Degree Program Cancellation Refund Degree

Buyer’s Right to Cancel:

Lakewood University is confident that the course(s) you have selected will be everything we claim. To assure you of this, we provide this cancellation and refund policy. You may request cancellation in any manner, but a written request is recommended. Your signature on the enrollment form indicates that you have read and understood the terms of this Agreement that you have read and understood any literature you have received from us and that you believe you have the ability to benefit from the course you have selected. If Lakewood University is notified of cancellation within five calendar days from midnight of the day on which the enrollment agreement is signed, you will be refunded all money paid to the school. If the student officially withdraws from a course, after the 5 day cooling off period Lakewood University will retain the registration fee and application fee. The remaining tuition and refundable fees will be refunded based on the Term start date and the tuition percentage amounts below:

Sample Refund Calculation: A student enrolls in a course where the Total Course Price is $1,263.00. If student withdraws from the course after the second week, the student is entitled to a refund of $884.10 ($1,263 * 70%)

The school shall make the appropriate refund within thirty days of the date the school is able to determine that a student has cancelled or has been terminated from a course. Students are not permitted to withdraw from a course after the original term end date. Exceptions must receive College President approval.

 Students are not required to return any materials in order to receive a refund. If payment is due to Lakewood University it will be deducted from the amount paid to the school if the student is paid in full. If a student is on a monthly payment plan they will remain on the payment plan until the amount is paid in full. If you fail to make any payment within 10 calendar days of its due date, the College may cancel this Agreement. Your entire tuition obligation will become due and payable immediately unless you cure the default within 15 calendar days of our notice to you.

** PLEASE NOTE: Students whose education is funded by a third-party entity (US Federal Financial Aid, US Veteran’s Administration, MYCAA, VRRAP) will not receive any payments related to a refund. The refunded amount will be sent directly to the funding entity. The calculation above is subject to change based on the student’s external funding entity.