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Merrell University

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For students not using any Title IV program, or not a first-time student at the school, or beyond<br />

the 50% point in time of the enrollment period, the following schedule of tuition adjustment is<br />

authorized.<br />

Percentage time to total time of course Tuition owed to <strong>University</strong><br />

00.01% to 04.99% 20%<br />

05.00% to 09.00% 30%<br />

10.00% to 14.99% 40%<br />

15.00% to 24.99% 45%<br />

25.00% to 49.99% 70%<br />

50.00% and over 100%<br />

Enrollment time is defined as the time elapsed between the actual starting date and the date of<br />

the student’s last day of physical attendance in the <strong>University</strong>. Any monies due the student will<br />

be refunded within 30 days from formal termination by the <strong>University</strong>, which will occur no more<br />

than 30 days from the last day of physical attendance or in the case of leave of absence, the<br />

documented date of return. A termination fee of $150.00 will be assessed.<br />

Allocation of refunds:<br />

1. To eliminate outstanding balances of Federal Stafford Loans;<br />

2. To eliminate any outstanding balances of Federal Plus Loans;<br />

3. To eliminate any amount of Federal Pell Grants awarded to the student for the<br />

period of enrollment for which he/she was charged; and<br />

4. To repay required refunds of other Federal, State private or institutional student financial<br />

assistance received by the student.<br />

If a course is canceled subsequent to a student’s enrollment, the school will at its option provide<br />

a refund of all monies paid or provide completion of the course. If the school is permanently<br />

closed after the student’s enrollment, the student will be entitled to a pro-rata refund. In the case<br />

of disabling illness, disabling accident, or death, the school will make a settlement, which is<br />

reasonable and fair to both.<br />

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