Installment schedule

Students are required to review their detailed Statement of Fees through the Student Information System (SIS) and then proceed to make the corresponding tuition fee payment at any BankMed branch or on Campus at the finance Office according to the published payment schedule.

Failure to abide by the deadlines set for the settlement of the four installments will result in the following:

• A late payment fee of LL 3,000,000 or $30 will be applied to each delayed installment.
• Transcripts, certificates, and all official documents will be withheld until all financial dues are settled
• Grades will be withheld.
• Future course registration will be restricted.
• The diploma will be withheld.

All students are required to complete their registration within the designated registration period. Failure to do so, for any reason, will result in automatic placement in the late registration period, with an associated penalty fee of $20.

Any student who wishes to skip a semester must first check with the Registrar. A Continuous Enrollment Fee of $20 is required to maintain active student status. Failure to pay by the deadline will result in a late Continuous Enrollment Fee of $30 instead of $20.

Course Drop and Withdrawal Policy

In case a student decides to drop a paid course(s), the following applies:

• During the drop and add period, any paid tuition fees for the dropped course(s) will be fully credited to the student’s account and reflected in their statement of fees.
• After the drop and add period, no refund will be applied, unless the student withdraws due to emergent circumstances. Refer to the withdrawal section of the catalog for more information.

• If a student decides to officially withdraw from the University, then the refund policy applies:
  • For students who have paid assigned payments of the tuition fees:
  • Before the official beginning of classes, 75% of the tuition and fees will be refunded
  • First day of the classes and during Drop and Add period, 50% of the tuition and fees will be refunded
  • After Drop and Add Period, no refund will be issued

All refunds and adjustments will be applied to the student’s account and updated in the student billing system. Proper payment processing ensures accurate financial transactions and helps maintain correct records for tuition management and credit price calculations.

Graduation Clearance and Deposit Refund

Upon completing all the graduation requirements, students must obtain and submit a clearance form from the Registrar’s Office. Once the form is completed and all required signatures are secured, the general deposit will be refunded within four months following the graduation date. The dormitory deposit is refundable upon graduation and vacating the dormitory facility.

Please note that any student with an outstanding balance on their student account will not receive clearance and will not be issued their diploma until all balances are fully settled. All refunds will be processed after deducting any remaining tuition fees or other financial obligations, ensuring accurate student billing, payment processing, and financial transactions.