ACADEMIC CALENDAR
2020-2021
FEE PAYMENT AND REFUND POLICY

 

Payment Term:

 

All fees are due once a student registers regardless of the method of registration and must be paid by the fee deadline to avoid a late payment penalty.

 

The payment deadline for students in diploma programs is the first day of lectures in the term including work terms. The deadline for students in certificate or industry-response programs or courses is the date of registration.

 

Students who do not comply with the above may have their registration cancelled at the discretion of the Marine Institute.

 

Deferral of Fees:

 

Students who have been awarded a scholarship, bursary, Student Loan or other similar award, may be permitted to have their payment deferred until they are in receipt of the award or Student Loan. To request such a deferral, the student must submit an “Application for Payment Deferral” before the first day of lectures in the term. This form is available from the Finance Office.

 

Finance Charges:

 

Accounts outstanding on the last day of examinations in a semester/session will be charged interest at the prime interest rate plus two percent per annum. Such interest will apply effective the first day of lectures in that semester.

 

Late Payment Penalty:

 

Except as outlined in this policy, all overdue accounts will be subject to a late payment penalty. The late payment penalty is $15.00 per course up to a maximum of $60.00 per term or session.

 

Outstanding Fees:

 

Student accounts with outstanding balances for any reason will be ineligible to register for a subsequent semester until the outstanding balance has been paid in full by cash, certified cheque or money order.

 

Student accounts with outstanding balances will not be awarded diploma or certificate, and will not be issued an academic transcript of marks or letters confirming graduation status until the outstanding balance has been paid in full by cash, debit card, credit card, certified cheque or money order.

 

Returned Cheque Charge:

 

A $25.00 dishonored cheque charge will be made for each cheque tendered to the Marine Institute and not honored by the bank. A student with a dishonored cheque record must pay fees by cash, debit card, certified cheque, or money order.

 

STUDENT FEES REFUND POLICY:
TUITION
Full Semester Programs Refund
in the first 11 days of class 100%
Day 12 to Day 16 of classes 50%
Day 17 to Day 21 of classes 25%
Day 22 and beyond 0%
 
Less than Full Semester Program Refund
In the first 5 days of classes 100%
Day 6 to Day 8 of classes 50%
Day 9 to Day 10 of classes 25%
Day 11 and beyond 0%
 
Technical Sessions that are between 16 and 20 days Refund
In the first 4 Days of classes 100%
Day 5 to Day 6 of classes 50%
Day 7 to Day 8 of classes 25%
 
STUDENT UNION & ALL OTHER COMPULSORY FEES
Full Semester Programs Refund
In the first 11 Days of classes 100%
Day 12 and beyond 0%
 
Less than Full Semester Program Refund
In the first 5 Days of classes 100%
Day 6 and beyond 0%
 
NOTE: No refund for programs 3 weeks or less