Refund Policy Taft Law School

Refund Policy

By registering for classes students agree to pay all applicable tuition and registration fees. Students are required to pay all tuition and fees for any registered course unless enrollment is officially cancelled within the pro-rated refund period.

WITHDRAWING FROM SCHOOL

Before withdrawing, it is recommended you discuss your options with an academic advisor. Students may withdraw from school without prejudice by written notification to the Admissions Office any time prior to the final examination period. Submission of the Request for Withdrawal form will withdraw the student from all currently enrolled courses.

TUITION REFUND POLICIES FOR WITHDRAWAL & DISMISSALS

For students that paid tuition using Financial Aid, a Title IV refund calculation will be completed in conjunction with Taft’s refund calculation (R2T4) to determine the amount of tuition earned by Taft, in addition to any potential funds that must be returned by Taft to Title IV on the student’s behalf. Any tuition due to Taft that was not covered by Title IV funds is the responsibility of the student to pay.

Any refund due to a student who paid out-of-pocket or by third-party tuition assistance, will be returned to the authorizer via the same method used for the original payment(s).

STUDENT’S RIGHT TO CANCEL AND REFUND POLICY

If a student cancels enrollment within five days of student’s execution of this agreement, the school will refund all money paid by student. “Enrollment” for refund purposes is considered to have become effective upon execution of this agreement by student. Should student cancel this agreement within 14 days after the start date of the current academic year, the school will refund 100% of tuition charges paid by the student.

Refunds are calculated on a prorated basis, based on a fifty-two (52) week academic year. The prorated amount is 2% per week up to 60% of the academic year. Thereafter, if a student withdraws or is dismissed, the student shall be entitled to a pro rata refund of tuition charges up to 30 weeks from the date of enrollment. No refunds are payable after week thirty and refunds are not payable for completed courses.

For refund calculation purposes, any withdrawal shall become effective on the date student notifies the school, in any manner, of student’s intent. However, for the withdrawal to be effective, students must follow the procedures set forth in the “Notices” section of the enrollment agreement documentation.

Dismissals shall be effective on the date such action is taken by the administration or when a student fails to maintain the academic standards set forth in the student catalog, whichever shall occur first.

As an example of the refund policy: a student started their academic year on July 3, 2023, paying tuition in the amount of $8,760.00 and withdrawing on September 11, 2023 (a period of 10 weeks) without completing any courses would receive a refund of $7,008.00, ($8,760.00 multiplied by 80%. On September 11th, 80% of the academic year remained.). Refund computations are based on the total tuition obligation, not the amount of tuition previously paid. Unless otherwise noted in writing, other school fees are non-refundable. The school will issue refunds pursuant to the above conditions within 30 days from the date the withdrawal notice is received by the school. If a loan was obtained to pay for tuition, it is student’s responsibility to repay the full amount of any loan plus any interest. The student is advised that some financial institutions require TLS to repay any refunds due directly to the lender and the student expressly authorizes the school to comply with such requests.

Below is a weekly breakdown reflecting the weekly prorated schedule:

Prorated Fees Chart

RETURN TO TITLE IV (R2T4) CALCULATION

If a student receives Federal Financial Aid and decides to withdraw or is dismissed from the School before completing 60% of a payment period, federal law requires that Taft, and in some instances the student, returns unearned funds to the U.S. Department of Education. For these cases, a student’s financial aid must be reassessed using the percentage of aid earned using the following Federal Return of Title IV (R2T4) funds formula:

1. Determine the amount of Title IV aid that was disbursed and that could have been disbursed.

2. Determine the date of withdrawal or dismissal and determine the percentage of the payment period attended by the student.

3. Determine the amount of Title IV aid earned by the student by multiplying the total Title IV aid for which the student was eligible by the percentage of time enrolled

4. Compare the amount earned to the amount disbursed. If the amount earned is greater than the amount disbursed, then a post-withdrawal disbursement must be made if the student is eligible for a “late disbursement” under the cash management rules (34 CFR 668.164(g)). If the amount disbursed exceeds the amount earned, the Title IV aid must be returned.

5. Allocate the responsibility for returning unearned aid between the school and the student according to the portion of disbursed aid that could have been used to cover institutional charges and the portion that could have been disbursed directly to the student once institutional charges were covered.

6. Distribute the unearned Title IV aid back to the Title IV programs. Unearned aid which the School is responsible for repaying shall be returned to the following sources, in order, up to the total net amount disbursed from each source: 1.) Unsubsidized Direct Loans, 2.) Subsidized Direct Loans and 3.) Grad Plus Direct Loans.