REFUND CALCULATION. A pro rata refund pursuant to section 94919(c) Or 94920(d) or 94927 of the Code shall be no less than the total amount owed by the student for the portion of the educational program provided subtracted from the amount paid by the student, calculated as follows: (1) The amount owed equal the daily charge for the program (total institutional charge, divided by the number of days or hours in the program) multiplied by the number of days the student attended, or was scheduled to attend, prior to withdrawal. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds. Once the Student begins classes, the registration fee is non-refundable, and the following refund policy applies: a. During the first 10% of the period of financial obligation, the School shall refund at least 90% of tuition. b. After 10%, but within 20%, of the period of financial obligation, the School shall refund at least 80% of tuition. c. After 20%, but within 30%, of the period of financial obligation, the School shall refund at least 70% of tuition. d. After 30%, but within 40%, of the period of financial obligation, the School shall refund at least 60% of tuition. e. After 40%, but within 50%, of the period of financial obligation, the School shall refund at least 50% of tuition. f. After 50%, but within 60%, of the period of financial obligation, the School shall refund at least 40% of tuition. g. After 60% of the period of financial obligation, the School shall retain 100% of tuition.
Appears in 30 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
