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10REFUNDPOLICYAFTERMATRICULATION-22PACode73.134Seepage17foranexampleofthiscalculationCancellationbythestudentortheschool1.Ifwithdrawalorterminationoccursinthefirst7calendardaysthestudentwillberefunded75ofthetuitionfortheterm.2.Ifwithdrawalorterminationoccursafterthefirst7calendardaysofthetermbutwithinthefirst25ofthetermthestudentwillberefunded55ofthetuition.3.Ifwithdrawalorterminationoccursaftercompleting25butlessthan50ofthetermthestudentwillberefunded30ofthetuition.4.Ifwithdrawalorterminationoccursaftercompleting50ofthetermthestudentisentitledtonorefund.ArbitrationoftheRefundPolicymayberequestedifthestudentorparentsbelievethatindividualcircumstanceswarrantexceptionfrompublishedpolicy.ThepersonresponsibleforhandlingtheappealisMr.JohnM.ReddyPresident.ContacttheMainSchoolat950FifthAvenueNewKensingtonPA15068.Incaseofprolongedillnessoraccidentdeathinthefamilyorothercircumstancesthatmakeitimpracticaltocompletetheprogramtheschoolwillmakeasettlementwhichisreasonableandfairtobothparties.Aschooltermisdefinedinthecatalogunderx1cSchoolTermChartonPage52.ReturnofFederalFundsPolicySeepage1617foranexampleofthiscalculationEffective10700TheFinancialAidOfficeisrequiredbyfederalstatutetorecalculatefederalfinancialaideligibilityforstudentswhowithdrawdropoutaredismissedortakealeaveofabsencepriortocompleting60ofapaymentperiodorterm.ThefederalTitleIVfinancialaidprogramsmustberecalculatedinthesesituations.Ifastudentleavestheinstitutionpriortocompleting60ofapaymentperiodortermthefinancialaidofficerecalculateseligibilityforTitleIVfunds.RecalculationisbasedonthepercentageofearnedaidusingthefollowingFederalReturnofTitleIVfundsformulaPercentageofpaymentperiodortermcompletedthenumberofdayscompleteduptothewithdrawaldatedividedbythetotaldaysinthepaymentperiodorterm.Anybreakoffivedaysormoreisnotcountedaspartofthedaysintheterm.ThispercentageisalsothepercentageofearnedTitleIVaid.FundsarereturnedtotheappropriatefederalprogrambasedonthepercentageofunearnedTitleIVaidusingthefollowingformulaAidtobereturned100oftheaidthatcouldbedisbursedminusthepercentageofearnedaidmultipliedbythetotalamountofaidthatcouldhavebeendisbursedduringthepaymentperiodorterm.IfastudentearnedlessTitleIVaidthanwasdisbursedtheinstitutionwouldberequiredtoreturnaportionoftheTitleIVfundsaswellasthestudentwouldberequiredtoreturnaportionoftheTitleIVfunds.KeepinmindthatwhenTitleIVfundsarereturnedthestudentborrowermayoweabalancetotheinstitution.Ifastudentearnedmoreaidthanwasdisbursedtohimhertheinstitutionwouldowethestudentapost-withdrawaldisbursementwhichmustbepaidwithin120daysofthestudentx19swithdrawal.RefundsareallocatedinthefollowingorderUnsubsidizedFederalStaffordLoansSubsidizedFederalStaffordLoansUnsubsidizedDirectStaffordLoansotherthanPLUSloansSubsidizedDirectStaffordLoansFederalPerkinsLoansFederalParentPLUSLoansDirectPLUSLoansFederalPellGrantsforwhichaReturnoffundsisrequiredFederalSupplementalOpportunityGrantsforwhichaReturnoffundsisrequiredOtherassistanceunderthisTitleforwhichaReturnofFundsisrequirede.g.LEAP.1.DaysattendeddividedbyDaysinPayPeriodofTitleIVFundsRetained2.TitleIVFundsReceivedScheduledtoReceivelessTitleIVFundsRetainedTitleIVFundsReturnedtoFundingSources.TheamountoftuitionandotherinstitutionalchargesincurredbystudentswhodonotfinishatermisdeterminedbytheRefundPolicyafterMatriculationasexplainedonPage56ofthecurrentschoolcatalog.FundsarereturnedtothefollowingTitleIVsourcesinorderofpriority1.UnsubsidizedFFELloans4.FederalDirect-Sub7.FederalSEOG2.SubsidizedFFELloans5.FederalPLUSloans8.OtherTitleIVassistanceforwhicha3.FederalDirectloans-Unsub6.FederalPellGrantsreturnoffundsisrequired.PROFESSIONALJUDGMENTPOLICYCAREERTRAININGACADEMYappliespoliciesandproceduresconsistently.Studentswhofeeltheyhavemitigatingcircumstancesareaffordedtheopportunitytoapplyforprofessionaljudgmentconsideration.AnystudentwishingtobeconsideredforprofessionaljudgmentshouldsubmitarequestinwritingtotheFinancialAidOfficer.Therequestshouldbeaccompaniedbyasmuchsupportingdocumentationaspossible.Themanagerwillassesstherequestandifneededwillrequestadditionaldocumentation.AfterathoroughreviewoftheinformationtheFinancialAidOfficerwillrenderadecision.StudentswishingtoappealtheFinancialAidOfficerx19sdecisionshoulddosoinwritingtothePresident.Shouldstudentswishtoappealthatdecisiontheyshouldfollowtheproblem-solvingprocessoutlinedintheschoolcatalog.WhileProfessionalJudgmentrequestscanbemadeforanypolicythemostcommononesoccurintheareaofFinancialAid.Listedbelowarethemostcommonrequestsmadetothatareaandsomegeneralguidelinesapplicabletothoserequests.DependencyOverrideRequestsTheserequestsoccurwhenastudentisconsidereddependentaccordingtoFederalGuidelinesandthestudentsbelievethatmitigatingcircumstancesshouldallowthemtobetreatedasindependentstudents.TheFederalGovernmentdevelopstheguidelinesbywhichdependencyisestablishedandalthoughtheschoolhastheabilityinlimitedcircumstancestomakeadjustmentswesodoveryrarely.Thepresumptionisalwaysthatthedependentstudentistrulydependentonhisherparentsinaccordancewiththeneedanalysismethodologyprescribedbyfederallaw.Thisistrueregardlessofthephysicallivingarrangementsgeographicdistanceorissueoftaxreturndependents.