REFUND POLICY

Student must submit a written, signed and dated notice of cancellation  and refund to the Registrar in order to qualify for cancellation of the enrollment agreement and to a refund of excess paid value. The cancellation effective date is the date of notice submission. If a student has applied for and received government financial aid funds, the student is entitled to a refund of the unpaid amounts from the government financial aid program funds. Students who withdraw from the program before enrollment or within the first 7 days after enrollment will receive a 100% refund of any paid tuition and fees. If student withdraws after the first class session or after 7 business days from enrollment date, a prorated refund shall not be less than the total amount owed by the student for the portion of the educational program provided subtracted from the amount paid by the student, calculated as follows: The amount owed equals the daily charge for the program (total institutional charge, divided by the number of days or hours in the program), multiplied by the number of days student attended, or was scheduled to attend, prior to withdrawal.

All refundable amounts paid by the student in excess of what is owed as calculated above shall be refunded. Except as provided herein, all amounts that the student has paid shall be subject to refund unless the enrollment agreement and the refund policy outlined in the catalog specify amounts paid for an application fee or deposit not more than S$500.00, books, supplies, or equipment, and specify whether and under what circumstances those amounts are non-refundable. In addition to APSB’s commitment to apply low cost tuition which is usually about 30% of what regularly applied at most of the for-profit postsecondary educational facilities, APSB develops customized financial-aid packages based on student’s level of financial need, and the availability of allocated funds.

Every student package may include any or a combination of the following major financial aid programs including Gift aid that does not require repayment and is divided into three categories which are Grants that recognize financial need, Scholarship in recognition of academic merit and Awards, Loans, that must be repaid to lender (usually after graduation) and can come from private lenders and university sources when allocated funds are available, and Work-study allows students to earn money for University expenses while gaining valuable skills – often in their intended field. All accepted students are eligible for interest free payment plans without any banking process or credit reviews, 10% immediate discount if tuition is paid in full, and 5% if paid in full within three months from enrollment date and 10% special discount if student is a first relative of a APSB current or graduated student. Textbook recycling program manages used textbooks’ collection and redistribution free of charge. This service helps a wide range of students who may face a financial strains purchasing educational materials. Other forms of scholarship and financial assistance are as listed in the University catalog and website www.apsb.edu.eu or www.aaguc.ac.nz.