Student Account Information at Finlandia University

The Office of Student Accounts will help you with the basic financial aspects of your college education, such as payments and refunds.


Although students have the opportunity to register for courses at different times, official financial check-in occurs when a student has paid or completed satisfactory financial arrangements with Finlandia University for all tuition, fees, and room and board charges (including previous balances).


Room and board charges (applicable to on-campus students only), tuition charges, and all other costs not covered by financial aid (federal loans, federal and state grants, institutional grants and scholarships, not including work-study), are payable on or before the first day of the semester, unless a Finlandia Payment Plan has been approved. There is a $25.00 non-refundable fee per semester to enroll in a payment plan.

Unpaid Accounts

All student accounts must be settled by 4:30 p.m. on the final day of each semester’s drop/add period. You can find that date on our Academic Calendar, which is available in the main navigation above by going to “Academics” then clicking “Academic Calendar.” Students whose accounts are not settled and complete on these dates may be dropped from all classes and dismissed from the university.

Students with an outstanding account balance from a prior semester cannot re-enroll unless the account is settled in full prior to registering for courses, or approval is received from the Coordinator of Student Accounts. Upon final departure from Finlandia University, all outstanding balances must be paid in full, including library, parking and disciplinary fines, and any other charges, before a diploma is issued or transcripts, including official and unofficial, are released. Students are responsible for any fees incurred in collecting the account balance. Contact the Office of Student Accounts at (906) 487-7210 with questions.

Refund for Withdrawals

Students who wish to withdraw from the university must obtain a withdrawal form from the University Registrar’s office and personally process it through the offices listed on that form. Finlandia University complies with the Higher Education Act Amendment of 1998 revisions as they apply to students receiving Title IV funds. Refunds are allocated according to the provisions listed in the Higher Education Act Amendment of 1998 in the following order of priority (starting with Title IV funds):

  1. Unsubsidized Federal Stafford Loan
  2. Subsidized Federal Stafford Loan
  3. Federal Perkins Loan
  4. Federal PLUS Loan
  5. Federal Pell Grant
  6. Academic Competitiveness Grant
  7. Federal SEOG
  8. Other Title IV Aid Programs
  9. Other federal, state, or private aid

Tuition and fee refunds are disbursed to students who completely withdraw or are dismissed from the university. PLEASE NOTE – there are no refunds for unused room and board charges. The refund is based on the portion of the semester already completed at the time of withdrawal as measured from the first day of the semester. The table below outlines approximate refund percentages. Please contact the Office of Student Accounts for actual amounts. The student and the school are both responsible for returning unearned federal financial aid to the federal government.

Refund Chart

Portion of Semester CompletedPercentage Refunded
60.1% and over No Refund

School’s Portion to be returned

Finlandia University will calculate the refund according to the Federal Return of Title IV Funds (R2T4) formula and determine the amount of Federal aid that must be returned to the federal government both by the school and the student. If a recipient of Title IV aid withdraws during a period of enrollment, Finlandia University must calculate the amount of Title IV aid the student did not earn. Unearned Title IV funds are returned to the Title IV Federal programs in the amount equal to the lesser of the student’s institutional charges multiplied by the unearned percentage of funds, or the entire amount of the unearned funds.

Student’s Portion to be returned

When the total amount of unearned aid is greater than the amount returned by Finlandia University from the student’s account, the student is responsible for returning unearned aid to the appropriate program(s). The same priority as above should be used. Any loan funds that must be returned by the student will be repaid according to the terms of the promissory note. There is a 50-percent discount on any grant funds that are to be repaid. Grant funds that must be returned are considered a federal grant overpayment. The student can either repay the amount in full or make satisfactory arrangements with Finlandia University or the Department of Education to repay the amount due. These arrangements must be completed within forty-five days of the date Finlandia University notifies the student of the overpayment status or the student risks losing eligibility for further federal financial assistance.

Post-Withdrawal Disbursements

A student would be owed a post-withdrawal disbursement of Title IV funds upon withdrawal from Finlandia University if the amount already received is less than the amount the student earned, and for which the student is otherwise eligible. The student would be then eligible to receive a post-withdrawal disbursement of the earned aid that was not received. Finlandia University must offer any amount of a post-withdrawal disbursement that is not credited to the student’s account within 30 days of the determination. A Pell disbursement can be posted without the student’s approval/notification; however, a Federal loan disbursement will require the student consent of approval prior to the school disbursing such funds. The student has fourteen days from the date of notification to respond to Finlandia University.

Documents and Files

Refund Policy for Credit Balances

Students with a credit balance on their account will receive a refund check from the Office of Student Accounts within 14 days after the credit appears on the account. Refund checks will not be disbursed until all tuition, fees, and room and board charges are paid.

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