13-34-109. Required disclosures.
(1) As used in this section, "cooling off period" means a three-business day period during which a student may rescind an enrollment agreement and receive a refund of all money paid, except: a reasonable application fee; and a deposit that does not exceed 10% of the total cost of tuition for the first term.
(2) Before a postsecondary school may enroll or accept payment from a student, the postsecondary school shall clearly and conspicuously disclose in writing to the student: the postsecondary school's name, address, and location; the requirements or qualifications a student is required to satisfy to enroll in the postsecondary school; a complete description of the services for which the student will pay, including: facilities, faculty, resources, or equipment that the student may use in connection with the services, or to access the services; the duration of services provided; and completion or graduation requirements; information regarding how the postsecondary school's services relate to state licensing requirements if the services are intended to prepare a student for licensure; tuition, fees, and any other charge or expense to be paid by the student; a financial assistance policy, if any; the complete terms of any financing agreement, including an income sharing or other agreement, offered to the student; the postsecondary school's cancellation and tuition refund policy which shall include, at a minimum: a cooling off period that may not end before midnight on the third business day after the latest of: the day on which the student signs the enrollment agreement; the day on which the student pays the postsecondary school for services, other than an application fee; the day on which the student first attends the postsecondary school; or the day on which the student first gains access to the postsecondary school's services; and a written description of the postsecondary school's refund policy following the cooling off period described in Subsection; (2)(h)(i) whether the postsecondary school is accredited by an accrediting agency; and whether the program in which a student intends to enroll is accredited by an accrediting agency, if applicable; the existence and amount of the postsecondary school's surety bond or certificate of deposit; information regarding how to file a complaint against the postsecondary school with the division, the postsecondary school's accrediting agency, and the postsecondary school's approval or licensing entity; and student outcomes specified in rules made by the division under Section. 13-34-103
(3) A postsecondary school may comply with Subsectionby placing a conspicuous link on the postsecondary school's website that connects to: (2)(k) the contact information for each entity described in Subsectionwith which a person may file a complaint; or (2)(k) a third party's website that states the contact information for each entity described in Subsectionwith which a person may file a complaint. (2)(k)