Refund Policy

If a student is terminated or cancels enrollment for any reason, the following refund policy will apply:

 A student may request cancellation by fax, email, mail or in person at IUL’s administrative offices using the IUL Refund Form.

Enrollment Cancellation:

  •  All monies will be refunded if the school does not accept the applicant or if the student cancels within five (5) business days     after signing the enrollment agreement and making initial payment.
  • Cancellation after the fifth (5th) business day, but before the first class, results in a refund of all monies paid, except for the registration fee. IUL provides additional consideration for students that have had extenuating circumstances, such as a student illness or accident, death in family, or other circumstances beyond the student’s control.

Course Withdrawal:

  • A student may withdraw from one or more courses during a term and not be withdrawn from the University if the student is attending at least one course within the term, or has registered for a course in a subsequent term within 30 days from the last scheduled date of the term. A student who withdraws from all of his or her courses in a term will be responsible for any charges that may accrue on their account due to the withdrawal. 
  • Cancellation after attendance has begun will result in a pro rata refund computed based on the following schedule:

Length of Term

Percentage of Tuition Returned to the Student Minus the Registration Fee

 

8 weeks

Master and Doctorate Programs

1st week

80%

 

2nd week

80%

 

3rd week

60%

 

4th week

40%

 

5th week

20%

 

16 weeks- One Semester

Bachelor Program

1st week

80%

 

2nd week

70%

 

3rd week

60%

 

4th week

50%

 

5th week

40%

 

6th week

30%

 

7th week

20%

 

8th week

10%

 

9th week

0%

 
  • Sample Refund Calculation: A Graduate student enrolls in an MBA course where the Total Course Price is $1050.00. If student withdraws from the course during the second week, the student is entitled to a refund of $840.00. ($1050 * 80%)
  • The refund is calculated based on the postmarked date that a student’s cancellation is mailed or the date that an email, fax or mail request is received by IUL.
  • Refund payments will be made within 30 days of termination of students’ enrollment or receipt of the refund request.

Other Circumstances:

  • If for unseen reasons the University is permanently closed or no longer shall offers instruction, the school, at its option:
  • Provide a full refund of all monies paid.
  • Provide for completion of the course.
  • Applicants denied admissions by the University are entitled to a refund of all money paid except for non-refundable registration fees, after the allowable five business days.
  • If the student or the University cancels this agreement the rules for cancellation and refund above will apply.
  • Students who wish to continue their education at other schools must not assume that credits earned at the University will be accepted by the receiving institution. Transfer of Credits from IUL is at the discretion of the receiving institution.
  • Students can use the university placement assistance services as described, but IUL does not guarantee employment upon completion of programs.
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