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students have enrolled and instruction has begun, the school shall provide a pro rata refund for all
students transferring to another school based on the hours accepted by the receiving school.

In type 2, 3, or 4 official cancellations or withdrawals, the cancellation date will be determined by the postmark on
written notification, or the date said information is delivered to the School Administrator/Director in person. This
policy applies regardless of whether the student has actually started training.

C. Any monies due a student who unofficially withdraws from the institution shall be refunded within 45 days of
determination by the institution that the student has withdrawn without notifying the institution. Unofficial
withdrawals for clock hour students are monitored and determined by the school through monitoring clock hour
attendance at least every 30 days. Students who are not in attendance for 14 consecutive calendar days will
automatically be terminated by the school. Attendance is monitored on a daily basis. For students who
unofficially withdraw, the withdrawal date will be 14 consecutive calendar days from the last date of
attendance.

D. For students who enroll in and begin classes, the following schedule of tuition adjustments will be
followed:

PERCENTAGE TIME TO AMOUNT OF TOTAL TUITION
TOTAL TIME OF COURSE OWED TO THE SCHOOL
0.01% TO 4.9% 20%
5% TO 9.9% 30%
10% TO 14.9% 40%
15% TO 24.9% 45%
25% TO 49.9% 70%
50% and over 100%

All refunds will be calculated based on the students last date of attendance.

E. All extra costs of textbooks, kits and training materials not included in the tuition price, which is stated
in the catalog and contract, are non-refundable items.

F. A termination fee of $100 will be applied.

G. Any supplemental loans other than Federal Loans will be treated as cash payments.

H. Financial Aid Student Withdraw Policy: Return of Title IV Funds (Effective 10/7/2000) Students
enrolled in the Cosmetology, Skin Care or Barbering Specialty Programs and who received assistance
from the Federal Title IV programs, are subject to a special withdrawal policy or Return of Title IV
Funds when they terminate from school, as per Federal Regulations. Federal Aid is based on payment
periods (0-450, 451-900, 901-1200 for Cosmetology, and 0-300 & 301-600 for Skin Care Specialty).
When a student terminates from school, the school must determine what aid the school is entitled to
retain by determining what percentage of aid the student earned. This calculation is based on; 1) in
which payment period did the student terminate from school, and 2) the number of hours that were
completed in that period. Any payment period in which less then 60% was completed, the school can
only retain the exact percentage of aid earned, and must refund the remaining amount. If 60% or more
was completed of a payment period, the school is entitled to retain 100% of the aid received. Federal
Regulations require the return of Title IV funds in the following order, if applicable; Unsubsidized
loans, Subsidized loans, Perkins loans, Plus loans, Pell Grants, SEOG or other Title IV, within (45)
days of the last date of attendance. In the case of a leave of absence, the refund shall not exceed thirty
(30) days from the date of documented return.

Under the Federal Regulations, once the Return of Title IV Funds policy has been applied, the school
may then apply their Institutional Refund Policy and charge for unpaid portions of their schooling.

I. Refund examples are available in the Financial Aid Office.

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