Refund Policy. After the cancellation period, the institution provides a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. 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. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs.
Appears in 10 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
Refund Policy. After the cancellation period, the institution provides a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnable. Once received by the student it will belong to the student and will represent a liability to the student. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration feefee and other fees. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. 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. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs.
Appears in 9 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
Refund Policy. After The student has the right to withdraw from a course of instruction at any time. The student is obligated to pay only for educational services rendered and for unreturned equipment. If the student withdraws from a program of instruction after the period allowed for cancellation periodof the agreement as listed above in “Cancellation of Agreement,” the school will remit a refund if applicable, within 15 days following the student’s withdrawal. If the institution has substantially failed to furnish the training program agreed upon in the enrollment agreement, the institution provides shall refund to a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent student all the money the student has paid. If a student cancels his or less her enrollment before the start of the training program but after the period allowed for cancellation of attendancethe agreement as listed above in “Student’s Right to Cancel”, the institution shall refund to the student all the money the student has paid, minus 10 percent of the tuition agreed upon in the enrollment agreement or $150, whichever is less, and that if the institution is accredited by a regional accrediting agency recognized by the United States Department of Education, the institution may also retain any amount paid as a nonrefundable deposit to secure a position in the program upon acceptance so long as the institution clearly disclosed to the applicant that the deposit was nonrefundable before the deposit was paid. Once If a student withdraws or is expelled by the institution after the start of the training program and before the completion of more then than 60 percent of the enrollment period in program, the entire course has incurred (including absences), there will be no institution shall refund to the studentstudent a pro rata amount of the tuition agreed upon in the enrollment agreement, minus 10 percent of the tuition agreed upon in the enrollment agreement or $150, whichever is less. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received If a student withdraws or is expelled by the student would institution after completion of more than 60 percent of the training program, the institution is not be returnablerequired to refund. If you cancel the agreementstudent obtains equipment, as specified in the enrollment agreement as a separate charge, and returns it unused and in original packaging, within 20 days following the date of the student’s withdrawal, the school will shall refund any money that you paid, less any deduction the charge for registration feethe unused equipment paid by the student. If you withdraw from school after the cancellation student fails to return the equipment within this 20-day period, the school may offset the documented costs to the school of that equipment against the refund policy described above will applydue. The student shall be liable for the amount, if any, by which the documented costs for the equipment exceed the refund amount. For a list of these costs, please see Addendum B of the enrollment agreement. If the amount that you have the student has paid is more than the amount that you owe the student owes for the time you he/she has attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below15 days. If the amount that you owe the student owes is more than the amount that you have student has already paid, then you the student will have to arrange with be responsible for the institution to pay that balance. Official withdrawal date If a student who has received Title IV, HEA program assistance is on owed a refund, the student’s notification school will allocate the refund to the student in the following order: Federal Unsubsidized Xxxxxxxx Loan; Federal Subsidized Xxxxxxxx Loan; Federal PLUS Loan; Unsubsidized Federal Direct Xxxxxxxx Loans; Subsidized Federal Direct Xxxxxxxx Loans; Federal Direct PLUS Loans; Federal Pell Grant; Federal Supplemental Educational Opportunity Grant; any other Title IV assistance; other federal, state, institutional, or school’s determinationprivate assistance. If the student has received federal student financial aid fundsthere is a balance due, the student is entitled to responsible for paying it. The period of a refund student’s attendance must be measured from the first day of moneys not paid from federal student financial aid instruction as set forth in the enrollment agreement through the student’s last day of actual attendance, regardless of absences. The period of time for a training program fundsis the period set forth in the enrollment agreement. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation Tuition must be calculated using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program tuition and fees set forth in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculationenrollment agreement and does not include books, completion of 25% of the semester earns only 25% of the aid disbursed educational supplies or equipment that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for is listed separately from the Title IV Financial Aid programs.tuition and fees. As used in this section, “substantially failed to furnish” includes cancelling or changing a training program agreed upon in the enrollment agreement without:
Appears in 5 contracts
Samples: Enrollment Agreement, Enrollment Agreement, Enrollment Agreement
Refund Policy. After You have the cancellation period, the institution provides right to withdraw from a pro rata refund course of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and instruction at any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration feetime. If you withdraw from school the course of instruction after the period allowed for cancellation of the agreement, which is the First class session, or the seventh day after enrollment, whichever is later. The school will remit a refund less a registration fee if applicable, not to exceed $75.00 within 30 days following your withdrawal. You are obligated to pay only for educational services (rendered and for un-returned equipment.) The refund shall be the amount you paid for instruction multiplied by a fraction, the numerator of which is the number of hours of instruction which you have NOT received but for which you have paid, and the denominator of which is the total number of hours of instruction for which you have paid. If you obtain equipment as specified in the agreement as a separate charge and return it in a good condition within 30 days following the date of your withdrawal, the school shall refund the charge for the equipment paid by you. If you fail to return the equipment in good condition allowing for reasonable wear and tear, within the 30 day period, the school may offset against the refund policy described above will applythe documented cost to the school of that equipment. If You shall be liable for the amount, if any by which the documented cost for equipment exceeds the prorated refund amount, the documented cost of the equipment may be less than the amount that charged, and the amount the school has charged in the contract, in any event, you have paid is will never be charges for more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. 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. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program equipment charges stated in the order stated below by contract. For a list of these charges, see the school and/or the studentfront page of this agreement. Student liability to loan funds will continue to be paid in accordance to the original promissory note termsIF THE AMOUNT THAT YOU HAVE PAID IS MORE THAN THE AMOUNT THAT YOU OWE FOR THE TIME YOU ATTENDED, THEN A REFUND WILL BE MADE WITHIN 30 DAYS FROM THE DETERMINATION DATE. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample CalculationIF THE AMOUNT THAT YOU HAVE ALREADY PAID, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programsTHEN YOU WILL HAVE TO ARRANGE TO PAY THE BALANCE DUE.
Appears in 2 contracts
Samples: Enrollment Agreement, Enrollment Agreement
Refund Policy. After If the cancellation periodinstitution receives tuition from the student, or a person on behalf of the student, the institution provides a pro rata will refund of ALL funds the student, or the person who paid for tuition charges to students who have completed 60 percent or less on behalf of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money tuition that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have was paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. 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. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned relation to the program in which the order stated below by student is enrolled if: the school and/or institution receives a notice of withdrawal from the student no later than seven days after the effective contract date and before the contract start date; the student, or the student’s parent or legal guardian, signs the student enrolment contract seven days or less before the contract start date and the institution receives a notice of withdrawal from the student between the date the student, or the student’s parent or legal guardian, signed the student enrolment contract and the contract start date; or the student does not attend a work experience component and the institution does not provide all of the hours of instruction of the work experience component within 30 days of the contract end date. Student liability to loan funds The institution will continue to be refund the tuition for the program and all related fees paid in accordance to the original promissory note terms. Funds owed by the student or a person on behalf of the student enrolled in the program if the student is enrolled in the program without having met the admission requirements and did not misrepresent his or her knowledge or skills when applying for admission. If a student does not attend any of the first 30% of the hours of instruction to be provided during the Grant programs are limited contract term, the institution may retain up to 50% of the gross award per tuition paid under the student enrolment contract unless the program receivedis provided solely through distance education. Sample CalculationUnless the program is provided solely through distance education, completion if the institution receives a notice of 25withdrawal from a student: more than seven days after the effective contract date and at least 30 days before the contract start date, the institution may retain up to 10% of the semester earns only 25tuition due under the student enrolment contract, to a maximum of $1,000. less than 30 days before the contract start date, the institution may retain up to 20% of the aid disbursed or that could tuition due under the student enrolment contract, to a maximum of $1,300. after the contract start date and up to and including 10% of the hours of instruction to be provided during the contract term have been disbursedprovided, the institution may retain up to 30% of the tuition due under the student enrolment contract. and after more than 10% but before 30% of the hours of instruction to be provided during the contract term have been provided, the institution may retain up to 50% of the tuition due under the student enrolment contract. Unless the program is provided solely through distance education, if the institution provides a notice of dismissal to a student and the date the institution delivers the notice to the student is: equal to or before 10% of the hours of instruction to be provided during the contract term have been provided, the institution may retain up to 30% of the tuition due under the student enrolment contract. after 10% but before 30% of the hours of instruction to be provided during the contract term have been provided, the institution may retain up to 50% of the tuition due under the student enrolment contract. If applicablethe institution provides the program solely through distance education and the institution receives a student’s notice of withdrawal or the institution delivers a notice of dismissal to the student and: the student has completed and received an evaluation of his or her performance for up to 30% of the hours of instruction to be provided during the contract term, the institution may retain up to 30% of the tuition due under the student enrolment contract, or the student has completed and received an evaluation of his or her performance for more than 30% but less than 50% of the program, the institution may retain up to 50% of the tuition due under the student enrolment contract. The institution will refund fees charged for course materials paid for but not received if the student provides a notice of withdrawal to the institution or the institution provides a notice of dismissal to the student. Refunds required under this policy will be paid to the student, or a person who paid the tuition or fees on behalf of the student, within 30 days: of the date the institution receives a student’s notice of withdrawal, of the date the institution provides a notice of dismissal to the student, of the date that the registrar provides notice to the institution that the institution is not complying with section 1(c) or 2 of this policy, or after the first 30% of the hours of instruction if section 3 of this policy applies. If an international student delivers a copy of a refusal of a study permit to the institution, sections 1(a), 1(b), 4, 7,Error: Reference source not found and 8 of this policy apply as if the copy of the refusal were a notice of withdrawal, unless: the international student requests an additional letter of acceptance for the same program that was the subject of the refusal of a study permit, or the program is provided solely through distance education. Please be advised that under section 61 of the Private Training Act, the Registrar is authorized to collect, use and disclose personal information in accordance with the Registrar’s regulatory duties under that Act. Accordingly, this would be institution is authorized to disclose your personal information to the first calculation to determine the amount of aid that the student would be eligible Registrar for from the Title IV Financial Aid programsregulatory purposes.
Appears in 2 contracts
Samples: Student Enrollment Agreement, Student Enrollment Agreement
Refund Policy. A student who cancels within seven days of signing the enrollment agreement receives all monies returned except for the non-refundable registration fee. After the end of the cancellation period, the institution provides student has the right to stop school at any time and will be liable for the following: The non-refundable registration fee. Tuition liability as of the student’s last date of physical attendance. A student is entitled to a pro-rated refund if the student has completed 60 percent or less of the scheduled days in the program. If the Enrollment Agreement is cancelled, the school will refund the student any money he/she paid within 45 days after the notice of cancellation is received by the school A student may withdraw from the school at any time after the cancellation period (described above) and receive a pro rata refund of ALL funds paid for tuition charges to students who if you have completed 60 percent or less of the period scheduled days in the program through the last day of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal completed more than 60% of the period of attendance for which the student financial aid fundswas charged, the tuition is considered earned, and the student is entitled to will receive no refund. To determine a refund under this section, a student shall be deemed to have withdrawn from a program of moneys not paid from federal instruction when any of the following occurs: The student notifies the institution of the student’s withdrawal or as of the date of the student's withdrawal, whichever is later. The institution terminates the student's enrollment for failure to maintain satisfactory progress; failure to abide by the rules and regulations of the institution; absences more than maximum set forth by the institution; and/or failure to meet financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior obligations to the completion institution. The student has failed to attend class for one week (7 consecutive calendar days). The student has failed to return from a leave of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will absence. To determine the amount of aid the refund, the date of the student's withdrawal shall be deemed to be the last date of recorded attendance. The amount owed equals the daily charge for the program (total institutional charge minus non-refundable fees, divided by the number of days in the program), multiplied by the number of days scheduled to attend, prior to withdrawal. To determine when the refund must be paid, the student earnedshall be deemed to have withdrawn at the end of one week (7 consecutive calendar days). Unearned funds would Assuming you paid the following amount: You will be returned to the program due a refund in the order stated below by amount listed below, which is based on the school and/or the studentpercentage of training you completed. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to NOTE: Total Program Hours: 165 hours % Completed: 10% (16.5 hrs) 25% (41.25 hrs) 50% of the gross award per program received. Sample Calculation, completion of 25(82.5 hrs) 60% of the semester earns only 25(99 hrs) 75% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs.(123.75 hrs) Refund Amount: $ 1,574.10 $ 1,311.75 $ 874.50 $ 699.60 $ 0.00 First Name: Last Name: M.I: Address: City: State: Zip Code: Mobile Phone: Home Phone: Email: High School: High School Address State: Zip Code: Year Graduated:
Appears in 2 contracts
Samples: Enrollment Agreement, Enrollment Agreement
Refund Policy. After Your completed Enrolment Form acts as confirmation that you accept and commit to paying the cancellation periodfees, as they are stated on the institution provides Student Enrolment Form and / or via a pro rata refund payment plan agreement. For any forms submitted electronically, in lieu of ALL funds paid for tuition charges your signature, you will need to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund read and agree to the studentTerms and Conditions, Privacy Notice and Fees & Charges online to submit your form. Application By doing so you accept the Terms and Conditions fully. Ticking all boxes prior to submitting an Enrolment Form confirms and verifies that the Student has a full understanding of all Terms and Conditions, Fees & Registration Charges and knowingly and willingly accepts all terms. Distance, online students are considered to have commenced their course from the date that their enrolment has been accepted by Australian College. It is the Students’ responsibility to ensure that they have a complete understanding of all course requirements prior to enrolling. Ticking all boxes prior to submitting an Enrolment form confirms and verifies that the Student has a full understanding of all Terms & Conditions, Fees are non refundable item& Charges and knowingly and willingly accepts all terms. Books, supplies Students requesting to be "withdrawn" from an Australian College course and any other items issued and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe fees in full are not eligible for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys any kind. Students requesting to be "withdrawn" from an Australian College course and have outstanding fees owing due to a payment plan enrolment, are not eligible for a refund of any kind and must pay out the remaining balance before the "withdrawal" can be finalised. Australian College reserves the right to withdraw any Student from a course as a result of inappropriate behaviour and / or offensive language towards staff and trainers/assessors or not maintaining consistent and active course progression (one unit per month). In the event this occurs, Students are obligated to pay out any outstanding fees owing and are not eligible for a refund of any kind. If a Student has paid the pre-enrolment fee of $1400 and has submitted the Australian College Request Form within 10 days from federal student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semestertheir enrolment date, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount refund of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited up to 50% of the gross award per program received. Sample Calculation, completion of 25% of course less the semester earns only 25% of the aid disbursed or that could have been disbursed$200.00 cancellation fee will be issued within 7-10 working days. If applicablea Student has enrolled with a payment plan and has submitted the Australian College Cancellation Request Form within 10 days from their enrolment date, this would the deposit is non-refundable and a $200.00 cancellation fee is required. When National Training Packages are updated, Students are not eligible for a refund of any kind. Students can however either complete their course within the mandatory teach out period and obtain the full qualification and / or partial Statement of Attainment for units completed or arrange to transition to the new National Training Package when the package becomes available (additional fees and charges may apply). If a student does not maintain their payment plan i.e default on their required weekly or fortnightly payments by up to 3 weeks, students will be the first calculation to determine the amount of aid that the student would withdrawn from their course without further notice and will not be eligible for from the Title IV Financial Aid programsa refund of any kind. In addition, debt recovery will commence for all outstanding fees owed to Australian College.
Appears in 1 contract
Samples: Terms and Conditions
Refund Policy. After 7.1 In the cancellation periodunlikely event that the University is unable to provide the program to which I have been admitted, all my prepaid tuition fees are fully refundable. If my offer of admission is withdrawn on the basis of incorrect or incomplete information supplied by me, the institution provides a pro rata refund University will retain 10% of ALL funds paid for my tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has fee deposit as well as any costs incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnableUniversity in recruiting me (e.g., agent commission). If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a Any such refund will be made within 45 as soon as possible after the determination to withdraw the offer or to not provide the program, but not later than 10 working days after the scheduled start of the official withdrawal date. See Refunds section below. program.
7.2 If the amount that you owe is more than the amount that you have already paidI fail to make satisfactory academic progress and am not permitted to re-enrol, then you I will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal student financial aid funds, the student is entitled to be eligible for a refund of moneys not paid prepaid tuition fees.
7.3 Withdrawal before the add/drop date
a) If I give written notice of withdrawal from federal student financial aid the program fundsbefore the add/drop date in my first study period of enrolment, the University will retain 10% of my tuition fee deposit as well as any costs incurred by the University in recruiting me (e.g. agent commission). Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion The remainder of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed prepaid fees (except OSHC payments) will be applied to refunded.
b) For any subsequent study period of enrolment in the funds received or that could have been receive that will determine the amount same program, where I give written notice of aid the student earned. Unearned funds would be returned to withdrawal from the program in on or before the order stated below by the school and/or the student. Student liability to loan funds will continue to add/drop, date all prepaid fees (except OSHC) for that study period are fully refundable.
c) In exceptional circumstances, and where acceptable documentary evidence can be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculationprovided, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would I may be eligible for from a refund of prepaid tuition fees. Exceptional circumstances include inability to obtain a student visa, illness or disability, death or death of a close family member (parent, sibling, spouse or child), or a political, civil or natural event.
7.4 Withdrawal after the Title IV Financial Aid programsadd/drop date
a) If I withdraw after the add/drop date, I can apply to have my tuition fee refunded according to the University's refund policy.
b) A full refund of prepaid tuition fees may be granted where it can be established that exceptional circumstances applied that:
i. were beyond my control; and
ii. did not make their full impact on me until on, or after the add/drop date; and
iii. made it impracticable for me to complete the requirements for the course(s); or
iv. I enrolled in a program or course on the basis of misleading or incorrect information.
c) To meet the requirement that exceptional circumstances did not make their full impact on me until on or after the add/drop date, my circumstances must occur either:
i. before the add/drop date, but worsen after that day; or
ii. before the add/drop date, but the full effect or magnitude does not become apparent until after that day; or
iii. on or after the add/drop date.
d) Exceptional circumstances that make it impracticable for me to complete the requirements for the course(s) include:
i. Medical circumstances. For example, where a medical condition has changed to such an extent that I am unable to continue studying; xx.Xxxxxx/personal circumstances. For example, death or severe medical problems within a family, or unforeseen family financial difficulties, so that it is unreasonable to expect me to continue studies;
Appears in 1 contract
Refund Policy. After The University charges tuition by the cancellation semester. The University has established a drop/add period, that begins with the institution provides first day of scheduled classes and extends through two weeks thereafter, through the fourteenth day of the semester. The drop/add period for a pro rata refund condensed summer term, eight week online session, or a mid-term start is one week in duration. If the student withdraws before the end of ALL the drop/add period the student will be refunded all tuition and fees (excluding any nonrefundable fees, such as the nonrefundable application fee and ID card fee), as well as any funds paid for supplies or equipment which can be and are returned to the institution or supplier. If the student withdraws after the drop/add period no refund will be issued. The University provides a list of required textbooks and permits its students to purchase books directly from vendors of the student’s choosing. The decision, therefore, as to whether a student can obtain a refund for books is dependent on arrangements made at the time of purchase between the student the book vendor. Tuition refunds will be made within thirty (30) days from the date that the University determines that the student has withdrawn. Students will receive a total refund of tuition charges and fees, less nonrefundable fees, if the student cancels his or her enrollment before beginning the semester, or cancels his or her executed Enrollment Agreement within three (3) business days of signing the agreement. Furthermore, tuition and fees will also be refunded in full, for the current term, under the following circumstances: * Programs are cancelled by the University; * The student is called to students who have completed 60 percent military duty; * The documented death of the student or less member of his or her immediate family; parent, spouse, child or sibling; * Illness of the student of such severity or duration, as approved by the University and confirmed in writing by a physician, where completion of the period of attendance. Once more then 60 percent enrollment for which the student has been charged is precluded; *Exceptional circumstances with approval of the enrollment period in President of the entire course has incurred (including absences)University or official designee. I understand, there will be no refund and agree to the student. Application & Registration Fees are non refundable item. BooksUniversity's Refund Policy and further understand that I am solely responsible for all program costs, supplies tuition, fees, and any other items issued related costs of attendance. Student Initials: When a student receiving federal Title IV financial assistance withdraws from the University, a determination of the amount of assistance earned and received what may have to be returned must be made. The law specifies how MAU must determine the amount of Title IV program assistance that a student can earn if he or she withdraws from school. The Title IV programs that are covered by this include such programs as: Federal Pell Grants, Iraq Afghanistan Service Grants, Academic Competitiveness Grants, National SMART grants, Xxxxxxxx Loans, PLUS Loans, Federal Supplemental Educational Opportunity Grants (FSEOGs), and Federal Xxxxxxx Loans. When a student withdraws during a payment period the amount of Title IV program assistance that the student would not be returnablehas earned up to that point is determined by a specific formula. If you cancel the agreement, a student received (or the school will refund any money that you paid, less any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is or parent received on the student’s notification or school’s determinationbehalf) less assistance than the amount earned, the student may be able to receive those additional funds. If the student has received federal student financial aid fundsmore assistance than earned, the student is entitled to a refund of moneys not paid from federal student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the excess funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would must be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note termsThe amount of assistance that a student has earned is determined on a prorata basis. Funds owed by For example, if a student completed 30% of a payment period, the student to the Grant programs are limited to 50earns 30% of the gross award per program receivedassistance he or she was originally scheduled to receive. Sample Calculation, completion of 25Once the student has completed more than 60% of the semester payment period, he or she earns only 25% all the assistance that he or she was scheduled to receive for that period. If a student did not receive all of the aid disbursed or that could have been disbursedfunds earned, the student may be due a post-withdrawal disbursement. If applicablethe post-withdrawal disbursement includes loan funds, the University must get the student’s permission before it can disburse them. The student may choose to decline some or all of the loan funds so that the student does not incur additional debt. The University may automatically use all or a portion of the post-withdrawal disbursement of grant funds for tuition, and fees. The University needs permission to use the post-withdrawal grant disbursement for any other school charges or outstanding balances, and obtains this would permission in a signed document when the student applies for aid through the University. This allows the University to keep the funds to pay off balances and helps to reduce a student’s debt at the school. There are Title IV funds that a student may be scheduled to receive that cannot be disbursed once the student withdraws because of other eligibility requirements. For example, if a student is a first-time, first-year undergraduate student and does not complete the first calculation to determine 30 days of the amount of aid educational program before withdrawing, the student will not receive any FFEL or Direct Loan funds that the student would have received had he or she remained enrolled past the 30th day. If the student receives (or the University or parent receives on the student’s behalf) excess Title IV program funds that must be eligible for returned, the University will return a portion of the excess equal to the lesser of: 1) institutional charges multiplied by the unearned percentage of the funds; or 2) the entire amount of excess funds. The University will return this amount even if it didn’t keep this amount of a student’s Title IV program funds. If the University is not required to return all of the excess funds, the student must return the remaining amount. Any loan funds that a student must return must be repaid in accordance with the terms of the promissory note. That is, the student makes scheduled payments to the holder of the loan over a period of time. Any amount of unearned grant funds that a student must return is called an overpayment. The maximum amount of a grant overpayment that a student must repay is half of the grant funds received or scheduled to be received. A student does not have to repay a grant overpayment if the original amount of the overpayment is $50 or less. Students must make arrangements with the University or the Department of Education to return the unearned grant funds. I understand, and agree to the University's Return of Title IV Funds policy and further understand that this policy is distinct from the Title IV Financial Aid University’s refund policy provided herein, and that I must adhere to the terms, if applicable, of any loans obtained through the University’s participation in financial aid programs.. Student Initials:
Appears in 1 contract
Samples: Enrollment Agreement
Refund Policy. After At the cancellation end of the study period any unspent fund Deposit/Credit Fund is fully refundable on a written request from you. You are asked to specify in writing the preferred payment method (i.e. by cheque or by a bank transfer and provide bank details). £30 (twenty five pounds) will be deducted from the amount to be transferred to cover the transfer cost or if a cheque needs to be manually paid into your UK account. This fee is subject to UK tax (‘VAT’), currently 20%. There will be no fee if a cheque is sent to any UK address. • Once you have accepted our terms and paid our invoices, we are unable to refund the Registration Fee whether or not the service is taken up. The Deposit/Credit Fund is only returned at the end of a course and is nonrefundable should you decide not to attend LISC. Only in the case of a visa being refused due to the sponsor (LISC) not having provided adequate information within CAS (Confirmation of Acceptance for Studies) and an official confirmation has been received to this effect from the Home Office, will the Deposit be refunded. It is however every applicant’s duty to check a draft CAS e-mailed beforehand to ensure its accuracy. • If a student has their visa refused due to incorrect or insufficient evidence provided to meet maintenance requirements of the home office visa application process, one term’s fees will be retained. This is equivalent to the notice required to terminate the contract. Any fees paid beyond one term will be fully refunded. • There will be no credit for any part of a fee should there be a delay in a student’s arrival to LISC, for whatever reason, including a visa delay. • It may take up to 30 days from the end of the course for the Deposit / Credit Fund to be refunded, due to the administration of all additional child’s expenditures throughout the course. Please note LISC requires you to write in with the preferred refund method and bank details (if applicable). • Should you or your child not use our services for some period, the institution provides be it for personal or medical reasons, no refund will be due. LISC advises all students to purchase insurance prior to starting a pro rata refund programme which depends on circumstances may cover fees due of ALL funds paid for tuition charges to students who have completed 60 percent or less some of the period unused services.. LISC as Tier 4 sponsor has a reporting obligation and any student who does not finish a given course needs to be reported within 10 days of prematurely leaving LISC or not arriving at a beginning of a term. • If you or your child is expelled or suspended from LISC (due to infringement of student rules), no monies will be refunded. • If it comes to our knowledge that a student does not have permission to stay in the UK or falsified documents have been used to gain permission to remain in the UK, a student’s studies will be terminated, the Home Office will be notified and no monies will be refunded. • Students sponsored by LISC on a Tier 4 visa must abide by the Home Office standards of attendance. Once more then 60 percent If attendance falls below requirements, the CAS will be withdrawn and the Home Office will be notified; if students are requested to leave the country, no monies will be refunded. • In the unlikely eventuality of the enrollment period in Home Office visa sponsor license of LISC being revoked, for students who cannot therefore commence their studies at LISC, any Tuition Fees paid upfront and the entire course has incurred (including absences), there Deposit will be no refund to the studentrefunded. Application & The Registration Fees are non refundable itemFee will be retained. Books, supplies and any other items issued and received by the student would Students will not be returnable. If you cancel the agreement, the school will refund eligible to receive any money that you paid, less compensation in such circumstances and by signing this contract agree not to make any deduction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you such claims or have paid is more than the amount that you owe for the time you attended, then a refund will be them made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. 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. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programstheir behalf.
Appears in 1 contract
Samples: Terms and Conditions
Refund Policy. After the cancellation period, the institution provides a pro pro-rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non non-refundable item. Books, supplies and any other items issued issued, and received by the student would not be returnable. If you cancel the agreement, the school will refund any money that you paid, less any deduction for the registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys money not paid from federal student financial aid program funds. Special note If the student obtains a loan to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loanspay for an educational program, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior the student will have the responsibility to repay the completion full amount of the equivalent to 60 percent of the workload in any given semesterloan plus interest, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine less the amount of aid any refund. Charges paid to an entity other than an institution that is specifically required for participation in the educational program. Name of Entity other than an institution Date Charges Paid Amount None - $ An institution offering a distance education program where the instruction is not offered in real-time shall transmit the first lesson and any materials to any student within seven days after the institution accepts the student earnedfor admission. Unearned funds would be returned The student shall have the right to cancel the agreement and receive a full refund pursuant to section CCR 71750 before the first lesson and materials are received. Cancellation is effective on the date written notice of cancellation is sent. The institution shall make the refund pursuant to section CCR 71750. If the institution sent the first lesson and materials before an effective cancellation notice was received, the institution shall make a refund within 45 days after the student's return of the materials. An institution shall transmit all of the lessons and other materials to the student if the student has fully paid for the educational program and after having received the first lesson and initial materials, requests in writing that all of the order stated below material be sent. If an institution transmits the balance of the material as the student requests, the institution shall remain obligated to provide the other educational services it agreed to provide, such as responses to student inquiries, student and faculty interaction, and evaluation and comment on lessons submitted by the school and/or the student. Student liability , but shall not be obligated to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% pay any refund after all of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programslessons and material are transmitted.
Appears in 1 contract
Samples: Enrollment Agreement
Refund Policy. After For the cancellation periodpurpose of determining a refund, you may be deemed to have withdrawn from a program of instruction when you notify Oak Valley of your withdrawal OR your enrollment is terminated for failure to maintain satisfactory progress; failure to abide by the institution provides rules and regulations of the institution; and/or failure to meet financial obligations to Oak Valley. Your refund includes fees for instruction only. If you have received financial aid funds, you are entitled to a pro rata refund of ALL funds monies not paid from federal student financial aid program funds. Equipment such as computers, laptops, software, books, materials, and supplies or any other goods related to the instruction offered in this Agreement is purchased directly by the student from vendors and is not subject to a refund by Oak Valley. The refund policy for tuition charges to students who have completed 60 percent or less of the period course of attendanceinstruction during the semester shall be a pro rata refund. Once more then 60 percent Oak Valley College will remit a refund, less the non-refundable enrollment fee of $250. You are obliged to pay only for educational services rendered. The refund shall be the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received amount you paid for instruction multiplied by the student would not be returnable. If you cancel the agreementa fraction, the school will refund any money that numerator of which is the number of hours of instruction, which you have not received but for which you have paid, less any deduction and the denominator of which is the total number of hours of instruction for registration fee. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that which you have paid is more than the amount that you owe for the time you attendedpaid. IF THE AMOUNT YOU HAVE PAID IS MORE THAN THE AMOUNT THAT YOU OWE FOR THE TIME YOU ATTENDED, then a refund will be made within THEN A REFUND WILL BE MADE WITHIN 45 days of the official withdrawal dateDAYS OF WITHDRAWAL. See Refunds section below. If the amount that you owe is more than the amount that you have already paidIF THE AMOUNT THAT YOU OWE IS MORE THAN THE AMOUNT THAT YOU HAVE ALREADY PAID, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. 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. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given semester, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programsTHEN YOU WILL HAVE TO MAKE ARRANGEMENTS TO PAY FOR IT.
Appears in 1 contract
Samples: Student Enrollment Agreement
Refund Policy. After NOTICE OF CANCELLATION terminations for any reason, by either party, including student decision, course or program cancellation, or school closure. Any monies due the applicant or students shall be refunded within 45 days of official cancellation or withdrawal. Official cancellation or withdrawal shall occur on the earlier of the dates that: An applicant is not accepted by the school. The applicant shall be entitled to a refund of all monies paid. A student (or in the case of a student under legal age, his/her parent or guardian) cancels his/her enrollment in writing within three business days of signing the enrollment agreement. In this case all monies collected by the school shall be refunded, regardless of whether or not the student has actually started classes. A student cancels his/her enrollment after three business days of signing the contract but prior to starting classes. In these cases he/she shall be entitled to a refund of all monies paid to the school except non-refundable registration fee in the amount of $100. A student notifies the institution of his/her withdrawal in writing. A student on an approved leave of absence notifies the school that he/she will not be returning. The date of withdrawal shall be the earlier of the date of expiration of the leave of absence or the date the student notifies the institution that the student will not be returning. A student is expelled by the school. (Unofficial withdrawals will be determined by the institution by monitoring attendance at least every 14 calendar days.) In type 2, 3, 4 or 5, official cancellations or withdrawals, the cancellation perioddate will be determined by the postmark on the written notification, or the date said notification is delivered to the school administrator or owner in person. For students who enroll and begin classes but withdraw prior to course completion (after three business days of signing the contract), the institution provides following schedule of tuition earned by the school applies. All refunds are based on scheduled hours: PERCENTAGE OF SCHEDULED TIME ENROLLED TO TOTAL COURSE/PROGRAM TOTAL TUITION THE SCHOOL SHALL RECEIVE/RETAIN 0.01% - 4.99% 20% 5.0% - 24.99% 25% 25% - 49.9 % 50% 50% - 74.9% 75% 75% AND OVER 100% All refunds will be calculated based on the students last date of attendance. Calculations will be completed within 30 days of the date of determination of a student’s withdrawal. Any monies due a student who withdraws shall be refunded within 45 days of a determination that a student has withdrawn, whether officially or unofficially. In the case of disabling illness or injury, death in the student's immediate family or other documented mitigating circumstances, a reasonable and fair refund settlement will be made. If permanently closed or no longer offering instruction after a student has enrolled and instruction has begun, the school will provide a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received by the student would not be returnableOR provide course completion through a pre-arranged teach out agreement with another institution. If you cancel the agreementcourse is canceled subsequent to a student's enrollment and before instruction has begun, the school will either provide a full refund any money that you paid, less any deduction for registration fee. If you withdraw from school after of all monies paid or completion of the cancellation period, the refund policy described above will applycourse at a later time. If the amount that you course is cancelled or in the event of school closure after students have paid enrolled and instruction has begun, the school shall provide a pro rata refund for all students transferring to another school based on the hours accepted by the receiving school OR provide completion of the course. Students who withdraw or terminate prior to course completion are charged a cancellation or administrative fee of $150.00. This refund policy applies to tuition and fees charged in the enrollment agreement. Other miscellaneous charges the student may have incurred at the institution (EG: kit materials, kits & books, products, etc. are non-refundable) will be calculated separately at the time of withdrawal. All fees are identified in the catalog and in this enrollment agreement. If a Title IV financial aid recipient withdraws prior to course completion, a calculation for return of TIV funds will be completed and any applicable returns by the school shall be paid, as applicable, first to unsubsidized Federal Xxxxxxxx Student Loan Program; second to subsidized Federal Xxxxxxxx Student Loan Program; third to Direct PLUS Loans, fourth to Federal PELL Grants for which a return of Title IV funds is more than required; fifth to FSEOG for which return of Title IV funds is required; sixth is TEACH grants for which return of Title IV funds is required; Iraq and Afghanistan Service Grant for which a return of Title IV funds is required . After all applicable returns to TIV aid have been made, this refund policy will apply to determine the amount that you owe for earned by the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on school and owed by the student’s notification or school’s determination. If the student has received personal payments of Title IV aid, he/she may be required to refund the aid to the applicable program. The Office of Financial Aid is required by federal student statute to recalculate federal financial aid fundseligibility for students who withdraw or are dismissed prior to completing 60% of the program. The federal Title IV financial aid programs must be recalculated in these situations. Students desiring to withdraw from the school must complete the withdrawal form available from the school’s Director. Earned Title IV Funds are federal Title IV funds used to cover education costs according to the length of time the student was enrolled before withdrawing. The amount of funds earned is directly proportional to the time enrolled, through 60% of the program. After 60% the student is entitled considered to have earned all aid. Unearned Title IV Funds are the amount of grant and loan assistance awarded under Title IV that has not been earned by the student and must be returned to the programs. If a refund of moneys not paid from federal student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from leaves the school prior to the completion completing 60% of the equivalent program, the financial aid office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula: Percentage of payment period or term completed = the number of days completed up to 60 percent the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the workload days in any given semester, a calculation the term.) This percentage is also the percentage of earned aid. Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula: Aid to be returned = (100% of the aid that could be disbursed minus the percentage completed will be applied to of earned aid) multiplied by the funds received or total amount of aid that could have been receive that will determine disbursed during the amount of payment period or term. If a student earned less aid the student earned. Unearned funds than was disbursed, DSI Academy would be returned required to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% return a portion of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that funds and the student would be eligible for from required to return a portion of the funds. Keep in mind that when Title IV Financial Aid programsfunds are returned, the student borrower may owe a debit balance to the institution. If a student earned more aid than was disbursed to him/her, DSI Academy would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student’s withdrawal. DSI Academy must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student’s withdrawal.
Appears in 1 contract
Samples: Enrollment Agreement
Refund Policy. After If the cancellation periodstudent cancels an enrollment agreement or withdraws during a period of attendance, the institution provides a pro rata refund of ALL funds paid policy for tuition charges to students who have completed 60 percent or less of the period of attendanceattendance shall be a pro rata refund. Once more then 60 percent A pro rata refund pursuant to section 94919(c) or 94920(d) or 94927 of the enrollment period in the entire course has incurred (including absences), there will code shall be no refund to less than the student. Application & Registration Fees are non refundable item. Books, supplies and any other items issued and received total amount owed by the student would not for the portion of the educational program provided subtracted from the amount paid by the student, calculated as follows: The amount owed equals 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 student attended, or was scheduled to attend, prior to withdrawal. For purposes of determining a refund, a student shall be returnableconsidered to have withdrawn from an educational program when he or she withdraws or is deemed withdrawn in accordance with the withdrawal policy stated in this institution’s catalog. If you cancel an institution has collected money from a student for transmittal on the agreementstudent’s behalf to a third party for a bond, library usage, or fees for a license, application, or examination and the institution has not paid the money to the third party at the time of the student’s withdrawal or cancellation, the school will institution shall refund any the money that you paid, less any deduction for registration fee. If you withdraw from school after to the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made student within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification withdrawal or school’s determinationcancellation. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys money not paid from federal student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loans, ACG/National SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to This institution shall refund any credit balance on the completion student’s account within 45 days after the date of the equivalent student’s completion of, or withdrawal from, the educational program in which the student was enrolled. Tuition $ Registration Fee (nonrefundable) $ Other Fees will be the responsibility of each student (approximately $260): DMV $85 DOT Physical $60 DOT Drug Test $40 Hazmat Background check $86.50 “YOU MAY ASSERT AGAINST THE HOLDER OF THE PROMISSORY NOTE YOU SIGNED IN ORDER TO FINANCE THE COST OF THE EDUCATIONAL PROGRAM ALL OF THE CLAIMS AND DEFENSES THAT YOU COULD ASSERT AGAINST THIS INSTITUTION, UP TO THE AMOUNT YOU HAVE ALREADY PAID UNDER THE PROMISSORY NOTE.” If a student obtains a loan to 60 percent pay for an educational program, the student will have the responsibility to repay the full amount of the workload in any given semesterloan, a calculation using the percentage completed will be applied to the funds received or that could have been receive that will determine plus interest, less the amount of aid any refund. If the student earned. Unearned funds would be returned to the program in the order stated below is eligible for a loan guaranteed by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by federal or state government and the student to defaults on the Grant programs are limited to 50% loan, both of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs.following may occur:
Appears in 1 contract
Samples: Enrollment Agreement
Refund Policy. After If a student is not accepted by the cancellation periodschool, the institution provides a pro rata refund of ALL funds all monies paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more then 60 percent of the enrollment period in the entire course has incurred (including absences), there will shall be no refund refunded to the student. Application & Registration Fees are non refundable itemThis Enrollment Agreement or application to school may be cancelled within five calendar days after the date of signing if the school is notified of the cancellation in writing. BooksThe school will promptly refund, in full, all tuition and fees paid no later than 10 (ten) days after the cancellation. This does not apply if the student has already started class. A student who withdraws or is dismissed after 5 days has passed, but before completing 60% of the potential units of instruction in the current enrollment period, shall be entitled to a pro rata refund, as calculated below, less any amounts owed by the student for the current enrollment period, less a one–time application fee of $100. Pro rata refund shall be determined as the number of units remaining after the last unit completed by the student, divided by the total number of units in the enrollment period, rounded downward to the nearest ten percent. Pro rata refund is the resulting per cent applied to the total tuition and other required costs paid by the student for the current enrollment period. All efforts will be made to refund prepaid amounts for books, supplies and other charges unless the student has consumed or used those items and they can no longer be used or sold to new students, or returned by the school to the supplier. Refunds shall be paid within 40 days after the effective date of termination. After the student’s first period of enrollment, if a student withdraws or is dismissed in a subsequent enrollment period, the school may also retain an administrative fee of 15% of the total cost of a resident program, or $400, whichever is less. No refund is required for any student who withdraws or is dismissed after completing 60% of the potential units of instruction in the current enrollment period unless a student withdraws due to mitigating circumstances, which are those that directly prohibit pursuit of a program and which are beyond the student’s control. You will receive written notice acknowledging your withdraw request within 10 business days after receipt of the notice and you will receive a refund of any tuition, fees, and other items issued and charges within 30 business days of receipt of your withdrawal. Written notice is effective of the date received by the student would not be returnableinstitution. If you cancel do not withdraw in writing or contact the agreementinstitution about your absence, and you have not attended your program for 21 consecutive days, you will be considered to have withdrawn from the school will refund any money that you paid, less any deduction for registration feeas of your last date of attendance. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will You may be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys your equipment and supplies costs if you return your equipment and supplies within 10 days of withdrawing if your supplies in a condition suitable for resale. If you do not return your equipment and supplies or the supplies are not in a condition suitable for resale, this cost will be deducted from your tuition, fee, and other charge refund that you may be eligible for. A student who does not cancel class and does not attend, shall receive a refund of all tuition and fees paid from federal less the registration fee. In the case of a documented student financial aid program funds. Special note to students receiving Unsubsidized/Subsidized/PLUS/Xxxxxxx loansillness or accident, ACG/National SMART/Pell/SEOG grants death in the family, or other aidcircumstances beyond control of the student, if you withdraw the student shall be entitled to special consideration and the school may settle the account for an amount which is less than that called by the above policy. If a student withdraws or is dismissed from the school, all efforts will be made to refund pre-paid amounts for books, fees and supplies except for when the student consumes or uses the books, fees and/or supplies. Consumption of books, fees and supplies is defined as: • Items that were special ordered for a particular student and cannot be used by or sold to another student or • Items that were returned in a condition that prevents them from being used by or sold to new students • Individually documented non-refundable fees for goods and services provided by a third party vendor If a student stops attending classes and is placed on a leave of absence in lieu of a withdrawal from school, the school prior must document the nature of the leave of absence and the date the leave of absence ends. No leave of absence may exceed six months unless otherwise approved in writing by the board. A student who fails to return to school at the end of a leave of absence shall be formally withdrawn from the school and any refund of tuition and fees shall be issued in accordance with the last date of a student's attendance in class or participation in an academic activity. The amount charged to the completion student for tuition, fees, and other charges when only a portion of a course is completed shall not exceed the approximate pro rata portion of the equivalent to 60 percent total charges for tuition, fees, and other charges that the length of the workload in any given semester, a calculation using completed portion of its course bears to its total length. The non-refundable portion of the percentage completed registration fee will not exceed $10. Refunds will be applied to made within 40 days after the funds received last class attended, or that could have been receive that will determine the amount effective date of aid a withdrawal or termination. This policy is in compliance with the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% requirements of the gross award per program received. Sample Calculation, completion of 25% of the semester earns only 25% of the aid disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs38 CFR 21.4255.
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Samples: Enrollment Agreement