For Students Who Have Received Federal Student Financial Aid:
“Refunds” refers to the calculation of institutional charges and is a separate calculation from the Return of Federal Funds calculation. The amount of refundable institutional charges (tuition and residential fees) will be prorated based on University policy. If there is a balance due by the student as a result of the unearned financial aid being returned, the student will be responsible for payment of the difference.If a student has received federal student financial aid funds, the student is entitled to a refund of monies not paid from federal student financial aid program funds on the same basis as noted above.Financial aid recipients’ funding will be evaluated based on the federal refund policy as outlined in the Return of Title IV Funds policy. Any return of Title IV funds will be paid as applicable: 1) Unsubsidized Federal Direct Loan; 2) Federal PLUS/Direct Loan; 3) Other Federal, state, private or institutional aid; 4) the student.If the student has received personal payments of Title IV aid, they may be required to refund the aid to the applicable program. Students attending the institution for the first time who withdraw or terminate prior to course completion and who are recipients of Title IV funds shall be evaluated for a return of Title IV funds according to federal guidelines. All financial aid recipients must complete an Exit Interview as required by federal regulations. Lenders will be notified through the National Student Clearinghouse of the last date of attendance and the repayment terms and conditions of the loan will begin. See Return of Title IV Funds policy below.
STUDENT’S RIGHT TO CANCEL AND SCHOOL’S RIGHT TO CANCEL:
Student: You have the right to terminate your enrollment by submitting written notification of your withdrawal to: Student Services Team, Meridian University, 2450 Colorado Avenue, Suite 100E, Santa Monica, California 90404 or academicrecords@MeridianUniversity.edu. Tuition and fees may be refundable in accordance with the Federal Financial Aid Refund policy.Meridian: Meridian may terminate the Enrollment Agreement at any time, if in Meridian’s sole discretion it determines that termination would be in the best interest of Meridian for reasons it articulates in writing to the student. In that event, Meridian may refund to you an amount in accordance with the policies outlined within.
Institutional Refunds
You have the right to cancel your agreement for a program of instruction, without any penalty or obligations, through attendance at the first class session or the seventh calendar day after enrollment, whichever is later. After the end of the cancellation period, you also have the right to stop school at any time; and you have the right to receive a prorated refund if you have completed 60 percent or less of the scheduled days in the current payment period in your program through the last day of attendance. “Scheduled days” for a quarter begin on the first day of class.