Page 12 2010–11 Graduate Catalog Introduction Experience Admissions Academic Info. Financial Info. Master of Education Campus Services Course Descriptions Online Courses Refund Dates 100% Within the first calendar week after the published start date of the course 75% Within the second calendar week after the published start date of the course 25% Within the third calendar week after the published start date of the course No refund Within or after the fourth calendar week after the published start date of the course Fall and Spring Saturday-Only Classes Refund Dates 100% After the first class but before the second class 25% After the second class but before the third class No refund Any time after the start of the third class Summer One-,Two-, and Three-Week Modules Refund Dates 100% Within the first calendar week after the published start date of the course 50% After the second class but before the third class 25% After the third class but before the fourth class No refund Any time after the start of the fourth class Requests for additional refund may be considered on the basis of a written petition to the office of the registrar. Course offerings changed or withdrawn by the University entitle a student to a full refund of tuition and related course fees. Students withdrawing from a course or courses and adding another will be granted a full tuition refund to apply toward courses added. If the new total hours are fewer than the original total, the above refund schedule will apply. Federal Refund In addition to the overall institutional policy requirements, the following regulations mandated by the United States Department of Education are applicable. When a refund is due a student under Cedarville University’s refund policy and the student received financial aid under federal Title IV funds, a portion of the refund shall be applicable to the Title IV programs based on a federal formula, except the University work study program. Pro Rata refunds will be calculated for all students who withdraw before the expiration of 60% of the term of attendance. A federal refund and an institutional refund will be calculated on all other students who withdraw. Federal Refund Policy for Stafford Loans A portion of Title IV grant or loan funds, but not FWS funds, must be returned to the Title IV programs upon a Title IV recipient’s withdrawal from the school. Withdrawal date The day the student withdraws is the date (determined by the school): • The student began the withdrawal process prescribed by the school; or • The student otherwise provided the school with official notification of the intent to withdraw; or • For the student who does not begin the school’s withdrawal process or notify the school of the intent to withdraw, the midpoint of the period of enrollment for which Title IV assistance was disbursed (unless the institution can document a later date). If the school determines the student did not begin the withdrawal process or notify the school of the intent to withdraw due to illness, accident, grievous personal loss, or other such circumstances beyond the student’s control, then the school may determine the appropriate withdrawal date. Percentage of the payment period or period of enrollment completed The percentage of the period of enrollment for which assistance was awarded that was completed is determined by dividing the total number of calendar days comprising the period of enrollment for which assistance is awarded into the number of calendar days completed in that period as of the day the student withdrew. Calculation of Title IV assistance earned To calculate the amount of Title IV assistance earned by a student, the school must first determine the percentage of Title IV assistance the student earned. Up through the 60% point of time, the percentage of assistance earned is equal to the percentage of the period of enrollment for which it was awarded that was completed as of the day the student withdrew. If the student withdrawal occurs after the 60% point, then the percent is 100%. Calculation of Title IV assistance not earned The amount of the Title IV grant and loan assistance not earned by the student is calculated by determining the complement of the percentage of assistance the student earned and applying it to the total amount of grant and loan assistance that was disbursed (or that could have been disbursed) to the student, or on the student’s behalf, for the period of enrollment as of the day the student withdrew. Difference between amounts earned and amounts received The school will follow the regulations for late disbursement if the student received less grant or loan assistance than the amount earned. If the student has received more grant or loan assistance than the amount earned, then the unearned funds shall be returned by the school, the student, or both. Responsibility of the school The school shall return the lesser of the unearned amount of Title IV assistance or an amount equal to the total institutional charges the student incurs for the period of enrollment of which the assistance was awarded, multiplied by the unearned percentage of awarded Title IV grant and loan assistance. Responsibility of the student Students shall return unearned Title IV assistance minus the amount the school returns. Order of return of Title IV funds Excess funds returned by the school or student are credited to outstanding Title IV loan balances for the student or made on the student’s behalf for which a return of funds is required. Excess funds must be credited to outstanding balances in the following order: 1. Unsubsidized Stafford loans 2. Subsidized Stafford loans
RkJQdWJsaXNoZXIy MTM4ODY=