Amends GS 115D-90(b)(7) to require that the school bulletin that must be included with a proprietary school’s license application contain policies and regulations providing for at least a full refund if the student withdraws before the first day of class or the college cancels the class and a 75% refund if the student withdraws within the first 25% of the enrollment period that the student was charged for. Applies beginning with the 2011-12 academic year.