The document discusses examples of nonterm payment periods for students enrolled in clock hour programs of varying lengths compared to the academic year. It provides examples of a student (Laurel) enrolled in a program less than an academic year, where each payment period is one half of the total program length. Another example shows a student (Eric) enrolled in a program equal to an academic year, where each payment period is one half of the academic year. It notes that for programs longer than an academic year, the final payment period/s depend on if the hours remaining are less than or greater than half an academic year.
The document discusses examples of nonterm payment periods for students enrolled in clock hour programs of varying lengths compared to the academic year. It provides examples of a student (Laurel) enrolled in a program less than an academic year, where each payment period is one half of the total program length. Another example shows a student (Eric) enrolled in a program equal to an academic year, where each payment period is one half of the academic year. It notes that for programs longer than an academic year, the final payment period/s depend on if the hours remaining are less than or greater than half an academic year.
in which the student completes half the credit or clock hours in the academic year.
Nonterm payment period examples
Less than an academic year Laurel is enrolled in a 600-clock-hour program. The school defines the program’s academic year as 900 clock hours and 30 weeks of instructional time. Because Laurel’s program is shorter than an academic year, the two payment periods would be based on the length of her program (in clock hours). Each payment period is one-half the program, or 300 clock hours. a 1st p.p. Academic Year
Equal to an academic year
2nd p.p.
Eric is enrolled in a 900-clock-hour program. The school defines the program’s
academic year as 900 clock hours and 30 weeks of instructional time. Because Eric’s program is equal to an academic year, the two payment periods are based on the length of the academic year (in clock hours). Each payment period is half an academic year, or 450 clock hours. Academic Year 1st p.p. 2nd p.p.
For a program that is longer than an academic year, if the number of
hours remaining in the final year is less than half an academic year, the final payment period is the period of time in which the student completes the remaining hours. If the number of hours remaining in the final year is more than half an academic year, each payment period in the final year is the period in which the student completes half the remaining hours in the program. The examples on the next page illustrate how to calculate final year payment periods in these situations.