Transcript/Diploma/Certificate Financial Hold Exemption Policy

1. Individuals may be subject to a transcript, diploma, or certificate hold when such individual owes certain debts to the school for tuition, room and board fees, or financial aid funds. Individuals will be subject to such a hold when tuition balance has been outstanding for over 90 days and or 20% of the program cost is outstanding, at which the lowest amount of debt will be assigned to a third-party collection agency. If an individual is subject to such a hold, their transcripts, diplomas, or certificates will not be released unless an exemption applies as outlined in section 2 of this policy.

2. Exemptions are granted for individuals who can demonstrate that the transcript/diploma/certificate request is required for one of the following reasons:

a. Job application

b. Transferring to another postsecondary institution

c. Applying for state, federal, or institutional financial aid

d. Pursuit of opportunities in the military or national guard

e. Pursuit of other postsecondary opportunities

3. Process and Procedure for Exemptions: Upon submission of a transcript/diploma/certificate request and documentation to verify an exemption, the School will review the request and make a determination regarding whether or not an exemption exists, as outlined in section 2, above. If it is determined that the individual has a valid exemption, the School will release the requested transcript/diploma/certificate. If the School determines that the individual does not meet the exemption criteria, the School will provide a written explanation of the denial of the request within seven business days. School Sample Transcript and Certificate Release Policy Page 2

4. [If applicable] Registration Holds: Individuals will no longer be able to register or enroll for courses/classes if tuition balance has been outstanding for over 90 days and or 20% of the program cost is outstanding, at which the lowest amount of debt will be assigned to a third-party collection agency.

5. Individuals have the option to establish a payment plan for an outstanding debt. An individual who wishes to establish a payment plan for a debt owed to the School should contact: Elysian Academy of Cosmetology (970) 460-6502 6. Complaints pertaining to HB22-1049 may be submitted to the Colorado Student Loan Ombudsperson via email to CSLSA@coag.gov.