Introduction

NewEra College is committed to providing clear financial policies and options to help students manage their educational expenses. From tuition deposits and payment plans to refund policies and discount programs, the college ensures transparency in all financial matters. Students can take advantage of payment flexibility, scholarships, and discounts to reduce their financial burden, while cancellation and refund policies are designed to accommodate unforeseen circumstances. Additionally, NewEra College’s ethical collection practices promote positive relationships with students. This document outlines all relevant financial policies to help students make informed decisions as they pursue their educational goals.

NewEra College provides a variety of short-term payment methods to help students meet their financial responsibilities as conveniently as possible. Through these plans, students are able to make tuition and fee payments throughout the semester.

Tuition Deposit and Registration Fees:
All successful applicants to the NewEra College programs are required to pay 20% of the tuition fees as a deposit to accept their place. Students must also pay a one-time Registration Fee of $200 upon program registration, refund policy applied.

Payment Options:

a- Payment in Full for program

Students have the option to pay the full tuition amount for the entire program upfront. This ensures that all financial obligations are met at the beginning of the enrollment period.

b- Payment Plan Options

For students who prefer to make full payment at the start of each semester, NewEra College provides this option to manage tuition on a per-semester basis. Alternatively, students who require more flexibility may be eligible for a monthly payment plan, the school, at its sole discretion, may approve a monthly payment plan (a maximum of five payments during the fall and spring semesters). The payment schedule follows the Gregorian calendar, and due dates are determined accordingly. Current and subsequent schedules of payment will be attached to and made part of the student’s Enrollment Agreement.

Payment Selection

Monthly payment options may be selected before the start of each semester, provided the student’s tuition account remains in good credit standing. Good credit standing means that the student’s account is current and all payments have been made on time. Payments are due on the 5th day of each payment month. The student’s LMS account will be suspended and a $20 surcharge will be added monthly for the late payment(s), which may jeopardize the student’s good credit standing and eligibility for future payment plans. If payments are not made by the end of the payment month, the student’s account will be subject to closure, where a reactivation charge of $100 will be paid for LMS reactivation subject to full late payments paid before term final exams start date. The school may withhold grade reports, records, diplomas and other services if the student fails to pay any amounts due. The school may bar the student from registering for any future semesters until the student account is fully current.

Payment Methods and Service Charges:

The institution accepts bank transfers and major debit and credit cards with surcharge of 4% applies to cover processing fees, and in case of a wire transfer, a $50 fee will be added.

Payment Schedules:

Payment dates are set by the school, and payment schedules will be attached to and made part of the student’s Enrollment Agreement. Certain student fees are not eligible for payment plans and are due in full by the payment deadline. If the student fails to make any payment on time, the entire unpaid balance including service charges, plus any applicable penalty charges may, at the sole option of the school, become immediately due and payable. The school has the right to change tuition and fees at any time. The amount of tuition and fees is stated in the Catalog in effect for each education year.

Cancellations

Non-Acceptance: An applicant denied by the school is entitled to a refund of all monies paid.

Three-Day Cancellation: An applicant who provides written notice of cancellation within three days (excluding Saturday, Sunday and federal and state holidays) of signing an enrollment agreement is entitled to a refund of all monies paid. No later than 30 days of receiving the notice of cancellation, the institution shall provide the 100% refund.

Other Cancellations:

1. The student requesting cancellation more than 3 calendar days after signing an enrollment agreement, but prior to beginning the program, is entitled to a refund of the payment minus:

• A transfer credit evaluation fee $200 (if applicable);
• A one-time registration fee of the tuition of $200; and
• Library service fees, if provided by a third-party service.
• Any other third-party service’s fees.

2. The institution policy dictates a cancellation for the suspended accounts if not full late payments and reactivation action taken before the first day of the final exams (Tuition refund policy applied).
3. The institution policy dictates a cancellation for the expelled students, tuition refund policy applied.

Refunds after the commencement of classes:

The Institution assumes that all prospective students will have thought long about taking up a program and therefore applying for admission.

However, the Institution understands that there are many reasons for wishing to withdraw from the program, both before and after the program has commenced. Consequently, the Institution policy on refund of fees upon withdrawal in the event of cancellation, for whatever reason, the following will apply: 

1. Cancellations must be made in writing using the form for cancellation and will only be considered to have been made on the date on which the institution received it.
2. For a student who is on authorized leave of Absence and provided the form with supporting documents for approval. The withdraw date is 30 calendar days from the date the student was scheduled to return from the LOA and did not return.
3. A student will be determined to be withdrawn from the institution if the student has not attended any class for 30 days (For full time programs only).
4. All refunds will be issued within 30 days of cancellation request approval.

Tuition charges/refunds:

• Before the beginning of classes, the student is entitled to a refund of 100% of the tuition, minus the registration fee of $200.
• After the commencement of classes, the tuition refund, minus the registration fee of $200 will be determined as follows, the tuition refund amount shall be based on the total cost of enrolled semester fees of the student for the current semester:

The percentage of the semester attempted is determined by dividing the total number of days elapsed from the student’s start date to the student’s last day of attendance, by the total number of days in the semester.

For students enrolled in two or more semesters that award program certificate, NewEra College treats each semester separately for the purposes of calculating the appropriate amount of tuition refund owed to the student.

The institution calculates the refunds based on the discounted costs.

Books, Supplies and Fees

Books, materials, software licenses, library services, and other supplies required for course completion are not provided by the school and are not the responsibility of the school; they are the responsibility of the students to purchase separately. Fees related to these items may be paid directly to outside vendors chosen by the students. NewEra College is not responsible for and does not provide refunds related to these items. Refunds and related fees of these items are subject to the outside vendor policies and agreements with the student.

Refund Issuance Schedule

Refunds will be issued within 30 days from the date of student notification, or date of school determination (withdrawn due to absences or other criteria as specified in the school catalog), or in the case of a student not returning from an authorized Leave of Absence (LOA), within 30 calendar days from the date the student was scheduled to return from the LOA and did not return.

Collections

Collection procedures used by the institution or third parties reflect sound and ethical business practices. Tuition collection practices and procedures are fair, encourage students’ progress, and seek to retain their good will. Collection practices consider the rights and interests of the students and the institution.

IMPACT STATEMENT

The institution discloses its tuition, cancellation, refund, and collection policies and procedures prior to student enrollment. All cancellations and refunds are processed promptly upon notification by the student in any manner. The institution maintains student good will throughout the collections process and assures that students are aware of the responsibilities and obligations of both the institution and the student.