REFUND POLICIES, SCHEDULES, AND PROCEDURES   Modes of Payment   1. Cash   2. Check   3. Wire Transfer     - Any bank charges associated with the wire transfer shall be for the student's account   Policies on Refund   1. 100% of fees shall be refunded for classes cancelled by the International Academy of Film and Television, Inc.   2. There shall be a one-time processing fee of USD 25 for any withdrawals.   3. Bank Charges, if any, deducted from the IAFTI account when the tuition was received shall be charged back to the student.   4. Any refunds in cash over the amount of PHP 2,000 (net) will be issued a check.   5. In case not all of the classes were dropped by the student, bank charges for deduction will be prorated to the number of classes dropped against the total number of classes enrolled.   6. A student who files for a Leave of Absence due to illness may attend a make-up class at the mentor's discretion, or attend the class at another term. If the student decides to withdraw, policy on refund will apply.   7. The following fees are non-refundable:     - Application for Admission     - Miscellaneous Fees     - Payments for Symposia and Lecture Series   8. The refund shall be made payable in this order:     - To the original Payer     - To the Student     - To a legal representative who has a Power of Attorney, in case the payer/student is not available   9. A completed Clearance Form must be attached to the Withdrawal Form before Credit and Collection shall start processing the refund   10. Processing of all approved refunds will take about seven working days unless the tuition was paid by credit card   11. In case of credit card payments, the refund shall be issued 45 days from the official withdrawal date   12. Refunds shall not be released until Treasury receives a copy of the completed Clearance Form   Refund Schedule   Workshops   Withdrawal Date % of Refund Less than five days in length Before the class starts 100 After the class starts 0 More than five days in length Before the class starts 100 Within the 1st day of class 50 After the 1st day of class 0

One Year Immersion Per Term % of Refund Anytime before the Term starts 100 During the first two weeks of the term 50 After the 2nd week of the term 0 Semi-Annual Date % of Refund First Payment Anytime before the 1st Term 100 During 1st Term but before the 2nd Term 50 During the 2nd Term 0 Second Payment Anytime before the 3rd Term 100 During the 3rd Term but before the 4th Term 50 Anytime during or after the 4th Term 0 Annual Payment % of Refund Anytime before the 1st Term 100 1st Term but before the start of the 2nd Term 70 2nd Term but before the start of the 3rd Term 40 3rd Term but before the start of the 4th Term 10 Anytime during and after the 4th Term 0 Refund Procedures STEP PROCEDURES RESPONSIBLE 1 Get Withdrawal and Clearance form from the Registrar Student 2 Complete the forms. Withdrawal form must be in four copies Original: Credit and Collections 2nd Copy: Student Services 3rd Copy: Registrar 4th Copy: Student 3 Meet with Student Development Coordinator for exit interview 4 Submit Withdrawal and completed Clearance forms to the Registrar 5 Sign and send approved form to Student Development Coordinator and Credit and Collections Registrar 6 Verify and process the refund Credit and Collections 7 Advise Treasury, the Registrar's Office, and Student Development Office when the refund will be ready for release 8 Advise the student as to when, how, and how much the refund will be Registrar 9 Release the refund to the student Treasury