Page 92 - THBI Student Handbook - 2020

2. Pro Rata Valuations: Unused pre-paid tuition will be calculated on the following basis:
30% of the unused tuition will be refunded to the student for each unused
pre-paid tuition unit.
(FORMULA = 3.30 Course Credits per tuition unit for 36 tuition units.)
EXAMPLE A: Bachelor Student on a 6 month pay plan. If by month 7, has earned 35 credits = 10.6
tuition units completed = 25.4 tuition units unused.
FORMULA - - $1560/36units = $42.90 (per unit) x 25.4 (unused units) = $1072.5 x 30% = $321.75
refund due.
EXAMPLE B: Bachelor Student on a 12 month pay plan. If by month 7, a student has paid $780.00;
if student has earned 35 credits = 10.6 tuition units completed = 25.4 tuition units unused.
FORMULA - -
$1560/36units = $42.90 (per unit) x 10.6 units completed = $454.74 paid/used (no refund due);
$325.26 paid/unused x 30% = $97.58 refund due.
E. RETURNED CURRICULUM REQUIREMENT: A Refund of Tuition results in unused
curriculum to also be unpaid! Therefore, certain course materials may be required to be
returned prior to any refunds being issued

1. STUDENT RETAINED MATERIALS: Students shall be entitled to retain the following materials
a) Digital Library - - All digital library items shall remain in the student’s possession.
b) Completed Course Materials - - All textbooks, study guidebooks and reference
materials which are part of study courses already completed and
graded shall be retained by the student.
2. STUDENT RETURNED MATERIALS: Students shall be required to return certain materials
to receive any refund that may otherwise be due:

a) UNUSED COURSE MATERIALS: ALL TEXTBOOKS AND STUDY GUIDEBOOKS WHICH THE
STUDENT HAS RECEIVED BUT THE COURSE IS NOT COMPLETED OR YET DUE FOR GRADING.
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Example: If a student completes a 6 month pay plan then withdraws in the 7 month
and has received courses and books for months 7 thru 12, the materials for months
8 – 12 will be required to be returned in like new condition for a refund for those
months of tuition to be processed.
b) ACCEPTABLE CONDITION: All returned materials must be in like-new condition for
distribution to other students.
i. DAMAGED MATERIALS RECEIVED OR NOT IN LIKE-NEW CONDITION REGARDLESS
OF REASON WILL RESULT IN REDUCTION OR REFUSAL OF REFUND PAYMENTS.
F. Since we have no binding contract for our pay plans and you simply stop making the
payments and we don’t hear from you, we will just assume you quit.
➢ SEE THE “90 DAY RULE” - - Failure to make a payment for a period of 90 days without
explanation will result in the suspension of your student status and all tuitions will be
subject to forfeiture.
❖ Suspension that continues for a period of 6 months will result in the final termination
of your student status with no possibility of student reinstatement.
❖ Notice: No tuition is refunded due to a “Student Drop” or in the case of a
student’s course exam failure.
NOTE: For terms and conditions, refer to the POLICY FOR STUDENT DROP-OUT,
WITHDRAWAL & TERMINATION explained earlier in this Student Handbook.

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