STUDENT’S RIGHT TO CANCEL
Institution shall refund 100 percent of the amount paid for institutional charges, less the Application Fee, if notice of cancellation is made through attendance at the first class session, or the seventh class day after enrollment, whichever is later.
Cancellation shall occur on the date and time when Nobel School of Business received student’s notification. Notification can be done in person, mail, or email. Written notification of cancellation or withdrawal from the student shall not be required for refund payment.
Cancellation or withdrawal may also be effectuated by student’s conduct, including, but not necessarily limited to, a student’s lack of attendance.
Upon request student shall be given a Notice of Cancellation Form to use for purposes of cancellation or withdrawal, but any other written notice may also be used.
The institution shall have a refund policy for the return of unearned institutional charges if the student cancels an Enrollment Agreement or withdraws during a period of attendance. The refund policy for students who have completed sixty (60) percent or less of the period of attendance shall be a pro rata refund.
WITHDRAWAL FROM COURSE
You have the right to withdraw from a course of instruction at any time. If you withdraw from the course of instruction after the period allowed for cancellation of the Agreement, which is until midnight of the first business day following the first class you attended, the school will remit a refund less an Application Fee, within thirty (30) days following your withdrawal. You are obligated to pay only for educational services rendered.
The refund shall be the amount you paid for instruction multiplied by fraction, the numerator of which is the number of hours of instruction which you have not received but for which you have paid, and the denominator of which is the total number of hours of instruction for which you have paid.
Students whose entire tuition and fees are paid by a third party organization are not eligible for a refund.
HYPOTHETICAL REFUND EXAMPLE
Assume that a student, upon enrollment in a 400 hour course, pays $2,000 for tuition and $50 for the Application Fee as specified in the Enrollment Agreement, and withdraws after completing 100 hours. The pro rata refund to the student would be $1,500 based upon the calculations stated below.
REFUND TABLE (Based on Actual Cost of Educational Service):
For the purpose of determining the amount you owe for the time you attended, you shall be deemed to have withdrawn from the course when any of the following occurs:
1. You notify the school of your withdrawal or the actual date of withdrawal.
2. The school terminates your enrollment.
3. You fail to attend classes for a three (3) week period. In this case, the date of withdrawal shall be deemed to be the last date of recorded attendance. If any portion of your tuition was paid from the proceeds of a loan, then the refund will be sent to the lender or to the agency that guaranteed the loan, if any. Any remaining amount of refund will first be used to repay any student financial aid programs from which you received benefits, in proportion to the amount of the benefits received. Any remaining amount will be paid to you. If there is a balance due, you will be responsible to pay that amount.
If the student obtained a loan to pay for an educational program, the student has the responsibility to repay the full amount of the loan plus interest, less the amount of any refund.
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. If a student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds.