associate degree program - Instituto de Banca y Comercio

e. During the first week of school, students will be eligible for a 100% refund or credit to theiraccount, except for $100.00 of the enrollment cost.f. During weeks two and three, they will receive a 90% refund.g. During weeks four and six, they will receive an 80% refund.h. During weeks seven and ten, they will receive a 70% refund.i. During weeks eleven and thirteen, they will receive a 60% refund.j. During weeks fourteen and sixteen, they will receive a 50% refund.k. During weeks seventeen and nineteen, they will receive a 40% refund.l. After the twentieth week and up to the end of the course, they will not be eligible for a refund orcredit to their account.PAYMENT METHOD AND FREQUENCYASSOCIATE DEGREE PROGRAMSFinancial aid assigned annually will be divided or disbursed in three annual payments; each paymentcorresponds to one term. The payment period will be equivalent to the academic term; the academic yearwill consist of a minimum of 30 weeks. One instructional week will be equivalent to any 7-dayconsecutive period in which at least one day of regular classes, exams or their reviews are offered.Credit of payments to student accounts will take effect in the following way:1. One payment for each term to be credited at the end of the late enrollment period or themaximum term authorized for the addition or elimination of courses.2. After the authorized period for adding or eliminating courses; partial withdrawals will not affectthe number of enrollment credits. The student’s account will not be affected by changes in thenumber of credits.3. After the period for adding or eliminating courses, a determination of whether the student is afull-time, ¾ parts or part-time student will be made.4. A student will be considered as having attended class if s/he attends at least one day of class foreach course in which s/he is enrolled.5. Students that do not attend any of their classes, refer to the Enrollment Cancellation Policy.The Institution will not make changes to the enrollment status (full-time, ¾-time, or part-time) during thecourse of the term if the regulatory period for adding or eliminating courses has passed.If a student changes his/her enrollment status between terms, then the Institution will recalculate thestudent’s financial aid in relation to his/her new status and will recalculate the total cost of admissions(COA).[47]