Refunds
Menu

Refunds

The refund schedule below is in effect as of January 5, 2016:

Refund Schedule for Resident Programs and Internships:

Registration Day is defined as the first day of the term in which the student is required to attend Orientation activities or classes. Refunds are based on Registration Day though students may sign an Enrollment Agreement prior to  Registration Day.

  1. All monies will be refunded if requested prior to Registration Day.
  2. From Registration Day / day one through day four of the term, all monies paid will be refunded.
  3. From day five through day 10 of the term, 75% of the room, meal plan, tuition, and fees will be refunded.
  4. From day 11 through day 15 of the term, 50% of the room, meal plan, tuition, and fees will be refunded.
  5. After day 15 of the term, no refund will be available to the student.

Refund Schedule for:

On-Line Programs:

  1. All monies paid will be refunded if requested within three days after signing an Enrollment Agreement.
  2. Four days after signing an Enrollment Agreement, but before the initial class day, all monies paid will be refunded.
  3. From the course start date through calendar day three, all monies paid will be refunded.
  4. From calendar day four through calendar day six, 75% of all monies paid will be refunded.
  5. From calendar day seven through the end of the course, no refund will be available to the student.
  6. In online programs, if no activity is logged within the first five days of each scheduled class, NECI reserves the right to withdraw the student for non-participation; monies will be refunded according to the refund schedule outlined above.

For both on-ground and on-line programs, Federal Financial Aid refunds follow the policies listed below.

Federal Financial Aid

Federal financial aid (Federal Stafford Loan, Federal PLUS Loan, Federal Pell Grant, or Federal SEOG Grant) is earned based on the percentage of the enrollment period the student has completed and scheduled clock hours at the time of the withdrawal.

For credit hour programs, the percentage of the enrollment period completed is determined based on the number of days the student was enrolled and the number of days in the enrollment period. Specifically, the applicable enrollment period is based on a 13-week term for on-ground students and a 6-week term for students in the fully online BA program.

For clock-hour programs, the percentage of the enrollment period completed is based on the number of scheduled clock hours completed in the period as of the withdrawal date divided by the total number of clock hours in the entire enrollment period.

If the student completes more than 60% of the enrollment period, the school retains the full amount of aid for the enrollment period. If the student completed 60% or less of the enrollment period and has unearned federal aid (the difference between earned aid and disbursed aid), the unearned aid will be returned to the Title IV programs from which the student received assistance in the following order:

  • Unsubsidized Federal Stafford Loan
  • Federal Stafford Loan
  • Federal PLUS Loan
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant

For more information please contact the Director of Financial Aid.

Scholarship and Discounts

All scholarships and discounts granted by NECI are subject to revocation in full upon the withdrawal of a student from a program.

Student Balances

Students are responsible for paying their loans and the entire balances due on their NECI student accounts after the school’s refund policy has been applied. Students considering withdrawing from NECI are strongly encouraged to first contact Student Financial Services and, if they are financial aid recipients, the Financial Aid Office, to determine the impact of their withdrawal on their student account and financial aid.

Student Balances

Students are responsible for paying their loans and the entire balances due on their NECI student accounts after the school’s refund policy has been applied. Students considering withdrawing from NECI are strongly encouraged to first contact Student Financial Services and, if they are financial aid recipients, the Financial Aid Office , to determine the impact of their withdrawal on their student account and  financial aid.

Special Circumstances

In the case of prolonged illness, accident, death in the family or other circumstances that make it impractical for a student to complete the program, New England Culinary Institute will make a settlement, based on pro-rated attendance.

An exception to this policy for extenuating circumstances may be requested, in writing, by contacting:

Student Financial Services
New England Culinary Institute
7 School Street
Montpelier, VT 05602

 

Timing of Refunds

Any monies due will be refunded to the payee within 45 days of the date of determination of the student’s withdrawal. Any tuition refund due to financial aid overpayments will be refunded after all aid is received, up to 45 days after the end of the term.