Refund Policy - Applies to all terminations, for any reason, by either party

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After the cancellation period, the institution provides a pro rata refund of funds paid for tuition charges to students who have completed 60 percent or less of the period of attendance. Once more than 60 percent of the enrollment period in the entire course has incurred (including absences), there will be no refund to the student.

A registration fee of $250.00 is a non-refundable item. Equipment, books, supplies, tools, uniforms, kits and all other items issued and received by the student are not returnable. Once received by the student it will belong to the student and will represent a liability to the student. There is a termination fee of $500.00 for all terminations and drops, for any reason, by either party. If the amount that you have paid is more than the amount that you owe for the time you attended, then a refund will be made within 45 days of the official withdrawal date. If the amount that you owe is more than the amount that you have already paid, then you will have to arrange to pay the amount that you owe to Riggins Urban Barber College.

 

Official withdrawal date is the student’s notification to the School Director or the school’s Determination.  Determination of withdrawal from school: The withdrawal date shall be the last date of recorded attendance. The student would be determined to have withdrawn from school on the earliest of:
 

• The date the school terminates your enrollment due to academic failure or for violation of its rules and policies stated in the catalog.

• The date you fail to attend classes for a two-week period and fail to inform the school that you are not withdrawing.

• The date you failed to return as scheduled from an approved leave of absence. The withdrawal date shall be the last date of recorded attendance. The date of the determination of withdrawal will be the scheduled date of return from LOA.
   

Return of Title IV - Applies to all terminations, for any reason, by either party

Special note to students receiving Unsubsidized/Subsidized/PLUS/Perkins loans, ACG/National

SMART/Pell/SEOG grants or other aid, if you withdraw from school prior to the completion of the equivalent to 60 percent of the workload in any given payment period, a calculation using the percentage completed will be applied to the funds received or that could have been received that will determine the amount of aid the student earned. Unearned funds would be returned to the program in the order stated below by the school and/or the student. Student liability to loan funds will continue to be paid in accordance to the original promissory note terms. Funds owed by the student to the Grant programs are limited to 50% of the gross award per program received. Unearned funds will be returned in the following order: Unsubsidized Loans, then Subsidized Loans, then Pell Grant.

 

The date of determination is listed above – Determination of withdrawal from school. If you have earned funds but have not received them as of your date of termination, you will have a choice of whether to receive any funds due you for earned time in school. If some or all of those funds are loans, you can choose not to accept those funds which will reduce the principal amount of the loan(s) that you received. All refund calculations will be completed within 45 days of termination or withdrawal, and you will receive any funds due to you with that 45 day time period.

 

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Sample Calculation

completion of 25% of the payment period or enrollment period earns only 25% of the aid
disbursed or that could have been disbursed. If applicable, this would be the first calculation to determine the amount of aid that the student would be eligible for from the Title IV Financial Aid programs. A second calculation would take place to determine the amount earned by the institution during the period of enrollment. 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 garnishing 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
    

School or Course Cancellation

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 If a course is canceled subsequent to a student’s enrollment and before instruction in the course has begun, a fair refund settlement will be made. If the School is permanently closed or no longer offering instruction after a student has enrolled, the school will provide a pro rata refund of tuition to the student.