Fee Payment & Policies
How to make payments
Tuition fee payments via the LSBF ePayment
All fee payments are to be made to South East Asia Academy Sdn. Bhd. (168352-H) (Wholly owned by LSBF), payable via Cash/Visa/Master Card/AMEX/Debit Card or Telegraphic Transfer.
Account Name South East Asia Academy Sdn.Bhd
Account Number 8000468522
Bank Name CIMB Bank
Bank Address Menara UAB – CIMB, 6, Jalan Tun Perak City Centre, 50050 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Swift Code CIBBMYKL
Payment Terms & Conditions
Payment of Fees
- All applications must be accompanied with fees payable upon registration (Kindly refer to the LSBF – Fee Structure for more details).
- To enjoy all LSBF benefits including scholarships and payment options at the campus, the LSBF – Fee Structure must be complied with. All fees irrespective of programme selected or options chosen, are due on the 2nd day of every month in the calendar year.
- Scholarship rebates are applied only upon completion of payment(s). Any form of rebates are only applicable for local Malaysian students.
- Access to usage of lockers, library and computer/Internet facilities are complimentary.
- Requests (in the form of a written request) for change of payment option requires prior written approval by LSBF should the request be received after the commencement of the programme.
- Late fee payment will be penalised at a rate of RM10 per day, and/or a change in fee payment option.
- Rebate for exemption subjects are only applicable for a maximum of 5 subjects and no exemption for final academic year. (Upon Registration)
- Admission and Progression to Courses
- Admission and Progression into courses will be jointly decided by the LSBF Admission Board, the professional bodies and its university partners. Satisfaction of admission requirements does not mean admission to the course selected. Students admitted will receive a Letter of Acceptance from LSBF. Progression to the next level of study will depend on successful completion of the course studied, class attendance and conduct of student.
Cancellation, Withdrawal, Deferment and Transfer of Course
All applications for cancellation, withdrawal, deferment or transfer of course must be made in written form and in accordance with Standard PEI-Student Contract.
Refund Policy
LSBF will not entertain any request for refund, except if it falls under the following circumstances after which the refund will be processed within 21 working days of application in writing:
- Rejection of Student Pass by Malaysia Immigration Department: If the student pass is rejected, the total fees paid, less the student pass application and administration fees, will be refunded.
- Compulsory English Placement Test: International students are required to take the compulsory English Placement Test, upon arrival in Malaysia before the commencement of the enrolled course. Should the student’s English Language Test results not meet the English proficiency requirements, the student will be required to enrol for the required level of Intensive English course. The course fees paid will be applied to the fees applicable for the required level of Intensive English and the balance of the course fees will be refunded.
- Refund Table: Refund of programme fees with the exception of the above clauses 4.1 and 4.2 would be in accordance with the refund table as follows:
| Percentage of Aggregate of the Programme fees and Additional Fees Paid (If Applicable) | If Students’ written notice of withdrawal is received |
|---|---|
| 80% of the full programme fees
(If Payment received is less than 20%, no refund will be made) | More than 60 days before the commencement date |
| 50% of the full programme fees
(If Payment received is less than 50%, no refund will be made) | 59 to 45 days before the commencement date |
| 0% | 45 or lesser days before the commencement date |
Students enrolling into ACCA Courses
Students enrolling in professional programmes and studying for the relevant professional examinations are responsible for applying for their membership with the Professional Bodies in order to be eligible to sit for external professional examinations. All registration and subscription fees payable to professional bodies are to be paid by the students directly to the respective professional bodies.
Examination Fees
All registration and examination fees payable by students in accordance with the course of study and examination rules and regulations of the professional bodies i.e. ACCA, CAT and CIMA is the responsibility of the student and shall be paid directly to the professional bodies.
Library & Computing Facilities
All students will abide by the Library & Computer facilities rules and regulations stipulated in the LSBF Student Handbook.
Rules and Regulations
LSBF places a strong emphasis on moral character, education and professional skills development. The rules and regulations of LSBF are to be observed at all times. Infringement of these rules and regulations will be referred to the LSBF Disciplinary Board, for their necessary action.
Confidentiality Clause
LSBF undertakes to maintain the confidentiality of all students’ personal particulars and not to disclose the information to any third party unless required by law or other statutory regulations.
Fee Protection Scheme & Medical Insurance
All international students enrolling with LSBF will be insured with the EMGS Medical Insurance panel.