REFUND POLICY- 1500 SOUND ACADEMY, LLC
Revised-April 15, 2021
The 1500 Sound Academy refund policy for students who have completed 60 percent or less of the course of instruction, and who have not cancelled as explained above, shall be a pro-rata refund.
You are obligated to pay only for educational services received and for unreturned equipment or materials. The refund shall be the amount you paid for instruction multiplied by a fraction, the numerator of which is the number of
hours of instruction which you have not received but for which you have paid, and the denominator of which is the total number of hours of instruction for which you have paid.
Any student who notifies 1500 Sound Academy of cancellation or program withdrawal in writing has the right to cancel this enrollment agreement and obtain a refund of charges paid through attendance at the first class session
or the seventh day after enrollment, whichever is later. All students must provide written notification of withdrawal, cancellation or request for refund.
Students who have completed 60% or less of a course are entitled to a refund based on the refund formula below. After 60% of the course has been completed the course is non-refundable.
Refunds must be requested in writing to Chief Academic Officer, 1500 Sound Academy, 8729 Aviation Blvd., Inglewood, CA 90301, and the refund will be calculated upon the receipt date or upon withdrawal of the student by the school as referenced above. Any refund to a student will be refunded within 45 days of notification in writing or constructive withdrawal of the student made by the school. Course fees are due upon enrollment.
Refunds are calculated as follows (and are only for students who have completed less than 60% of the total instruction hours): The institution’s refund policy for students who have completed 60% or less of the course of instruction shall be a pro rata refund calculated by hour of instruction.
FORMULA: (1) Determine the total tuition charge paid by the student; (2) divide this figure by the number of hours in the program; (3) the quotient is the hourly charge for the program; (4) the amount owed by the student for the purposes of calculating a refund is derived by multiplying the total hours attended by the hourly charge for instruction calculated in [3]; and (5) the refund shall be any amount in excess of the figure derived from [4] that was paid by the student to the institution.
HYPOTHETICAL EXAMPLE: The following is a simple hypothetical example of how a refund is calculated. A student registers for a 36-hour course at a cost of $800. Upon the student notifying the school in writing of a withdrawal after attending 12 hours, a refund is calculated as follows: The total tuition is $800. $800 divided by 36 hours of instruction equals $22.23/hr. The student completed 12 hours x $22.23= $266.76. The $800 tuition fee minus $266.76 = a refund of $533.24.
