Cancellation & Refund Policies
In the event that a student withdrawals/terminates during their program, the following refund calculations are prepared as follows.
Title IV Students: 1. Title IV Refund Policy applied 2. Institutional Refund Policy applied.
Non-Title IV Students: 1. Institutional Refund Policy applied.
Return to Title IV Policy Step 1: Return to Title IV Policy applied first. Step 2: Student account updated. Step 3: Refund calculation.
The Federal Return of Title IV funds formula (R2T4) dictates the amount of Federal Title IV aid that must be returned to
government or the lending institution by the school and/or the student. The federal formula is applicable to an eligible student receiving federal aid when that student withdraws on or before the 60% point in time in the payment period. If a student does not begin training, the R2T4 formula does not apply.
For official withdrawals a student’s withdrawal date is the date the school received notice from the student that they are withdrawing.
For unofficial withdrawals a student’s withdrawal date is their last day of physical attendance. The school’s determination that a student is no longer in school for unofficial withdrawals is determined no later than 30 days after the end of the payment period, the academic year, or end of the program, whichever is earlier.
The federal formula requires a Return of Title IV calculation if the student received or could have received (based on eligibility criteria) federal financial assistance in the form of Pell Grants, Stafford Loans or Plus Loans and withdraws on or before completing 60% of the payment period. The percentage of Title IV aid earned is equal to the percentage of the payment period that was completed as of the withdrawal date if this occurs on or before the 60% point of time. The percentage that has not been earned is calculated by subtracting the percentage of Title IV aid earned from 100%.
The percentage of the payment period completed is calculated by the number of clock hours the student was scheduled to complete in the payment period as of the withdrawal date divided by the total number of clock hours in the payment period.
The amount to be returned is calculated by subtracting the amount of Title IV assistance earned from the amount of Title IV aid that was or could have been disbursed as of the withdrawal date. If a student receives less Title IV funds than the amount earned, the school will offer the student a disbursement of the earned aid that was not received at the time of their withdrawal which is a post withdrawal disbursement. Post withdrawal disbursements may be offered if eligible from Pell Grant funds first if eligible. If there are current
educational costs still due the school at the time of withdrawal, a Pell Grant post withdrawal disbursement will be credited to the student’s account.
Any Pell Grant funds in excess of current educational costs may be offered if eligible to the student. Any federal loan program funds due in a post withdrawal disbursement must be offered to the student and the school must receive the student’s permission before crediting their account.
The following Title IV refund distribution is used for all Financial Aid students due a refund:
1. Unsubsidized Federal Stafford Loan 2. Subsidized Federal Stafford Loan 3. Unsubsidized Direct Stafford Loan 4. Subsidized Direct Stafford Loan 5. Federal Perkins Loan 6. Federal PLUS Loan 7. Direct PLUS Loan 8. Federal Pell Grant 9. FSEOG
Refunds will be made to the federal programs within 30 days of the date of determination.
The statute requires that a student is responsible for all unearned Title IV program assistance that the school is not required to return. This is determined by subtracting the amount returned by the school from the total amount of unearned Title IV funds to be returned.
Refund Policy A. An applicant not accepted for training by the school shall be entitled to a refund of all monies paid, with the exception of the application fee.
B. If a student (or in the case of a student under legal age, his/her parent or guardian)
money back in writing, within three business days of the signing of the enrollment contact, all monies collected by the school shall be refunded with the exception of the application fee. The cancellation date will be determined by the postmark on written notification, or the date said information is delivered to the school administrator/ owner in person. This policy applies regardless of whether or not the student has actually started training.
C. If a student cancels his/her contract after three business days of signing the enrollment contract; and prior to entering classes; then he/she shall be entitled to a refund of all monies paid to the school less the $50 application fee and $300 registration fee.
D. For students who enroll in and begin classes, the following schedule of tuition adjustment applies:
cancels his/her enrollment and requests his/her
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