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Cancellation and Refund Policy Cancellation and Refund Policy

Cancellation and Refund Policy - PowerPoint Presentation

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Cancellation and Refund Policy - PPT Presentation

ACCET Document 31ESL Equitable clearly defined and consistently administered Cancellations any situation in which a student never attends class Withdrawal any situation in which a student attends at least one class but not the entirety of the enrollment ID: 384321

fees refund tuition weeks refund fees weeks tuition session policy refundable housing cost initial term prorata date student due

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Slide1

Cancellation and Refund Policy

ACCET Document 31.ESLEquitable, clearly defined, and consistently administeredCancellations = any situation in which a student never attends classWithdrawal = any situation in which a student attends at least one class, but not the entirety of the enrollmentSlide2

Cancellation and Refund Policy

State policy vs. ACCET policyDocumented comparison, with the one most beneficial to the student processedFull policy provided to studentsPolicy provided:At application/enrollment

Student must verify that he/she understands the policy

Refund calculations:

For all withdrawalsSlide3

Fees Kept for Cancellation

Prior to Arrival / No Show / VISA DENIALNon-refundable Fees

+ Application/Registration Fee

+ Courier Fees

+ Travel Cancellation Insurance

+ …………………………

-----------------------------------------------------

$500 Maximum Fees allowed  “Reasonable costs incurred”+ actual housing cost incurred

$

500

+ housing cost

max

For program cancellations, no fees may be kept by the institutionSlide4

Fees kept for cancellation

ENTER U.S. ON I-20 > TRANSFER Without Attending1-11 weeks Program-----------------------------------------------------

4

wks

Tuition

12+ weeks

Program

-----------------------------------------------------6 wks Tuition

$

500 fees

+ housing cost

+ tuition

maxSlide5

Fees Kept by institution

Disclosure of non-refundable feesNon-Refundable Fees must be identified

as such by the institution and clearly noted in the Enrollment Agreement

.

+

housing cost

+ tuition

agreement

max

$

500 feesSlide6

Fees Kept by institution

Disclosure of other feesAll other fees must also be disclosed in the Enrollment Agreement

agreement

Books, supplies and other materials fees may be non-refundable only if they are provided to the student Slide7

WithDrawals – Initial Term/Session

Initial term/session of four weeks or lessAll tuition fees kept by institutionInitial term/session of more than four weeksWithdrawal during the first four weeks = first four weeks of tuition kept by institution

+

housing cost

+ non-refundable

fees

4 weeks’ tuition

Initial 12-week session

4 weeks

Refund calculated, refund for 8 weeks dueSlide8

WithDrawals

– Initial Term/Session

Initial term/session of more than four weeks

Withdrawal after the first four weeks =

prorata refund through 50% attendance of the term/session

+

housing cost

+ non-refundable

fees

prorata tuition

Initial 12-week session

4 weeks

6 weeks

2 weeks

Refund calculated, refund due

Refund calculatedSlide9

WithDrawals

– Subsequent Terms/Sessions

Prorata

tuition refund through 50% attendance of the term/session

+

housing cost

+ non-refundable

fees

prorata tuition

Subsequent 12-week session

6

weeks

6 weeks

Refund calculated, refund due

Refund calculatedSlide10

Important Dates for refunds

Last Date of AttendanceUsed to determine refund eligibilityUsed to determine refund amountDate of DeterminationUsed to determine refund due dateSlide11

Important dates for refunds

Start Date: Sept 7, 2015

Scheduled End Date: Nov 13, 2015

Last Date of Attendance: Sept 11, 2015

Emailed school on Sept 20, 2015 to tell them he went home

5/12

tuition costs

10 weeks total

Attended one week of initial 10 weeks

4 weeks of tuition kept

Tuition Refund = (10-4) = 6 weeks, due 45 days from Sept 20Slide12

Prorata refunds

Must be 100% prorata based on last date of attendance

Enrolls for 12 weeks

Transfers at 5 weeks

Kept by School

+

housing cost

+ non-refundable

fees

5/12

tuition costsSlide13

Discounts

If student has fulfilled terms of discount, discount must be used in calculating refundE.g., discounts for students from Brazil in FebruaryIf student has not fulfilled terms of discount, non-discounted rate may be usedE.g., discount for enrolling for 24 weeksMust be disclosed to students in refund policySlide14

REFUND PAYMENT

direct Enrollments

$Slide15

REFUND PAYMENT

direct Enrollments

$

refundSlide16

REFUND PAYMENT

3rd party/agent Enrollments

$

$

$

commissionSlide17

REFUND PAYMENT

3rd party/agent Enrollments

$

$

commission

$

refund

refundSlide18

Sample Refund Policies

Does the policy have correct information?Is the policy complete?Is the policy easy for students to understand?What would you change?