Common use of Process Example Clause in Contracts

Process Example. withdraws after completing 40 class days of a Bachelor of Science in Canine Studies semester. If, for example, the semester is 75 days in length, the student has completed 40 out of 75 days or 53.33% of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 days of attendance Semester = 75 class days Total semester tuition = $4,850.00 Daily tuition charge = $4,850/75 = $64.667 per class day Tuition charge for 40 days = 40 x $64.667 = $2,586.67 If the student has paid $4,6850.00 in tuition, the student will receive a tuition refund of $2,263.33. Tuition paid = $4,850.00 Tuition charge = - $2,586.67 Refund = $2,263.33 All refunds based on the Xxxxxx College Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.

Process Example. A student withdraws after completing 40 class days of a Bachelor Master of Science in Human-Canine Studies Life Sciences semester. If, for example, the semester is 75 days in length, and the student has completed 40 out of 75 days or 53.33% of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 days of attendance Semester = 75 class days Total semester tuition Semester Tuition Charge = $4,850.00 6,875 Daily tuition charge = $4,850/75 6,875/75 = $64.667 91.667 per class day Tuition charge for 40 days = 40 x $64.667 = 91.667 ~ $2,586.67 3,666.68 If the student has paid $4,6850.00 6,875.00 in tuition, the student will receive a tuition refund of $2,263.333,208.32. Tuition paid = $4,850.00 6,875.00 Tuition charge = - $2,586.67 3,666.68 Refund = $2,263.33 3,208.32 All refunds based on the Xxxxxx College University Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.

Process Example. A student withdraws after completing 40 45 class days of a Bachelor Master of Science in Human-Canine Studies Life Sciences semester. If, for example, If the semester is 75 80 days in length, and the student has completed 40 45 out of 75 80 days or 53.33% 56.3 percent of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 45 days of attendance Semester = 75 80 class days Total semester tuition Semester Tuition Charge = $4,850.00 4,687.50 Daily tuition tuition/support services & supplies charge = $4,850/75 4,687.50/80 = $64.667 58.594 per class day Tuition charge for 40 45 days = 40 45 x $64.667 = 58.594 ~ $2,586.67 2,636.73 If the student has paid $4,6850.00 4,687.50 in tuition/support services & supplies, the student she or he will receive a tuition refund of $2,263.332,050.77. Tuition paid = $4,850.00 4,687.50 Tuition charge = - $2,586.67 2,636.73 Refund = $2,263.33 2,050.77 All refunds based on the Xxxxxx College University Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.

Process Example. withdraws after completing 40 class days of a Bachelor of Science in Canine Studies semester. If, for example, the semester is 75 days in length, the student has completed 40 out of 75 days or 53.33% of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 days of attendance Semester = 75 class days Total semester tuition = $4,850.00 Daily tuition charge = $4,850/75 = $64.667 per class day Tuition charge for 40 days = 40 x $64.667 = $2,586.67 If the student has paid $4,6850.00 in tuition, the student will receive a tuition refund of $2,263.33. Tuition paid = $4,850.00 Tuition charge = - $2,586.67 Refund = $2,263.33 All refunds based on the Xxxxxx College University Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.

Process Example. withdraws after completing 40 class days of a Bachelor of Science in Canine Studies semester. If, for example, the semester is 75 days in length, the student has completed 40 out of 75 days or 53.33% of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 days of attendance Semester = 75 class days Total semester tuition = $4,850.00 Daily tuition charge = $4,850/75 = $64.667 per class day Tuition charge for 40 days = 40 x $64.667 = $2,586.67 If the student has paid $4,6850.00 in tuition, the student will receive a tuition refund of $2,263.332,263.330. Tuition paid = $4,850.00 Tuition charge = - $2,586.67 Refund = $2,263.33 All refunds based on the Xxxxxx College University Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.

Process Example. withdraws after completing 40 class days of a Bachelor of Science in Canine Studies semester. If, for example, the semester is 75 80 days in length, the student has completed 40 out of 75 80 days or 53.33% 50 percent of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 days of attendance Semester = 75 80 class days Total semester tuition tuition/support services & supplies charge = $4,850.00 4,650.00 Daily tuition charge = $4,850/75 4,650/80 = $64.667 58.125 per class day Tuition charge for 40 days = 40 x $64.667 558.125 = $2,586.67 2,325.00 If the student has paid $4,6850.00 4,650.00 in tuition/support services & supplies, the student she or he will receive a tuition refund of $2,263.332,325.00. Tuition paid = $4,850.00 4,650.00 Tuition charge = - $2,586.67 2,325.00 Refund = $2,263.33 2,325.00 All refunds based on the Xxxxxx College University Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.

Process Example. A student withdraws after completing 40 class days of a Bachelor Master of Science in Human-Canine Studies Life Sciences semester. If, for example, the semester is 75 days in length, and the student has completed 40 out of 75 days or 53.33% of the semester. This student has not completed 60% of the program and is eligible for the pro rata refund. Student = 40 days of attendance Semester = 75 class days Total semester tuition Semester Tuition Charge = $4,850.00 6,875 Daily tuition charge = $4,850/75 6,875/75 = $64.667 91.667 per class day Tuition charge for 40 days = 40 x $64.667 = 91.667 ~ $2,586.67 3,666.68 If the student has paid $4,6850.00 6,875.00 in tuition, the student will receive a tuition refund of $2,263.333,208.32. Tuition paid = $4,850.00 6,875.00 Tuition charge = - $2,586.67 3,666.68 Refund = $2,263.33 3,208.32 All refunds based on the Xxxxxx College Refund Policy are calculated by the Business Office manually. All refunds due to student shall be made within 30 days of formal cancellation by the student or formal dismissal by the school. The student is notified of the results of the refund calculation and notified of his/her liabilities in writing. A follow-up phone call is made by the Business Office. The Financial Aid Office performs the Title IV refund calculation and determines the student’s and the institution’s liability for program specific return of overpayments to the Department of Education. If you have received federal student financial aid funds, you are entitled to a refund of moneys not paid from federal student financial aid program funds.