| (a) A school shall disclose to potential students all
tuition, fees, and other charges, and state such information in the
school's application for a certificate of approval. The school may
not use an estimated tuition amount, nor may the school increase the
student's tuition if the student remains continuously enrolled and
completes the training as approved at the time of admission. If the
school charges to repeat courses, the amount of the charges must be
disclosed to the student.
(b) A school shall make available for review by the
Agency upon request:
(1) a description of the methods of payment that are
available to enrolling students;
(2) the names and addresses of lending institutions
used by the school for student tuition loans; and
(3) the true annual percentage rate and any other fees
or charges associated with student tuition loans.
(c) A school shall refund or forfeit any tuition, fees,
or other charges not previously disclosed to the Agency.
(d) A school may offer scholarships providing the terms
of scholarships are disclosed to the Agency.
(e) The school shall maintain, in a permanent format
that is acceptable and readily accessible to the Agency, a record
of any funds received from, or on behalf of, the student. A school
shall clearly identify the payor, the type of funding, and the reason
for the charges. These records shall be posted and kept current.
(f) A school shall issue written receipts of any charges
or payments to the student and maintain such records for review upon
request by the Agency. Each separately charged item shall be clearly
itemized on a student-signed receipt.
|
