Consumer Information

Financial Aid Refund & Policy

Apply for a loan of up to the student‘s cost of education minus any other financial aid they will receive at NLBI. If the parents are denied a PLUS loan, the student may then apply for an Unsubsidized Stafford Loan. Veterans’ Benefits

NLBI participates in the United States Department of Veterans‘ Affairs GI Bill as well as the New York State Veterans’ Tuition wards program. Cancellation & Refund Clause

1. Upon signing this enrollment agreement the school may retain a $100.00 non-refundable registration fee.
2. In the event of withdrawal, the date of withdrawal is the last date of recorded attendance.
3. If a student withdraws or is discontinued from the program, the school may retain the stated cost of books and supplies issued and accepted by the Student If a student withdraws or is discontinued during the first or second term, the school may retain:
- Zero percent (0%) prior to or during the 1st week of instruction in the term.
- Twenty percent (20%) during the 2nd week of instruction in the term.
- Thirty-five percent (35%) during the third week of instruction in the term.
- Fifty percent (50%) during the 4th week of instruction in the term.
- Seventy percent (70%) during the 5th week of instruction in the term. - One-hundred percent (100%) after the 5th week of instruction in the term. The school has chosen not to exercise the significant education change justification, which might result in greater student liability for the second quarter term.
4, Any monies paid to the school in excess of the sum due the school by the student who cancels, withdraws, or is discontinued will be refunded within the time required by state and federal regulations.
5. Certificate and/or transcript will be withheld until the student satisfies all monetary obligations to the school.
6. While placement assistance may be provided, it is understood that the school cannot promise or guarantee employment to any student or graduate

 

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