STATUTORY REFUND POLICY FOR FEDERAL FINANCIAL AID RECIPIENTS
The Vocational Education & Extension Board receives Federal Title IV funds and in accordance with these funds has an established refund policy. If a Student completely withdraws (officially or unofficially) or is dismissed from the School and was a federal financial aid recipient, the Student is entitled to receive funding based on the percentage of the academic payment period that the Student completed.
If the Student completes more than 60% of the academic period based on 450 clock hours, the Student has earned 100% of the financial aid for that payment period.
If the Student completes 60% or less of the academic payment period of 450 hours, the percentage of the period completed is the percentage of aid earned and eligible to be received. Any aid that is unearned as a result of completely withdrawing from the School at the 60% or less point of the Academic period must be returned to the US Dept of Education within 45 days.
The policy applies to all Students receiving federal financial aid. Further information regarding the withdrawal and return of Title IV Funds can be obtained from the Financial Aid Officer.
Upon withdrawal from the Practical Nursing program, the School must calculate the amount of financial aid the Student did not earn and those funds must be returned to the government within 45 days.
The School will determine the amount of unearned financial aid to be refunded by multiplying the School costs by the percentage of unearned funds.
Examples of the calculations of the amount of Federal Financial Aid earned are available to the Student in the School’s financial aid office.
Student Tuition and Refund Policy
- A Student who cancels within 7 days of signing the enrollment agreement but before instruction begins receives allmonies returned with the exception of the non-refundable registration fee ($500.00) plus any medical charges and/or supplies received. A $35.00 fee will be added for any reissued check.
- Thereafter, a Student will be liable for
- the non-refundable registration fee plus
- the cost of any medical charges plus
- the cost of any supplies accepted plus
- tuition liability as of the Student’s last date of physical attendance. Tuition liability is divided by the number of terms in the program. Total tuition liability is limited to the term during which the Student withdrew or was terminated and any previous terms completed
If termination occurs, the school will keep
FIRST TERM
Prior to or during the first week 0%
During the second week 20%
During the third week 35%
During the fourth week 50%
During the fifth week 70%
After the fifth week 100%
SECOND TERM
During the first week 20%
During the second week 35%
During the third week 50%
During the fourth week 70%
After the fourth week 100%
- If a student fails to enter the subsequent trimester due to failing, the charges related to that subsequent trimester will be credited back to the student.
- If the Student withdraws or terminates from the program and fails to pay the earned tuition, the Student will not be eligible for re-enrollment in future Practical Nurse Programs offered by the School.
- The School will refer any uncollected tuition account to a Collection Agent and a collection fee of 33% will be added to the tuition balance.
- The Collection Agent may litigate the account and Court costs may be added to the unpaid balance.
- The nursing program is also approved by the New York State Education Department for the training of veterans.