Tuition & Fees

Fees
 

Cosmetology Course Tuition

  • 1500 Hours | $9.00/Hour: $13500.00
  • Enrollment Fee: $50.00
  • Classroom Supplies: $2000.00
  • Total Tuition:$15550.00


Student Instructor Course Tuition

  • 500 Hours | $9.00/Hour: $4500.00
  • 1000 Hours | $9.00/Hour: $9000.00
  • Teacher Training Books: $350.00
  • Enrollment Fee: $50.00
  • Total Tuition (500 Hours): $4900.00
  • Total Tuition (1000 Hours): $9400.00


Course Withdrawal and Incompletes

If a student withdraws from the course, a $150.00 withdrawal fee will be added to their ledger. If a student wishes to re-enroll, there is a $50.00 re-enrollment fee and the following pricing will be used. All students are required to use standard equipment, textbooks and materials supplied by the school, purchased by the student.

  • 2nd Enrollment

    : Remaining hours needed to complete the course will be charged at $9.00 per hour. Any remaining bad debt will also be added. Withdrawal and re-enrollment fees will be applied.
  • 3rd Enrollment

    : Remaining hours needed to complete the course will be charged at $9.00 per hour. Any remaining bad debt will also be added. Withdrawal and re-enrollment fees will be applied.
  • There are NO 4th enrollments allowed.

As stated in the original contract, each student has a contract end date. Any hours remaining after the end date will be charged a $9.00 per hour as assessed withdrawal and re-enrollment fees.

As stated in the Policy and Procedure Manual, students are allowed 3 incompletes. Any further incompletes will result in the student's withdrawal from Hairmasters and the student will be required to re-apply for admission to Hairmasters to begin at the next starting date.


Schedule Change Fee

Nights to days or vice versa

  • 1st Schedule change is allowed at no charge
  • Any further schedule changes: $100.00


Hours Research Fee

  • See contract for details: $100.00


Payment Policies

Upon enrollment, the total cost of training can be paid in full. However, the student, at the School's option, may pay the balance due in eight monthly payments. The schedule for payments to be followed:

  • Total Tuition: $15300.00
  • Due First Day of Class: $4500.00 (20% of tuition, kit & enrollment fees)
  • 8 Monthly Payments: $1350.00 ($10,800.00 divided into 8 payments)
  • Other payment plans are available. Please contact the school for details.

 

Collection Policy

Collection procedures will reflect good taste and sound, ethical business practices. Any student who does not make a monthly payment will be charged a fee of $1.00 for each day that the payment is late. If a student withdrawals from the School with a balance of tuition owed and does not pay the balance within 30 days, the account will be turned over to our collections agency and the student will be responsible for paying all of the collection fee accrued plus the balance due.

Collection Agency:
Financial Recovery Services
802 North Clinton Street
Bloomington, IL 61701
(309) 827-6000

Attorney Fees: In the event the student breeches any of the terms and conditions of enrollment and as a result therof it is necessary to institute court proceedings, then, in addition to any damages that are due to the school, it shall also be awarded its attorney fees, court costs, and any other costs associated with litigation.

 

Refund Policy

Return of Unearned Title IV Funds:

Federal regulations have been enacted which state that students may forfeit a portion of their federal student financial assistance if they fail to complete the program of study in which they were enrolled. This policy affects students who:

  1. Receive or were eligible to receive federal student financial assistance authorized under Title IV of the Higher Education Act, i.e. Federal Pell Grant, Federal SEOG awards, or Stanfford or Plus Loans awarded under the Federal Education Loan (FFEL) or Federal Direct Student Loan Programs.
  2. Who, on or after October 7, 2000 withdrew or were terminated from the institution during the first 60% of any payment period or period of enrollment

Payment periods are defined as a quarter, trimester, or semester or X number of clock hours: 0-450, 450-900, 900-1200, 1200-1500) eligible title IV aid recipients who fail to complete over 60% of a payment period or period of enrollment are considered to have not earned all of the federal aid that they may have previously been awarded for that payment period or period of enrollment. Accordingly, a required calculation will be performed to determine the portion of the unearned federal student aid that must be returned to the U.S. Department of Education. This calculation will be done before a tuition refund calculation is performed in accordance with the institutions refund policy. In many cases, the return of unearned Title IV funds calculation will result in the student owing tuition and fees to the institution that would otherwise have been paid with federal student aid. This policy may also result in the student owing a refund of unearned federal aid to the Department of Education.

A separate refund calculation by the institution will be performed once the Title IV refund calculation is completed and refunded if necessary.

An applicant not accepted by the school shall be entitled to a refund of all monies paid.

If a student (or parents, if student is a minor) cancels the contract and demands money back in writing with five business days of the signing of the enrollment agreement or contract, all monies collected by the school shall be refunded. This policy applies regardless of whether or not the student has actually started training. The cancellation date will be determined by the post mark on written notification or the date said information is delivered to the school administrator/ owner is person.

When notice of cancellation is given after the fifth day following enrollment but before the completion of the student's first day of class attendance, the school may retain no more that the enrollment fee, plus the cost of any books or materials which have been provided by the school.

When notice of cancellation is given after the student's completion of the first day of class attendance but prior to the student's completion of 5% of the course of instruction, the school may retain the enrollment fee and an amount not to exceed 10% of the tuition and other instructional charges or $300.00, whichever is less, plus the cost of any books or materials which have been provided by the school.

When a student has completed in excess of 5% of the course of instruction, the school may retain the enrollment fee and the cost of any books or materials which have been provided by the school but shall refund a part of the tuition instructional charges in accordance with the following schedule:

% of Completion  % of Tuition % Fees School May Retain
0.01 - 4.9%  10%
5 - 9.9% 30%
10 - 14.9% 40%
 15 - 24.9% 45%
25 - 49.9% 70%
50% or More 100%

Enrollment time is defined as the time elapsed between the actual starting date and the date of the students last day of physical attendance in the school. Any monies due to the applicant or student will be refunded within 30 days of formal cancellation by the student or formal termination by the school, which will occur no more than 10 days from the last day of physical attendance, or in the case of withdraws; a fee of $150.00 will be assessed to the student.

In case of disabling accident, death in the immediate family or other mitigating circumstances beyond the control of the student, the school will make a settlement, which is reasonable and fair to both.

There will be no refund to the student on books, supplies and equipment as they are non-institutional charges, unless the official withdrawal date is within 5 days of enrollment.

If the school permanently closes and no longer offers instruction after a student begins classes, the student will be entitled to a pro rated refund.

If a course is canceled after the student begins the school may either refund all monies paid or provide for the completion of the course.

As institutional refund for tuition charges to a student who withdraws before completion of the course shall have refunds applied in this order. FFELP, Federal Direct Loan Demonstration Program, Federal Pell Grant Program, Other Title IV programs and Student.

Hairmasters Institute of Cosmetology, Inc. Scholarships and tuition waivers are not honored in calculating refunds upon termination.

If a student is expelled from the institution, the last day of attendance shall be their last physical day on the premises. This student will be treated as any other withdrawn student and the same policies shall apply.

If a student on an approved leave of absence notifies the school that he/she will not be returning; the date of withdrawal shall be the earlier of the date of expiration of the leave of absence or the date the student notifies the institution that the student will not be returning to class.

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Fax | (309) 827-5800