Ala. Admin. Code r. 300-4-10-.10

Current through Register Vol. 43, No. 02, November 27, 2024

Section 300-4-10-.10 - Refund Procedures

(1) Payment of institutional refunds to the Technology Scholarship Program for Alabama Teachers.

(a) An institution shall return to the Technology Scholarship Program for Alabama Teachers a portion of any refund owed to a student if

1. The student officially withdraws, drops out, or is expelled from the institution on or after his or her first day of class of a payment period; and

2. The student received assistance through the Technology Scholarship Program for Alabama Teachers.

(b) For purposes of this section, an institutional refund means the amount paid for institutional charges for a payment period by cash payments and/or other benefits minus the amount retained by the institution for the portion of the payment period that the student was actually enrolled at the institution. The amount retained by the institution for the student's actual period of enrollment is calculated according to the institution's refund policy.

(c) The portion of the refund that the institution shall return to the Technology Scholarship Program for Alabama Teachers is the lesser of

1. The amount of assistance received under the Technology Scholarship Program for Alabama Teachers for the payment period; or,

2. The amount obtained by multiplying the institutional refund by the following fraction:

Total amount of Technology Scholarship Program for Alabama Teachers stipend awarded for the payment period/Total amount of assistance awarded for the payment period.

Author:

Ala. Admin. Code r. 300-4-10-.10

New Rule: Filed November 7, 1997; effective December 12, 1997.

Statutory Authority: Act 93-636.