Code of Colorado Regulations
1504 - Department of Higher Education
1504 - Division of Private Occupational Schools
8 CCR 1504-1 - PRIVATE OCCUPATIONAL EDUCATION ACT OF 1981
Section 8 CCR 1504-1-VIII - REFUND POLICY
Current through Register Vol. 47, No. 5, March 10, 2024
A. The official date of termination or withdrawal of a student shall be determined in the following manner:
B. Refunds must be calculated from the official date of termination or withdrawal and calculated on the period of time designated on the current agreement executed with the student and must be made within thirty (30) days from the official date of termination.
C. Application/registration fees may be collected in advance of a student signing an enrollment contract; however, all monies paid by the student will be refunded if the student does not sign an enrollment contract and does not enter school.
D. No student shall be continued on an inactive basis in violation of school policy without written consent of the student. Inactive students must be terminated within 30 days of the next available start date and refunded appropriate prepaid tuition and fees at that time.
E. Refunds, including bond claim refunds, will be made to sponsoring agencies or individuals rather than to students.
F. In the event of a school ceasing operation, the student shall be entitled to 100 percent of the prepaid, unearned tuition and fees at the time of closure unless a teach-out is available and accepted by the student.