Refunds

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Withdrawing from a course can affect your Financial Aid. Contact the Financial Aid Office before you decide to drop a course.

If you withdraw or are dismissed from the College you are entitled to a credit/refund of net tuition, room, board, and mandatory fees.

Net tuition is defined as gross tuition less Lincoln College scholarship aid. An administrative charge of $25 will be applied to the credit/refund calculations. The following credit/refund rates apply to students who officially withdraw or are dismissed from the College.

Traditional 16-Week Courses	Eight-Week Courses
12-Week Summer Courses	Six-Week Summer Courses
Midwest College of Cosmetology Refunds

Traditional 16-Week Courses

Official withdrawal	Refund
Prior to first day of classes	100%
During first week of classes	90%
During second week of classes	85%
During third week of classes	80%
During fourth week of classes	70%
During fifth week of classes	65%
During sixth week of classes	60%
During seventh week of classes	55%
During eighth week of classes	50%
During ninth week of classes	40%
During tenth week of classes and after	No credit or refund
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Eight-Week Courses

Official Withdrawal	Refund
Prior to first day of classes	100%
During first week of classes	85%
During second week of classes	70%
During third week of classes	55%
During fourth week of classes	40%
During fifth week of classes and after	no credit or refund
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12-Week Summer Courses

Official Withdrawal	Refund
Prior to first day of classes	100%
During first week of classes	90%
During second week of classes	80%
During third week of classes	70%
During fourth week of classes	60%
During fifth week of classes	50%
During sixth week of classes	40%
During seventh week of classes and after	no credit or refund
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6-Week Summer Courses

Official Withdrawal	Refund
Prior to first day of classes	100%
During first week of classes	80%
During second week of classes	60%
During third week of classes	40%
During fourth week of classes and after	no credit or refund
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Midwest College of Cosmetology Refunds

If you do not receive Title IV financial aid, refunds will be calculated according to the terms of your signed Enrollment Agreement.

NOTE: Students remain enrolled in all classes until they officially withdraw by completing a Notice of Voluntary Separation form (available at the front desk of the academic building). Withdrawal is not official until the student has obtained all required signatures and submitted the completed form. The amount of refund and/or credit will be determined by the official effective date of withdrawal. Unless the official withdrawal occurs during the refund period, students will be held responsible for ALL tuition and fees. No money will be refunded to a student for a course in which they remain officially enrolled. If a student leaves without following the correct withdrawal procedure and there is a balance due on the account, the entire amount of tuition and fees is due and payable.

All refunds will be paid within 60 days of the date of withdrawal.