All prospective students must file an enrollment agreement with IBF. Admission to an IBF program is based on evidence of a student's ability to benefit from the educational program. Such evidence may include any or all of the following: student's academic record in other institutions, professional experience, motivation and educational objectives. For students of compulsory institution age (usually 18 or under), IBF will establish with responsible parties that pursuit of the course will not be detrimental to required schooling prior to enrollment.

Academic Policies
Students may enroll in a program at any time. Upon acceptance, IBF will notify student of enrollment via e-mail. Students must complete the program within 12 months from their enrollment date (date materials are shipped). If more time is needed, additional three-month extensions may be purchased for $40 per extension. Students are eligible to sit for an exam 10 days following enrollment in the course. All exams are closed-book and are administered by a proctor. Exams and case studies are graded on a pass-fail basis. If you fail any exam, there is a $75 re-examination fee. If needed, the student must submit a written request for a leave of absence or waiver of standard policies which may be granted as warranted by the circumstances. Students and designees must report any change of name, address, e-mail address or telephone number to Student Services as soon as the change occurs.

Academic Integrity
IBF requires academic integrity of all students. All exams and case studies must be completed by the student without assistance. Students guilty of plagiarism or other academic dishonesty shall be subject to disciplinary action.

Additional Information
IBF programs are not alternatives to state or federal licensing requirements. IBF is not a public institution. IBF has not filed, nor has had filed against it, a petition in bankruptcy. IBF is a distance-education institution and therefore, no visa services are provided. IBF does not provide English as a Second Language (ESL) instruction. IBF does not offer placement services.

Cancellation, Withdrawal and Refund Policies
Students have the right to cancel their Enrollment Agreement. Cancellation shall occur when the student submits a written and signed Notice of Cancellation to the Institute of Business & Finance, 470 Nautilus St, Suite 312, La Jolla, CA 92037 or via fax to (858) 454-4660. The written Notice of Cancellation, if delivered by mail, is effective when deposited in the mail properly addressed with postage prepaid. Enrollment is non-transferable. IBF shall refund all fees paid to IBF by or on behalf of a student who cancels within five days after enrolling. Students have a right to withdraw and obtain a refund. Fees paid less non-refundable processing and shipping fees are refundable within 12 months of enrollment according to the schedule below.

If the student cancels or withdraws within 10 days of enrollment, IBF shall issue a refund within 10 days after IBF receives notice of withdrawal. Otherwise, IBF shall issue a refund within 30 days after IBF receives notice of withdrawal.

Example: A student enrolls in a program on the 5th of the month paying $1,165 (which includes the $150 non-refundable processing fee). If the student submits a written Notice of Cancellation before the 10th of the same month, the refund would be $1,165.00 (100% of all fees paid). If the student submits a refund request between the 11th of the same month and before a full year has passed from the date of enrollment, the student would receive a refund depending on how many exams were taken.

If no exams were taken, the refund would be $1,015.00 ($1,165 - $150 = $1,015). If the student took one exam, the refund would be $676.67 ($1,165 - $150 = $1,015 x 2/3 = $676.67). If the student took two or three exams, the student would not receive a refund.

If the student obtains a loan to pay for the course of instruction, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student is eligible for a loan guaranteed or reinsured by the state or federal government and the student defaults on the loan, the following may occur: (A) The federal or state government or the loan guarantee agency can take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan; and (B) The student may not be eligible for any other federal financial assistance for education at a different institution or for government housing assistance until the loan is repaid.

Confidentiality of Student Records
It is our intent to protect the privacy of your financial, academic and other school records. We will not release such information to any individual without having first received your written request to do so or unless otherwise required by law. IBF may release the following directory information to anyone who requests it: student name, address, telephone number, programs completed, dates of enrollment, completion dates and current designee status. Students may submit a written request that directory information not be released.