
4 Weeks Day 1–2 Day 3 Day 4–5 Day 6+
3 Weeks Day 1–2 Day 3 Day 4 Day 5+
2 Weeks Day 1 Day 2 Day 3 Day 4+
1 Week Day 1 --- Day 2 Day 3+

Online

Tuition, and Fee Adjustment Schedule
Length of Session 100% Adjustment 75% Adjustment 50% Adjustment No Adjustment
26 Weeks Day 1–7 --- Day 8–28 Day 29+
16 Weeks Day 1–7 Day 8–14 Day 15–21 Day 22+
10 Weeks Day 1–5 Day 6–9 Day 10–14 Day 15+
8 Weeks Day 1–4 Day 5–7 Day 8–11 Day 12+
7 Weeks Day 1–3 Day 4–6 Day 7–9 Day 10+

NOTE: Cost to send/receive refunds is student’s responsibility

Please contact student.accounts@moody.edu with any questions about billing adjustments and refunds. 

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Student Accounts
(312) 329-4223
student.accounts@moody.edu