NEW YORK CATALOG 2012-2013 - Empire Beauty School

38PoliciesIf the school is not required to return all of the excess funds, you must return the remaining amount. Any loan funds that you mustreturn, you (or your parent for a PLUS Loan) repay in accordance with the terms of the promissory note. That is, you make scheduledpayments to the holder of the loan over a period of time.Any amount of unearned grant funds that you must return is called an overpayment. The amount of a grant overpayment that you mustrepay is half of the unearned amount. You must make arrangements with your school or the Department of Education to return theunearned grant funds.The requirement for Title IV program funds when you withdraw are separate from any refund policy that your school may have.Therefore, you may still owe funds to the school to cover unpaid institutional charges. Empire Education Group may also charge youfor any Title IV program funds that the school was required to return. Empire Education Group’s refund policy is also printed on yourenrollment agreement. Also printed in this catalog are the requirements and procedures for officially withdrawing from school.If you have any questions about your Title IV program funds, you can call the Federal Student Aid Information Center at 1-800-4-FEDAID.The center accepts calls from 8 a.m. to midnight (EST), seven days a week. TTY users may call 1-800-730-8913. Information is alsoavailable on the U.S. Department of Education’s “Financial Aid for Student’s Home Page” at www.studentaid.ed.govHairdressing and Cosmetology Program – Full Time/ 35 hours per week (2 terms- 15 Weeks Each)First TermIf termination occursPrior to or during the first weekDuring the second weekDuring the third weekDuring the fourth weekDuring the fifth weekSchool May Keep0%20%35%50%70%Subsequent TermsIf termination occursDuring the first weekDuring the second weekDuring the third weekDuring the fourth weekAfter the fourth weekSchool May Keep20%35%50%70%100%After the fifth week100%Hairdressing and Cosmetology Program – Part Time /16 hours per week (6 Quarters-11,11,11,10,10,10 Weeks Each)First quarterSubsequent QuartersIf termination occursPrior to or during the first weekDuring the second weekDuring the third weekDuring the fourth weekAfter the fourth weekSchool May Keep0%25%50%75%100%If termination occursDuring the first weekDuring the second weekDuring the third weekAfter the third weekSchool May Keep25%50%75%100%All Make-Up ProgramsFirst and Only QuarterIf termination occursSchool May Keep0 – 15 percent of the program16 – 30 percent of the program31 – 45 percent of the program46 – 60 percent of the programMore than 60 percent of the program0%25%50%75%100%