Codes and Policies

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Tuition Refund Policy and Disclosures

Refund of Tuition Charges for For-Profit Postsecondary Educational Institutions under Iowa Code Section 714.23

Iowa Code Section 714.23 stipulates that a for-profit school with at least one postsecondary educational program of more than four months in length that leads to a recognized educational credential such as an academic or professional degree, diploma, or license must provide a fair refund of tuition charges to a withdrawn student.

A for-profit school that must register in Iowa pursuant to Iowa Code Chapter 261B will not be approved for registration until it has adopted a policy that meets the minimum requirements of Iowa Code Section 714.23. A for-profit school that offers a course of instruction via distance education in Iowa and that is not required to register in Iowa for that purpose must nevertheless implement a policy that meets the minimum requirements of Iowa Code Section 714.23.

Disclosures for For-Profit Postsecondary Educational Institutions under Iowa Code Section 714.25
 

A for-profit school that is not eligible to participate in the federal student aid programs and that offers at least one program of more than four months in length that leads to a postsecondary education credential such as an academic or professional postsecondary education credential such as a degree, diploma or license must make certain disclosures to the student, the Iowa College Student Aid Commission, and in the case of a cosmetology or barbering school, the Iowa Board of Cosmetology Arts and Sciences or the Iowa Board of Barbering, as applicable under Iowa Code Section 714.25. Contact the Commission's postsecondary registration administrator for more information.


Filing Evidence of Financial Responsibility 

Under Iowa Code Section 714.18, every person, firm, association, or corporation (including postsecondary educational institutions and other instructional schools) that maintains or conducts in Iowa any course of instruction via classroom instruction, correspondence or distance education, or that solicits in Iowa the sale of such a course, must file evidence of financial responsibility with the Iowa College Student Aid Commission and reapply to demonstrate continuing compliance, at minimum, every two years.

A postsecondary educational institution that qualifies for an exemption from the financial responsibility provisions of Iowa Code may nevertheless be required to register in Iowa to offer a course of instruction via classroom instruction or distance education in Iowa. A non-public postsecondary educational institution that is not required to register in Iowa in order to offer distance education programs may be required to file evidence of financial responsibility. The registration provisions of Iowa Code Chapter 261B and financial responsibility provisions of Iowa Code Section 714.18 and 714.19 operate independently

Financial Responsibility Application Process: Non-exempt postsecondary educational institutions or instructional schools must complete an application that the Iowa College Student Aid Commission supplies for this purpose and submit other required documentation.

Financial Responsibility Exemptions: A non-public school that would otherwise be required to file evidence of financial responsibility and believe that it qualifies for an exemption under Iowa Code Chapters 714.19 must apply to the Iowa College Student Aid Commission for acknowledgement of the claimed exemption.


Student Complaint Form 

In an effort to assist Iowa's students and families in their pursuit of continued education, Iowa College Aid created the Student Complaint Form to document questions, concerns and complaints related to postsecondary educational institutions.

Student Complaint Form


Iowa Model Education Loan Code of Conduct

An institution may, but is not required to, use this model code of conduct to fulfill the requirements of Iowa Code, Section 261F.2, Sections 487(a)(25) and 487(e) of the Higher Education Act of 1965, as amended by the Higher Education Opportunity Act of 2008, 34 CFR 668.14(b)(27), and 34 CFR 601.21.

Model Code of Conduct Summary (pdf) Model Code of Conduct (pdf)