Financial
Payment Policy
1) Students should pay the tuition in full at registration each semester. But based on the School’s surety bond, they maybe eligible to pay the tuition evenly at the beginning of each 5-weeks period of the semester. Once a student is eligible to pay his tuition evenly in four installments for his first semester, he will be qualified to pay the tuitions the same way throughout his entire program.
2) However, the School reserves its right to increase its surety bond at any time, and does not guarantee that every student maybe eligible to pay his tuition in four installments for his first semester.
3) Students should pay the registration fee and miscellaneous fee (and others fees, if any) in full at registration.
4) Students who do not complete their installment contracts are ineligible to register for the following semester, graduate, or receive transcripts of academic credits. Besides, they will be charged an additional 1 % of interest per week of the remaining unpaid balance for each late installment.
Refund & Cancellation Policy
1) The refund and cancellation policies are based upon fairness to students and to the School. Any student not accepted to the School is entitled to a refund of all monies paid.
2) Each student has a 3-day cancellation right except when he/ she has started training.
3) If students cancelled this contract within three-business days after signing up, but no less than three-business days before the training started, are entitled to a full refund.
4) If any cancellation is made in less than three-business days prior to beginning of program, there is a maximum cancellation charge of $200.00 or 10% of the contract price whichever is less.
5) In the case of the students withdrawing after commencement of classes, the School will retain a cancellation charge plus a percentage of tuition and fees, which is based on the percentage of contact hours for both residential training and correspondence courses. And., the refund is based on the last date of recorded attendance.
6) The refund formula including cancellation charge is consistent with statute as following:
| A student terminating training | is entitled to a refund of: |
Within first 10 % of program, time based. |
90% less cancellation charge |
| After 10 % but within first 25 % of program (lessons) | 75% less cancellation charge |
| After 25 % but within first 50 % of program (lessons) | 50% less cancellation charge |
| After 50 % but within first 75 % of program (lessons) | 25% less cancellation charge |
| After 75 % (if paid in full, cancellation charge is not applicable) | No refund |
All refunds will be made within 30 days from the date of termination, and the official date of termination or withdrawal of a student shall be determined in the following manner:
1) The date on which the School receives notice of the student’s intention to discontinue the training program, or the date on which the student violates published school policy, which provides for termination.
2) Should a student fail to return from an excused leave of absence, the effective date of termination for a student on an extended leave of absence or a leave of absence is the earlier of the date the School determines the student is not returning or the day following the expected return date.
3) The student will receive a full refund of tuition and fees paid if the school discontinues a course/ program within a period of time a student could have reasonably completed it, except that this provision shall not apply in the event the School ceases operation.
4) Complaints, which cannot be resolved by direct negotiation between the student and the School, may be filed with the Division of Private Occupational School of the Colorado Department of Higher Education, 1380 Lawrence St., Suite 1200, Denver, CO 80204, (303) 894-2960. * There is a two-year limitation on the Division taking action on student complaints.
5) The policy for the granting of credit for previous training shall not impact the refund policy.
If any refund should be made to a student, the School would start the procedures within three-business days. However, any books checked out by the said-student should be returned to the School within two weeks. Also, if any damages to the School facilities, or injuries to any other students or faculties caused by him or her as a result, it should be evaluated and recovered before an appropriate amount of refund is issued to him or her.
Cancelled Classes
If the course is not commenced, or the student fails to attend by the new start date set forth in the agreement, the student will be entitled to an appropriate refund of prepaid tuition and fees within 30 days of the deadline of the new start date set forth in the agreement, determined in accordance with the School’s refund policy and all applicable laws and rules concerning the Private Occupational Education Act of 1981.
