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22 Refund Policy and Under California Bureau for Postsecondary Private Education Law, (CEC§94911(e)(1)(2)(3)) Procedures Policy For determining the amount of the refund, the number of hours of instruction remaining (hours of instruction scheduled to be provided after the date of notification or determination of withdrawal), are divided by the total number of hours in the period. The resulting percentage is then multiplied by the tuition charged for the period, representing the tuition charged but not attended by the student. The refund is the amount the student paid for hours of instruction scheduled to be provided after the student's withdrawal date, minus a registration fee, STRF fee and the cost of unreturned equipment. If the student has completed more than 60% of the period of attendance, tuition is considered fully earned and no refund will be issued. For periods of enrollment beyond the current "charge period," if the student withdraws prior to the next charge period, any charges collected for the next period will be refunded. If any portion of the tuition was paid from the proceeds of a loan or third party, the refund shall be sent to the lender, third party or, if appropriate, to the state or federal agency that guaranteed or reinsured the loan. Learnet will issue all refunds within 45 days of the date of cancellation / withdrawal. Procedures In order to cancel the enrollment agreement and receive a refund, students must do the following: 1. Cancellation shall occur when the students gives a written notice of cancellation at the address of Learnet Academy shown on the top of the front page of the enrollment agreement. 2. The student can do this by mail or hand delivery or email to registrar@learnet.edu . 3. The written notice of cancellation, if sent by mail, is effective when deposited in the mail properly addressed with postage prepaid. 4. The written notice of cancellation need not take any particular form, and, however expressed, it is effective if it shows that the student no longer wishes to be bound by his/her enrollment agreement: This form is also available on Learnet Academy website. 5. If Learnet Academy has given the students any equipment, including books or other materials, students shall return it to Learnet Academy within 30 days following the date of the notice of cancellation. 6. If students fail to return this equipment, including books, or other materials, in good condition within the 30-day period, Learnet Academy may deduct its documented cost for the equipment from any refund that may be due. 7. Once the students pay for the equipment, it is the students to keep without further obligation. 8. If students cancel the agreement, Learnet Academy will refund any money that the student paid, less any deduction for equipment not timely returned in good condition, within 45 days after the notice of cancellation Is received. 9. Students review the refund calculation form and sign the cancellation/withdrawal form: Registrar Officer reports to ED and PDSO/DSO for updating SEVIS record. 10. Refund checks are issued by the Registrar's Office and bear the signature of the Executive Director. 11. Students are required to show photo identification if picking up their check or the Registrar Officer will mail out to students' address. Date on December 12, 2020