WITHDRAWAL, TRANSFER & REFUNDS
Our Refund Policy & Procedures
Students are recruited onto appropriate courses, according to their needs, desires and mindful of their chances of success. Where possible, through further counselling, the student will be offered the opportunity to transfer to another more suitable course. If transfer is not feasible or desirable, the student may withdraw from the course
COMMUNICATION
Communicating Refund policy & procedures
London School of Business & Finance shall manage student request for a course transfer or withdrawal in a fair and mutually acceptable manner and communicate the Transfer & Withdrawal policy to all students via:
WITHDRAWAL, TRANSFER & REFUNDS
Policy changes & updates
London School of Business & Finance will regularly review and update the Transfer/Withdrawal policy to ensure that it remains fair to students & compliant with local law and best practice. This policy should always be read in conjunction with the London School of Business & Finance Refund Policy.
The FPS applies to all students regardless of nationality and the type of passes held by the students, i.e. dependent’s pass, student’s pass, work permit, etc. London School of Business & Finance (LSBF) has put in place the scheme below to protect the students’ fees in the event of a school closure. Read more to find out the details.
The FPS applies to all students regardless of nationality and the type of passes held by the students, i.e. dependent’s pass, student’s pass, work permit, etc. London School of Business & Finance (LSBF) has put in place the scheme below to protect the students’ fees in the event of a school closure. Read more to find out the details.
The FPS applies to all students regardless of nationality and the type of passes held by the students, i.e. dependent’s pass, student’s pass, work permit, etc. London School of Business & Finance (LSBF) has put in place the scheme below to protect the students’ fees in the event of a school closure. Read more to find out the details.
REFUNDS
Cooling-Off Period
LSBF offers students a cooling-off period of 7 working days after the date that the Contract has been signed by both parties. There is a cooling-off period of 7 working days for maximum refund in clause 2.3 of the student contract.
Students will be refunded the highest percentage of the fees (as per refund table below) already paid if the Student submits a written notice of withdrawal to the PEI within the cooling-off period, regardless of whether the Student has started the course or not.
After the cooling-off period, refund policy will apply as follows.
Percentage of Aggregate refunds fees post written notice of withdrawal is received
More than thirty (30) days BEFORE the course commencement date.
70%
(“Maximum Refund”)
More than fifteen (15) days, but not more than thirty (30) days BEFORE the course commencement date
50%
More than seven (7) days, but not more than fifteen (15) days BEFORE the course commencement date
15%
Not more than seven (7) days BEFORE course commencement date, but not more than than fourteen (14) days AFTER the course commencement date
5%
More than fourteen (14) days AFTER the course commencement date
0%
LATE FEE POLICY
Late Payment of Fees
A late payment of S$54 per day (including of prevailing GST) will be imposed for course fees received later than 7 days after the due date stated on the student contract. London School of Business & Finance reserves the right to cancel the Student’s Pass of a student who has not made payment 15 days after the due date.