Refund in the Event Qualified Beneficiary Graduates With Unused Contract Hours

Refund in the Event Qualified Beneficiary Graduates With Unused Contract Hours. If the Qualified Beneficiary achieves a baccalaureate degree in fewer than the maximum number of credit hours guaranteed under an MPACT Contract and/or in fewer than the number of academic terms for which payment of Mandatory Fees is guaranteed under the Contract, the Purchaser may request a refund of the Redemption Value as defined in Rule 5.1AA. Such requests must be in writing and include appropriate written documentation, acceptable to the State Treasurer.