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• The institution shall advise each student that a notice of cancellation shall be in writing, and that a withdrawal may be effectuated by the student's written notice or by the student's conduct, including, but not necessarily limited to, a student's lack of attendance. • The institution shall also provide a pro rata refund of nonfederal student financial aid program moneys paid for institutional charges to students who have completed 60 percent or less of the period of attendance. • Institutions shall refund 100 percent of the amount paid for institutional charges, less a reasonable deposit or application fee not to exceed two hundred fifty dollars ($250), if notice of cancellation is made through attendance at the initial class session, or the seventh day after enrollment, whichever is later. Once the refund has been calculated according to the State of California, ACCET, and Department of Education, (If Federal Financial Aid was used) the calculation most beneficial to the student will be used. If the student withdraws after 60% of the period of attendance, 100% of the tuition is earned up to the end of that payment period. Withdrawal will be considered to have occurred not more than 14 days from the last date of actual attendance, or when a student does not return from an approved leave of absence, or when a student requests the withdrawal from institution. Dismissal will be deemed to have occurred on the date that the school takes action. Refund calculations are based upon the payment period as of the last date of attendance. This refund policy will be modified to conform to applicable state or federal statutes. If a student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of thefollowing may occur: 1. The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan. 2. The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid, 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). 19 1 Pie° P't"I MIt Celle vs 3chonl C.L:ilu•