Applicants not accepted by the School shall be entitled to a refund of all monies paid minus the application fee (and fees prepaid for DMV and or Background check if applicable). Once a Student begins school and withdraws for any reason after (3) business days, the School’s refund of tuition calculation, less a $100 administrative fee and any fees paid for required items such as background check, motor vehicle record, etc.
Refunds, when due, are made within 30 days (1) of the last day of attendance if written notification has been provided to the institution by the student, or (2) from the date the institution terminates the student or determines withdrawal by the student. Refunds, when due, are made without requiring a request from the student. If not requested by student, refund will be issued within 45 days from last date of attendance. No refunds will be made for $1.00 or less.
Refunds for Recipients of Veterans Education Benefits NTI complies with the VA requirement for a pro rate refund of the unused portion of the tuition, fees and charges in the veteran or eligible person fails to enter the course or withdraws or is discontinued from it before completion. Students attending with Financial Aid funds must also refer to the Return to Title IV policy.
The School will refund all payments of tuition minus the application fee and fees prepaid for background checks (if applicable), if the student requests cancellation in writing to the School’s Business / Registrar’s Office within three (3) business days after signing the Enrollment Agreement. Students who have completed and submitted an enrollment agreement, yet have not visited the School facility prior to enrollment will have the opportunity to withdraw without penalty within three (3) business days, either following attendance at a regularly scheduled orientation (either at the facility or online) or, following a tour of the School facility. After this interval $100 of the registration fee becomes nonrefundable.
NTI reserves the right to postpone or change the date or time when a program is offered. Students who are unable to commence studies with the change in program start must follow the Cancellation of Enrollment Agreement Policy.
Refund of Tuition Calculation
Prior to the first day of the program………………..100% Tuition
During the reverse start period**::::::::..100% Tuition*
After the reverse start period through 9.9%
of program:…………………………………………………..90% Tuition*
After more than 10% and through 24.9%
of program :::::::::::::::::::.::..50% Tuition*
After more than 25% and through 49.9%
of program …………………………………………………….25% Tuition*
50% and through 100% of program …………………….0% Tuition
*less $100 administrative. Less criminal background check, driving record or other fees paid at time of enrollment. Programs longer than 1 year: If student withdraws within first year of any program that is longer than 12 months, student will be obligated to the above tuition calculation, not to exceed prorated tuition value for first 12 months of program. Refunds, when due, are made within 30 days (1) of the last day of attendance if written notification has been provided to the institution by the student, or (2) from the date the institution terminates the student or determines withdrawal by the student. Refunds, when due, are made without requiring a request from the student. If not requested by student, refund will be issued within 45 days from last date of attendance.
**Reverse Start Period: The student has clocked in attendance of 40 hours or less and has not exceeded 4 weeks in the program. Program fees are non-refundable after the reverse start period. See page 7 of this Catalog for the full Reverse Start Policy.
Return to Title IV Funds Policy
The law specifies how Northeast Technical Institute must determine the amount of Title IV program assistance that a student earned if the student withdraws from school. The Title IV programs that are covered by this law, and that are available at Northeast Technical Institute, are Federal Pell Grants, Federal Direct Student Loans (Stafford Loans and PLUS Loans). A student officially withdrawing from Northeast Technical Institute must see the Student Services Office and complete a Notification of Withdrawal form. When a student withdraws from Northeast Technical Institute, the withdrawal date used to determine the refund is the student’s last date of attendance at an academically-related activity.
A student that unofficially withdraws (fails to return from an approved leave of absence or fails to comply with the school’s attendance policy by missing 14 consecutive days) will be withdrawn from the school and the withdrawal date used to determine the refund is the student’s last date of attendance participating in an academically related activity.
When a student withdraws during their payment period, the amount of Title IV program assistance the student has earned up to that point is determined by a specific formula. If the student received (or Northeast Technical Institute or the parent received on the student’s behalf) less assistance than the amount earned, the student may be able to receive those additional funds. If the student received more assistance than the amount earned, the school and/or the student must return the excess funds.
The amount of assistance that a student has earned is determined on a pro-rata basis. For example, if the student completed 30% of the payment period, the student earns 30% of the assistance the student was originally scheduled to receive. Once the student has completed more than 60% of the payment period or period of enrollment, the student earns all the assistance that the student was scheduled to receive for that period.
If the student did not receive all of the funds earned, the student may be due a post-withdrawal disbursement. If the student’s post-withdrawal disbursement includes loan funds, Northeast Technical Institute must get the student’s permission before it can disburse the funds. A student may choose to decline some or all of the loan funds so that the student doesn’t incur additional debt. Northeast Technical Institute may automatically use all or a portion of a student’s post-withdrawal disbursement of grant funds for tuition, and other allowable costs (as contracted with the School). The School needs the student’s permission to use the post-withdrawal grant disbursement for all other school charges. If the student does not give permission, the student will be offered the funds directly; however, it may be in the student’s best interest to allow the school to keep the funds to reduce the student’s debt at the school. A post-withdrawal disbursement to the student’s account to pay charges must be disbursed as soon as possible but no later than 180 days after the date the school determined is the withdrawal date. A post-withdrawal disbursement made directly to the student must be disbursed as soon as possible, but no later than 45 days for grants and 180 days for loan funds. There are some Title IV funds that a student may have been scheduled to receive that cannot be disbursed once the student withdraws because of other eligibility requirements. For example, a student may have been scheduled to receive a Direct Stafford Student Loan but if the student has not signed a promissory note, the funds cannot be disbursed to the student after withdrawal.
If a student receives (or Northeast Technical Institute or the student’s parent receive on their behalf) excess Title IV program funds that must be returned, Northeast Technical Institute must return a portion of the excess equal to the lesser of:
- the student’s institutional charges multiplied by the unearned percentage of the student’s funds, or;
- the entire amount of excess funds.
The School must return this amount even if it didn’t keep this amount of the student’s Title IV program funds. The School must return the unearned aid for which it is responsible by repaying funds to the following sources, in this order, up to the total net amount disbursed from each source:
- Direct Unsubsidized Stafford Student Loan
- Direct Subsidized Stafford Student Loan
- Direct Parent PLUS Loan
- Pell Grant
The method used to determine the percentage of the payment period completed is determined according to the following formula:
Number of days completed up through the withdrawal date in the payment period
Total number of days in the payment period
The student enrolls in a 240-day program. The tuition amount is $10,000.00. The student attends 30 days and has first loan and grant disbursements.
- Pell – $500.00
- Subsidized Stafford Loan – $500.00
- Unsubsidized Stafford Loan – $1,000.00
- Total – $2,000.00
The student withdraws at 30 days.
Student’s attendance percentage for the first Payment Period (first half of the program) is calculated, 30/120=25%.
Percent of Title IV aid earned is calculated 25% * $2,000.00 = $500.00.
School refunds $1,500.00 of Federal Aid
- Unsubsidized Stafford Loan – $1,000.00
- Subsidized Stafford Loan – $500.00
Per NTI withdrawal policy, the student owes 10% of tuition or $1,000.00. $500.00 of Pell grant is retained by the school and applied to the students balance.
Student owes the remaining $500.00 to NTI.
These unearned Title IV funds must be returned no later than 45 days after the date the school determined the student withdrew.
If Northeast Technical Institute is not required to return all of the excess funds, the student must return the remaining amount. Any loan funds that the student must return, the student (or the student’s parent for a Direct PLUS Loan) must repay in accordance with the terms of the promissory note. That is, the student makes scheduled payments to the holder of the loan over a period of time.
Any amount of unearned grant funds that a student must return is called an overpayment. The maximum amount of a grant overpayment that a student must repay is half of the grant funds the student received or was scheduled to receive. The student must make arrangements with the School or the Department of Education to return the unearned grant funds. Within 30 days of the date the school determined the student withdrew, the School is required to notify the student of their obligation to repay grant funds. The student is required to repay the grant funds within 45 days of the earlier of: (1) the date the School sends the student notice of the overpayment, or (2) the date the school was required to notify the student of the overpayment (in the event of a late notification).
The requirements for the return of Title IV program funds when a student withdraws are separate from any refund policy that the School has. Therefore, a student may still owe funds to the School to cover unpaid institutional charges. The School may also charge a student for any Title IV program funds that the School was required to return. A copy of the School’s refund policy is published in the Student Handbook and can also be obtained from the School’s Financial Aid Office. If a student wishes to withdraw, the student should speak with the Student Services Office and complete a Notification of Withdrawal form.