What is the 7-day exchange period?
Why is the 7-day exchange period necessary?
How is the 7-day exchange period defined?
What are some examples of how the 7-day exchange period works?
- A student enrolled in 16 hours drops 3 hours on Tuesday of the 6th week of classes, which is after the refund period has ended. On Thursday of the same week, she adds 3 hours.
Because the drop and add activity occurred within a 7-day period, the 3 hours dropped on Tuesday nets against the 3 hours added on Thursday. The student would remain in 16 hours for tuition purposes and would not be assessed additional tuition charges; however, schedule change fees will apply.
- A student enrolled in 18 hours adds 3 hours, then drops 3 hours on same day during the 50% refund period.
Because the drop and add activity happened within a 7-day period, the 3 hours added would net against the 3 hours dropped. The student would remain in 18 hours for tuition purposes and thus would not be assessed additional tuition charges; however, schedule change fees will apply.
- A student enrolled in 9 hours adds 3 hours on a Thursday, then drops 2 hours on Monday of the following week.
When the student added the 3 hours, the student’s tuition would increase to the banded rate. However, when the student dropped 2 hours on the following Monday, the 2 hours added net against the 3 hours dropped and his tuition would be reduced to the 10 credit hour rate (9 hours + 3 hours – 2 hours = 10 hours). Schedule change fees will apply.
- In the 5th week of classes, a student enrolled in 21 hours drops 3 hours, then adds a 1 hour second 8-week class.
The 3 hours dropped net against the one hour added for a reduction of 2 hours. Because the changes occurred after the refund period ended, the student would not receive a credit for the 2 hours. No additional tuition would be assessed nor would any be refunded. Schedule change fees would apply.