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Non-Refundable Fee: A $300 non-refundable fee must
be paid before finalising the Enrolment
Agreement.
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Cancellation Process and Refund Schedule: Cancellations must be submitted in writing, including
via email to billing@lsmt.ch.
Refund Schedule:
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If cancellation occurs within three business days
after signing the Enrolment Agreement, all
tuition fees will be refunded (minus the $300
registration fee).
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25% Completion Rule: If less than 25% of
credit hours are completed and the cancellation occurs
within 182 days of system access, students will receive
50% of tuition fees paid, minus administrative fees.
For MBA, ExMBA, and MS programmes, a $500
administrative fee for PhD. programmes, a
$750 administrative fee applies.
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50% Completion Rule: If between 25%-50% of credit hours are completed or cancellation between 182-365 days of system access, students will receive 25% of tuition fees paid, minus administrative fees.
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No Refund Rule: If more than 50% of credit
hours are completed or if cancellation occurs after 365 days
of system access, no tuition refund will be
provided.
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Termination by LSMT: LSMT reserves the right to
terminate the Enrolment Agreement due to non-payment or
violation of agreement terms, in such case no refund will be
offered.
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Late Payment Penalties: If payments are overdue,
a 0.05% interest charge for each day of late
payment. The student’s access to the Student Information
System or other services may be restricted until the
outstanding balance is paid.
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Student Responsibility for Payments: we do
not participate in Title IV or other state/federal
financial aid programmes.Students are responsible for
paying all tuition and fees.
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Final Policy Notes: This refund policy came into
effect on July 1, 2022, and supersedes any previous
versions.
For any queries, students are encouraged to contact the
administration at administration@lsmt.ac.uk or visit
the official website.