ADI Online Enrollment Application Terms and Conditions
APPLICANT HEREBY REPRESENTS AND WARRANTS TO THE INSTITUTE THAT:
The Automotive Dealership Institute is not an employer nor an employment agency. Although the Institute offers placement assistance, it cannot guarantee placement. No promises or grantees express or implied have been made by anyone associated with the institute regarding employment of any kind upon gradation.
THIS AGREEMENT IS A LEGAL DOCUMENT AND IS BINDING ONCE THE STUDENT AND THE SCHOOL REPRESENTATIVE SIGN IT. THE INSTITUTION HAS MADE ALL DISCLOSURES.
Refer to Catalog pages 15 and 16 for Student Grievance Procedure. If you have any complaints, and the complaint can not be resolved after exhausting the institution’s grievance procedure, you may file a complaint with the Arizona State Board for Private Postsecondary Education. You must contact the State Board for further details. The State Board address is: 1400 West Washington, Room 260, Phoenix, AZ 85007 Phone: 602-542-5709 Website: http://azppse.state.az.us
NOTICE
ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSE WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED THE AMOUNTS PAID BY THE DEBTOR HEREUNDER.
Rejection: An applicant rejected by the school is entitled to a refund of all monies paid.
Three-Day Cancellation: An applicant who provides written notice of cancellation within three days (excluding Saturday, Sunday and federal or state holidays) of signing an enrollment agreement is entitled to a refund of all monies paid. No later than 30 days of receiving the Notice of Cancellation, the school will provide a refund of all student fees and tuition paid.
Other cancellations: An applicant requesting cancellation more than three days after signing an enrollment agreement and making an initial payment, but prior to entering the school, is entitled to a refund of all monies paid minus a registration fee of $200.
Refund after the commencement of classes:
1. Procedure for withdrawal/withdrawal date: A student choosing to withdraw from the school after the commencement of classes is to provide written notice to the Registrar or the Director of the school. The notice is to indicate the expected last date of attendance and be signed and dated by the student. For a student who is on authorized Leave of Absence, the withdraw date is the date the student was scheduled to return from the Leave and failed to do so.
2. Tuition Charges: Tuition charges for the enrollment period (not to exceed 12 months) will be determined based upon the student’s last day of attendance and the resulting percentage of the enrollment period completed. The percentage of the enrollment period completed is determined by dividing the number of clock hours attempted by the total number of clock hours in the enrollment period. Tuition charges and refund amounts for the enrollment period are determined as follows:
| % of the clock hours attempted: | Tuition Refund amount: |
| 10% or less | At least a 90% refund |
| More than 10% and less than or equal to 20% | At least a 80% refund |
| More than 20% and less than or equal to 30% | At least a 70% refund |
| More than 30% and less than or equal to 40% | At least a 60% refund |
| More than 40% and less than or equal to 50% | At least a 50% refund |
| More than 50% | No Refund is required |
3. Books and Supplies: There is no refund for equipment, books and supplies received by the student.
4. Special Cases. In case of prolonged illness or accident, death in the family, or other circumstances that make it impractical for the student to complete the program, the school may make a settlement, which is reasonable and fair.
Hypothetical Refund Example:
Assume that a student, upon enrollment in the 160-hour Hybrid course, pays $8,000 for tuition (which includes books, materials costs, certifications and registration fee totaling $2,144). Assume that this student withdraws after completing 40 hours. The refund would be $6,856.
| $8,000 | / | 160 | = $50.00 | X 120 | = $6000 | - | $2144 | =$3856 | |
| tuition | total clock hours | cost per clock hour | clock hours of pro-rated instruction paid but not received | books, refund | actual refund materials & registration | ||||
For the purpose of determining the amount owed for the time attended, a student shall be deemed to have withdrawn from the course when any of the following occurs: (a) The student notifies the Institute of his/her withdrawal or the actual date of withdrawal in writing. (b) The Institute terminates the student’s enrollment. (c) The student fails to attend classes for 30 calendar days. In this case, the date of withdrawal shall be deemed to be the last date of recorded attendance.
The eligibility for a refund will not apply to a student if the following occur:
- If a student withdraws after 50% of the charge period.
- All of the student’s tuition and fees (total charges) are paid by a third-party agency such as federally funded employment and training programs or a vocational rehabilitation program if the student is not obligated to repay the third-party agency.
- If there is a written agreement entered into on or before the date the student enrolls between the third-party agency and the institution.
Please refer to the schedule below to see a detailed breakdown on the refund policy .
| SECTION I – FINANCE AND INSURANCE – PRIME Chapter 1 FINANCE AND INSURANCE – PRIME: The F&I Department and The F&I Manager |
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| DAY 1 - | 1.1.1 | Finance Definitions / F&I Department The F&I Department: A Dealership Profit Center Basic Finance Definitions F&I Department |
| DAY 2 - | 1.1.2 | F&I Manager and Sales Department F&I Manager Working with Sales Management The Business Office |
| DAY 3 - | 1.1.3 | Finance and Dealership Terms |
| Chapter 2 FINANCE AND INSURANCE – PRIME: Interest and Finance Charge Calculations |
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| DAY 4 - | 1.2.1 | APR and Add-On Definitions Annual Percentage Rate – APR Add-On rate |
| DAY 5 - | 1.2.2 | Types of Finance Charges / Simple Interest |
| 1.2.3 | Precomputed Interest | |
| DAY 6 - | 1.2.4 | Calculating Finance Reserve |
| 1.2.5 | Dealership Participation / Rate Caps | |
| Chapter 3 FINANCE AND INSURANCE – PRIME: Credit and Prime Lending |
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| DAY 7 - | 1.3.1 | Purchaser’s Statement / Credit Application |
| 1.3.2 | Overview Of Credit Bureaus | |
| 1.3.3 | Experian Credit Profile Report | |
| DAY 8 - | 1.3.4 | Equifax Credit Profile Report |
| 1.3.5 | Trans Union Credit Profile Report | |
| DAY 9 - | 1.3.6 | Prime Lending and Loan Process |
| 1.3.7 | Dealing with Lenders / Credit Unions | |
| DAY 10 - | 1.3.8 | Structuring and Placing the Loan |
| 1.3.9 | Qualifying / Deal Structuring | |
| SECTION II: LAWS, RULES AND REGULATIONS Chapter 1 F&I MENU SELLING PROCESS / OBJECTION HANDLING: Introduction to Finance Products |
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| DAY 15 - | 3.1.1 | Extended Service Contract Vehicle Maintenance Care Credit Insurance Guaranteed Auto Protection GPS Security and Tracking System Vehicle Tracking / Recovery System - Lojack Security Code Marking System |
| Chapter 2 F&I MENU SELLING PROCESS / OBJECTION HANDLING: F&I Menu Selling Process |
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| DAY 16 - | 3.2.1 | Custody of the Customer / Customer Interview Process Meet & Greet Review and Confirm the Figures Review Purchaser’s Statement and Credit Report |
| DAY 17 - | 3.2.2 | Finance Menu Presentation |
| 3.2.3 | Contract Disclosures | |
| DAY 18 - | 3.2.4 | F&I Menu Presentation – STEP 1: Customer Interview Process |
| 3.2.5 | F&I Menu Presentation – STEP 2: Legal and Registration Paperwork | |
| 3.2.6 | F&I Menu Presentation – STEP 3: Product Presentation | |
| 3.2.7 | F&I Menu Presentation – STEP 4: Contract Disclosure | |
| Chapter 3 F&I MENU SELLING PROCESS / OBJECTION HANDLING: Overcoming Customer Objections |
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| DAY 19 - | 3.3.1 | Objection Handling “I’m Not Interested in Hearing About any Products” “I Can’t Afford Additional Protection” Putting the Cost in Perspective ESC vs. Manufacturer’s Warranty ESC Value vs. Insurance Coverage ESC vs. My Personal Mechanic 99.9% Close ESC: A No-Lose Option ESC: Cost vs. Coverage “I Already Have Life Insurance.” “I am Not Interested in Disability Insurance” GAP vs. Vehicle Replacement Costs GPS Security Systems vs. Alarms Anti-Theft System vs. Vehicle Replacement Costs Appearance Package vs. Vehicle Trade-In Value |
| DAY 20 - | 3.3.2 | Credit Union Conversions |