Northern California Institute of Cosmetology, Inc.

REFUND POLICY – NOTICE OF CANCELLATION

        I.            For applicants who cancel enrollment or students who withdraw from enrollment a fair and equitable settlement will apply.  Applicants not accepted by the school shall be refunded all monies paid to the school.  If student (or in the case of student under legal age, his/her parent or guardian) cancels the enrollment in writing within three business days of signing the enrollment agreement, all monies collected by the school will be refunded even if the student has begun classes.  The “formal cancellation date” will be determined by the postmark on written notification, the date said notification is delivered to the school in person, the date of expulsion by the school, or 30 days after the last day of attendance or the expiration date of an approved Leave of Absence.

      II.            If a student cancels the enrollment more than three business days after signing the contract but prior to starting classes, a refund of all monies paid to the school less the registration fee in the amount of $100 will be made.  For students who enroll and begin classes but withdraw prior to course completion (after three business days of signing the contract), the following schedule of tuition earned by the school applies:  (Calculations based on scheduled hours at last day of attendance.)

PERCENT OF SCHEDULED TIME              TOTAL TUITION SCHOOL

ENROLLED TO TOTAL COURSE               SHALL RECEIVE / RETAIN

0.01% to 04.9%                                           20%

5% to 09.9%                                                  30%

10% to 14.9%                                                 40%

15% to 24.9%                                                 45%

25% to 49.9%                                                70%

50% and over                                              100%

    III.            Any monies due the applicant or student shall be refunded within 45 days of formal cancellation date as defined above.  In the case of disabling illness or injury, death in the student’s immediate family or other documented mitigating circumstances, a reasonable and fair refund settlement will be made.  If permanently closed or no longer offering instruction after a student has enrolled, the school will provide a pro rata refund of tuition to the student.  If the course is cancelled subsequent to a student’s enrollment, the school will either provide a full refund of all monies paid or completion of the course at a later time.  The school does not participate in any teach-out plans with other institutions.

    IV.            Students who withdraw or terminate prior to course completion are charged a cancellation or administrative fee of $150.00.  This refund policy applies to tuition and fees charged in the enrollment agreement.  Other miscellaneous charges the student may have incurred at the institution (Ex: extra kit materials, books, products, unreturned school property, etc.) will be calculated separately at the time of withdrawal.  All fees are identified in the catalog and in this enrollment agreement.

      V.            If a Title IV financial aid recipient withdraws prior to course completion, a calculation for return of TIV funds will be completed any applicable returns by the school shall be paid, as applicable, first to unsubsidized Federal Stafford Student Loan Program; second to subsidized assistance programs; and last to the student.  After all applicable returns to TIV aid have been made, this refund policy will apply to determine the amount earned by the school and owed by the student.  If the student has received personal payments of Title IV aid, he/she may be required to refund the aid to the applicable program.

STUDENT TUITION RECOVERY FUND

• The student is responsible for paying the state assessment amount for the Student Tuition Recovery Fund which is $2.50 per $1,000 of tuition paid.

• If you are not a resident of California or if your entire tuition and fees are paid for by a third party organization such as a Job Training Partnership Act agency, a Regional Occupational Program or Center, a Private Industry Council, or a vocational rehabilitation program, you are not eligible for protection under, and recovery from the Student Tuition Recovery Fund.