STUDENT'S RIGHT TO CANCEL
Institution shall refund 100 percent of the amount paid for institutional charges 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 the Nobel University Registrar 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
A student has the right to withdraw from a course of instruction at any time. If the student withdraws from the course of instruction AFTER the period allowed for cancellation of the Agreement, the student has the right to obtain a refund of charges paid through attendance at the first class session, or the seventh day after enrollment, whichever is later. The school will remit a refund less an Application Fee, if applicable, not to exceed $50.00 within thirty 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, paid $3,180 for tuition, $50 for the Application Fee and $30 Registration Fee, and withdraws after completing 24 hours of instruction. The pro rata refund to the student would be $2782.56 based upon the calculations shown 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:
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:
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.