New Professions Technical Institute has established a fair and equitable, clearly defined, and uniformly administered cancellation and refund policy for cancellations, withdrawals, and refunds. This process is licensed by the State of Florida which mandates a cancellation and refund policy. This policy ensures that we demonstrate compliance with that policy as well as with any unique requirements of the Accrediting Council for Continuing Education and Training (ACCET) our accrediting agency. As such, we compare the state’s policy with ACCET’s in each instance of cancellation or withdrawal and follow the policy that is more lenient towards the student.
For Students Enrolled in a Program
Should a student be terminated or cancelled for any reason, all refunds will be made according to the following refund procedure:
The refund due will be calculated using the last date of attendance (LDA), and it be paid within thirty (30) days from the documented date of determination (DOD). The amount owed equals the daily charge for the period of enrollment (total institutional charge, minus non- refundable fees, divided by the number of days in the period of enrollment), multiplied by the number of days calendar to attend in the period of enrollment, prior to withdrawal.
A student may withdraw from the Institute at any time and for any reason. In this regard, a student shall be deemed to have withdrawn from a program of instruction if any of the following occurs:
For an enrolled student, the refund due will be calculated using the last date of attendance (LDA) and be paid within thirty (30) calendar days from the documented date of determination (DOD). The amount owed equals the daily charge for the period of enrollment (total institutional charge, minus non- refundable fees, divided by the number of days in the period of enrollment), multiplied by the number of days calendar to attend in the period of enrollment, prior to withdrawal.
For any armed forces members called to active duty during their program of study, New Professions Technical Institute will provide the student a pro rata refund through the last day of attendance of the last course completed, less the One Time Non-Refundable Registration fee of
$150.00 (see OTHER FEES).
If any portion of the tuition was paid from the proceeds of a loan or third party, the refund shall be sent to the lender, third party or, if appropriate, to the state or federal agency that guaranteed or reinsured the loan. Any amount of the refund in excess of the unpaid balance of the loan shall be first used to repay any student financial aid programs from which the student received benefits, in proportion to the amount of the benefits received, and any remaining amount shall be paid to the student.
For an enrolled student, all refunds due will be calculated using the last date of attendance (LDA) and be paid within thirty (30) calendar days from the documented date of determination (DOD). The amount owed equals the daily charge for the period of enrollment (total institutional charge, minus non-refundable fees, divided by the number of days in the period of enrollment), multiplied by the number of days scheduled to attend in the period of enrollment, prior to withdrawal.
Effective 10/07/00, all financial aid (Title IV) recipients who withdraw and have completed 60% or less of the period of enrollment for which they have been charged, are subject to the new federal refund regulations per 34CFR 667, 682, 685, published November 1, 1999.
Federal regulations state that the amount of a Title IV refund is based on the percentage of Title IV funds earned by the student at the time of withdrawal. In order to determine whether Title IV funds must be returned, the school must calculate the following:
a. Unsubsidized Direct Loan Program
b. Subsidized Direct Loan Program
c. Direct PLUS program
If excess funds remain after repaying all outstanding loan amounts, the remaining excess shall be credited in the following order:
d. Federal Pell Grant Program
e. Other assistance awarded under this title for which return of funds is required
This calculation may result in the student owing the school money based on the refund policy listed above.
If a student terminates the training after completing over 60% of the total number of hours of instruction for the period of enrollment, the student will be responsible for the full contract price of their enrollment. If a student obtains a loan to pay for their educational program, the student will have the responsibility to repay the full amount of the loan plus interest and any applicable fees, less the amount of any refund as related to the loan. If the student has received federal student financial aid funds, the student is entitled to a refund of the money’s not paid from federal student financial aid program funds.
For enrolled students, all refunds due will be calculated through the last day of attendance (LDA) and be paid within thirty (30) days from the documented date of determination date. The documented date of determination is written or verbal notice from the student and or by applying the Institution’s satisfactory academic progress policy and or attendance policy. If any refund, the student will receive a Notice of Refund stating the amount of the refund and to whom refund was made.
A student may be granted a Leave of Absence (LOA). If the student fails to return to the institution on the date scheduled, refunds must be made within forty five (45) calendar days from the last day of the scheduled LOA and calculated from the last actual day of attendance. For students receiving financial assistance from loans, any refundable charges will be made first to the Federal Direct Loan Programs, any additional refunds will next be made to the Federal Pell Grant Program, then to the Federal SEOG Program, then to other Title IV programs. Any additional refund due will be made to the student/sponsor and then to the New Professions Technical Institute.
Once purchased and used, supplies and books (E-Books) become the property of the student and these items are considered as "NON- REFUNDABLE". The refund policy applies to tuition which includes the full cost of all equipment, books (E-Books) and supplies received and used, without regard to the date of withdrawal and these are considered as "NON-REFUNDABLE".