associate degree program - Instituto de Banca y Comercio

Students who withdraw from Associate Degree Programs:a. The seat reservation fee is non-refundable. The tuition cost is refundable if the student processesan official withdrawal.b. If the student totally cancels an enrollment before or within the late enrollment period, a $100.00fee will apply.c. The Tuition Refund policy is directly related to the Refund of Title IV funds Policy, stipulatingthat:1) The percentage of the cost of the term earned by the Institution will be calculated fromthe percentage of Title IV earned on the student’s withdrawal date and the difference willbe credited to the student’s account.2) If the student processes a withdrawl during the period in which the Institution earns 1%to 10% of the Title IV funds, 90% of the tuition costs will be credited to the student’saccount.3) During the following 11% to 20% of Title IV, 80% of the tuition costs will be credited tothe student’s account.4) During the following 21% to 30% of Title IV, 70% of the tuition costs will be credited tothe student’s account.5) During the following 31% to 40% of Title IV, 60% of the tuition costs will be credited tothe student’s account.6) During the following 41% to 50% of Title IV, 50% of the tuition costs will be credited tothe student’s account.7) During the following 51% to 60% of Title IV, 40% of the tuition costs will be credited tothe student’s account.8) After the date in which the Institution has the right to earn 60% of the Title IV funds, theInstitution will claim 100% of the Title IV funds and the student will not receive a creditfor the concept of a refund to his/her account.Reimbursement to Title IV will occur during the 45 days after the date the institution determines thetermination or withdrawal of the student. Reimbursements to students will be processed during the 14 daysfollowing the date in which the student’s account reflects a balance-credit.Recess periods of five (5) days or more will not be included in the days earned for purposes of the refundpolicy.Refunds will be granted in the following order: Direct Loan, Pell, FSEOG, and the State Financial AidPrograms.If the student stops attending without providing official notice to the institution, then the withdrawal date isthe mid-point within the establish pay period of his/her program of study.[45]