TUITION PAYMENT PLANS
Financial agreements must be completed prior to the start of class. The following are the tuition payment plans available to students who are not eligible for financial aid:
• Tuition is to be paid in equal installments over the course of the program in which the student is enrolled. All payments must be made on the first (1st) of the month in order to remain in good standing. There will be a twenty-five dollar ($25.00) fee charged for all returned checks.
• Students not making regular, on-time payments are subject to suspension or termination.
The school has a working relationship with TFC Corporation and Sallie Mae Financial Corporation. These financial institutions provide tuition financing to those students who are not eligible for financial aid or who need additional aid to supplement their financial package. Students without an established credit history will be considered if they have a credit-worthy co-signer. Loans will be made to cover tuition only. Payment terms vary according to individual situations.
CANCELLATION AND REFUND POLICY
When withdrawal occurs prior to the student commencing classes, the following refund policy will be applied. If a student cancels the Enrollment Agreement within five (5) calendar days following the date of the contract, all monies paid to the school will be refunded. If an applicant is declared to be ineligible for admission, all monies paid to the school will be refunded. If an applicant cancels the Enrollment Agreement after five (5) calendar days following the date of the contract but prior to the beginning of class, all monies paid to the school will be refunded, less a registration fee of $75.00 for Massage Therapy and Surveillance and Security Specialist applicants and a registration fee of $50.00 for applicants to all other programs.
The amount of tuition earned by the institution when a student withdraws after commencing classes is based on the following refund policy, which uses the adjusted Financial Aid amount from the Return of Title IV Funds calculation. For students withdrawing after classes start the following refund policy applies:
Tuition Charged
A student terminating training During 1 st Semester During 2 nd Semester
During first week 25%
After first week but within first 25% of semester 45%
After 25% but within first 50% of semester 70%
After 50% of the semester 100%
Students who withdraw during the first semester will be charged a registration fee of $50.00 in addition to the tuition earned.
Please note that any Financial Aid funds that a student has received will be adjusted and the adjusted Financial Aid amount is used in calculating the refund computation. Students are responsible for any balance owed to DPT Business School as a result of the Return of Title IV Funds calculation.
RETURN OF FEDERAL TITLE IV FUNDS
When a student withdraws from school after commencing classes, the amount of financial aid a student receives will be adjusted based on the following Return of Title IV Funds policy. For a student withdrawing from or discontinuing the program prior to completing more than 60% of a semester, his or her eligibility for federal aid will be recalculated based on the percentage of the term completed. The unearned portion of the federal aid will be refunded. The eligibility of federal aid is calculated as follows:
# of calendar days completed by the student in the semester
total # of days in the semester
The total number of calendar days in a semester excludes any scheduled breaks of more than five (5) days.
If a student has received Title IV funds and is entitled to a refund, funds shall be returned in the following priority:
All refunds will follow required guidelines.
MONIES OWED AT THE TIME OF WITHDRAWAL
If the amount of earned tuition plus all fees exceeds the amount paid minus any required refunds, the student must pay the difference at once. If the student is unable to pay the balance in full, a payment plan may be worked out with the Business Office.
COLLECTION OF AN UNPAID BALANCE
All delinquent accounts will be turned over to a collection agency and reported to a Credit Bureau. Students are responsible for all collection and legal fees incurred by DPT in the process of collecting the balance due on their tuition and fee accounts.
If a student has received Title IV funds and is entitled to a refund, funds shall be returned in the following priority:
All refunds will follow required guidelines.
DEFINITION OF A FULL-TIME STUDENT
Students are considered full-time when they are enrolled in a program that is at least twenty-four (24) semester credits and are taking at least twelve (12) credits per semester.
Students are considered half-time when they are enrolled in a program that is at least twelve (12) semester credits and are taking at least six (6) credits per semester.