CATA ING REV 8/08 [LARGO] - Instituto de Banca y Comercio

Consecuences of a default with these obligations - If a student that receive financial aid not complywith some of its obligations established by regulation, the Office of Postsecondary Education of thePuerto Rico Higher Education Council will be able to suspend its participation in the programs andrequires the return of the pertinent funds.STUDENT'S RIGHTSThe student enrolled in the institution has the right to know the Satisfactory Academic Progress Policy and itsimplications on the financial aid he/she receives. The student can also examine documents related toaccreditation, permits, licenses and operational authorizations. These are available upon request at theDirector Offices.Asthma Inhaler Medication PolicyInstituto de Banca y Comercio policy allows for students to carry and self-administer short acting rescuemedication in the case of an acute asthma attack. This is applicable during class times inside thee facility,during an activity sponsored by the Institution, during any time but under the supervison of the schoolstaff member.Institutional Uses of the Social Security NumberSocial Security numbers are confidential and protected by state and federal law, including the FamilyEducational Rights and Privacy Act (26 USC §1232g), the Privacy Act of 1974 (5 USC §552a). TheSocial Security number will be collected by IBC only when required by law. Except when required bylaw, individuals will not be asked to provide their social security number, verbally or in writing, at anypoint of service, nor will they be denied access to those services should they refuse to provide a socialsecurity number. However, individuals may volunteer their social security number if they wish as analternate means of locating a record. The social security number will not be disclosed to individuals oragencies outside IBC except as allowed or required by state or federal law, rules or regulations, or withpermission from the individual.The Social Security number will be requested from all students, in order to comply with the requirementof the Internal Revenue Service to supply them with the name, address, and social security number ofevery tuition-paying student. (The IRS relies on these lists to certify education related tax credits.) Inaddition, IBC is required to have a valid social security number before an individual can be entered intoany business system involving financial transactions. Thus, without a social security number, IBC cannot- 40 -