GSEP Academic Catalog 2006-2007 Full Download - Graduate ...

Financial Information 33
Federal Student Loans
If a student plans to borrow a federal student loan, a Master Promissory
Note (loan application) and loan entrance counseling must be completed
before the registration date. A pending application is inadequate grounds for
deferring tuition payment. Since loan applications require several weeks for
processing, application should be made well in advance. The student, not the
Financial Aid Office, is responsible for making these arrangements. Students
who are permitted to defer payment due to a pending loan will be assessed any
applicable finance charges.
Regardless of financial aid status, the student is ultimately responsible
for payment of all charges incurred. Accordingly, the student should make
arrangements each term that assure payment of all charges.
Refund Policies
University operating expenses and student charges are planned on an annual
basis. The refund schedule has been established in recognition of both the
University’s advance commitment to operating expenses and a spirit of fairness
for students who find it necessary to discontinue use of University services.
The policies for dismissal and suspension are the same as those for voluntary
withdrawal. Consideration for a refund of tuition requires written notice from
the student to the Registrar’s Office in Malibu of the student’s intention to drop
a course or withdraw from the University. The date this notice is received by
the Registrar’s Office is the effective date for determining the refund amount
according to the schedule below. Students may drop classes without tuition
penalty during the add/drop period only; however, once students have
registered for a term, if all classes are dropped, a charge of $150 is assessed.
Students withdrawing from courses after the add/drop period are subject to the
partial refund policies listed below.
Through the add/drop period . . . . . . . . . . . . . . . . . . . . . . . 100% less $150 withdrawal fee
Through the second week* of the term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75%
During the third week* of the term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50%
Through the fourth week* of the term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25%
After the fourth week* of the term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0%
*A week is five working days within a term calendar.
This refund schedule will be applied to the maximum number of units in
which a student was enrolled if the student withdraws or is dismissed at any
time during the term. Tuition for classes not meeting on a regular term schedule
will be refunded in the same proportion as the above class time is to the total
class time for a regular term.
Refunds
Credit balances resulting from financial aid will be processed automatically
and checks will be mailed to the student’s permanent address. It is the student’s
responsibility to ensure that a current address is on file with the GSEP Student
Accounts Office. Any other credit balances may be refunded after the student