Schedule of Withdrawal Refunds, 1995-96 

                    Percent Refunded

                                     First         Second
        Fall           Spring        Summer        Summer
%       Term           Term          Term          Term
----------------------------------------------------------
100     Through        Through       Through       Through
        Aug. 26        Jan. 15       June 1        July 6

80      Aug. 28-       Jan. 16-      June 3-5      July 8-10
        Sept. 1        Jan. 22

70      Sept. 5-11     Jan. 23-29    None          None

50      Sept. 12-18    Jan. 30-      June 6-11     July 11-
                       Feb. 5                      July 16

25      Sept. 19-25    Feb. 6-12     None          None