Sec.10a-22k-14. Refund or cancellation policy

(a) A school shall have a reasonable and equitable written policy for refund or cancellation of tuition or other fees and shall make said policy available to all prospective students, their parents or guardians, or interested public. A school shall state its policy and schedule of refunds in clear language that can be easily understood. The policy shall apply to all terminations, for any reason, by either the school or the student.

(b) In all instances, the refund shall be based on and computed from the last day of actual verifiable attendance. A school shall not require written notification of withdrawal as a condition for making refunds. A school shall uniformly apply the refund or cancellation policy and shall incorporate said policy within its enrollment agreement and catalog.

(Effective August 24, 1987; Transferred and AmendedJuly 25, 1997)