SPORTS BUSINESS CLASSROOM REFUND POLICY

The $25 application fee and $250 processing fee are non-refundable. The remaining costs may be refundable, depending on the student’s date of withdrawal. IMPORTANT: For refund purposes, the full fee is considered to be charged and paid when calculating the student’s refund amount. This is to avoid disadvantaging students who paid in full. The refund is calculated against the full amount, and then netted against the amount the student actually paid. However, under no circumstance will a student be required to pay any additional money after withdrawing.

  • If the student withdraws on or before April 30, all remaining costs are fully refundable, including extended hotel days. For example, a student who paid a $25 application fee, $250 processing fee, $3,250 for the remainder of the tuition, and $100 for one extended hotel day ($3,625 total) is refunded $3,350 if he or she withdraws on April 15.
  • If the student withdraws in May, $2,500 of the full fee is refundable, plus extended hotel days. For example, a student who was admitted in February, opted for one extended hotel day, and paid a $25 application fee, $250 processing fee, $750 in February, $650 in March and $650 in April, and who withdraws on May 10 (before the May payment is charged) is refunded as follows:
    • Total considered charged: $3,625 (includes May & June payment amounts)
    • Total refundable: $2,600 ($2,500 plus $100 for extended hotel day)
    • Total non-refundable: $1,025 ($3,625 minus $2,600)
    • Total paid to date: $2,300 (processing fee plus February, March & April payments)
    • Total refunded to student: $1,275 ($2,300 minus $1,025)*
  • If the student withdraws in June, $1,500 of the full fee is refundable, plus extended hotel days. For example, a student who was admitted in February, opted for one extended hotel day, and paid a $25 application fee, $250 processing fee, $750 in February, $650 in March, $650 in April and $650 in May, and who withdraws on June 10 (before the June payment is charged) is refunded as follows:
    • Total considered charged: $3,625 (includes June payment amount)
    • Total refundable: $1,600 ($1,500 plus $100 for extended hotel day)
    • Total non-refundable: $2,025 ($3,625 minus $1,600)
    • Total paid to date: $2,950 (processing fee plus February, March, April & May payments)
    • Total refunded to student: $925 ($2,950 minus $2,025)
  • If a student withdraws July 1 or later, no refunds are given.
  • In the exceptional case of certain unplanned events, such as the death of an immediate family member, hospitalization of the applicant or jury duty, Sports Business Classroom will issue a full refund (minus application and processing fees) upon presentation of satisfactory documentation.

* As another example, a student who is admitted in February, chooses one extended hotel day, pays in full, and withdraws in May is refunded as follows:

  • Total paid: $3,625 (application fee, full amount for program, and one extended hotel day)
  • Total refundable: $2,600 ($2,500 plus $100 for extended hotel day)
  • Total non-refundable: $1,025 ($3,625 minus $2,600)
  • Total refunded to student: $2,600

As one final example, a student who was admitted in April, did not opt for any extended hotel days, and paid a $25 application fee, $250 processing fee and $1,083 in April, and who withdraws on May 10 (before the May payment is charged) is refunded as follows:

  • Total considered charged: $3,525 (includes all remaining payment amounts)
  • Total refundable: $2,500
  • Total non-refundable: $1,525 ($3,525 minus $2,500)
  • Total paid to date: $1,333 (processing fee plus April payment)
  • Total refunded to student: $0 – the student paid only $1,333 of the $1,525 non-refundable amount.

In the example above, note that even though $1,525 was non-refundable and the student paid only $1,333 of that amount prior to withdrawing, the student is not required to pay any additional money upon withdrawal.

In the case of certain unplanned events, such as the death of an immediate family member, hospitalization of the applicant, or jury duty, the Sports Business Classroom will issue a full refund once documentation is received.