REFUND POLICY
INSTITUTIONAL REFUND POLICY
1.
A registered student wishing to withdraw from
school must submit a written withdrawal request to the Registrar.
The effective date of withdrawal is the date the request is received
by the Registrar.
In counting calendar days, if the latest date
for acceptance of a withdrawal falls on a Saturday or Sunday, the
following Monday shall be the effective date. If the latest date
for acceptance of withdrawal falls on a legal holiday, the next
business date shall be the effective date.
2. For notice of withdrawal from school
received prior to the first day of classes for that semester, a
refund of 100 percent of total tuition received (excluding fees &
tuition deposit) will be granted for both full-time and part-time
students.
3. For notice of withdrawal from school
received on the first day of classes and through the 14th calendar
day of that semester, a refund of 50% of total tuition, (excluding
fees) applicable to the courses for which registered, will be
granted for both full-time and part-time students.
4. No refund of tuition will be granted for
either full-time or part-time students beyond the 14th calendar day
after the first day of classes for that semester.
5. For withdrawal from a course prior to the
first day of the semester (includes mid-term or second module
classes), 100% of the tuition for that course will be refunded.
6. For a reduction in load, which occurs on
the first day of classes through the 14th calendar day of that
semester, 50% of the difference of the tuition applicable to the
original and revised course schedule will be refunded.
Withdrawing from one or more classes after the
end of the second week of the semester will not affect a student’s
enrollment status, tuition cost, or financial aid status for that
semester, unless the student officially withdraws from school or
takes an official leave of absence.
SINGLE COURSE/WORKSHOP REFUND POLICY
For all single courses and workshops, the
college will retain 100% of the tuition once the student has
attended class.
REFUND POLICY FOR STUDENTS PARTICIPATING IN
FEDERAL TITLE IV STUDENT AID PROGRAMS
If a student participates in Title IV Financial
Aid, the college will first calculate the Return to Title IV and
then apply the Institutional Refund Policy. For those students not
participating in Title IV Financial Aid, only the Institutional
Refund Policy will apply.
RETURN OF TITLE IV FUNDS: The school must
return any unearned portion of monies received under any of the
Title IV programs. This calculation is based on the parameters set
forth in section 668.22(e), (1) of the Higher Education Act of 1965,
as amended. This is a proportional calculation based upon the
student’s date of withdrawal. Students will be notified of any
balance owed to the college as a result of the refund calculations.
This is a synopsis of the Return to Title IV
calculation and not the entire policy. The student may see the
entire policy along with worksheets and examples in the Financial
Aid Office’s Policies and Procedures Manual. Students who withdraw
and reenter are subject to all the regulations and policies in
effect at the time of reentry.
|
