Alabama Administrative Code
Title 300 - ALABAMA COMMISSION ON HIGHER EDUCATION
Chapter 300-4-10 - TEACHER SCHOLARSHIP PROGRAM FOR ALABAMA TEACHERS
Section 300-4-10-.10 - Refund Procedures
Universal Citation: AL Admin Code R 300-4-10-.10
Current through Register Vol. 42, No. 11, August 30, 2024
(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:
Statutory Authority: Act 93-636.
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