Annual Tuition Fees 2017 - 2018

  PROGRAMME OF STUDY  EU STUDENTS
Euro
OVERSEAS STUDENTS
Euro
1 Marketing Studies (1 Year, Diploma) 4500 5200
2 Sales Management (1 Year, Diploma) 4500 5200
3 Business English (1 Year, Diploma) 4500 5200
4 Marketing Management (2 Years, Diploma) 4500 5200
5 Business Administration (3 Years, B.Sc.) 4500 5200
6 Business Studies with Marketing (4 Years, BA) 5350 6000
7 Shipping (3 Years, B.Sc.) 4500 5200
8 Shipping Management (4 Years, BA) 4500 4500
9 Tourism Management (3 Years, B.Sc.) 4500 5200
10 Financial & Computer Studies
(3 Years, B.Sc.)
4500 5200
11 Banking (3 Years, B.Sc.) 4500 5200
12 European Studies (3 Years, B.Sc.) 4500 5200
13 Insurance (3 Years, B.Sc.) 4500 5200
14 Human Resource Management & Corporate Strategy (12 months FT/24 months PT, M.Sc.) 6300 7000
15 Business Administration with Shipping (12 months FT/24 months PT, MBA) 7500 7500
16 Business Administration (12 months FT/24 months PT, MBA) 7500 7500
17 UWL BA (Hons) in Business Studies with Marketing (3 Years)  6500 6500
18 UWL BA (Hons) in Accounting & Finance (3 Years) 6500 6500
19 UWL LLM in International Business & Commercial Law (12 months FT/24 months PT) 7000 7000
20 UWL MSc in Finance & Accounting (For Professional Accountants) 4500 4500
21 Business Administration (4 -6 Years, BA, Distance-Learning) 3500 3500
22 Business Administration (2 1/2  - 5 Years, Masters, Distance-Learning) 5000 5000
       
  Registration Fee for CIM
Re-sit Fee for CIM

200
 50
 
200
 50
       
The above fees (1-16) have been approved by the Ministry of Education and Culture in a letter dated 19th December 2016.
 
Re-sit Fee for UWL
Registration Fee for UWL Bachelor
Registration Fee for UWL Master
Re-take Fee for UWL
100
300
300
500
100
300
300
500
     

The following programmes qualify for government subsidy (for Cypriot students) up to 3417 euro:
 
1 Marketing Management (2 Years, Diploma) - Nicosia & Limassol
2 Business Studies with Marketing (4 Years, BA) - Nicosia & Limassol
3 Business Administration (12 months FT/24 months PT, MBA)
- Nicosia & Limassol
4 UWL BA (Hons) in Business Studies with Marketing (3 Years) 
- Nicosia & Limassol
5 UWL BA (Hons) in Accounting & Finance (3 Years)
- Nicosia & Limassol
6 UWL LLM in International Business & Commercial Law (12 months FT/24 months PT)
- Nicosia & Limassol

Payment Terms

Students will not be allowed to sit for their Final Exams UNLESS they have fully fulfilled ALL their financial obligations.Under no circumstances will the Institute issue Examination Results if not ALL financial obligations towards the Institute have been settled.
 
In case a student fails to conform to the terms of payments as stipulated in the Agreement, the Institute reserves the right to ask the student to leave the Institute; in such case, all the rights of the student will be forfeited and the Intranet account will be deactivated.

The Institute offers a 10% discount to students who pay the whole amount of fees prior to the commencement of the programme.


  Download the Payment Policy 2017-2018

Refund Policy (Cash Payments & Total Annual Fee Amount Paid)

In case a student decides to cancel his/her studies, 70% of fees will be refunded, but only if the student contacts the Institute within two weeks of the day of registration, and 15 days or more before the commencement of classes. However, in case the cancellation of registration is effected only 15 days or less BEFORE the commencement of the programme of study, only 50% of fees will be refunded.
 
After classes have commenced, and in case the student decides to cancel his/her studies, 40% of fees will be refunded, provided the student contacts the Institute within two weeks of his/her registration day.

No refunds will be made after the lapse of two weeks from the day of registration with the Institute.
 
Please note that the above refunds apply ONLY in case of CASH PAYMENTS and only when the TOTAL amount of the annual fees has been paid. In the case of students paying in instalments or post-dated cheques before or after the commencement of classes, NO REFUND will be made.

If, for any reason, a student decides to withdraw from his/her studies BEFORE the programme is duly completed, the Institute will demand that the student pays all outstanding fees.

Revision Fee

In case a student fails an assignment and/or examination, he/she will have to pay a Revision Fee of 50 Euro per hour.

Financial Obligations of Overseas Students

Annual tuition fees must be paid in whole to the Institute PRIOR to the arrival of the student in Cyprus. Fees include the cost of issuing a VISA and deposit with Immigration Authority.

Fees Refund

A 50% refund applies in cases where a student does not come to Cyprus. However, after the arrival of the student in Cyprus OR the issuing of the VISA, irrespective of whether the student comes or does not come to Cyprus, NO REFUND WILL BE MADE.

Visas

Every student coming to Cyprus must have a student visa. Students arriving to Cyprus without a VISA are likely to be deported.

Immigration Registration

On the arrival of a student in Cyprus, the Institute will undertake to register the student with the Immigration Authority. 
On arrival to Cyprus, students must show the Immigration Authorities that they:
(a) have fully paid the fees to the Institute and are in possession of an Official Letter of Admission;
(b) possess at least Euros 3500 for maintenance support;
(c) have a valid passport;
  P.O Box 25288
Nicosia 1308, Cyprus
  +357.22.778475

 

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