cata espa revision 06252010 [todo] - Instituto de Banca y Comercio

5. If the student has processed a grant, the amount of grants assigned will appear in his/herenrollment sheet. Otherwise, s/he must visit the Financial Aid Office to inquire about the eligibleamount according to the number of enrolled credits.6. For associate degree students, the invoicing process will be repeated for each of the terms inwhich the student remains active. For continuation students, the enrollment process for the nextterm will take place during the last two weeks of the current term.7. Students who fail any course(s) will be referred by the Registrar to an Academic Counselor toreceive orientation about the grade average they must obtain and ensure a satisfactory academicprogress.8. Associate Degrees – Students who enroll in a program of less than 12 credits will be consideredas ¾ time students (11 to 9 credits) or part-time students (8 to 6 credits) for the purposes of theassignment calculation of the Pell Grant and other financial aid.9. Enrollments of 3 credits or less during a specific term will not be approved, with the exception ofstudents who are candidates for graduation.Cancellation policy before the start of schoolENROLLMENT CANCELLATION POLICYStudents who cancel their enrollment have the right to request a refund of any amount paid, excluding thefee for seat reservation.Cancellation policy after the close of the enrollment period (second week of school)A student’s enrollment may be cancelled under the following circumstances:1. If the student attends class at least one time and then cancels before the sixth day, s/he will havethe right to a 100% refund of the tuition cost, excluding the fee for seat reservation.2. The Registrar’s Office will initiate the total cancellation of the enrollment of students who werereported as “no-show” (no attendance to any of their classes) by professors during the lateenrollment period.3. The Registrar’s Office will initiate the partial cancellation of enrollment and the CollectionsOffice will proceed to make the respective adjustment to the total cost of the enrollment tuitionof students who did not attend a particular class or classes in which they were enrolled. Grantpayments will be adjusted according to the final, resulting academic load.REFUND POLICYInstituto de Banca y Comercio manages a refund policy in accordance with the dispositions of the refundpolicy and the regulations of the Federal Department of Education. The Refund Policy regulates the wayin which total tuition costs will be adjusted in the student’s enrollment agreement (Contract), if thestudent decides to withdraw. The policy establishes that when a student participates in Title IV funds andwithdraws from an institution during the payment period during which s/he attended, the institution mustdetermine the amount of Title IV funds the student has earned up to the date s/he withdrew from theprogram. If the amount of Title IV earned is less than the disbursed amount, the difference between eachamount will be reimbursed to the Federal Department of Education. The Financial Aid Office willdetermine the corresponding amount of grant or the necessary adjustment. Title IV funds included in thecalculation are: Direct Loan (subsidized and non-subsidized), Pell Grant, SEOG and State EducationGrant.- 44 -