Section 94920 - [Effective until 1/1/2027] Institutions not participating in federal student financial aid programsAn institution that does not participate in the federal student financial aid programs shall do all of the following:
(a) The institution shall advise each student that a notice of cancellation shall be in writing, and that a withdrawal may be effectuated by the student's written notice or by the student's conduct, including, but not necessarily limited to, a student's lack of attendance.(b) Institutions shall refund 100 percent of the amount paid for institutional charges, less a reasonable deposit or application fee not to exceed two hundred fifty dollars ($250), if notice of cancellation is made through attendance at the first class session, or the seventh day after enrollment, whichever is later.(c) The bureau may adopt by regulation a different method of calculation for instruction delivered by other means, including, but not necessarily limited to, distance education.(d) 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 60 percent or less of the period of attendance shall be a pro rata refund.(e) The institution shall pay or credit refunds within 45 days of a student's cancellation or withdrawal.Amended by Stats 2011 ch 167 (AB 1013),s 2, eff. 1/1/2012.Added by Stats 2009 ch 310 (AB 48),s 6, eff. 1/1/2010.