Cooling-Off Period and Withdrawals. A cooling-off period is defined as at least five business days from the date a student signs an enrollment agreement, makes an initial payment, or first visits a school, whichever is later. During the cooling-off period, any enrollment agreement signed by a student can be withdrawn, with all payments made by the student or on the student’s behalf refunded. Withdrawal can be effectuated by personally appearing at a school to withdraw, depositing a withdrawal letter in the mail to an address provided by the school (in which case, the withdrawal will be considered effective as of the postmark date), sending an electronic withdrawal message to a mailbox maintained by the school for such purpose, or providing an oral withdrawal notice via a phone number maintained by the school for such purpose. If the student’s withdrawal is communicated orally, the school will confirm the withdrawal in writing via an electronic message or letter sent within three days of the oral communication. If Zenith is not able to document that a student attended any class during the enrollment payment period or period of instruction, that student will be deemed withdrawn and Zenith will not be entitled to retain more than $200 registration or application fees or an alternative amount that Zenith can demonstrate to have been expended in undertaking that particular student’s instruction. Regardless of when a student withdraws, Xxxxxx will not attempt to collect from the student any funds in excess of the Title IV federal financial aid funds that are required to be returned to Title IV sources pursuant to 34 C.F.R. § 668.22. The existence of the cooling-off period, as well as the addresses and phone numbers for withdrawal notices, must be disclosed on any document regarding enrollment that is signed by the student as well as on the receipt for any initial deposit or payment toward tuition and fees. The student must receive a copy of the document that contains the cooling-off disclosure and withdrawal contact information. Nothing in this section shall be read to preempt any provision of state or federal law or regulation that provides greater protection to a student than the provisions in this section. The provisions in the Section II are subject to implementation as soon as feasible and are subject to any requirements under state law, accrediting body standards or other applicable educational regulatory requirements.
