FINANCIAL PLANNING STUDENT RIGHTS

Students have the right to know:
(I) Types of payment plans available at Cosmetica Beauty and Barbering Academy,
(2) The basis for eligibility and the process of fulfilling these needs.
(3) The refund policy of the Institution, including the pro rata refund policy. This information is available at the Financial Planning Department and contained within this catalog.

WITHDRAWAL PROCEDURES

For purposes of processing student withdrawals and calculating refunds or balances owed to the Institution, Cosmetica Beauty and Barbering Academy uses the student’s last day of attendance in The Institution Refund calculations described in the “Cancellation, Withdrawal, and Refund Policy” sections of this catalog. Students who withdraw and re-enter will be charged tuition at the contractual rate before withdrawal for six months. After this, the current rate will be charged.

CANCELLATION, WITHDRAWAL, REFUND POLICY

NOTICE OF STUDENTS RIGHTS AND OBLIGATIONS:
STUDENT’S RIGHT TO CANCEL:

The student has the right to cancel the enrollment agreement and obtain a refund of charges paid through attendance at the first class session (first day of classes), or the seventh day after enrollment (seven days from the date when enrollment agreement was signed), whichever is later.
The notice of cancellation shall be in writing and submitted directly to the Financial Aid Office, a withdrawal may be initiated by the student’s written notice or by the institution due to student’s academics or conduct, including, but not necessarily limited to, a student’s lack of attendance.
Refund Policy:
After the cancellation period, the institution provides a pro rata refund of ALL funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more than 60 percent of the enrollment period in the entire course has elapsed (including absences), there will be no refund to the student. If the student has received federal student financial aid funds, the student is entitled to a refund of monies not paid from federal student financial aid program funds.
A registration fee of $75.00 is a non- refundable item. Equipment, books, supplies, tools, uniforms, kits and any other items issued and received by the student would not be returnable. Once received by the student it will belong to the student and will represent a liability to the student.
If you cancel the agreement, the school will refund any money that you paid, less any deduction for registration fee and equipment received. If you withdraw from school after the cancellation period, the refund policy described above will apply. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. See Refunds section below. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange with the institution to pay that balance. Official withdrawal date is on the student’s notification or school’s determination. You do not cancel the contract by just not attending classes.

Determination of withdrawal from school:

The withdrawal date shall be the last date of recorded attendance. The student would be determined to have withdrawn from academy on the earliest of:
If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 30 days of the official withdrawal.
If the amount that you owe is more than the amount that you have already paid, then you will have to arrange to pay it.
Official withdrawal date is on the student’s notification or Institution’s determination.
If the student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur:
(1) The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax
refund to which the person is entitled, to reduce the balance owed on the loan.
(2) The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid.

Hypothetical refund example according to the state prorata policy.

Assume that a student, upon enrollment in a 1,600-hour course, pays $6,800.00 for tuition, $100.00 for registration, and $500.00, (documented cost to the Institution) for equipment as specified in the enrollment agreement and withdraws after 600 hours into the course (this includes class days not attended by the student) without returning (due to sanitary reasons) the equipment he/she obtained. The prorata refund to the student would be $4,750.00 based on the calculation stated below. If the student returns the-equipment (if it was returnable) in good condition within 30 days following his/her withdrawal, the Institution would refund the charge for the equipment returned.

Total paid

$7,400.00

 

Tuition

$6,800.00

 

Paid for Instruction

$6,800.00

Less registration fee

(not-refundable)

100.00

Hours in the course

1,600

Hours attended

600

Less cost of       Non-returnable equipment

500.00

Hourly charge

4.25

Tuition owed 600 x $4.25

$2,550.00

Equals amount paid for instruction

$6,800.00

 

 

Refund due

$4,250.00

 

Determination of withdrawal from Institution:

The withdrawal date shall be the last date of recorded attendance. The student would be determined to have witdrawn from Institution on the earliest of:
– The date you notify the Financial/Accounting Office of your intent to withdraw. Only the Financial/Accounting Office would be authorized to accept a notification of your intent to withdraw.
– The date the Institution terminates your enrollment due to academic failure or for violation of its rules and policies stated in the catalog.
– The date you fail to attend classes for a two-week period and fail to inform the Institution that you are not withdrawing.

For California Schools:

If you are absent for two consecutive weeks and are not on an approved leave of absence, you will be deemed a withdrawal even though you have indicated that you were not withdrawing.The date you failed to return as scheduled from an approved leave of absence. The withdrawal date shall be the last date of recorded attendance. The date of the determnation of withdrawal will be the scheduled date of return from LOA.

Course Cancellation:

If a course is canceled subsequent to a student’s enrollment and before instruction in the course has begun, the Institution shall at its option:
1. Provide a full refund of all money paid; or
2. Provide for completion of the course at Institutions in the neighborhood.

Institution Closure:

If the Institution closes subsequent to a student’s enrollment and before instruction in the course has begun, the Institution shall at its option:
1. Provide a full refund of all money paid; or
2. Provide for completion of the course at Institutions in the neighborhood.Return Policy for Kits When a student purchases a cosmetology, barbering, manicuring, or esthetician kit, the sale is final. There are no refunds on kits and textbooks.

TUITION CHARGES

 

COURSE

TUITION

REG. FEES

NON-REFUNDABLE

BOOKS/ SUPPLIES/ EQUIPMENT

NON-REFUNDABLE

STRF

NON-REFUNDABLE

UNIFORMS /OTHER CHARGES

NON-REFUNDABLE

HOURLY RATE

TOTAL CHARGES

COSMETOLOGY

7,840.00

75.00

1,700.00

0.00

0.00

4.90

$9,615.00

BARBERING

6,750.00

75.00

1,100.00

0.00

0.00

4.50

$7,925.00

ESTHETICIAN

4,740.00

75.00

950.00

0.00

0.00

7.90

$5,765.00

MANICURIST

1,700.00

75.00

575.00

0.00

0.00

4.25

$2,350.00

COSMO CROSS-OVER

1,920.00

75.00

350.00

0.00

0.00

6.40

$2,345.00

BARBER CROSS-OVER

1,700.00

75.00

350.00

0.00

0.00

8.50

$2,125.00

If the student obtain a loan to pay for an educational program, the student, will have to repay the full amount of the loan plus interest, less the amount of any refund, and that, if the student, receives federal student financial aid funds, the student is entitled to a refund of the money not paid from federal financial aid funds.

BASED ON THE PROGRAM OF STUDY:

PROGRAM TO BE ATTENDED: ___________________
TOTAL CHARGES FOR THE CURRENT PERIOD OF ATTENDANCE. ___________________
ESTIMATED TOTAL CHARGES FOR THE ENTIRE EDUCATIONAL PROGRAM. ___________________
TOTAL CHARGES THE STUDENT IS OBLIGATED TO PAY UPON ENROLLMENT. ___________________
Extra Tuition will be charged for those students who exceed the term of their contract.
The extra tuition is charged on an hourly rate multiplied by the remaining hours required to complete the course.
The calculation is illustrated below.100 Hours X $ 4.50 = $450.00

STATE OF CALIFORNIA STUDENT TUITION RECOVERY FUND (STRF)

“You must pay the state-imposed assessment for the Student Tuition Recovery Fund (STRF) if all of the following applies to you:
1. You are a student in an educational program, who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and
2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party.
You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies:
1. You are not a California resident, or are not enrolled in a residency program, or
2. Your total charges are paid by a third party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party.”

“The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency programs attending certain schools regulated by the Bureau for Private Postsecondary and Vocational Education.
You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following:
The school closed before the course of instruction was completed.
The school’s failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school.
The school’s failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other costs.
There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau.
An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act.”

Questions regarding the STRF may be directed to:

Bureau for Private Postsecondary Education
2535 Capitol Oaks Drive. Suite 400 or PO BOX 980818, Sacramento, CA 95833 West Sacramento, CA 95798-0818
Phone N. (916) 431-6959 Toll Free (888) 370-7589 Fax. No. (916) 263-1897