NEW YORK CATALOG 2012-2013 - Empire Beauty School

37PoliciesRefund of title iv funds and refund policyrefund clauseIf a student cancels their enrollment within seven days after midnightof the day on which the enrollment agreement was signed, all moniescollected by the school shall be refunded. This cancellation will bedetermined by the postmark, written notification or day said informationis delivered or phoned to the school administrator or owner in person. Ifcancellation or termination of enrollment occurs after seven business days,but prior to or during the first week of instruction, the student is entitledto a refund of tuition, but will be charged the Registration Fee indicated onthe Enrollment Agreement.If a student withdraws or is discontinued after completion of the first weekof instruction they will be charged for the following:A. Applicants not accepted by the school shall be entitled to a refundof all monies paid.B. Thereafter, a student will be liable for1. the non-refundable registration fee, plus2. the cost of any textbooks or supplies accepted, plus3. tuition liability as of the student’s last date of physicalattendance.Tuition liability is divided by the number of quarters/terms in the program.Total Tuition liability is limited to the quarter/term during which thestudent withdrew or was terminated, and any previous quarters/termscompleted.The failure of a student to notify the director in writing of withdrawal maydelay refund of tuition due pursuant to section 5002 of the Education Law.Except that the hourly rate as per the student contract shall be substitutedfor such hours that have been made up beyond the stated program length.Enrollment time is defined as the time elapsed between the actual startingdate and the date of the student’s last day of physical attendance in theschool. Any monies due the applicant or student should be refundedwithin 30 days of formal cancellation by the student. Unofficial withdrawalsshall occur when the institution determines that the student has beenabsent 14 consecutive days from the last date of physical attendance. Anymonies due the student who unofficially withdrawals shall be made within30 days of determination by the institution that the student has unofficiallywithdrawn without notifying the institution.If a school permanently closed and no longer offered instruction aftera student enrolled, the student shall be entitled to a pro-rata refund oftuition.If a course is cancelled subsequent to a student’s enrollment, the schoolshall provide a full refund of all monies paid.Return of Title IV Funds and Refund PolicyThe law specifies how Empire Education Group must determine the amountof Title IV Program Funds that you can earn if you withdraw from school. TheTitle IV programs that are covered by this law are: Federal Pell Grants, StaffordLoans, Plus Loans and Federal Supplemental Educational Opportunity Grants(FSEOGs).When you withdraw during a payment period, if the amount of Title IVprogram funds that you have earned up to that point is received on yourbehalf less assistance than the amount that you earned, you may be ableto receive those additional funds. If you received more assistance than youearned, the school must return the excess funds.The amount of assistance that you have earned is determined on a proratabasis. For example, if you completed 30% of your payment period, youearned 30% of assistance that you were originally scheduled to receive. Onceyou have completed more than 60% of the payment period, you earn all theassistance that you were scheduled to receive.If you did not receive all the funds that you earned, you may be due a postwithdrawaldisbursement. If the post-withdrawal disbursement includesloan funds, you may choose to decline the loan funds so that you do notincur additional debt. Empire Education Group may automatically use all ora portion of your post-withdrawal disbursement (including loan funds, if youaccept them) for tuition and fees charges. It is in your best interest to allowthe school to keep the funds in order to reduce your debt to the school.Because of other eligibility requirements, there are some Title IV programfunds that you were scheduled to receive that you cannot earn once youwithdraw. For example, if you are a first-time, first-year undergraduatestudent and you have not completed the first 30 days of your program beforeyou withdraw, you may not earn any Direct Stafford Loan Funds that youwould have received had you remained enrolled past the 30th day.If you receive (or your school or parent receive on your behalf ) excess Title IVprogram funds that must be returned, your school must return the portion ofexcess equal to the lesser of1. Your institutional charges multiplied by the unearned percentage ofyour fund, or2. The entire amount of excess funds.The school must return this amount even if it didn’t keep this amount of yourTitle IV program funds.