Postponement, Cancellation, & Refund Policy

Postponement of Start Date

Postponement of a start date at the request of the College requires a written agreement signed by the student and the College. The agreement must set forth:

  • That the postponement is for the convenience of the College, and:
  • A deadline for the new start date, beyond which the start date will not be postponed.

The maximum period for a possible delay cannot exceed one year from the scheduled start date.  Reasons for a possible delay of a scheduled start may include but are not limited to (1) damage to the facility, (2) inadequate number of applicants, and (3) acts of nature unforeseeable. A list of alternatives includes but are not limited to temporarily operating from a different location.  If any refundable tuition and fees have been paid, a refund will be made within 30 days of the signed agreement.

If the course is not commenced, or the student fails to attend the new start date set forth in the agreement, the student will be entitled to an appropriate refund of prepaid tuition and fees within 30 days of the deadline of the new start date set forth in the agreement, determined in accordance with the College’s refund policy.

Refund Policy

The refund policy applies to all terminations for any reason, by either party, including student decision, expulsion, course or program cancellation, or College closure.

A. All monies paid by the applicant will be refunded within thirty (30) days in the following circumstances:; (i) if an applicant cancels in writing within three (3) business days of receipt of the application by a Platt College admissions representative; (ii) if the applicant is not accepted by the College; (iii) in the event the College discontinues a course/program during a period of time within which a student could have reasonably completed it, except that this provision shall not apply in the event that the College ceases operation; (iv) applicants who have not visited the College facility prior to enrollment will have the opportunity to withdraw without penalty within three (3) business days following a tour of the College facilities.

B. Cancellation of Classes. The College reserves the right to cancel a scheduled start date if the number of students enrolling is deemed insufficient. Such cancellation will be considered a rejection by the College and the student will be entitled to receive a complete refund of any amount paid.

C. An applicant requests cancellation in writing after the three (3) business day period but prior to commencement of education is entitled to a refund of all monies paid less the application charge of $75.

D. A student terminating within the first two days of education shall be entitled to a refund of one hundred percent of tuition/fees paid.

E. If a student requests cancellation, or is terminated (in which event the date of termination shall be the date of expulsion) after entering the College and starting education, the student shall be entitled to tuition refund in accordance with the College Catalog.

F. If the student cancels enrollment or is dismissed prior to completion of the program, the student will not be entitled to a refund of tuition paid for any term(s) completed. However, the student will be entitled to a refund of tuition for the time not completed during the term in which withdrawal took place based upon the refund policy outlined in this agreement.

Additional Catalog Information Regarding Refund Policy

After the commencement of education, the policy for cancellation, settlement and refund of tuition and fees provides for the following:

  1. A student terminating education within the first ten percent of the academic year shall be entitled to a refund of ninety percent of the enrollment agreement price of the academic year exclusive of books and supplies, less a withdrawal processing charge of $150.
  2. A student terminating education after ten percent but within the first twenty-five percent of the academic year shall be entitled to a refund of seventy-five percent of the enrollment agreement price of the academic year exclusive of book and supplies, less a one-time withdrawal processing charge of $150.
  3. A student terminating education after twenty-five percent but within the first fifty percent of the academic year shall be entitled to a refund of fifty percent of the enrollment agreement price of the academic year exclusive of books and supplies, less a withdrawal processing charge of $150.
  4. A student terminating education after fifty percent but within the first seventy-five percent of the academic year shall be entitled to a refund of twenty-five percent of the enrollment agreement price of the academic year exclusive of books and supplies, less a withdrawal processing charge of $150.
  5. A student who has completed seventy-five percent of the academic year and has entered into the final twenty-five percent shall not be entitled to any refund and shall be obligated for the full price of the academic year, which constitutes the maximum obligation. 

Percentage of the course/program completed is based on the number of scheduled hours of class attendance, stated as a percentage of the total hours indicated for the academic year/period, then converted to the equivalent quarter hours.  Refunds to students will be computed from the last date of recorded attendance.  The last date of recorded attendance will be determined from the instructor’s attendance charts.  Leaves of absence and school holidays will not be counted as part of the scheduled class attendance.  Refunds will be made within 30 days of the last date of attendance if written notification was provided to the institution.  Otherwise, refunds shall be made within 30 days from the date the institution terminates the student or determines that the student has withdrawn. 

Veterans Refund Policy

The College has and maintains a policy for the refund of the unused portion of tuition, fees and other charges in the event the veteran or eligible person using VA benefits fails to enter the course or withdraws, or is discontinued there from at any time prior to completion. Such policy provides that the amount charged to the veteran or eligible person for tuition, fees and other charges for a portion of the course shall not exceed the exact pro rata portion of the course/program bears to its total length. The exact portion will be determined on the ratio of the number of days of instruction completed by the student to the total number of instructional days in the course/program.

Return of Title IV Funds Policy

This policy only applies to students receiving Federal Title IV funds or other Federal Financial Aid who withdraw officially, unofficially, or fail to return from a leave of absence or dismissed from enrollment at the College. The refund calculation of institutional charges is determined as stated in the section entitled Cancellation and Refund Policy. The calculated amount of the Return of Title IV (R2T4) funds that are required for the students affected by this policy are determined according to the amount of time a student spent in academic attendance, and the total aid received.  Title IV funds are awarded to the student under the assumption that s/he will attend the College for the entire period for which the aid is awarded.  When a student withdraws, s/he may no longer be eligible for the full amount of Title IV funds that were originally scheduled to be received.  Therefore, the amount of Federal funds earned must be determined by a specific formula based on a pro-rata basis.  If the amount disbursed is greater than the amount earned by the College, unearned funds must be returned.

Platt College will return unearned aid in the following order:

  1. Unsubsidized Federal Stafford Loans
  2. Subsidized Federal Stafford Loans
  3. Federal Perkins Loan
  4. Federal Plus Loans
  5. Federal Pell Grant
  6. Federal SEOG Grant

The College has 45 days from the date that it determines the student withdrew to return all unearned funds for which it is responsible.  The College is required to notify the student if s/he owes a repayment via written and/or electronic notice. All Federal Aid Disbursements will be applied to the student’s financial aid ledger until all school tuition and fees are paid in full.  Credit balances notes on a student’s ledger will be reconciled within 14 days of occurring; reconciliation of a credit balance will be in accordance with 34 CFR Return of Title IV Funds. 

Books, Tools, and Supplies

Applicants must furnish all books, tools and supplies required in the program at his/her own expense. Students will not be required to purchase instructional supplies, books and tools until such time as these materials are required. Applicants are not obligated to purchase any books, tools or supplies from the College. The cost of books, tools and supplies specified on page one of the Enrollment Agreement is an estimated cost, subject to changes in supplier prices and curricula. If purchased from the College, the cost of any books, tools and supplies is nonrefundable.