The completion of registration contractually obligates the student and the student's benefactors to pay all of the student's tuition and fees for the entire term. However, Transylvania has established a withdrawal and refund policy so that the university and the student may share the loss equitably when it is necessary for a student to withdraw from the university. Transylvania has adopted the federal refund calculation for all fees charged to a student's account. The fees charged to a student's account are directly proportional to the percent of enrollment period attended. Charges are prorated up to 60 percent of the enrollment period.
To determine the percentage of enrollment period attended, divide the number of days attended by the number of days in the enrollment period.
For example:
| If a student withdraws | Percent Charged | Percent Refunded |
| Before the first day of class | 0% charged | 100% refunded |
| At 1% enrollment period | 1% charged | 99% refunded |
| At 2% enrollment period | 2% charged | 98% refunded |
| At 3% enrollment period | 3% charged | 97% refunded |
| … | … | … |
| At 59% enrollment period | 59% charged | 41% refunded |
| At 60% enrollment period | 60% charged | 40% refunded |
| Beyond 60% | 100% charged | 0% refunded |
Students who receive scholarships and/or financial aid of any kind will have their packages recalculated based on the same proportion as above, in accordance with the Higher Education Amendments of 1998, public law 105-244. This includes all sources of financial aid: institutional, federal, state, and all other outside types of assistance. Details can be found in the Federal Student Handbook available in the Office of Financial Aid.
Students and parents have a right to appeal decisions made regarding financial transactions. The process begins with the student account specialist in the accounting office.
Transylvania University admits students regardless of age, race, color, ethnicity, religion, gender, sexual orientation, disability, veteran status, national origin, or any other classification protected by federal or state law or local ordinance.
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