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Refund Scenarios

Scenario 1 (Student upon graduation with balance less than $400)
Original Flex Plan Purchase $800
Bonus Dollars (free) received $120
Balance remaining at end of year $300
Bonus Dollars Forfeited
-$0
Balance carried over to next year $300

 

Scenario 2 (Student With Both Flex & Bonus dollars Remaing at end of year)
Original Flex Plan Purchase $1,200
Initial Bonus Dollars receieved $300
Balance Remaining at year end $1,300
Bonus Dollars Forfeited -$100
Balance carried over to next semester $1,200
Bonus Dollars carried over to next semester $0

 

Scenario 3 (Student requesting a refund)
Original Flex Plan Purchase $800
Initial Bonus Dollars received $120
Balance remaining at time of refund
$400
Bonus Dollars Forfeited -$120
Balance refunded to student account $280

 

Scenario 4 (Student upon graduation with balance of more than $400)
Original Flex Plan Purchase $1,200
Initial Bonus Dollars received $300
Balance remaining upon graduation $500
Bonus Dollars subtracted from balance -$300
Balance refunded to student account $200