Tuition rates include student kits, textbooks and uniform. Payment plans are available. Please contact our admissions department to discuss payment options.

A pre-determined percent of tuition (this does not include the registration fee which is non-refundable) is due one week prior to the start of classes. The remaining balance is due according to the payment plan selected by the student at the time of enrollment. All tuition must be received in full no later than three weeks prior to graduation. He/She may be required to incur additional and/or events not to exceed $100.00. The students obligation to pay these sums at these times is without regard to student qualification for financial aid from any other source.

The Institute of Beauty and Wellness offers Federal Financial Aid for those who qualify for the Cosmetology and Massage Therapy programs.  The school now has Financial Aid for the Esthiology program.

To apply for Federal Financial Aid, students are required to complete the Free Application For Federal Student Aid (FAFSA).  Log on to www.FAFSA.ed.gov to submit your application.  The Institute of Beauty and Wellness' code is 038083.  Financial aid awards are dependent upon student completion and the timely return of necessary paperwork.

In addition to financial aid, we offer payment plans structured to fit financial needs.  Please contact the Admissions Department at 414.319.7581 for further information.

The Institute of Beauty and Wellness' "2011 Annual Security Report"

A printed copy of the report can be requested by calling The Institute of Beauty and Wellness' Financial Aid Department at 414.319.7581 or by e-mail to gregory@institutebw.com.

The Institute of Beauty and Wellness' Gainful Employment Disclosures

To help students make informed decisions regarding their program of study, The Institute of Beauty and Wellness is required by the United States Department of Education to provide additional information beyond a program description of an academic program that leads to gainful employment. The Institute of Beauty and Wellness offers information about the estimated cost of a program, median loan debt of students who completed the program, the completion rate and job placement.

Click here for IBW's Gainful Employment Disclosures

A printed copy of the Gainful Employment Disclosures can be requested by calling The Institute of Beauty and Wellness' Financial Aid Department at 414.319.7581 or by e-mail to gregory@institutebw.com

Net Price Calculator - 2009-2010

The net price calculator is a tool for students to use to get an estimate of what is may cost to attend the cosmetology program at The Institute of Beauty and Wellness each year. It is important for you to understand that the information you receive from the calculator is a very broad estimate. Please note: cost of attendance and financial aid availability change year to year.

The Institute of Beauty and Wellness Title IV Loan Code of Conduct

The Institute of Beauty and Wellness observes federal regulations regarding student loan requirements.  The Institute of Beauty and Wellness Title IV Loan Code of Conduct is designed to create and ensure uniform student loan practices that focus on the best interest of borrowers. 

Click here for IBW's "Title IV Loan Code of Conduct"

A printed copy of the Title IV Loan Code of Conduct can be requested by calling The Institute of Beauty and Wellness' Financial Aid Department at 414.319.7581 or by e-mail to gregory@institutebw.com

There are currently no scholarships available. Please see Financial Aid section above if you need assistance.

If a student fails to make any payment within one (1) week after it is due, then, a) the total tuition will become automatically due and payable, and b) the school may suspend the student's attendance and/or diploma until the balance is paid in full.

The Refund Policy is as follows:

If a student's application is rejected by the school or if he/she cancels enrollment within 3 business days of executing the enrollment contract, all money collected by the school, less the non-refundable $50 registration fee, shall be refunded whether or not the student has begun the course of instruction.

If a student cancels his/her enrollment after 3 business days from the execution date of the enrollment contract, but before the student begins the course of instruction, he/she is entitled to a refund of all money paid to the school less the non-refundable $50 registration fee.

If a course is cancelled prior to a student's enrollment, the school provides a full refund of all money paid.

If the school is permanently closed and no longer offering instruction after a student has enrolled, the student is entitled to a pro-rata refund of tuition.

If either party cancels the contract after the student begins class and after 3 business days of executing the enrollment contract, the school will keep the registration fee, and the tuition amount according to the calculation below.

Calculation for Tuition Reimbursement:

Percentage length completed to total length of course		Amount of total tuition owed to the school
Greater Than	Less Than or Equal To
0.01% to	4.9%	20%
5% to	9.9%	30%
10% to	14.9%	40%
15% to	24.9%	45%
25% to	49.9%	70%
50% and	over	100%

Note: "Percentage of Enrollment Time" means the time elapsed between the start of the student's attendance until the student's last day of physical attendance, divided by the total number of class days required to complete the course of instruction.

 

The school shall acknowledge in writing any valid notice of cancellation within 10 business days after the receipt of such notice. Any monies due the applicant or student shall be refunded within 30 business days of the official withdrawal date or the date the school discovers that the student has unofficially withdrawn (determined an "unofficial" withdrawal after three school days of no attendance and no notice or explanation). The official withdrawal date is determined by the postmark date on the written notification, or the date said notice is delivered to a school director in person.

 

All miscellaneous costs which have not yet become due will be void. In the case of a leave of absence, the school shall return any monies due the student or applicant within thirty days of the earlier of the last day of the student's leave of absence if the student fails to return or the date the student notifies the institution that the student will not be returning.

 

The school may elect a more generous settlement policy to accommodate mitigating circumstances.

 

Notice of Cancellation

The student's enrollment can be terminated only by written notice of cancellation from one party to the other. Said notice shall be hand delivered or mailed, postage prepaid, either registered or certified, return receipt requested, to the other party at the address listed on the Student's Enrollment Contract. In case of cancellation, the previously stated "Refund Policies" will determine the amount of refund to the student.

 

The Institute of Beauty and Wellness, under State of Wisconsin Regulation, is required to carry a Surety Bond in accordance with RL 61.06. This bond is required to protect a student or their parents/guardians or their sponsors from economic loss.

 

The bond provides indemnification, within the limits of the bond, to any student or enrollee. For further information, contact Capitol Indemnity Corporation, Madison, Wisconsin.

 

The contact address for the company issuing the bond is:
R&R Insurance
1581 E. Racine Ave., PO Box 1610
Waukesha, WI 53187-1610

 

Breach of Contract

For any violation of this contract, school policies, standards and/or attendance, as stated in the school catalog, the Administrative Staff of The Institute of Beauty and Wellness may cancel this contract.

 

Students would receive a Notice of Cancellation from the school. This contact and the student's enrollment can be terminated only by written notice of cancellation from one party to another party. A cancellation notice will be hand delivered or mailed by either registered or certified mail to the address listed on the student's contract.