REFUND POLICY

The Colleges refund policy will be in acordance with State, Federal, and any applicable Accreditation Guidelines. Students who officially withdraw from the college or drop classes no later than the refund period may be entitled to a refund of tuition/fees from Careers Unlimited/UCDH.

The Colleges refund policy will be in accordance with State, Federal, and any applicable Accreditation Guidelines.

Students who officially withdraw from the college or drop classes no later than the refund period may be entitled to a refund of tuition/fees from Careers Unlimited/ UCDH. 

 Students who withdraw within the first academic year (Term 1 and Term 2):

When a student has been enrolled for 60% or less of the term, the amount due to the school will be prorated by calendar days and rounded up to the nearest 10%.  That portion of the tuition and fees will be due as well as a one-time administrative fee of $75.00.  When a student has been enrolled more than 60% of the term, the entire contract price of the term may be retained.  Students who withdraw within subsequent academic years (terms 3, 4 and 5) will follow the refund schedule below:

% Term                                                                                                    % Refunded

First Week                                                                                              90%

First 25%                                                                                                 55%

25.1% - 50%                                                                                             30%

50.1% or more                                                                                         0%

 If a refund is requested, and a student has received assistance (financial assistance, personal or credit based loans, scholarships, or other monies) of any kind a portion of the refund may have to be returned to the Financial Services office at Careers Unlimited if requested.  Students are responsible for checking with the Financial Services office for information pertaining to this policy and to determine how the refund will be applied.  

A full refund will be granted for classes canceled due to insufficient enrollment or closed due to student enrollment limits.

Any student who withdraws from the college completely and who has received any type of financial assistance, personal or credit based loans, scholarships, or other monies for that semester may be required to repay a significant portion of the monies relating to financial assistance that was awarded/granted based on school attendance at Careers Unlimited and tuition obligations for attending the dental hygiene program at Careers Unlimited.   

 Other information, or for a more detailed explanation of the policies (including calculated refunds) regarding payments, refunds, or refund time schedules can be obtained from the Financial Services office at Careers Unlimited.

 Cash Payments

Any/all cash payments made by students while on campus to any college representative should be accompanied by a receipt. It is the student’s responsibility to request/obtain a receipt for any/all tuition payments, or any other associated college payments for which the student wishes to have a record of the financial transaction.

 Return of Title IV Funds Policy

All Title IV Federal Funds are considered “earned” as a student progresses in a term.  “Unearned” Title IV Federal Funds occur when the school has an allotment of Title IV aid for a term, and the student officially drops, withdraws, or ceases attendance without notifying the school.

On these rare occasions, the amount of unearned Title IV aid must be figured. This is determined by multiplying the percentage of term not attended (based on calendar days including weekends and holidays, excluding breaks of longer than 5 days) by the Title IV aid received. All types of aid, including loans, are used in this calculation. If a student attended more than 60% of the term, no return of funds will be required.

 Federal regulations assume Federal Financial Aid awards are earned directly in proportion to the number of scheduled days of the term attended until the withdrawal date.

As an example, a student who withdraws (completing only 30 percent of the term), will have “earned” only (30) thirty percent of original aid disbursed. A student who completes more than (60) sixty percent of the term is considered to have “earned” one hundred percent of their aid eligibility and no funds must be returned.

 In order to determine the amount of earned and unearned federal aid for the term, a withdrawal date must be established.  The College is an attendance-taking institution, faculty members record student attendance for all courses. For students who officially withdraw (the student provides notification) or unofficially withdraw (the student ceases attendance without providing notification), the date of withdraw will be considered the student’s last date of recorded attendance for calculation purposes.

 After the amount of Title IV aid to be returned is calculated, a determination of how much must be returned by the institution and how much must be returned by the student will be determined. The College will return its portion of unearned Title IV funds as soon as possible, but no later than 30 days after it determines that the student withdrew (officially or unofficially).

 After the amount of Title IV aid to be returned is calculated, a determination of how much must be returned by the institution and how much must be returned by the student will be determined. Any funds returned by the institution are credited in the following order:

       ·          Unsubsidized Federal Stafford Loan

·          Subsidized Federal Stafford Loan

·          Federal PLUS Loan

·          Federal Pell Grant

·          Other Programs

·          Scholarship Program

 

If you did not receive all of the Title IV funds that you earned, you may be due a post-withdrawal disbursement. The conditions under which you would be owed a portion of your financial aid occurs when a student has earned, based on days attended, more aid than must be returned. Within 30 days of the withdrawal, the financial aid office will determine eligibility and notify you to see if you are interested in those funds, generally loans, which may have to be paid back at a later date.

 

If you receive excess loan funds that must be returned by you (or your parent for a PLUS Loan), this is done in accordance with the terms of your promissory note. If you receive unearned grants funds that must be returned, this is considered a grant overpayment. If you must repay any grant overpayment, the maximum amount is half of the grant assistance calculated to repay. The grant overpayment must be paid to the school or the Department of Education within 30 days or it will be reported to the Department of Education.

PLEASE NOTE:  The requirements for Title IV program funds when you withdraw are separate from any Institutional Refund Policy that the school has (see Institutional Refund Policy or check with your Financial Aid.