COURSE
FEE REFUND POLICY
The
Refund Policy has been put in place to:
- Safeguard College from
parents of students who do not have the intention of attending courses but
merely using the College for financial benefits from Financial
Institutions.
- Safeguard the College from loss
of revenue from withdrawals.
- Safeguard the College from loss
of properties from intending withdrawals.
- Safeguard the students
from sponsors who are not genuine in supporting.
- Student gain education &
qualification
- Secure a students placing for
continuation of studies the following semester or academic year.
- Allow genuine students
with interest to study placing on programs.
REFUND PROCEDURE
- Refund of the course fee shall
be done only through a submission of intent to withdraw in writing
to the College using the format attachment 1.
- The
letter of withdrawal should be submitted along with ID cards plus other
properties received or borrowed from the College.
- The
letter of withdrawal would be effective from the date the
"Approval" was given by the Principal and not when the letter
was posted or the student stop attending the classes.
- The
eligibility and the amount of the refund shall be considered using the
following considerations:
REFUND
AMOUNT
|
ELIGIBILITY
CRITERIA
|
100% refund-less
administrative cost applied
|
|
95% refund -less admin cost
applied
|
|
50% refund- less admin cost
applied
|
Refund within the first five
weeks (disrespect of reasons given)
|
No Refund
|
Note:In cases where students decided to withdraw, the students
must take up studies within the 12 months after withdrawal from the current
semester or academic year. A withdrawn student that has no intention to take
up studies later on must not change his mind & try to gain entry without
having to pay the full course fee. The forfeiture amount from such cases is
the penalty for taking up the space that could have given to another
student that has genuine interest in studying in the College.
|
PAYMENT OF REFUND
All
payments of refund would be made payable to the sponsor in a form of Cheques.
Before a refund is made or the withdrawal is Endorsed, the student must obtain
an approval from the sponsor endorsing the withdrawal before the College
considers the request for withdrawal from the student. The College will not
cash the cheques for the sponsors but can arrange direct deposit to the
sponsors account.
THIRD PARTY - COLLECTION OF FUND
The
College will allow third party collection of Cheques from the College on behalf
of the sponsor (s) nor would refund made to student who is clearly sponsored by
a Company - Landowner company included. Otherwise the non-refund policy
"Accumulation" of fund towards the following year's academic programs
becomes effective & no refund is calculated & paid current year.