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Refund & Cancellation Policy

We know a placement fee is real money on top of tuition. Here's exactly when a refund applies, when a replacement is provided instead, and how to request either.

Last updated: July 2026
On this page
  • 1. Deposits & when work begins
  • 2. If we can't find a match
  • 3. If a preceptor falls through
  • 4. Cooling-off cancellation window
  • 5. What isn't refundable
  • 6. How to request a refund
  • 7. Processing time
  • 8. Contact

1. Deposits & when work begins

Most engagements begin with a deposit that authorizes your coordinator to start searching for a preceptor. Work — including outreach to preceptors and sites — typically begins within one business day of a confirmed deposit and completed intake.

2. If we can't find a match

If, after an active search, we are unable to match you with a preceptor who meets your program's requirements for your specialty and state, you are entitled to a refund of fees paid for the matching service. We will confirm this outcome with you directly rather than leaving a request open indefinitely.

3. If a preceptor falls through

If a confirmed preceptor becomes unavailable, cancels, or is no longer suitable after your rotation has started, we will prioritize sourcing a replacement at no additional matching fee. Replacement timelines depend on specialty and state availability, and your coordinator will keep you updated throughout.

4. Cooling-off cancellation window

If you change your mind before active matching has started, you may cancel and request a full refund within 5 days of your deposit. Once outreach to preceptors or sites has begun on your behalf, this window closes, since that work has already been performed.

5. What isn't refundable

  • Fees for paperwork or coordination work already completed and submitted on your behalf.
  • Cases where a suitable match was found and offered, but declined by the student for reasons unrelated to program fit (e.g. a change of personal plans).
  • Delays caused by incomplete, inaccurate, or late information provided by the student, or by delays on the part of the student's school.
  • Requests submitted after the cooling-off window in Section 4, where active matching work is already underway.

6. How to request a refund

Email contact@preceptorspot.com with your name, program, and the reason for your request. Your coordinator will review your case file and respond with a decision and next steps.

7. Processing time

Approved refunds are processed back to the original payment method. Processing time depends on your bank or payment provider once we've issued the refund on our end.

8. Contact

Questions about this policy, or a specific case, can be sent to contact@preceptorspot.com.

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