2023-2024 FINANCIAL POLICY AGREEMENT
The National Hispanic Institute (NHI) is a tax exempt, private 501(c) 3 non-profit organization that provides educational service in leadership development. Its offices are located at 472 FM 1966, Maxwell, Texas, USA, about 26 miles southeast of Austin. NHI does not depend on public or private grants. The majority of its funding comes from the student registration fees paid by parents or local community sponsors. To keep these fees within reach of most family and community capacities, the Institute also relies heavily on student and adult volunteers and the generosity of host colleges and universities that realize the value of the training and services NHI students receive. For most students, the NHI experience occurs during the summer months. However, much of the work in preparing the programs occurs over the course of the year. In order to adequately plan and prepare for the programs, NHI has developed the following policies regarding student registration fees:
1) 2023-2024 Application Fee
a. All students must submit a $25 non-refundable application fee online for an NHI program in order to be reviewed for admission. Please visit www.nationalhispanicinstitute.org to submit your program application or download a physical copy.
b. Because NHI begins to service students upon applying to the program (reservations with universities, hotels, program materials and supplies orders, etc.), the $25 application fee and $150 deposit are non-refundable.
2) Summer 2024 Deposit and Tuition Payments
a. Once a student has been accepted, the family will be asked to submit a $150 non-refundable security deposit ten (10) days from the acceptance date to secure their spot in the program.
b. Early admission applicants (apply by Oct. 20, 2023) may pay the balance of their tuition by their designated tuition deadline or payment plan deadline.
c. Regular admission applicants (apply by Nov. 20, 2023) may pay the balance of their tuition by their designated tuition deadline or payment plan deadline.
d. Winter admissions applicants (apply by December 20, 2023) will be accepted on a space available basis and will have shortened payment deadlines.
3) Payment Plans
NHI's program admission letter offers families the option of breaking up lump sum tuition balances into smaller payment amounts through the assigned tuition deadline. For questions, write to email@example.com with the student's full name.
Families that need an extension beyond the tuition deadline should write to firstname.lastname@example.org with the student's full name as soon as possible. Extension plans must satisfy a portion of the payments before the student's assigned tuition deadline, and are not guaranteed. Plans can only be built by NHI headquarters.
5) 2024 Withdrawal and Refund Policy
If a student is unable to attend her/his/their 2024 Program, please note that expenditures have already been made by NHI in staff time, developing a record, materials/supplies orders, communications, reservations with universities, etc. With the exception of the $25 application fee and $150 deposit, limited refunds are issued within the timelines available in the signature section of this document. Students who may not attend have the option of transferring their tuition credit to a different program during the same summer, or transferring their credit to the following summer.
6) Third Party Tuition Sponsorship or Donation
a. If a student’s registration was paid by a third party (school district, non-profit organization, or sponsor) and the student withdraws from the program, the third party donor may transfer that program tuition (less the $25 application fee, $150 deposit) to an alternate student in the same program year, provided that the alternate meets the requirements for admission to an NHI program and there is space. Any unused funds by third parties will be placed into NHI’s Hispanic Youth Fund for a student with financial need and reported as a donation.
b. Students who confirm their attendance and are no-shows will not be able to access refunds for their sponsors/donors. Questions may be directed to email@example.com.