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.