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MODERN TECHNOLOGY
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Last modified
7/21/2022 9:57:45 AM
Creation date
3/9/2021 10:52:42 AM
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Contracts
Company Name
MODERN TECHNOLOGY
Contract #
A-2020-194-06
Agency
Community Development
Council Approval Date
10/6/2020
Expiration Date
6/30/2023
Insurance Exp Date
7/1/2023
Destruction Year
2028
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REFUND POLICY continued... <br />CALIFORNIA PRO-RATA REFUND POLICY <br />If the amount that you have paid is more than the amount that you owe, for the time you attended, <br />then a refund will be made within thirty (30) days of the drop date/ date of determination. <br />If the amount that you owe is more than the amount that you have already paid, then you will have to <br />make arrangements to pay it. <br />Refunds are calculated from the last date of attendance. <br />FIGURING THE AMOUNT OWED: <br />1. Amount paid for instruction <br />2. Minus the $75.00 registration fee <br />3. =Tuition charges X Hours not attended but paid for = Initial refund <br />Total hours paid for <br />4. Initial refund, adjusted for equipment or supplies if applicable. <br />EXAMPLE OF A WITHDRAWAL CALCULATION: <br />Assume that a student enrolled in and paid for an 800-clock hour program that costs $4,325 ($4,000 <br />for tuition, $75 registration and $250 for textbooks). If the student withdraws after completing 600 clock <br />hours and received all textbooks, the calculation is: <br />1. Amount Paid for Instruction ($4,000 plus $75 registration) _ $4,075 <br />2. Less $75.00 Registration Fee <75> <br />3. _ $4,000 X 200 clock hours paid for but not received = $1,000 Initial Refund <br />800 clock hours for which student has paid <br />4. Initial Refund, adjusted for equipment or supplies, if applicable. <br />For the purpose of determining the amount you owe for the time you attended, you shall be deemed <br />to have withdrawn from the course when any of the following occurs: <br />1. You notify the school of your withdrawal or the actual date of withdrawal. <br />2. The school terminates your enrollment. <br />3. You fail to attend classes for 3 consecutive weeks, in this case, the date of withdrawal shall be <br />deemed to be the last date of recorded attendance. <br />If any portion of your tuition was paid from the proceeds of a loan, then the refund will be sent to the <br />lender or to the agency that guaranteed the loan, if any. Any remaining amount of refund will first be <br />used to repay student financial aid programs from which you received benefits, in proportion to the <br />amount of the benefits received. Any remaining amount will be paid to the student. The institution shall <br />also provide a pro rata refund of nonfederal student financial aid program moneys paid for institutional <br />charges to students who have completed 60 percent or less of the period of attendance <br />-Published .January1,2020/ Effective through: December 31, 2020 All Rights Reserved© Visit [is, lit WW7.111tschooLcdn <br />
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