General Catalog
2013-2014
INSTITUTO DE BANCA Y COMERCIO
GENERAL CATALOG
2013-2014
Revised 5/29/2013
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General Information ………. 10 President’s Message ………. 11 Historical Background ………. 12 Institutional Mission ………. 13 Institutional Vision ………. 13 Institutional Objectives ………. 14Property Title and Board of Directors ………. 15
Corporate Level Administrative Officers ………. 16
Directors of Locations and Campus Additions ………. 17
Administrative Board ………. 18
San Juan Main Campus ………. 19
Ponce Additional Location ………. 20
Mayagüez Additional Location ………. 21
Cayey Additional Location ………. 22
Guayama Additional Location ………. 23
Manatí Additional Location ………. 24
Fajardo Additional Location ………. 25
Caguas Additional Location ………. 26
Humacao Additional Location ………. 27
San Juan (Carolina) Additional Location ………. 28
Arecibo Additional Location ………. 29
Bayamón Additional Location ………. 30
Directory of Locations and Campus Additions ………. 31
Academic Facilities ………. 34
Locations ………. 34
Campus Additions ………. 35
Accreditations, Licenses, Afiliations, Approvals and Examination Board ………. 36
Student Services ………. 38
Admissions ………. 39
Hours of Service ………. 39
Admissions and Enrollment Process ………. 39
Admissions Policy ………. 40
Associate Degree Programs ………. 40
Additional Admissions Requirements ………. 40
Diploma Programs ………. 41
Additional Admissions Requirements ………. 41
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Admissions Policy for Admission into the Ability to Benefit Program………. 42
Financial Aid ………. 43
Federal Pell Grant ………. 43
Federal Supplemental Educational Opportunity Grant ………. 43
Federal Direct Loan ………. 43
Federal Work and Study Program ………. 43
The Educational Opportunities Act (Law 138 of 1999) ………. 44
Availability of Funds ………. 44
Consequences of Defaulting on these Obligations ………. 44
Student Rights ………. 44
Refund Policy ………. 44
Associate Degree Programs ………. 44
Diploma Programs ………. 46
Payment Method and Frequency ………. 47
Registrar ………. 48
Consecutive Absences and Administrative Withdrawals ………. 48
Address Change ………. 48
Program Changes ………. 48
Graduation Certificate and Credit Transcripts ………. 48
Deadline for Submitting a Partial or Total Withdrawal ………. 49
Enrollment Periods ………. 49
Enrollment Cancelation Policy ………. 49
Validation of Credits Policy ………. 49
Satisfactory Academic Progress Policy (SAP) ………. 51
Procedure for Campus Transfers ………. 55
Graduation Requirements ………. 56
Course Coding System ………. 56
Academic Counseling and Retention ………. 57
Career Services / Employment ………. 57
Academic Rules ………. 58
Definition of Academic Year ………. 59
Units of Credit ………. 59
Academic Term ………. 59
Academic Load ………. 59
Number of Evaluations ………. 60
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Pass (Approved)/Not Passed (Not Approved) ………. 61
Incomplete Policy ………. 61
Course Elimination and other Charges ………. 61
Course Repetition ………. 61
Co-Curricular and Extracurricular Activities ………. 62
Uniforms ………. 62
Professor Tardiness or Absence ………. 62
Attendance Policy ………. 62
Copyright Policy ………. 63
Diplomas and Honors ………. 64
Awarding of Honors ………. 65
Participation in the Graduation Ceremony ………. 65
Libraries ………. 66
Study Halls ………. 66
Classrooms and Labs ………. 66
Grievance Procedure ………. 66
Institutional Policies ………. 68
Privacy of Educational Records Policy ………. 69
Equal Opportunity Policy ………. 69
Drug and Alcohol Abuse Prevention Policy ………. 69
Law #56-Use of Asthma Medication Policy ………. 69
Law #186-Restrictions on the Use of the Social Security Number Policy ………. 69
Law #37-Prohibition of Harassment, Intimidation and Bullying Policy ………. 70
Cyberbullying Prevention Policy ………. 70
Law #25-School Vaccination Policy ………. 70
Publications ………. 71
General Rules ………. 71
Student Responsibilities ………. 71
Visitors ………. 71
Posters and Promotions ………. 71
Law #40-Non Smoking Areas ………. 71
Tuition Costs and Other Fees ………. 72
Associate Degree Programs ………. 72
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Academic Offering ………. 75
Study Programs ………. 75
Associate Degree Programs ………. 75
Regional and International Cuisine ………. 76
Nursing ………. 77
Diploma Programs ………. 78
Commercial Programs ………. 79
Computer Systems Administration ………. 80
Information Systems Specialist ………. 81
Banking Operations ………. 82
Executive Secretary with Office Technology ………. 83
Medical Secretary with Word Processing ………. 84
Tourism, Hotels and Conventions ………. 85
Culinary Programs ………. 86
Bartending ………. 87
Regional and International Cuisine ………. 88
Restaurant Management ………. 89
International Pastry and Baking ………. 90
Health Programs ………. 91
Home Health Care Assistant ………. 92
Dental Assistant with Expanded Functions ………. 93
Practical Nursing ………. 94
Respiratory Care Technician ………. 95
Emergency Medical Technician-Paramedic ………. 96
Surgical Technician ………. 97
Professional Massage Therapist ………. 98
Medical Transcription ………. 99
Technical Programs ………. 100
Drafting and Computers ………. 101
Electricity with PLC ………. 102
Refrigeration and Air Conditioning with PLC ………. 103
Sound and Security Alarm Technician ………. 104
Plumbing Technician ………. 105
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Beauty Programs ………. 107
Barbering and Hairstyling ………. 108
Cosmetology ………. 109
Esthetics ………. 110
Advanced Hairstyling and Design ………. 111
Nail Technology ………. 112
Course Descriptions ………. 113
Associate Degree Programs ………. 113
Regional and International Cuisine ………. 114
Nursing ………. 118
Diploma Programs ………. 123
Commercial Programs ………. 124
Computer Systems Administration ………. 125
Information Systems Specialist ………. 128
Banking Operations ………. 131
Executive Secretary with Office Technology ………. 134
Medical Secretary with Word Processing ………. 137
Tourism, Hotels and Conventions ………. 140
Culinary Programs ………. 143
Bartending ………. 144
Regional and International Cuisine ………. 146
Restaurant Management ………. 149
International Pastry and Baking ………. 152
Health Programs ………. 155
Home Health Care Assistant ………. 156
Dental Assistant with Expanded Functions ………. 158
Practical Nursing ………. 161
Respiratory Care Technician ………. 164
Emergency Medical Technician-Paramedic ………. 167
Surgical Technician ………. 170
Professional Massage Therapist ………. 173
Medical Transcription ………. 176
Technical Programs ………. 179
Drafting and Computers ………. 180
Electricity with PLC ………. 183
Refrigeration and Air Conditioning with PLC ………. 186
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Plumbing Technician ………. 192
Computer Repairs and Network Technician ………. 194
Beauty Programs ………. 196
Barbering and Hairstyling ………. 197
Cosmetology ………. 200
Esthetics ………. 203
Advanced Hairstyling and Design ………. 206
Nail Technology ………. 208
Academic Offering by Locations ………. 210
Occupational Descriptions, Disclosure of Termination Indices and Employment Placement ………. 223
Faculty ………. 255
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CATALOG DISCLAIMER
Notwithstanding anything contained in this Catalog, Instituto de Banca y Comercio (IBC), reserves the right, wherever it deems advisable: (1) to change or modify its tuition and fees, (2) to withdraw, cancel, reschedule or modify any course, program of study, degree or any requirements in connection with the foregoing, and (3) to change or modify any academic or other policy. Please be advised that due to printing deadlines, information in this Catalog may be updated. Changes in information in this Catalog and new academic regulations will be published each term as applicable. It is the responsibility of each student to ascertain current information that pertains to the individuals program particularly with regard to satisfaction of degree requirements, through frequent reference to the Catalog and its addendum, enrollment agreement, the webpage www.ibanca.net, and by consultation with the Counselor, the Academic Director, and other appropriate offices such as the Registrar or Financial Aid. In preparing this catalog, efforts are made to provide pertinent and accurate information; however, IBC assumes no responsibility for Catalog errors or omissions.
An electronic copy of this Catalog is available at www.ibanca.net. Printed copies are available in the main campus, additional locations and campus additions.
The rules of our institution prohibit discrimination for reasons of gender or sex, among others. Therefore, for the purpose of this document, all terminology used to refer to a person or position refers to both genders.
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PRESIDENT’S MESSAGE
Instituto de Banca y Comercio has been helping the social and financial development of Puerto Rico for over three decades by offering innovative programs with the purpose of integrating our graduates into the work force.
We have 12 campuses and 11 campus additions strategically located throughout the Island where we annually assist thousands of students, making us the largest private institution in Puerto Rico and the Caribbean.
Our commitment is to support you during your stay so that you may complete your studies successfully and become a professional. We present to you our General Catalog of 2013 to 2014 where you will find all the information relevant to the academic component of our institution.
Welcome to the great family of Instituto de Banca y Comercio!
Guillermo Nigaglioni
President and Chief Executive Officer[12]
HISTORICAL BACKGROUND
Instituto de Banca y Comercio is a private, post-secondary institution of a non-traditional character, which offers short training programs and associate degrees to young adults and adults in the Business, Technical/Vocational/Health, Beauty and Culinary Arts fields. It operates under the laws and regulations of the Commonwealth of Puerto Rico.
It was founded by Mr. Fidel Alonso Valls in 1975 in the city of San Juan. Since then, it has maintained a steady growth and development. It currently has a main campus and eleven (11) additional campuses that operate in the cities of San Juan (1975), Ponce (1983), Mayagüez (1984), Cayey (1986), Guayama (1986), Manatí (1992), Fajardo (1991), Caguas (2000), Humacao (2008), Carolina (2009), Arecibo (2009) and Bayamón (2010); plus eleven (11) Campus Additions.
Since 1978, Instituto de Banca y Comercio has been accredited by the “Accrediting Council for Independent Colleges and Schools” (“ACICS”) to award diplomas. All of its programs are authorized by Puerto Rico Council of Education. The campuses in San Juan (2006) and Ponce (2009) are authorized by Puerto Rico Council of Education (Higher Education Division) and accredited by “ACICS” to award associate’s degrees. All the units are authorized by the Federal Department of Education to participate in the Title IV programs of the Higher Education Act of 1965, as amended.
In March of 2007, Instituto de Banca y Comercio was acquired by Leeds Equity partners, an investment firm in New York.
The institution’s success is due to the capability and sense of commitment of its professors, the location of its units, the attention offered to students, the use of modern technological resources and the innovative way in which it has managed the educational process, preserving its academic excellence within a changing environment that has been incorporated into the curricula to keep it current.
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INSTITUTIONAL MISSION
The mission of the Instituto de Banca y Comercio is to provide educational opportunities that promote the continuous acquisition of knowledge and the social development of our graduates in order to integrate them to the labor force. We fulfill these goals by providing our students with a general, ample and professional education though academic and occupational programs with high demand in the job-market; the selection of qualified human resources and the acquisition of innovative and adequate physical facilities and equipment that provide the maximum learning opportunities for our students and promote their adaptations to today jobs scenarios.
VISION
Instituto de Banca y Comercio aspires to be a leader in education by offering the community occupational study programs that will incorporate our graduates in the labor force, according to the needs and changes of our society. With our mission in mind the institution is committed to:
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INSTITUTIONAL OBJECTIVES Formative
1. Create educational programs with ample demand in the job market.
2. Prepare curricular structures based on scientific investigation and the needs analysis of the employers that are in the areas we serve through our campuses.
3. Offer an education that promotes the adaptation to current and future work scenarios, through strategies and activities that promote team work and interpersonal relationships.
4. Offer an educational service based on a pedagogical model that responds to the current educational needs of the environment.
5. Identify and incorporate computer environments into the curricular content and the teaching-learning process.
6. Contribute to the comprehensive development and values of each student, through the promotion of activities that improve their performance as members of the community.
7. Develop abilities for the adequate use of the English and Spanish languages in their written and verbal forms.
8. Promote the development of mathematical abilities to analyze and solve problems.
9. Foster the access to new levels of knowledge, by means of the mastery of contents and basic skills.
10. Develop reflective, critical and enterprising thinking through an education based on active, participative and practical methods.
11. Graduate satisfied students that possess the knowledge, skills and techniques that will allow them to perform efficiently and ethically at work.
Systematization
1. Bring the educational structure to the highest levels, providing educational continuity and coherence that allows the optimization of learning achievements.
2. Formulate and implement an institutional evaluation plan that aims the educational activities toward the accomplishment of the institutional objectives.
Structural
1. Develop an organizational structure that allows the fulfillment of the academic and administrative functions.
2. Possess an infrastructure and adequate material and financial resources for the development and maintenance of updated and innovative physical facilities that will serve as practical labs for the students.
3. Recruit and retain qualified human resources, fostering their professional growth through formative educational activities that guarantee institutional excellence.
Institutional Environment
1. Promote a participative environment and committment to the educational and administrative community through participation in institutional, decision-making work committees.
2. Favor an environment of solidarity and cooperation with the educational community, through activities that serve our community.
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PROPERTY TITLE AND BOARD OF DIRECTORS
Instituto de Banca y Comercio, Inc. is a private corporation established under the Laws of the Commonwealth of Puerto Rico. The institution is governed by a Board of Directors, with headquarters located at 350 Park Avenue, 23rd Floor, New York, New York 10022-6022, Telephone: (212) 835-2000. The institution’s operations are fulfilled by a managerial administrative group named by the Board with headquarters at #56 Carretera 20, Km 2.3, Guaynabo, PR 00966; Tel. (787) 982-3000. The current Board of Directors is made up of:
Mr. Jeffrey Leeds President and Treasurer
Mr. Scott VanHoy Secretary Dr. Joel Meyerson Director Mr. Guillermo Nigaglioni Director Mr. Erik Brooks Director
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CORPORATE LEVEL ADMINISTRATIVE OFFICERS
Management Group
Mr. Guillermo Nigaglioni – President IBC/ First Chief Operations Officer in PR Mr. José L. Padial - Vice-president
Mrs. Yaran K. Correa – Vice-president of Academic Affairs Dr. Amarilys Espada - Director of Compliance CPA Lourdes J. Cruz - Director of Operations CPA Yamira Lajara - Director of Quality Assurance Mrs. María V. Adorno - Controller of Student Affairs
CPA Josué Medina - Controller Mr. Pedro Padilla - Director of Collections Mrs. Pura López – Director of Human Resources Mrs. Doris Chambers - Director of Public Relations
CPA Daisy L. Rios - Purchasing Director Mr. José E. Maldonado - Curricula Dean
Mrs. Margarita Flores – Director of Career Services/Employment Mr. José A. Román – Executive Director of Corporate Infrastructure
Mr. Konrad Wittenberg - Director of Facilities Management Mrs. María Aponte - Director of Payroll
Mr. Leopoldo Vega - Director of Health Programs Mrs. Betty A. Garcés – Director of Beauty Programs Mrs. Dora Franceschi - Director of Culinary Arts Programs
Mr. Pedro Cáez - Director of Technical Programs Ms. María Julia Navarro – Institutional Registrar Ms. Aileen Rosario – Director of Graphic Arts and Publications
Mr. Wallace González – Operations Analyst Mrs. Mónica Fresse – Director of Continuing Education
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DIRECTORS OF LOCATIONS AND CAMPUS ADDITIONS
Mr. Wilfredo Hernández
San Juan Campus
Mr. Juan A. Orengo Ponce Campus Mr. Raúl Morales Mayagüez Campus Mrs. Gladys García Guayama Campus Mrs. Ana J. Rivera Cayey Campus Mr. Benjamín Padilla Manatí Campus Mrs. Madeline Burgos Humacao Campus Mr. Reinaldo González Caguas Campus Mr. Ricardo J. Flores Fajardo Campus Ms. Claribel López Carolina Campus Mrs. Elizabeth Morales Bayamón Campus Mr. Ángel Román Arecibo Campus
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ADMINISTRATIVE OFFICERS SAN JUAN MAIN CAMPUS
Mr. Wilfredo Hernández Campus Director Mrs. Elizabeth Concepción
Academic Director Mr. Victor Márquez
Coordinator of the Barbosa Campus Addition Mrs. Mary M. Medero
Library Mrs. Mildred Luna
Admissions
Mr. Cirilo A. Colón García Career Services / Employment
Mrs. Marilia Ortíz Retention Ms. Johanies Cortés
Registrar
Mrs. Sylvia Hilerio Soto Academic Counselor Mrs. Diana Mercado
Financial Aid Mrs. Yazmín Pagán
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ADMINISTRATIVE OFFICERS PONCE ADDITIONAL LOCATION
Mr. Juan A. Orengo Campus Director Mrs. Griselle Vázquez Academic Director Mrs. Olga Lugo Evening Coordinator Mr. Daniel Quirindongo Mrs. Odeymaris Pérez
Coordinators of the Adjuntas Campus Addition Mrs. Elizabeth Torres
Coordinator of the Jayuya Campus Addition Mrs. Awilda Roche
Coordinator of the Yauco Campus Addition Mr. Michael Salsedo Library Mrs. Waleska Justiniano Academic Counselor Mrs. Beany Díaz Retention Mrs. Ania Rodríguez Director of Admissions Mrs. Diana Núñez Registrar Mrs. Lourdes Román Financial Aid Mrs. Paula Colón Collections Mrs. Doris Jiménez Career Services / Employment
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ADMINISTRATIVE OFFICERS MAYAGÜEZ ADDITIONAL LOCATION
Mr. Raúl Morales Campus Director Mrs. Brenda Sánchez Academic Director Mrs. Ana M. Aponte Evening Coordinator Mr. Ricardo Rodríguez Mr. William Torres
Coordinators of the Lajas Campus Addition Mr. Hermit Toro
Mrs. Rafael Arroyo
Coordinators of the Moca Campus Addition Mrs. Marilyn del Valle
Mrs. Yanira Morales
Coordinators of the Aguadilla Campus Addition Mrs. Elisa Pagan Mrs. Marta Vargas Study Hall Mrs. Verónica Ramírez Academic Counselor Mrs. Lymari Vazqueztell Retention Mrs. Marisol Morales Mrs. Sabiel Plugues Admissions – Lajas and Mayagüez
Mrs. Rosecel González Registrar Mrs. Rosa Ramos
Financial Aid Mrs. Norma L. Pérez Career Services / Employment
Mrs. Melinda Ramos Collections
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ADMINISTRATIVE OFFICERS CAYEY ADDITIONAL LOCATION
Mrs. Ana Jackeline Rivera Campus Director Mrs. Michelsedet Hernández
Academic Director Mr. Carlos Lugo
Coordinator of Barranquitas Campus Addition Mrs. Lumarie Rolón Admissions Mrs. Miriam Félix Registrar Mrs. Rosa Madera Financial Aid Mrs. Zuleika González Career Services / Employment
Mrs. Ivelisse Rivera Study Hall Mrs. María E. Lasalle Academic Counselor Mrs. Ana I. Rodríguez Retention Mrs. Ineabelle Cintrón Collections
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ADMINISTRATIVE OFFICERS GUAYAMA ADDITIONAL LOCATION
Mrs. Gladys García Campus Director Steven Goldberg Academic Director Mrs. María de Lourdes Cruz
Evening Coordinator Mrs. Debbie Torres Academic Counselor Mrs. Yaraliz Morales
Study Hall
Mrs. Evelyn López Morales Admissions Mrs. Luz D. Collazo Registrar Mrs. Emma Martínez Financial Aid Mrs. Nelcy Amy Career Services / Employment
Mrs. Marylu Sepulveda Collections
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ADMINISTRATIVE OFFICERS MANATÍ ADDITIONAL LOCATION
Mr. Benjamín Padilla Campus Director
Mrs. Luz E. Manuel Bou Academic Director
Mr. Carlos Salgado Class Evening Coordinator
Mrs. Sandra Morales
Coordinator of Naranjito Campus Addition
Mrs. Jovaleska Torres Study Hall Mrs. Karin Rosado Academic Counselor Mrs. Yarelis González Admissions Mrs. Lillian Sánchez Registrar Mr. Eleazar Díaz Financial Aid Mrs. Yamilé Moya Career Services / Employment
Mr. Pedro Nazario Retention
Mrs. Judy García Collections
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ADMINISTRATIVE OFFICERS FAJARDO ADDITIONAL LOCATION
Mr. Ricardo J. Flores Campus Director Mrs. Bethzaida Piñero Academic Director Mr. Luis M. Valle Evening Coordinator Mr. Francisco Nazario
Coordinator of the Loiza Campus Addition
Mrs. Gladys Suárez
Coordinator of the Vieques Campus Addition
Mrs. Keila Reyes Registrar Mr. Armando Rodríguez Admissions Mrs. Aida Rivera-Romeu Academic Counselor Mr. Orlando Clark Retention Mrs. Lilliam Matos Library Mrs. Ana J. Romero Carerr Services / Employment
Mr. Domingo Maldonado Financial Aid Mrs. Marisol Vega
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ADMINISTRATIVE OFFICERS CAGUAS ADDITIONAL LOCATION
Mr. Reinaldo González Campus Director Mrs. Gladys Serrano Academic Director Mr. Luis Santiago Evening Coordinator Mrs. Maribel Santana Registrar Mrs. Lilliam Méndez Admissions Ms. Sheila Bonilla Academic Counselor Ms. Karla Tirado Retention Mrs. Lizette Ríos Career Services / Employment
Mrs. Minerva Berríos Financial Aid Mr. Héctor López Collections Mrs. Olga Hernández Study Hall
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ADMINISTRATIVE OFFICERS HUMACAO ADDITIONAL LOCATION
Mrs. Madeline Burgos Campus Director Mrs. Jeanette Almodovar Academic Director Mrs. Haydeé Mulero Evening Coordinator Mrs. Jessie Pérez Registrar Mrs. Ivelisse Alvelo Admissions Mrs. Merarian Silva Mrs. Marisol Sierra Retention Mrs. Carmen D. Morales Career Services / Employment
Mr. Ellis Aguayo Financial Aid Mrs. Johanna Delgado Collections Mrs. Vilmarie Torres Study Hall
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ADMINISTRATIVE OFFICERS
SAN JUAN (CAROLINA) ADDITIONAL LOCATION Ms. Claribel López
Campus Director
Mr. José D. Martínez Agosto Academic Director Mr. Arnaldo Alicea Vega
Evening Coordinator Mrs. Abigail Díaz Registrar Mr. Carlos Ayala Admissions Ms. Sheila Alvira Academic Counselor Mrs. Josiemar Figueroa Retention Mr. Miguel Robles Career Services / Employment
Mrs. Graciela Cacho Financial Aid Mr. Amervim Bonano Collections Mrs. María García Study Hall
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ADMINISTRATIVE OFFICERS ARECIBO ADDITIONAL LOCATION
Mr. Ángel Román Campus Director
Mrs. Irma N. Carrasquillo Academic Director Mrs. Marisel Ruiz González
Evening Coordinator
Mrs. Itzamar Román Registrar
Mrs. Luz Nilda Ortíz Admissions
Ms. Ivelisse Vélez Retention
Mrs. Wanda Negrón Career Services / Employment
Mrs. Lourdes Zayas Financial Aid
Mrs. María Rosa Gerena Collections
Mrs. Irene Rodríguez Study Hall
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ADMINISTRATIVE OFFICERS BAYAMÓN ADDITIONAL LOCATION
Mrs. Elizabeth Morales Campus Director Mrs. Marie Rivera Academic Director Mr. Andrés Pérez Evening Coordinator Mrs. Mildred Hernández Registrar
Mr. Juan A. Orengo Noble Admissions
Mrs. Gloria González Academic Counselor
Mrs. Zaida Salgado Career Services / Employment
Mrs. Yiovanna Amy Mrs. Keishla Tirado
Retention
Mrs. Rosa Martínez Financial Aid
Mr. Roniel del Valle Collections
Mrs. Lourdes Sanfeliz Study Hall
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DIRECTORY OF LOCATIONS CORPORATE OFFICE
Núm. 56 Carretera #20, Km 2.3, (Exp. Martínez Nadal) Guaynabo, Puerto Rico 00966
Telephone: 787-982-3000 – Fax: 787-982-3075 http://www.ibanca.net
SAN JUAN MAIN CAMPUS Ave. Ponce de León #61, Bo. Hato Rey
San Juan, Puerto Rico Teléfono: 787-754-7120 Fax:787-754-7143 [email protected]
Barbosa Campus Addition Ave. Barbosa #598 San Juan, Puerto Rico Teléfono: 787-765-8687 Fax:787-763-5343 PONCE ADDITIONAL LOCATION Calle Ferrocarril #709, Esquina Concordia
Ponce, Puerto Rico Teléfono: 787-840-6119 Fax:787-840-0530 [email protected]
Adjuntas Campus Addition Calle Muñoz Rivera #31 Adjuntas, Puerto Rico Teléfono-787-829-2464 Fax-787-829-5200
Jayuya Campus Addition Calle Guillermo Esteves #78, Jayuya, Puerto Rico
Teléfono-787-828-2447 Fax-787-828-2080
Yauco Campus Addition Yauco Plaza Shopping Center 1 Yauco, Puerto Rico
Teléfono-787-992-0237 Fax-787-992-0240 MAYAGÜEZ ADDITIONAL LOCATION Avenida Tenerife, Carretera #2, Bo. Sultana
Mayagüez, Puerto Rico Teléfono: 787-833-4647 Fax:787-833-4746
Aguadilla Campus Addition
Carretera 2, Km. 121, Bo. Caimital Alto Aguadilla, Puerto Rico
Teléfono-787-841-8340 Fax-787-891-8148
Moca Campus Addition
Carretera 111, Km. 4.5, Bo. Pueblo Moca, Puerto Rico
Teléfono-787-877-2292 Fax-787-877-2070
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Lajas Campus Addition
65 Infantería Interior, Edificio 49 Lajas, Puerto Rico
Teléfono-787-899-5539 Fax-787-899-3195 CAYEY ADDITIONAL LOCATION Avenida José de Diego, #256
Cayey, Puerto Rico Tel: 787-738-5555 Fax: 787-738-7629 [email protected]
Barranquitas Campus Addition Carretera 719, Km. 1.5,
Barrio Helechal (Centro Comercial Plaza) Barranquitas, Puerto Rico
Teléfono-787-857-1650 Fax-787-857-8255 FAJARDO ADDITIONAL LOCATION Carrretera #3, Km. 44.0, Calle Marginal
Bo. Quebrada Fajardo Fajardo, Puerto Rico Teléfono: 787-860-6262 Fax: 787-860-6265 [email protected]
Loiza Campus Addition
Carretera PR #3, Km. 13.8, Lote 3-A, Los Colobos Canovanillas, Carolina, Puerto Rico
Teléfono-787-876-7819 Fax-787-256-3254
Vieques Campus Addition
Carretera #200, Int. 993, Bo. Monte Santo Vieques, Puerto Rico
Teléfono-787-741-2587
MANATÍ ADDITIONAL LOCATION Carretera #2, Km. 49.7, Barrio Tierras Nuevas
Manatí, Puerto Rico Teléfono: 787-854-6634 Fax: 787-884-3372 [email protected]
Naranjito Campus Addition
Carretera 825, Km. 0.2, Barrio Achiote (Edificio Anexo) Sector La Aldea, Naranjito, Puerto Rico
Teléfono-787-869-7396 Fax- 787-869-4580
GUAYAMA ADDITIONAL LOCATION Carretera #3, Km. 138.21, Edificio Iraola, Bo. Machete
Guayama, Puerto Rico Teléfono: 787-864-3220 Fax: 787-864-4606
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CAGUAS ADDITIONAL LOCATION Carretera #1, Km. 33.7, lote 3, Urb. Bairoa,
Caguas, Puerto Rico Teléfono: 787-745-9525 Fax: 787-744-4760 [email protected]
HUMACAO ADDITIONAL LOCATION Carretera PR-908, Km. 1.0, Barrio Tejas
Humacao, Puerto Rico Teléfono: 787-285-0800 Fax: 787-285-0824
SAN JUAN (CAROLINA) ADDITIONAL LOCATION Ave. 65 de Infantería, Km. 5.4
Bo. Sabana Llana, San Juan, Puerto Rico Teléfono: 787-522-2300 Fax: 787-522-2323 [email protected]
ARECIBO ADDITIONAL LOCATION Avenida Victor Rojas, Esquina Cervantes, Bo. Pueblo
Arecibo, Puerto Rico Teléfono: 787-880-4019 Fax: 787-880-3956 [email protected]
BAYAMÓN ADDITIONAL LOCATION Carretera #2, Km. 15.3, Bo. Hato Tejas
Bayamón, Puerto Rico Teléfono: 787-522-4325
Fax: 787-522-4349/787-522-4347 [email protected]
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ACADEMIC FACILITIES LOCATIONS SAN JUAN MAIN CAMPUS
The San Juan campus has a 5-story building with over 40,000 square feet, located at, Avenida Ponce de León #61, in the banking district of Hato Rey.
PONCE ADDITIONAL LOCATION
The Ponce campus has an 82,000 square feet area in a two story building located at, Calle Ferrocarril #709, Esquina Concordia, close to the center of the town of Ponce.
MAYAGÜEZ ADDITIONAL LOCATION
The Mayagüez campus has a two story building located at Avenida Tenerife, Carretera #2, Bo. Sultana with a total of 27,000 square feet.
CAYEY ADDITIONAL LOCATION
The Cayey campus has a two story building with a total of 29,750 square feet at, Avenida José de Diego #256, by the exit to the town of Aibonito.
FAJARDO ADDITIONAL LOCATION
The Fajardo campus is found in an ample, dual level facility located at, Carretera #3, Km 44.0, Calle Marginal, Bo. Quebrada Fajardo, with a total area of 31,197 square feet.
MANATÍ ADDITIONAL LOCATION
The Manatí campus possesses a three story facility located at, Carretera #2, Km. 49.7, Barrio Tierras Nuevas, with a total area of some 49,000 square feet.
GUAYAMA ADDITIONAL LOCATION
The Guayama campus is located in a three story building at, Carretera #3, Km. 138.21, Edificio Iraola, Bo. Machete by the exit to Salinas. It is a total area of 34,456 square feet.
CAGUAS ADDITIONAL LOCATION
The Caguas campus is located at, Carretera #1, Km. 33.7, lote 3, Urb. Bairoa, Caguas, PR with a space of 50,000 square feet.
HUMACAO ADDITIONAL LOCATION
The Humacao campus occupies a two story building with a space of 36,689 square feet located at, Carretera PR-908, Km. 1.0, Barrio Tejas in the town of Humacao.
SAN JUAN (CAROLINA) ADDITIONAL LOCATION
The San Juan (Carolina) campus occupies a three story building located at, Ave. 65th Infantería, Km. 5.4, Bo. Sabana Llana, in the boundary between Río Piedras and Carolina, with a total space of 54,352 square feet.
ARECIBO ADDITIONAL LOCATION
The Arecibo campus occupies a building of 30,000 square feet located at, Ave. Victor Rojas, Esquina Cervantes, Bo. Pueblo, Arecibo.
BAYAMÓN ADDITIONAL LOCATION
The Bayamón campus occupies a one story building with a total space of 57,000 square feet, located at Carretera #2, Km. 15.3, Bo. Hato Tejas, Bayamón.
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CAMPUS ADDITIONS
Instituto de Banca y Comercio, through its campus additions, offers educational services to communities with limited transportation services. Generally, they offer all the courses of every program, except in situations that require additional instructional equipment and materials not available at the center. In these cases, the student transfers to the campus to which the center is appointed. These are:
San Juan Main Campus
Barbosa Campus Addition
The center is located at Avenida Barbosa #598, Hato Rey. Ponce Additional Location
Adjuntas Campus Addition
The center is located at Calle Muñoz Rivera #31, Adjuntas. Jayuya Campus Addition
The center is located at Calle Guillermo Esteves #78 and in various areas of the Plaza del Mercado in the center of the town of Jayuya.
Yauco Campus Addition
The center is located in Yauco Plaza Shopping Center I at Yauco. Mayagüez Additional Location
Aguadilla Campus Addition
The center is located in a modern building located at Carretera #2, Km. 121, Bo. Caimital Alto at Aguadilla. Lajas Campus Addition
The center is located at 65 de Infantería Interior, Edificio 49 at Lajas. Moca Campus Addition
The center is located at Carretera 111, Km. 4.5, Barrio Pueblo, Moca. Cayey Additional Location
Barranquitas Campus Addition
The center is located at Carretera 719, Km. 1.5, Barrio Helechal (Centro Comercial Plaza) in the town of Barranquitas.
Fajardo Additional Location
Loíza Campus Addition
The center is located at Carretera PR #3, Km. 13.8, Lote 3-A, Canovanillas, at Carolina. Vieques Campus Addition
The center is located at Carretera #200, Int. 993, Bo. Monte Santo, Vieques. Manati Additional Location
Naranjito Campus Addition
The center is located at Carretera 825, Km. 0.2, Bo. Achiote (Edif. Anexo), Sector La Aldea in the town of Naranjito.
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ACCREDITATIONS, LICENSES, AFILIATIONS, APPROVALS AND
EXAMINATION BOARDS
Accreditations
Accredited by the Accrediting Council for Independent Colleges and Schools to award diplomas in all its campuses and campus additions and to award associate degrees in the San Juan and Ponce Campuses. “Accrediting Council for Independent Colleges and Schools” (ACICS) - 750 First Street, NE, Suite 980, Washington DC 20002-4241, Tel. (202) 336-6780.
Licenses of Operation and/or Authorizations of the Commonwealth of Puerto Rico
Puerto Rico Council of Education (formerly the General Council of Education) – All the campuses and centers of extension possess their corresponding License to Operate at the Post-secondary, Technical and Higher Skills Level – Avenida Ponce de León, Edificio Hato Rey Center, Suite 1500, Hato Rey, PR 00919, Tel. (787) 641-7100.
Affiliations
- Association of Accredited Postsecondary Institutions (Asociación de Instituciones Postsecundarias Acreditadas (AIPA))
- Puerto Rico Association of Private Education
- National Association of Student Financial Aid Administrators (NASFAA) - Eastern Association of Student Financial Aid Administrators (EASFAA) - Association of Private Sector Colleges and Universities (APSCU) - Chamber of Commerce of Puerto Rico
- Puerto Rico Association of Student Financial Aid Administrators (PRASFAA)
- Puerto Rico Association of Collegiate Registrar and Admissions Officers (PRACRAO)
- Articulation Agreement with National University College, Bayamón, Río Grande, Arecibo and Ponce - The Center for Research on U.S. Latino HIV/AIDS and Drug Abuse (CRUSADA, in Spanish)
Approvals
- Training Provider – Vocational Rehabilitation - Training Provider – Department of Education - Training Provider – Work Investment Act (WIA)
Examination Boards
Technical
- Examining Board of Barbers and Hairdressers - Examining Board of Beauty Specialists - Examining Board of Draftsmen
- Examining Board of Electricians
- Examining Board of Teachers and Plumbing Officials
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Health- Examining Board of Medical Emergency Technicians of Puerto Rico - Examining Board of Nurses of Puerto Rico
- Examining Boards of Respiratory Care Technicians of Puerto Rico - Examining Boards of Massage Therapists of Puerto Rico
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ADMISSIONS
ADMISSIONS-HOURS OF SERVICE
The Admissions Office accepts applications from prospects interested in being admitted to our Institution during the entire year. These offices remain open Monday through Thursday, from 8:00 a.m. to 7:00 p.m. and Saturdays from 9:00 a.m. to 1:00 p.m.
ADMISSIONS AND ENROLLMENT PROCESS
1. The student admissions process will take place in the Admissions Office. After the initial orientation and signing of the Admissions Commitment, students will be referred to the Financial Aid Office in order to apply for financial aid.
2. During the admissions process, all students of certificate or diploma programs will receive a contract for the duration and tuition costs of the entire program of study. In the case of associate degree students, the Admissions Office transacts the students’ admission; the Registrar’s Office will deliver to students the contract/program of classes for each term of study during the enrollment process.
3. During the enrollment process, students will receive a program of classes that will consist of a module of 8 to 10 credits during 8 weeks (certificates or diplomas) or 12 to 16 credits during 16 weeks (associate degree).
4. The Registrar’s Office will officialize said program and will refer the student to the Collections Office where s/he will receive the official invoice for the entire program. This Office will also prepare the corresponding Payment Plan for each student.
5. If the student has processed a grant, the amount of grants assigned will appear in his/her enrollment sheet. Otherwise, s/he must visit the Financial Aid Office to inquire about the eligible amount according to the number of enrolled credits.
6. For associate degree students, the invoicing process will be repeated for each of the terms in which the student remains active. For continuation students, the enrollment process for the next term will take place during the last two weeks of the current term.
7. Students who fail any course(s) will be referred by the Registrar to an Academic Counselor to receive orientation about the grade average they must obtain and ensure a satisfactory academic progress.
8. Associate Degrees – Students who enroll in a program of less than 12 credits will be considered as ¾ time students (11 to 9 credits) or part-time students (8 to 6 credits) for the purposes of the assignment calculation of the Pell Grant and other financial aid.
9. Enrollments of 3 credits or less during a specific term will not be approved, with the exception of students who are candidates for graduation.
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ADMISSIONS POLICY
PROGRAMS LEADING TO AN ASSOCIATE DEGREE
Instituto de Banca y Comercio has academic offerings available for associate degrees in the areas of Health, and Culinary Arts. Programs begin in August and January.
Admissions Requirements
1. Copy of high school diploma or recognized* equivalent, or a transcript of credits certifying completion of graduation requirements.
2. An academic average of 2.00 points or more in High School or in an academic-occupational program authorized at the post-secondary level. If an average of 2.00 points were not obtained due to having obtained a “D” grade in Spanish, Math or English:
The student may be admitted if s/he presents College Board Examination results of more than 400 points in the academic performance exam. S/he may apply for the skills test in the respective subject of study and pass with 70% or more in order to be placed in regular courses. S/he will not be admitted if s/he does not pass the exam.
3. Certificate of vaccination PVAC-3 (if under 21 years of age) 4. Complete the Enrollment Contract
5. Signature of parent or guardian in the Enrollment Contract (if under 21 years of age)
*A recognized equivalent is a document showing that the student has graduated from a public school of the Department of Education of Puerto Rico or from a private school authorized to operate according to the Puerto Rico Council of Education or has foreign studies that have been validated as equivalent to a high school diploma according to the Department of Education of Puerto Rico or has passed the GED examinations.
ADDITIONAL ADMISSIONS REQUIREMENTS Practical Nursing Program
For the external practice of the program and in order to apply for the license exam of the Examination Board, the prospective student must have reached or should reach the age of 18 during their studies. For more details, refer to the description of each program.
At the time of the practice or license exam of the Examination Board, the candidate should present the following documents:
1. Certificate of criminal background check dispatched by the Puerto Rico Police. 2. Certificate of health from the Department of Health.
3. Certificate of immunization for Hepatitis B (three doses) and the chicken pox vaccine. Regional and International Cuisine
For the external practice of the program, the prospective student must have reached or should reach the age of 18 during their studies. For more details, refer to the description of each program.
At the time of the practice, the candidate should present the following documents: 1. Certificate of criminal background check dispatched by the Puerto Rico Police. 2. Certificate of health from the Department of Health.
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In order to be admitted to these programs, the student should sign a letter certifying that s/he has received orientation from the Admissions personnel about these requirements and agrees to comply with said requirements at the time of his/her application to the center of practice.
The Institution is not responsible if a student is unable to achieve a practice clinic or apply for an exam from the Examinations Board due to non-compliance with any of the requirements previously mentioned.
PROGRAMS LEADING TO A DIPLOMA
Instituto de Banca y Comercio is governed by an open door Admissions Policy to allow all high school graduates to aspire to reach a technical-professional formation of excellence, and the opportunity to initiate studies in areas of: Business, Techniques, Health, Beauty and Culinary Arts that usually begin in the months of August, October, January, March and May.
The application of this open door policy enables Instituto de Banca y Comercio to comply with a substantive requirement of this level of education: accessibility.
Admissions Requirements
1. Copy of high school diploma or recognized* equivalent, or a transcript of credits certifying completion of graduation requirements.
2. Certificate of vaccine PVAC-3 (if under 21 years of age) 3. Complete the Enrollment Contract
4. Signature of parent or guardian in the Enrollment Contract (if under 21 years of age) 5. Prospective students must be 18 years of age for the Bartending program.
6. For programs that include an external practice component or that require a professional or occupational license from an Examination Board, the prospective student must have reached or should reach the age of 18 during their studies. For more details, refer to the description of each program.
*A recognized equivalent is a document showing that the student has graduated from a public school of the Department of Education of Puerto Rico or from a private school authorized to operate according to the Puerto Rico Council of Education or has foreign studies that have been validated as equivalent to a high school diploma according to the Department of Education of Puerto Rico or has passed the GED examinations.
ADDITIONAL ADMISSION REQUIREMENTS Advanced Hairstyling and Design Program
1. Copy of diploma or transcript of credits in Cosmetology or Barbering and Hairstyling Programs of IBC or other duly accredited academic institution of a post-secondary technical level.
2. Copy of diploma or transcript of credits showing the student has graduated from a Cosmetology or Barbering program of a vocational level (secondary or post-secondary) from a vocational school belonging to the Department of Education of Puerto Rico; or a Professional Beauty Specialist or Barber Stylist License.
3. Graduates of Barbering programs who are interested in being admitted to the Advanced Hairstyling and Design program are offered the makeup and chignon modules.
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For the Emergency Medical Technicians – Paramedic, Practical Nursing, Respiratory Care Technician, Surgical Technician, Professional Massage Therapist and Dental Assistant with Expanded Functions programs, candidates for practice or license exams of the Examination Board should present the following documents
1. Certificate of criminal background check dispatched by the Puerto Rico Police. 2. Certificate of health from the Department of Health.
3. Certificate of immunization for Hepatitis B (three doses) and the chicken pox vaccine. In order to be admitted to these programs, the student must sign a letter certifying that s/he has received orientation from the Admissions personnel about these requirements and agrees to comply with said requirements when applying for a center of practice.
The Institution is not responsible if a student is unable to achieve a practice clinic or apply for an exam from the Examinations Board due to non-compliance with any of the requirements previously mentioned.
ADMISSIONS POLICY FOR ADMISSION INTO THE ABILITY TO BENEFIT PROGRAM The Ability to Benefit (ATB) policy allows students enrolled before 1 July 2012 to continue their eligibility for Title IV funds.
Students who may be eligible for Title IV funds under the alternatives of Ability to Benefit are the following:
Students who attended before 1 July 2012, but did not receive the Title IV funds and will continue to attend the same institution without interruption.
Students who attended before 1 July 2012 and withdrew or were discharged and are interested in enrolling after 1 July 2012 in the same institution where they were enrolled.
Students who attended before 1 July 2012 and are interested in enrolling after 1 July 2012 in another institution different from the one in which they were previously enrolled.
Students who were enrolled before 1 July 2012 and withdrew or were discharged and are interested in enrolling after 1 July 2012 in another institution.
Students who did not attend, but were enrolled before 1 July 2012 and are registered to attend the same program in which they were enrolled.
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FINANCIAL AID
The purpose of the Financial Aid Office is to facilitate the financial alternatives available to students to augment their possibilities of covering the costs of their education.
Instituto de Banca y Comercio manages a variety of financial aid programs, such as the Federal Pell Grant, Federal Direct Loan, Federal Supplemental Educational Opportunity Grant and the Federal Work and Study Program.
Additionally, the Institution participates in programs sponsored by federal and state agencies, such as Vocational Rehabilitation, Federal Social Security, Work Investment Act (WIA) and the Supplementary Financial Aid Program and the Merit Grants Program of the Higher Education Council.
The following is a description of the types of financial aid students may apply for.
Federal Pell Grant
The Pell Grant is a financial aid program for post-secondary level students enrolled in Bachelor, Associate Degree, certificate or diploma programs. Applying to this program is essential in order to qualify for other financial aid programs. Eligibility is determined by the use of a standard needs analysis. Application forms are provided free of charge by the US Department of Education and are available in each campus’ Financial Aid Office. They may also be obtained via Internet through this URL:
http://www.fafsa.ed.gov/es_ES.
Federal Supplemental Educational Opportunity Grant
The Federal Supplemental Grant is granted to undergraduate students who demonstrate an exceptional need. In order to apply for this aid, the student must complete the Institutional Financial Aid Application.
Federal Direct Loan
The Federal Direct Loan program is not a grant. Any amounts received through this program are considered a loan which students must re-pay.
Interest rates for this type of Federal Loan are adjusted according to market fluctuations and the value of Federal Reserve bonds. Applications are available in our institutions and via the Web at
www.direct.ed.gov/.
Loan applications are given to students who comply with the requirements specified by the Delinquency Reduction Plan currently in effect.
The Financial Aid Office will evaluate each case based on its merits and will decide for which students it will process the loan.
Federal Work and Study Program
This financial aid program provides work to undergraduate and graduate students.
Student eligibility to this program is determined by a needs analysis. Each campus’ or auxiliary centers’ Financial Aid Office facilitates applications for participation in this program.
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The Educational Opportunities Act (Law 138 of 1999)
Supplementary Financial Aid Programs (FSEOG) and grants for post-secondary students are composed of two (2) types of financial aid for students who are enrolled in post-secondary academic institutions and qualify for said aids. Both are based on the financial needs of qualified students.
The grant program is available for new students in post-secondary institutions who graduated from high school with a grade point average of 3.00 or more.
AVAILABILITY OF FUNDS
The amount assigned to each student will be determined by the institution based on the cost analysis of the student and his/her financial needs. The amount of the aid will never be higher than the financial need. The financial aid assigned under these programs will be used with priority to pay the tuition costs of the institution where the student is enrolled.
CONSEQUENCES OF DEFAULTING ON THESE OBLIGATIONS
If a student who receives funds from these programs does not comply with any of the obligations established by regulation, the Office of Post-secondary Development of the Higher Education Council may suspend his/her participation in the programs and require repayment of the pertinent funds.
STUDENT RIGHTS
Every student enrolled in the institution has the right to know the Satisfactory Academic Progress Policy and its implications on the financial aid received. Likewise, he or she may examine the documents related to accreditations, permits, licenses and operational authorizations. These are available in the Campus Director’s Office.
REFUND POLICY
ASSOCIATE DEGREE PROGRAMS
Instituto de Banca y Comercio manages a refund policy in accordance with the dispositions of the refund policy and the regulations of the Federal Department of Education. The Refund Policy regulates the way in which total tuition costs will be adjusted in the student’s enrollment agreement (Contract), if the student decides to withdraw. The policy establishes that when a student participates in Title IV funds and withdraws from an institution during the payment period during which s/he attended, the institution must determine the amount of Title IV funds the student has earned up to the date s/he withdrew from the program. If the amount of Title IV earned is less than the disbursed amount, the difference between each amount will be reimbursed to the Federal Department of Education. The Financial Aid Office will determine the corresponding amount of grant or the necessary adjustment. Title IV funds included in the calculation are: Direct Loan (subsidized and non-subsidized), Pell Grant, SEOG and State Education Grant.
A student’s withdrawal date is the date in which the student begins the withdrawal process, according to what is established by the Institution; or when a student notifies, verbally or in writing, his/her intention to stop attending class.If the student ceases to attend class without providing the oficial notification to the Institution, then the withdrawal date is the mid-point within the established payment period in his/her program of study.
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Students who withdraw from Associate Degree Programs:a. The seat reservation fee is non-refundable. The tuition cost is refundable if the student processes an official withdrawal.
b. If the student totally cancels an enrollment before or within the late enrollment period, a $100.00 fee will apply.
c. The Tuition Refund policy is directly related to the Refund of Title IV funds Policy, stipulating that:
1) The percentage of the cost of the term earned by the Institution will be calculated from the percentage of Title IV earned on the student’s withdrawal date and the difference will be credited to the student’s account.
2) If the student processes a withdrawl during the period in which the Institution earns 1% to 10% of the Title IV funds, 90% of the tuition costs will be credited to the student’s account.
3) During the following 11% to 20% of Title IV, 80% of the tuition costs will be credited to the student’s account.
4) During the following 21% to 30% of Title IV, 70% of the tuition costs will be credited to the student’s account.
5) During the following 31% to 40% of Title IV, 60% of the tuition costs will be credited to the student’s account.
6) During the following 41% to 50% of Title IV, 50% of the tuition costs will be credited to the student’s account.
7) During the following 51% to 60% of Title IV, 40% of the tuition costs will be credited to the student’s account.
8) After the date in which the Institution has the right to earn 60% of the Title IV funds, the Institution will claim 100% of the Title IV funds and the student will not receive a credit for the concept of a refund to his/her account.
Reimbursement to Title IV will occur during the 45 days after the date the institution determines the termination or withdrawal of the student. Reimbursements to students will be processed during the 14 days following the date in which the student’s account reflects a balance-credit.
Recess periods of five (5) days or more will not be included in the days earned for purposes of the refund policy.
Refunds will be granted in the following order: Direct Loan, Pell, FSEOG, and the State Financial Aid Programs.
If the student stops attending without providing official notice to the institution, then the withdrawal date is the mid-point within the establish pay period of his/her program of study.
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DIPLOMA PROGRAMS
Instituto de Banca y Comercio manages a refund policy in accordance with the dispositions of the refund policy and the regulations of the Federal Department of Education. The Refund Policy regulates the way in which total tuition costs will be adjusted in the student’s enrollment agreement (Contract), if the student decides to withdraw. The policy establishes that when a student participates in Title IV funds and withdraws from an institution during the payment period during which s/he attended, the institution must determine the amount of Title IV funds the student has earned up to the date s/he withdrew from the program. If the amount of Title IV earned is less than the disbursed amount, the difference between each amount will be reimbursed to the Federal Department of Education. The Financial Aid Office will determine the corresponding amount of grant or the necessary adjustment. Title IV funds included in the calculation are: Direct Loan (subsidized and non-subsidized), Pell Grant, SEOG and State Education Grant.
A student’s withdrawal date is the date in which the student begins the withdrawal process, according to what is established by the Institution; or when a student notifies, verbally or in writing, his/her intention to stop attending class. If a student ceases to attend without providing the official notification to the Insitution, then the withdrawal date is the last date when the student attended class. Students that officially enroll in Instituto de Banca y Comercio and later withdraw completely will have the following refund terms or credits apply to their account.
Students who withdraw from 48-week courses:
a. When the student withdraws, the policy will consider the total cost of the program.
b. The adjustment will reflect on the account as a credit for the difference between the total tuition cost and the amount paid to the Institution. Adjustments are made based on the amount of days that have elapsed during the payment period.
c. The seat reservation fee is non-refundable. The enrollment fee is refundable if the student processes an official withdrawal during the first week of school.
d. During the first week of school, students will be eligible for a 100% refund or credit to their account, except for $100.00 of the enrollment cost.
e. During weeks two and four, they will receive a 90% refund. f. During weeks five and nine, they will receive an 80% refund. g. During weeks ten and fourteen, they will receive a 70% refund. h. During weeks fifteen and nineteen, they will receive a 60% refund. i. During weeks twenty and twenty-four, they will receive a 50% refund. j. During weeks twenty-five and twenty-eight, they will receive a 40% refund.
k. After the twenty-eighth week and up to the end of the course, they will not be eligible for a refund or credit to their account.
Students who withdraw from a 32-week course:
b. When a student withdraws, the policy will consider the total tuition cost of the program.
c. The adjustment will be reflected in the account as a credit for the difference between the total tuition cost and the amount paid to the Insitution. Adjustments are made based on the amount of days that have elapsed during the payment period.
d. The seat reservation fee is non-refundable. Tuition costs are refundable if the student processes a withdrawal.
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e. During the first week of school, students will be eligible for a 100% refund or credit to their account, except for $100.00 of the enrollment cost.
f. During weeks two and three, they will receive a 90% refund. g. During weeks four and six, they will receive an 80% refund. h. During weeks seven and ten, they will receive a 70% refund. i. During weeks eleven and thirteen, they will receive a 60% refund. j. During weeks fourteen and sixteen, they will receive a 50% refund. k. During weeks seventeen and nineteen, they will receive a 40% refund.
l. After the twentieth week and up to the end of the course, they will not be eligible for a refund or credit to their account.
PAYMENT METHOD AND FREQUENCY ASSOCIATE DEGREE PROGRAMS
Financial aid assigned annually will be divided or disbursed in three annual payments; each payment corresponds to one term. The payment period will be equivalent to the academic term; the academic year will consist of a minimum of 30 weeks. One instructional week will be equivalent to any 7-day consecutive period in which at least one day of regular classes, exams or their reviews are offered.
Credit of payments to student accounts will take effect in the following way:
1. One payment for each term to be credited at the end of the late enrollment period or the maximum term authorized for the addition or elimination of courses.
2. After the authorized period for adding or eliminating courses; partial withdrawals will not affect the number of enrollment credits. The student’s account will not be affected by changes in the number of credits.
3. After the period for adding or eliminating courses, a determination of whether the student is a full-time, ¾ parts or part-time student will be made.
4. A student will be considered as having attended class if s/he attends at least one day of class for each course in which s/he is enrolled.
5. Students that do not attend any of their classes, refer to the Enrollment Cancellation Policy. The Institution will not make changes to the enrollment status (full-time, ¾-time, or part-time) during the course of the term if the regulatory period for adding or eliminating courses has passed.
If a student changes his/her enrollment status between terms, then the Institution will recalculate the student’s financial aid in relation to his/her new status and will recalculate the total cost of admissions (COA).
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REGISTRAR
The Registrar’s Office of each campus keeps its students’ academic records. It is responsible for the enrollment and registration of course programs and the dispatch of students’ credit transcripts, certifications, academic progress reports and diplomas.
CONSECUTIVE ABSENCES AND ADMINISTRATIVE WITHDRAWALS
When a student is absent two (2) consecutive times to one or more of his/her courses, his/her professors will notify the Counselor’s Office. The Counselor and/or Retention Coordinator will contact the student via telephone or letter and will proceed to schedule him/her for an appointment in his/her office. If the student does not respond or attend the appointment, the applicable partial or total administrative withdrawal will be processed against the student. The absent student has the right to be readmitted to class after presenting and explaining his/her reason for absence to one of the following officers:
1. Counselor – studies the case, approves and issues the readmission to class document. 2. Professor – the last professor to sign the document will return it to the Counselor’s Office.
No student will be readmitted to class without having gone through the readmission process after having been reported to counseling. If a student is absent for 14 consecutive days (including Saturdays, Sundays and holidays), this will be considered as an unauthorized abandonment of the training and the Registrar’s Office will immediately process the applicable partial or total administrative withdrawal, retroactive to his/her last day of attendance.
ADDRESS CHANGE
Students must submit evidence of their mailing address. Students are responsible for updating this information. All address changes must be notified to the Registrar’s Office or via electronic mail on the Instituto de Banca y Comercio portal. The institution is not responsible for official notices that are not received.
PROGRAM CHANGES
Students may request a program change at the end of the first term by presenting the corresponding form in the Registrar’s Office. Program changes are approved by the campus’ Academic director.
GRADUATION CERTIFICATE AND CREDIT TRANSCRIPTS
Students who meet graduation requirements and have no debt with the Instituion may request a transcript or certification with final grades, free of charge, from the Registrar’s Office. Additional copies have a cost of $2 each.
No official document will be granted until the student has complied with all of the institution’s academic, administrative and financial requirements.
