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25 <br />cancellation of the student loan or loans. <br />To qualify for STRF reimbursement, the application must be received within four (4) years <br />from the date of the action or event that made the student eligible for recovery from STRF. <br />A student whose loan is revived by a loan holder or debt collector after a period of non - <br />collection may, at any time, file a written application for recovery from STRF for the debt <br />that would have otherwise been eligible for recovery. If it has been more than four (4) <br />years since the action or event that made the student eligible, the student must have filed <br />a written application for recovery within the original four (4) year period, unless the period <br />has been extended by another act of law. <br />However, no claim can be paid to any student without a social security number or a <br />taxpayer identification number. <br />Note: Authority cited: Sections 94803, 94877 and 94923, Education Code. <br />Reference: Section 94923, 94924 and 94925, Education Code. <br />Hypothetical Refund A student enrolls in the 720-hour Computer Information Technology Administrator (CITA) <br />Example for Non- program, and pays $6800.00 for tuition, $150.00 for registration, and $150.00 (fair market <br />Language Programs value) for equipment as specified in the enrollment agreement. The student decides to <br />withdraw after 250 clock hours of instruction has elapsed, without returning the <br />equipment he/she obtained. The pro rata refund to the student would be $4,589 and is <br />based on the calculations as described below. <br />Sample Refund <br />Calculation for Non - <br />Language Programs <br />Based on the preceding example, the refund calculation would be made in the following <br />way: <br />$6,950 <br />$6,800 tuition + $150 registration and processing <br />Less <br />- $10 <br />Registration fee (amount Learnet Academy may <br />retain) <br />Less <br />- $140 <br />Processing fee (amount Learnet Academy may retain): <br />waived for veterans and eligible persons, <br />Times <br />x 470 <br />Clock hours of instruction not attempted <br />Divided By <br />+ 720 <br />Hours of instruction for which student has paid <br />Equals <br />= $4,439 <br />Initial refund amount <br />Plus <br />+$150 <br />Documentedcost of returned equipment <br />Equals <br />= $4,589 1 <br />Actual refund amount <br />* If the student returns the equipment in good condition, the actual refund to the student <br />would be $4,589 ($4,439 + $150). For the purpose of determining the amount the student <br />owes for the time attended, he/she shall be deemed to have withdrawn from the course <br />when any of the following occurs: <br />1. He/she notifies Learnet Academy of withdrawal, or the actual date of withdrawal. <br />2. Learnet Academy terminates the student's Enrollment Agreement. <br />3. He/she fail to attend classes for a two -week period. In this case, the date of <br />withdrawal shall be deemed to be the last date of recorded attendance. <br />Last Revision Date on December 12, 2020 <br />