Refund Policy
London School of Business & Finance (LSBF) undertakes to ensure that through the implementation of its application policies, all students are recruited into appropriate courses, according to their needs and aspirations and those students are mindful of their chances of success.
The Refund Policy is clearly communicated to all students via the website, Student Contract, Student Handbook, Orientation Slides and Notice Boards.
Amount Non – Refundable
The amount non-refundable is as per the Student Contract in Schedule 2.2 whereby it states that LSBF will not refund the following:-
| Miscellaneous Fees | Amount (S$) |
|---|---|
|
Application Fee (International Students) |
S$535 |
|
Application Fee (Transfer Students) |
S$321 |
|
Exam Appeal Fee |
S$100 |
|
Late Payment Fee per day |
S$50 |
|
Supplementary Exam Fee (per module) |
S$100 |
|
Deferment Fee (student unable to come to Singapore to start course as initially scheduled) |
S$50 |
|
Admin Charge for student pass replacement |
S$50 |
|
Replacement of Student ID card (per replacement) |
S$50 |
|
Course Transfer Administrative fee* |
S$50 |
|
Fee Protection Scheme (FPS) |
(Absorbed by London School of Business & Finance) |
|
Books |
S$50 - S$300 |
* Course transfer is only allowed within the same intake. No course deferment from one intake to another shall be allowed.
* Course transfer is only applicable to transfers within London School of Business & Finance. Transfer to another School will be deemed as withdrawal.
It is acknowledged, however, that despite LSBF’s best efforts during counselling and induction, some students will find that the course they have enrolled for is not suitable for them. In such cases, the Transfer and Withdrawal Policy shall apply.
Where possible, and through further counselling, the student will be offered the opportunity to transfer to another more suitable course.
Should a transfer not be feasible or desirable, the student may withdraw from the course. In such a case, the terms of our Refund Policy shall apply. If the student is on a Student’s Pass, LSBF will be obliged to report to the ICA of the student’s withdrawal from the course.
Withdrawal applies when the student wishes to discontinue with the course. It does not apply to Suspension or Expulsion for Disciplinary reasons, where other policies will be put in place applicable to such cases.
LSBF will refund students based on the scenarios listed below with stipulated refundable amounts and the timeframe:
