The student has the right to cancel the enrollment agreement and obtain a refund according to the following refund policy. Student who withdraws up to midnight of the 5th business day after the first day of class will receive a one hundred percent (100%) refund on all money paid. Cancellation Notice must be signed, dated and may be mailed or delivered. All cancellations must be in submitted in writing. If the cancellation notice is mailed to the school, it becomes effective as of the postmark, if properly addressed with proper postage. If the School has given the student equipment or books, the student must return the books or equipment within 30 days following the date of the Cancellation Notice. If the student fails to return the books or equipment within this 30 days period, the school may retain that portion of the consideration paid by the student that represents the documented cost of the books or equipment to the student.
To determine the refund, deduct the registration fee not to exceed one hundred dollars ($75) from the total tuition charge. Divide this figure by the number of scheduled hours in the program. The quotient is the hourly charge for the program. The amount owed by the student for purpose of calculating a refund is derived by multiplying the hours by the hourly charge for instruction, plus the registration fee. It is the policy of the institution to pay the refund in the disclosed distribution policy found in the school catalog.
IF THE AMOUNT THAT YOU HAVE PAID IS MORE THAN THE AMOUNT THAT YOU OWED FOR THE TIME YOU ATTENDED, THEN A FULL REFUND WILL BE MADE WITHIN 30 DAYS OF WITHDRAWAL DATE. IF THE AMOUNT THAT YOU OWE IS MORE THAT THE AMOUNT YOU HAVE ALREADY PAID, THEN YOU WILL HAVE TO MAKE ARRANGEMENTS TO PAY IT.
A student last date of attendance (LDA) as documented by the College will be used to calculate any money the student owes and to calculate any refund the student is due. A student who withdraws during the first 10% of the period of financial obligation will be refunded 90% of the tuition price. After the first 10% of the period of financial obligation and until the end of the first 25% of the period of obligation, the student will be refunded 50% of the tuition price. After the 25% of the period of obligation and until the end of the first 50% of the period of obligation, the student will be refunded 25% of the tuition price. After the first 50% of the period of financial obligation, the institution retains 100% of the total tuition price.
In addition to having institutional charges adjusted based on the institution’s Tuition Refund Policy, for a student who receives federal financial assistance under the Title IV student financial aid programs, the institution must determine the amount of Title IV funds a student has earned at the time of withdrawal using the Return of Title IV Funds Policy. This amount of Title IV assistance earned is based upon the amount of time the student attended and has no relationship to the institutional charges that the student has incurred. Up through the 60% point of the payment period, a pro-rate schedule is used to determine the amount of Title IV funds the student has earned at the time of his or her withdrawal. After 60% point, the student has earned 100% of the Title IV funds for the payment period.
The method used to determine the percentage of the period completed is determined according to the following formula for our Non-Term Clock Hour programs:
Number of Hours Completed in the Period
Total Number of Hours in the Period
Scheduled breaks of at least five consecutive days are excluded from the total number of calendar days in the period (denominator) and the number of calendar of calendar days completed in the period (numerator). The calendar days on an approved leave of absence are also excluded from both the numerator and denominator in the calculation formula. Percentages are rounded to the third decimal place.