Modern Technology School

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<strong>Withdrawal Procedure</strong><br />
Policies<br />
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<span class="Apple-style-span" style="font-weight: bold">WITHDRAWING AFTER THE FIRST FIVE DAYS FOLLOWING THE FIRST CLASS</span>
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1. You have the right to withdraw from the Course at any time.
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2. If you withdraw from your course after midnight of the fifth scheduled class session, the School will calculate the amount you owe for the time you attended according to the following formula: The amount you owe shall be determined on a pro rata basis depending on how many clock or credit hours remain at the time you withdrew from the course. After we compute the amount you owe for the time you attended, we will also keep your registration fee (not to exceed $75.00) and the cost of any equipment or supplies that you received which you do not return in unused condition within 30 days of your withdrawal, as well as any fees. For a list of these costs, see the list on the front of the Enrollment Agreement and any attachments. 
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IF THE AMOUNT THAT YOU HAVE PAID IS MORE THAN THE AMOUNT THAT YOU OWE FOR THE TIME YOU ATTENDED, THEN A REFUND WILL BE MADE WITHIN 30 DAYS. IF THE AMOUNT THAT YOU OWE IS MORE THAN THE AMOUNT THAT YOU HAVE ALREADY PAID, THEN YOU WILL HAVE TO MAKE ARRANGEMENTS TO PAY IT.
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<strong>Here is how we figure the amount you owe</strong>:
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I. Amount of Total Tuition
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II. Less $75.00 registration fee
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III. Remaining tuition/total number of hours in the program = hourly charge for the program.
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IV. Total hours attended X hourly charge for program = amount student owes.
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V. Amount paid by student, less the amount owed by student = initial refund
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VI. Initial refund, adjusted for equipment or supplies, if applicable.
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<strong>HERE'S AN EXAMPLE OF A WITHDRAWAL CALCULATION</strong>:
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Assume that a student enrolled in and paid for an 800 clock hour program that costs $4,325 [$4,000 for tuition, $75 registration and $250 for textbooks]. If the student withdraws after completing 600 clock hours and received all textbooks, the calculation is:
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I. Total Tuition: $4,075 (tuition plus registration fee)
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II. Less $75.00 registration fee = $4,000.
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III. $4,000/800 clock hours = $5.00 hourly charge
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IV. 600 X $5.00 = $3,000 (amount owed by student)
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V. $4,000 - $3,000 = $1,000 (Initial Refund Due)
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VI. Initial refund, adjusted for equipment or supplies, if applicable.
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For the purpose of determining the amount you owe for the time you attended, you shall be deemed to have withdrawn from the course when any of the following occurs:
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a. You notify the school of your withdrawal or the actual date of withdrawal.
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b. The school terminates your enrollment.
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c. You fail to attend classes for 3 consecutive weeks. In this case, the date of withdrawal shall be deemed to be the last date of recorded attendance.
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d. If any portion of your tuition was paid from the proceeds of a loan, then the refund will be sent to the lender or to the agency that guaranteed the loan, if any. Any remaining amount of refund will first be used to repay any student financial aid programs from which you received benefits, in proportion to the amount of the benefits received. Any remaining amount will be paid to the Student. 
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