TERMS OF PAYMENT

Deposits:
International students who require a visa to study in the UK will be asked for a deposit upon application. This requirement may come from LSBM or one of the school’s representing agents. The amount of this deposit may vary depending on the representing agency, time of year, and part of the world the student applies from. Visa support documents will not be issued until the deposit has been received. All deposits are credited towards the tuition fees. Please see the refund policy for deposits below.

Tuition Fees:
The entire tuition fees must be paid before the commencement of the programme. For international students the balance of the tuition fees must be paid to the representing agency before departure for the UK. Any deposits paid previously will be counted towards tuition.

Forms of Payment:
All payments must be in British pounds sterling. Payment may be in the form of a bankers draft, electronic bank transfer, or cash. Personal cheques are accepted on UK accounts only and with relevant guarantee cards.

Price Increases:
From time to time it may become necessary to increase the tuition fees for the programmes. Once a student has enrolled and paid full fees, provided that they continue on their programme without breaks or deferrals, they will not be subject to subsequent price increases, which may occur.

 

REFUND POLICY

Deposits:
Deposits from international students are refundable only if the student’s visa application is rejected by the British High Commission Visa Office in their home country. Upon LSBM’s receipt of an original “Visa Denial” letter issued by the British High Commission Visa Office, the deposit received will be refunded. All other deposits are credited towards the tuition fees.

Cancellations:
Cancellations will only be honoured as a result of an entry visa refusal. Cancellation and any resulting refund requests must be made in writing to the admissions office at LSBM and must be accompanied by the Visa Denial letter. Tuition fees paid prior to the start of the relevant semester are refundable only if the student has been refused a visa to study in the UK. Proof of this must be provided as above.
A letter confirming the cancellation will be sent from LSBM to the student’s home address, the Home Office in Britain, and the relevant British High Commission/Embassy in the student’s home country.
Once fees are paid no refunds will be made under any circumstance other than that stated above.

Deferrals:
If an enrolled student has paid for their classes but has to postpone due to a genuine emergency and intends to return in a later semester, all fees will be held and applied towards the subsequent term for which the student registers. This also applies if a student must drop out once the term has begun and to students who intend to re-apply for their visa after an original denial.

In order for a student to be eligible for a deferment status the student must state a subsequent term of study/registration. If the student fails to return for the stated re-entry date the tuition fees/deposit will be forfeited.
Students who defer are subject to any fee increases that occur during the period of their postponement.

International students in the UK on a student visa must remain a full time student during the duration of their stay and are not permitted to defer. International students who find they need to defer must do so before arrival in Britain or return to their home country during their period of postponement.

Dropping out once a semester has begun:
Please see “Cancellations” or “Deferrals” above.

 

ATTENDANCE AND FAILURE POLICY

Attendance:
LSBM maintains a strict attendance policy in accordance with the UK Home Office regulations for “Full Time” status students. If a student fails to maintain the minimum acceptable levels of attendance (at least 75% of class sessions) he or she will be in violation of their student visa status and may be required to re-take the class or classes and will be subject to payment of the relevant module’s fee. Please note that the school can automatically withdraw a student from a class if the student has excessive absences.

Failure:
If a student fails to achieve acceptable academic progress in one or more of their modules they may be asked to re-take the module and will be subject to that modules full fees. If a student is required to re-take an assessment only, without the need to re-take the entire module, a fee of £150 per assessment is payable. The assessment can be re-taken once. Please refer to the full LSBM academic regulations for details on re-sits, re-takes, progression, and awards.