Mittwoch, 9. November 2011

Full Sail University Enrollment Agreement

Here is an excerpt from the agreement...
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FULL SAIL calculates a pro-rated refund for all students who do not complete thirty (30) percent of an enrollment period. Refunds are calculated by determination of the number of weeks of instruction attended by STUDENT  and dividing this figure by the total weeks of instruction required to complete the enrollment period STUDENT has completed. The amount of tuition to be refunded is based on the amount of the enrollment period completed and is illustrated in the chart below.

%Enrollment Period Completed               % Contract Price Refunded
     1-10%    (less than 2.8 weeks)                          90%
  10.1%-20% (less than 5.6 weeks)                        80%
  20.1%-30% (less than 8.4 weeks)                        70%
  30.1%-100% (more than 8.5 weeks)                     0%
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Typically an enrollment period is seven months (28 weeks) long. A bachelors degree requires the completion of three, seven month long enrollment periods.

So let's talk about days and dollars.... say your tuition per enrollment period is $24,000. The school will break that amount into three payments of $8000 each. First payment is due before the first day of class, second payment is due 30 days later and the third payment is due 30 days after that.

If you complete the first two weeks of class and decide to withdraw, you're still golden, kind of. Full Sail will have to refund you $5600 of your first payment. Two weeks of class will cost you $2400.

Let's move forward to the second month of classes... you've just made your second payment of $8000. You attend a couple of labs and lectures and you're thinking Full isn't a good fit or maybe you're not being challenged enough and you want out. You contact your advisor; hopefully they can see you and get your withdrawal paperwork done quickly (they WILL drag their feet and stall you). You get the paperwork done that first week of your second month and it's only costing you $4800. Since you've already paid the school $16,000 you're entitled to a refund of $11,200.

Let's say your advisor can't see you until the first week of the next month... so you wait. You see your advisor, get your paperwork and withdraw from the school. You sent in your third payment of $8000 a couple days earlier. You've now paid the school $24,000. The advisor dragged his/her feet.... you don't get a penny back from that $24,000!

30% of 28 weeks is 8.4 weeks.... Nine weeks of "education" at Full Sail is going to cost you $24,000.

Would you hire a contractor to work on your house if he required you to sign an "agreement" that had these terms?


Thinking about attending? Take you contract, walk out of that admissions office and go over the contract with an attorney.

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