Refund Policies [1009]

 

          

        

 

Module Description

This module stores the Refund Policies used by the School. Records entered here can later be assigned to each program and used by the system in determining refund calculations Trx 6008, 6009 & 6031 when a student END is posted.

 

Field

Description

Key

Refers to the number sequentially assigned to the record by RGM system

Active Record

Yes- indicates if the Record is to be used as an option

Used By

Refers to Campus number using Policy

Modified By Campus

Yes- refers to modifications made to Copied Global Policy

The Policy Applies only to

Specifies the students for which policy is applicable

Effective Date

Effective Date of the Policy

End Date

End Date of the Policy

Policy Level

Refers to Policy being applicable to a program, campus or school level

Dictated By

Refers to the Agency dictating policy; School, State Agency or Accrediting Agency

Agency Name

Agency Name dictating policy

Policy Name

Name of Refund Policy to appear throughout RGM

Period Charged

Refer to Period of enrollment for which the policy will apply

State Regulation Code

If Policy is dictated by a State Agency, enter Regulation Code if applicable

State Regulation Name

If Policy is dictated by a State Agency, enter Regulation Name if applicable

Calculation Used

Based on Straight Percentage Calculation or Completion Bracket

Policy Application

Specify Days, Hours etc. that policy should use

Admission Denied

Yes- Type will appear as a Charge Option in Policy

Cancel On or Before First Day of Class

Yes- Type will appear as a Charge Option in Policy

Incomplete Application

Yes- Type will appear as a Charge Option in Policy

Cancel within Allowed Days before School Tour

Yes- Type will appear as a Charge Option in Policy

No Show

Yes- Type will appear as a Charge Option in Policy

Cancel within Cancellation Period

Yes- Type will appear as a Charge Option in Policy

Course Cancellation By School

Yes- Type will appear as a Charge Option in Policy

Withdraw ADD/DROP Class Periods

Yes- Type will appear as a Charge Option in Policy

Cancel within Allowed Days of Signing Enrollment Contract

Yes- Type will appear as a Charge Option in Policy

Withdraw-Prior to Last Day to Drop Classes

Yes- Type will appear as a Charge Option in Policy

Cancel- After allowed days of signing enrollment agreement, but before first day of classes

Yes- Type will appear as a Charge Option in Policy

Withdraw- Prior to Completion

Yes- Type will appear as a Charge Option in Policy

 

After a Record is saved, Brackets and Charges should be entered:

           

      

         

Refund Policy> Brackets Tab

 

          

 

Field

Description

Key

Refers to the number sequentially assigned to the record by RGM system

Done

Refers to the amount of time completed/passed when student drops

Measure

Refers to the measurement Type of time, Percent, Weeks, Days, etc.

Tuition Percent

Refers to the Tuition amount earned

Proration Rule

Proration Rules on fees

Use Equal

Use Less than, Greater Than or equal to measurement

Effective Date

Effective Date of Bracket

Remove Date

Effective Date of Bracket

 

Refund Policy> Charges Tab

 

          

 

Field

Description

Refund Policy

Name of Refund Policy

Key

Refers to the number sequentially assigned to the record by RGM system

Period of Enrollment

Refers to Period of Enrollment the charge policy will apply

Termination Kind

Type of END posted in Student Ends

Proration Rule

Refers to Proration Rule set up under Brackets Tab

Applicable to All Students

YES- will apply under auto generate for ALL students when a Drop is posted

Number of Days

Specifies the number of days to allow before charges are non-refundable

% of Tuition

Specifies % of Tuition

Max Tuition Retained

Specify Max tuition to keep

% Registration Fee to retain

Specify max % of Fees to keep

Additional Drop Fees

Add additional Drop fees to apply

 

TIP: Refund Policies Created here are later assigned to each Program under Trx 1012-1015. Upon posting a Student End under Trx 4043, Refund Calculations are auto-generated and can be printed from Trx 6008, 6009 & 6031.