Payment:
Tuition and fees will be paid at the time of registration unless the student is
eligible for financial aid and clearance has been given by the
Financial Aid Administrator or other financial arrangements have been made with
the Business Office. Students are responsible for any
financial obligation incurred while attending University of the Potomac (the
"University") regardless of any anticipated financial aid.
Cancellation and Refund Policy:
Rejected Applicants: If an applicant for enrollment is rejected by the
University, all monies paid to The University will be refunded.
Three-Day Cancellation: An applicant who provides written notice of
cancellation within three days (excluding Saturday, Sunday and federal
and state holidays) of signing an enrollment agreement, making their initial
payment or first visiting the University, whichever is the latest act
to occur, is entitled to a refund of all monies paid. No later than 30 days of
receiving the notice of cancellation, the University shall provide the
100% refund.
Other Cancellations: A student has the option to withdraw from the
University at any time by giving notice of their intent to terminate
enrollment in writing. In the absence of the student giving written
notification, the student is dismissed from the University after 14
consecutive calendar days from the last date of attendance, or upon the failure
to return from an approved Leave of Absence.
For purposes of determining refunds, the number of days enrolled is calculated
from the start date to the last date of attendance. The
students withdrawal date is either the date the student notifies the University
of their intent to withdraw, or the date the University
determined the student was no longer attending, usually 14 calendar days after
the date of last attendance. Class days missed due to
absences are included. Time out of class due to an approved Leave of Absence,
schedule conflict, termination and re-enrollment, and school
closure is excluded.
When a student withdraws from a standard term-based program comprised of a series
of modules, the University must determine whether a
Return of Title IV Funds calculation is required and if so, the length of the
period of enrollment or payment period, as applicable. The Return
of Title IV Funds Policy of the U.S. Department of Education entitles recipients
of Title IV aid to retain aid on pro-rata schedule up through
completion of 60% of the semester. After the 60% point in the semester, the
recipient is entitled to 100% of the scheduled aid. A student who
terminates prior to the 60% point may be obligated to pay the University a
portion of charges incurred and/or a repayment to the Title IV
programs.
Institutional Refund Policy
Tuition is charged on a session basis. All fees are non refundable. The
Institutional Refund Policy generally allows the University to earn
100% of the institutional charges from students who complete 60% or more of the
semester. The student's withdrawal date is the date the
institution determined the student was no longer attending. The institution may
take up to 14 days from the last date of attendance to make
the determination that the student was no longer attending.