29. Student Time-Based Course Financial Refund

To encourage students to study harder and faster as well as to give all students an opportunity to get a reduced cost education, educational institutions should be encouraged to offer refunds to students for a portion of the cost of a course based on how fast the student successfully finished the course. For example, if the average time required to complete a given course is 2 months, and a student completes it with a passing grade in 75% of this average time (i.e., 6 weeks), that student would receive a refund of perhaps 5% of the total cost of the course. If the student finishes the course in 50% of the average time (4 weeks), then perhaps a 10% refund could be claimed. This course finished in only 2 weeks (25% of the average time), could entitle the student to a 15% refund.

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