Fee&Payments

Fee Payments, Deposits and Refunds Policy

1. All students at LCMT are required to pay an annual tuition fee. A non-refundable Registration Fee of £150 is payable to the College for all courses. The registration fee of £150 is not refundable under any circumstances.

2. For the purposes of this policy, students that are already in the United Kingdom on a valid Students Visa or have been studying at an Institution in the United Kingdom for over a year or that are UK/EU citizens are classified as Home Students by LCMT.

3. The College reserves the right to ask Students who live overseas for evidence of their ability to pay fees, accommodation and living expenses for the duration of their course. Such evidence could be provided in the form of a letter from a recognized bank indicating that sufficient funds are available.

4. For all LCMT courses an initial deposit of 50is required for all courses in order for enrolment to be confirmed.

5. Additional costs will be incurred by students on Professional courses assessed by external bodies such as the OTHM, BCS, ACCA in respect of registration and examination fees. Students are responsible for registering to those bodies and making payments and subscriptions to them accordingly.

6. The remaining balance of course fees can be paid in one of the following options:

  • Full payment for the whole duration of the course (eligible for 5discount)
  • Rest of the balance (other 50 before the commencement of second semester of the year.
  • Mutually agreed payment plan for the rest of the fees. However students must incur a 3interest of the fees.

 

Refund Policy

1. If a student is unable to join a course due to refusal by a Government authority to grant a student visa all tuition fees paid will be refunded less the registration fee of £150 and an administrative charge of £100. Any Registration Fees paid to the external bodies will not be refunded. In this case the student must submit the official refusal letter and all original documentation including the letter of enrolment and receipts issued by the College within 4 weeks from the date of refusal. The College will then send out a Refund Application Form which must be clearly completed and sent back with the official refusal letter to the College. Refunds will be processed within 5-6 weeks of receipt of the completed refund application form.

2. Failure to observe condition 1 above will lead to no claims being accepted and no refunds being made. Prospective students who do not apply for refunds for any other reason will not be given any refunds if LCMT is not informed before the commencement of the course.

3. Anyone who has been refused an entry clearance (visa) into the UK due to falsified documents would not receive any refunds at all.

4. Once a student is accepted and enrolled on any course at the college, it will not be possible to defer the commencement of the course except under exceptional circumstances; however a deferment fee equivalent to the first intake will be charged.

5. Overseas students can defer a course for which they are enrolled only twice, i.e. after the second time no more deferment will be considered. However, deferment must be made before the commencement of the programme where an administrative charge will be applicable.

6. If a student voluntarily opts out of a programme, fees already paid are not refundable and payment for the whole of that academic year will be chargeable.

7. If the college decides on valid grounds not to run a course or terminates a particular course before its completion, due to lack of a viable number of students or any other reason, students may transfer to an alternative course at LCMT or the tuition fees already paid for the remaining duration of the course will be refunded.

8. Overseas students that have had a visa application denied but are appealing against the decision may not ask for a refund whilst their matter is still being considered by the relevant Embassy in their country. A refund will only be granted if the appeal is refused and only in accordance with the procedure stated as above in Rule 1.

9. If a student chooses to withdraw from a course, the following refund policy will be applied:

  • If written notice is given 4 or more weeks before the commencement of the course, all fees paid will be refunded less £250.
  • If less than 4 weeks notice is given before the course commencement £450 will be retained by the College.
  • •After the commencement of the course no fees can be refunded and payment for the whole academic year will be charged from the student.
  • In all cases, students who have been provided with documentation confirming their enrolment at LCMT are not eligible for any refund (except at the discretion of the College).

If students want to defer the course to the next intake a deferment fee equivalent to the first intake will be charged.

Sanctions for Non Payment of Fees

1. Students will be penalised for non-payment of course fees especially where no viable explanation for missing a payment is given to the College. A £50 charge will be applied for non-payment of installments when they are due.

2. The College will withdraw students that continuously fail to comply with payment plans that they have agreed to. Two warnings (one verbal and the other written) will be issued, after which, any such student will be withdrawn from the course and subsequently the College. In this case, no money will be refunded to the student.

3. Students that pay by Cheque that return unpaid will be charged £50 and the College will no longer accept further payments by personal Cheque submitted by them. Any bank charges incurred will be borne by the student. The College will add any charge incurred to the students’ total course fees outstanding.

Settlement of Fees

Students are encouraged to settle course fees in full before course commencement if they can. A 5discount off total fees is given for students that pay their fees in full. Discounts of £100 is also given to students who introduce students that get enrolled onto any of our courses.
Arrangements can be made for payments to be settled in installments. The initial deposits of 50percent of the annual course fees must be paid before a payment plan can be proposed. However, 3percent interest will be charged for the remaining balance.