1. When notice of cancellation is given before midnight of the fifth business day after the date of enrollment but prior to the first day of class, all application-registration fees, tuition, and any other charges shall be refunded to the student.

2. When notice of cancellation is given after midnight of the fifth business day following acceptance but prior to the close of business on the student’s first day of class, the school may retain no more than the application-registration fee which may not exceed $150 or 50% of the cost of tuition, whichever is less.

3. When notice of cancellation is given after the student’s completion of the first day of class but prior to the student’s completion of 5% of the course of instruction, the school may retain the application-registration fee, an amount not to exceed 10% of the tuition and other instructional charges or $300, whichever is less, and, subject to the limitations of paragraph 12 of this Section, the cost of any books or materials which have been provided by the school.

4. When a student has completed more than 5% of the course of instruction, the school may retain the application-registration fee but shall refund a part of the tuition and other instructional charges in accordance with whichever of the following applies:

a. All other schools regulated under this Section may retain an amount prorated by days in class plus 10% of tuition and other instructional charges up to completion of 60% of the course of instruction.

b. When the student has completed more than 60% of the course of instruction, the school may retain the application/registration fee and the entire tuition and other charges.

5. Applicants not accepted by the school shall receive a refund of all tuition and fees paid within 30 calendar days after the determination of non-acceptance is made

6. Application-registration fees shall be chargeable at initial enrollment and shall not exceed $150 or 50% of the cost of tuition, whichever is less.

7. Deposits or down payments shall become part of the tuition.

8. The school shall mail a written acknowledgment of a student’s cancellation or written withdrawal to the student within 15 calendar days of the postmark date of notification. Such written acknowledgment is not necessary if a refund has been mailed to the student within the 15 calendar days

9. All student refunds shall be made by the school within 30 calendar days from the date of receipt of the student’s cancellation.

10. A student may give notice of cancellation to the school in writing. The unexplained absence of a student from a school for more than 15 school days shall constitute constructive notice of cancellation to the school. For purposes of cancellation the date shall be the last day of attendance.

11. A school may make refunds which exceed those prescribed in this Section. If the school has a refund policy that returns more money to a student than those policies prescribed in this Section, that refund policy must be filed with the Superintendent.

12. School shall refund all monies paid to it in any of the following circumstances:

a. The school did not provide the prospective student with a copy of the student’s valid enrollment agreement and a current catalog or bulletin

b. The school cancels or discontinues the course of instruction in which the student has enrolled

c. The school fails to conduct classes on days or times scheduled, detrimentally affecting the student.

13. A school must refund any book and material fees when:

a. The book and materials are returned to the school unmarked; and

b. The student has provided the school with a notice of cancellations