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eligible for any financial aid. If the trial date expires and the new student does not cancel his/her enrollment, the student will be considered a regular student on the 36th day and may continue his/her contracted program. Once considered a regular student, the student is responsible for all program charges commencing the first day of the contracted date and, if otherwise eligible, will become eligible for financial aid. The student has the right to opt -out of the trial period. If the student chooses to opt -out of the trial period, the student will immediately become a regular student and, if otherwise eligible, will be eligible for financial aid. The student will be responsible for all charges beginning the first day of the scheduled class unless the student cancels within the seven-day cancellation period. Charges will commence from the first day of the contracted date. RETURN OF TITLE IV POLICY Return of Title IV Policy applies to financial aid recipients who officially or unofficially withdraw before completing their program. Official Withdrawal Process: An official withdrawal process is initiated when a student in writing or verbally contacts the Registrar's office and provides notification of their intent to cease their enrollment at InterCoast Colleges. Unofficial Withdrawal Process: An unofficial withdrawal process is initiated when a student does not provide notification of their intent to cease enrollment, and one of the actions occurs. 1) Non-attendance for 14 consecutive days is reported 2) the student fails to return from an approved leave of absence 3) the student is dismissed due to conduct or failing SAP requirements. Withdrawal Date and Date of Determination: InterCoast is an attendance -taking institution. A student's withdrawal date is always the last date of academic attendance as determined by the school's attendance records. The date of determination is the date when the withdrawal process was initiated, as noted above. R2T4: When a student officially or unofficially withdraws before the end of a payment period, InterCoast Colleges complies with federal regulations (34 CFR 668.22) and completes a Return to Title IV funds (R2T4) calculation. The R2T4 is calculated utilizing the payment period of the student's last day of attendance with a full academic year of the program. When a student withdraws from a prorated academic year or within the portion of the program that is not a full academic year, the R2T4 is calculated using the period of enrollment of the prorated academic year. A student's withdrawal date is used to determine the percentage of the payment period completed and, therefore, the percentage amount of financial aid a student has earned. The date of determination is used to determine the time frame for the return of Title IV funds (if applicable) and the notification and disbursement of Post -Withdrawal funds (if applicable). Percentage of earned Title IV funds that were disbursed and could have been disbursed: The R2T4 is calculated within 30 calendar days of the date of determination. In determining the percentage of the payment period completed fora withdrawn student, the school includes in the denominator (the total number of calendar days in the payment period) all days within the period that the student was scheduled to complete (including those completed by the student) before ceasing attendance, excluding days in which the student was on an approved leave of absence and excluding any scheduled breaks of at least five consecutive days when the student was not scheduled to attend a module or other course offered during the payment period. Days Attended/Scheduled up to the withdrawal date _ Days in Payment Period = Percentage Completed If the percentage totals 60% or less of the payment period, the percentage earned is equal to the percentage of the payment period completed, and the institution will refund (if applicable) the unearned portion received to the appropriate aid program. If the percentage exceeds 60% of the payment period, the percentage of aid earned is 100%, 171 Page InterCoast Colleges school catalog