Business Administration - John F. Kennedy University
Business Administration - John F. Kennedy University
Business Administration - John F. Kennedy University
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General Information<br />
Education amendments of 1998. Recalculation is based on the<br />
percent of earned aid using the following formula:<br />
# days completed up to the withdrawal date<br />
% earned = ----------------------------------------------------------------------------------<br />
( total # of calendar days in term )<br />
Federal aid is returned to the federal government based on the<br />
percent of “unearned aid” using the following formula:<br />
amount of aid disbursed<br />
(100% – % earned) x<br />
(toward institutional charges)<br />
The responsibility of returning unearned aid is allocated between<br />
<strong>John</strong> F. <strong>Kennedy</strong> <strong>University</strong> and the student according to the<br />
portion of disbursed aid that could have been disbursed to cover<br />
the <strong>University</strong> charges and the portion that could have been<br />
disbursed directly to the student once the JFK <strong>University</strong> charges<br />
were covered. JFK <strong>University</strong> will distribute the “unearned aid”<br />
back to the title iv programs as specified by law. The student will<br />
be billed for the amount owed to the title iv programs and any<br />
amount due the <strong>University</strong> resulting from the return of title iv<br />
funds used to cover <strong>University</strong> charges.<br />
Withdrawal/Leave of Absence<br />
all undergraduate, graduate, and law students who fully withdraw<br />
from JFKU during a quarter/semester must do so according the<br />
schedule and instructions published by the registrar’s office.<br />
Reauthorization of the higher Education amendments, signed<br />
into law on october 7, 1998, resulted in a change in the federal<br />
regulations governing the refund or return of federal (title<br />
iv) funds. When a student withdraws from the <strong>University</strong>, the<br />
withdrawal date used in determining the federal refund policy is<br />
the date:<br />
• The student files the Add/Drop Form with the registrar’s<br />
office;<br />
• The student officially notifies in writing or by phone to the<br />
registrar’s office the student’s intent to withdraw; or<br />
• The <strong>University</strong> determines most accurately reflects the last<br />
date of attendance at an academically related activity of the<br />
student.<br />
if the student leaves without beginning JFKU’s official withdrawal<br />
process or otherwise providing official notification of his or her<br />
intent to withdraw, the withdrawal date will be the 50 percent<br />
point of the term. in this instance, JFKU could determine an earlier<br />
withdrawal date if the circumstances beyond the student’s control<br />
(e.g., illness) have prevented him or her from beginning the official<br />
withdrawal process. The <strong>University</strong> could also determine the last<br />
date of an academically-related activity of the student.<br />
The date used to determine the return of federal funds may be<br />
different from the date used by the <strong>University</strong> to determine<br />
institutional refunds.<br />
The Financial aid office at JFKU does not recognize leaves of<br />
absence for financial aid purposes.<br />
32 General Information<br />
Veterans’ Benefits<br />
<strong>John</strong> F. <strong>Kennedy</strong> <strong>University</strong> degree programs are approved by<br />
the California state approving agency for veteran’s Education<br />
(CsaavE). Certificate programs are not approved for va benefits.<br />
veterans who expect to receive va educational benefits must<br />
complete a notice to the veteran’s Benefits administrator at the<br />
time of registration. Contact the veteran’s Benefits administrator<br />
in the registrar’s office for current information.<br />
Monthly benefits are based on the number of units taken each<br />
quarter, the scheduled meeting dates of each course taken, and<br />
the number of the veterans’ dependents. The minimum number of<br />
units for each classification is listed in the following table:<br />
Status Undergraduate Graduate Law<br />
_______________________________________________________________________<br />
Full-time 12 9.0 6<br />
_______________________________________________________________________<br />
Three-Quarter-time 9 6.0 4<br />
_______________________________________________________________________<br />
half-time 6 4.5 3<br />
information on monthly benefits for the above attendance rates, for<br />
course attendance while on active duty, or for less than half-time<br />
attendance may be obtained by calling (800) 827-1000. Disabled<br />
veterans are advised to contact the vocational Rehabilitation and<br />
Counseling Division located at 1301 Clay street, oakland Ca<br />
94612-5209. Children of veterans qualify for benefits only if the<br />
veteran has a 100 percent service-related disability.<br />
all applicants and recipients of veterans’ benefits must maintain<br />
a cumulative grade-point average (GPa) of 2.0 (C) if an<br />
undergraduate, 3.0 (B) if a graduate student or 70 if a law student.<br />
linked students must maintain a cumulative GPa of 2.0 (C) in<br />
all undergraduate courses and a cumulative GPa of 3.0 (B) in all<br />
graduate courses during the period of articulation.<br />
students who fail to meet the minimum satisfactory GPa<br />
requirements will be placed on academic probation and notified. if<br />
a student remains on academic probation beyond two quarters or<br />
semesters, the <strong>University</strong> will report a termination of benefits to the<br />
Department of veterans’ affairs. The <strong>University</strong> may not continue<br />
to certify the enrollment of a veteran or eligible person whose<br />
academic progress remains below graduation requirements.<br />
The <strong>University</strong> must report the assignment of non-punitive grades<br />
(e.g., incompletes) to the Department of veterans’ affairs within 30<br />
days from the date the grades are assigned. The student is required<br />
to submit corroborative evidence to substantiate the student’s<br />
claim of mitigating circumstances. This is necessary to ensure<br />
compliance with statutory restrictions on benefit payments. if, at<br />
the end of one year from the date the incomplete was assigned, the<br />
student’s records still reflect a non-punitive grade for the course,<br />
the Department of veterans’ affairs will inform the student that the<br />
benefit payments for the course must be retroactively terminated.<br />
<strong>John</strong> F. <strong>Kennedy</strong> <strong>University</strong>