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ENTRANCE AND EXIT COUNSELING
All students taking out Direct Subsidized Loans or Direct Unsubsidized Loans are required to complete entrance and
exit counseling.

Students that are enrolling in school must complete entrance counseling before the first disbursement of loan money
can be made. The goal of entrance counseling is to help you understand what it means to take out federal student
loans.

Students that are graduating or withdrawing from school must complete exit counseling. Exit counseling provides
important information you will need as you prepare to repay your federal student loans, and also provides
information on deferment, forbearance, and cancellation options.

All entrance and exit counseling will be completed on the Federal Student Aid website found at
www.studentloans.gov.

Every financial aid recipient is required to have a meeting with the PB Cosmetology Education Center Financial Aid
Advisor upon enrolling and separating from the school. At this time, the student is provided with information to
guide them through the entrance/exit counseling process. It is the borrower’s obligation to complete the entrance and
exit counseling. The Financial Aid Advisor is available by appointment to help the student borrower in this process
and to answer any questions.

REFUND POLICY

A. Enrollment time is defined as the time elapsed between the actual start date and the date of the
student’s last day of physical attendance in the school. School scheduled vacation periods are not
included as enrollment time. PB Cosmetology Education Centre reserves the right to amend this refund
policy in order to comply with the new regulations which may be issued by government regulatory
agencies. For applicants who cancel enrollment or students who withdraw from enrollment in a fair
and equitable settlement will apply. The following policy will apply to all termination for any reason,
by either party, including student decision, course or program cancellation, or school closure.

B. Any monies due to applicant or student shall be refunded within 45 days of official cancellation or
withdrawal. Official cancellation or withdrawal shall occur on the earlier of the dates that:
1. An applicant is not accepted by the school. This applicant
Shall be entitled to a refund of all monies paid.
2. A student (or in the case of a student under legal age, his/her parent or guardian) cancels his/her
contract and demands his/her money back in writing, within three business days of the signing of
the enrollment agreement or contract. In this case, all monies collected by the school shall be
refunded, less the application fee of $100.00. This policy applies regardless of whether or not the
student has actually started training.
3. A student cancels his/her contract after three business days after signing, but prior to entering
classes. In this case, he/she shall be entitled to a refund of all monies paid to the school less the
application fee of $100.00.
4. The student has the right to cancel the enrollment agreement and obtain a full refund of charges paid
through attendance on the fifth-class session, or the fifth day after enrollment, whichever is later
less the application fee of $100.00.
4. A student notifies the institution of his/her withdrawal.
5. A student on an approved Leave of Absence notifies the institution that he/she will not be
returning. The date of withdrawal determination shall be the earlier of the scheduled date of return
from the Leave of Absence, or the date the student notifies the institution that the student will not
be returning.
6. A student is expelled by the School.
7. If the school closes, cancels or discontinues a program, the student who has not started classes will
receive a full refund of all monies paid. If a course is cancelled and ceases to offer instruction after

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