Bon Losee Academy

1. An applicant not accepted by the Academy will be entitled to a refund of all monies paid.



2. If a student cancels (or in case of a student under legal age, his/her parent or guardian) his/her enrollment and demands his/her money back in writing, within three business days of the date of the signing of the enrollment contract, all monies collected by the Academy will be refunded. The cancellation date will be determined by the postmark on written notification, or the date the information is delivered to the Academy administration in person. This policy applies regardless of whether or not the student has actually started training.



3. If a student cancels his/her enrollment after three business days after signing the enrollment contract, but prior to entering classes, he/she will be entitled to a refund of all monies paid to the Academy, less an application fee.



4. If a student cancels his/ her enrollment after entering classes, or otherwise leaves school prior to graduation, the Academy will be entitled to retain or receive a tuition amount calculated according to the following:
   
   

   Percentage of enrollment time in relation to 2000 /1200 / 600 scheduled hours	Amount of Total Tuition Academy will Receive or Retain
   .01% to 4.9% 5% to 9.9% 10% to 14.9% 15% to 24.9% 25% to 49.9% 50% or More	20% 30% 40% 45% 70% 100%

   
   (Transfer students will be figured on a pro-rata basis.)
   
   For first-time students receiving Title IV funds, (Financial Aid), the following applies: 1) If a refund is owed and the student received any financial aid that was applied to the payment of tuition and fees, the refund due will first be paid to the financial aid programs, then, if applicable, to the student. Federal regulations require that any refund due be first allocated to the Title IV Programs. 2) The Federal share is calculated according to federal requirements and policies which could result in the student owing the school money. (Policies governing refunds and repayments of Title IV funds are available in the Financial Aid Office.) 3) Federal regulations are subject to change. Federal regulations in effect at the time of the refund shall govern. Enrollment time is defined as the time elapsed between the actual starting date and the date of the student's last date of physical attendance in the Academy. Any monies due to the student will be refunded within 30 days of formal cancellation as defined in #2, or formal termination by the Academy. Termination will occur no more than 30 days from the last day of physical attendance, or in the case of a leave of absence, the documented date of return.


5. Additional costs to the student, identified in the enrollment contract, such as supplies and equipment will not be considered in tuition refund computations. (Federal regulations govern financial aid students and will be followed if applicable.) Supplies and equipment purchased from Bon Losee Academy are non-refundable and non-returnable. Supplies and equipment will not be released until all financial obligations have been paid in full.



6. If a student withdraws from the Academy prior to completion or is terminated for excessive infractions of the rules and regulations a $125.00 withdrawal or termination fee will be charged. (See rules and regulations for grounds for termination.)



7. If the Academy is permanently closed and no longer offering instruction after a student has enrolled, the student will be entitled to a pro-rata refund of tuition. If a course is canceled subsequent to a student's enrollment the Academy will, at its option, provide either a full refund of all monies paid or provide completions of the course. Federal regulations govern refund calculations for all Financial Aid Students. These regulations are subject to change. A student has the right to appeal their refund calculations. To appeal a decision the student must submit all pertinent facts and information in writing within 10 days of determination to the Academy administration. A final determination will be made within 30 days. All decisions will be final.