Tuition

What is IYRS’s refund policy?

IYRS Refund Policy Summary

Before School Begins

When a student requests the cancellation and/or refund within three (3) business days of
signing the enrollment agreement and before classes have begun the application will be
cancelled and all monies paid will be refunded in full.

After School Begins

Refunds are based on the period of enrollment computed on the basis of course time
expressed in clock hours and/or credit hours.

The effective date for refund purposes:
a. If the student is terminated by the school, the last day of attendance.
b. If the student withdraws, the earliest of the following:

1. postmarked date of written notice from the student
2. ten school days following the last day of attendance

If a student is terminated or withdraws after classes commence tuition and fees will be
refunded based on the following:

a. During the first quarter of the program, 75 percent of the tuition, less a registration fee of $100.00.
b .During the second quarter of the program, 50 percent of the tuition, less a registration fee of $100.00.
c. During the third quarter of the program, 25 percent of the tuition, less a registration fee of $100.00.
d. During the fourth quarter of the program, the student may be considered obligated for full tuition and fees. 

For the Boatbuilding & Restoration Program, the policy above applies for each year of the
program. Refunds will be made within 30 days after the effective date of termination or
cancellation.

Refund Dates

2025-2026 School Year