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Instructions for completing Refund Policy Calculation Worksheet

REFUND POLICY CALCULATION WORKSHEET
Print out and use to determine appropriate refund policy for particular programs

1. Program Name:

 

2. Clock Hours:

 

3. Schedule:

 

4. Number of Hours Offered Each Week:

 

(must be 2 or greater - if over 30, see instructions)

5. Divide #2 by #4:

 

6. Round this up to the next whole number:

(if 6 or less, skip to item #9 below).

 

7. Find all of the quarter or term possibilities on the next page for the number of weeks listed in item 6. Choose one from the possibilities and list it below.

 

A.

 

Quarters

 

B.

 

Terms

8.Define each quarter or term by dividing the answer to item #6 by the number of quarters or terms chosen above. Any remainder will be handled by adding one week starting with the first quarter/ term until all remaining weeks have been assigned.

 

First Quarter Term (circle one)

 

weeks

 

Second

 

weeks

 

Third

 

weeks

 

Fourth

 

weeks

 

Fifth

 

weeks

 

Sixth

 

weeks

 

Seventh

 

weeks

 

Eighth

 

weeks

9. Mini Programs Only (Completed in 6 or fewer weeks)

 

1 Week = 15% of the entire program for purposes of the refund policy.

 

 

Number of Weeks in Program Refund Policy

1-6 weeks Mini Refund Policy

7-14 weeks One Quarter

14-28 weeks Two Quarters

15-18 weeks One Term

21-42 weeks Three Quarters

28-56 weeks Four Quarters

30-36 weeks Two Terms

35-70 weeks Five Quarters

42-84 weeks Six Quarters

45-54 weeks Three Terms

49-98 weeks Seven Quarters

56-112 weeks Eight Quarters

60-72 weeks Four Terms

75-90 weeks Five Terms

90-108 weeks Six Terms