Postsecondary Registration - Iowa Code Sections 714.23 and 714.25
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such as an academic or professional degree, diploma, or license must provide a fair refund of tuition charges to a withdrawn student.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.
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.