AWARDING POLICY

The new, current, and prospective students of New Horizons Medical Institute that qualify to receive financial aid will receive an award letter that discloses the potential amount of aid that will cover tuition and fees for the students.

CANCELLATION POLICY

A full refund will be made to any student who cancels the enrollment agreement within 72 hours (until midnight of the third day excluding Saturdays, Sundays, and legal holidays) after the enrollment contract is signed and a tour of the facilities and equipment is made by the prospective student.  Cancellation must be in writing and otherwise in accordance with the terms of the enrollment agreement and mailed or hand delivered to:

New Horizons Medical Institute,

5675 Jimmy Carter Blvd., Suite J,

Norcross, GA 30071

REFUND POLICY

The refund  will be based on the refund policy guidelines on scheduled clock hours of attendance.  The determination of refunds will be calculated based on the most advantageous refund to the student.  The refund computations will be based on scheduled clock hours of class attendance through the last date of attendance:

Students will be held responsible for any monies still owing to New Horizons Medical Institute and will be billed accordingly.   The effective date of the termination for refund calculations will be the last recorded date of attendance or the date of receipt of written notice from the student— whichever is earlier.

If tuition is collected in advance of entrance, and if after expiration of the 72-hours cancellation privilege, the student does not begin class, not more than $75 shall be retained by the school.

For the full Refund Policy, please refer to QuickLinks.

RETURN TO TITLE IV POLICY

The Federal Return of Title IV funds formula (R2T4) dictates the amount of Federal Title IV aid that must be returned to the federal government or the lending institution by the school and/or the student.  The federal formula is applicable to an eligible student receiving federal aid when that student withdraws on or before the 60% point in time in the payment period.

For the full Return To Title IV Policy, please refer to QuickLinks.

CREDIT BALANCE POLICY

A student has a credit balance when payments received by NHMI exceed the total amount due for their program of study. When this happens, NHMI will issue and mail a check for the credit balance amount within fourteen (14) days of the credit balance appearing on the student’s ledger.  These checks are mailed to the student’s address of record at the time of the credit balance.

PROFESSIONAL JUDGMENT POLICY

A financial aid professional may exercise professional judgment and change elements in the federal need analysis to account for circumstances that they feel have not been adequately considered in the original FAFSA.