The Finance Department’s prime responsibility is to ensure the financial stability and sustainability of SUC by projecting and assessing risk at regular intervals. This is achieved by implementing effective control systems, supporting & advising departments in managing their budgets and expenditures. The Finance department serves students, staff and SUC community with accuracy. Finance Department provides guidance and orientation on budgeting, accounting and financial services for the academic and administrative departments of SUC that will enable it to achieve its mission. In order to assist SUC in achieving its mission, the department develops implements, maintains and monitors department wise revenues and expenditures that ensure accountability and transparency in managing the financial resources efficiently & effectively. This system requires the department to properly account for the financial transactions in line with the planned budget. It also analyses and reports all budget information in order to help the management take appropriate decisions.
i. FEE PAYMENT POLICY
As per the fee schedule issued, the students are required to comply and adhere to the following terms and conditions:
Fees shall be paid at the time and in the manner specified in the payment plan issued to the student at the time of admission into SUC.
The rule stipulates that the installment falls due on the first day of every calendar month and should be paid before the 10th of that month, until or unless SUC issues any notice mentioning any change in the payment method or in the event of SUC remaining closed for any major holidays / events, the next working day will be the effective date for payment of fees. SUC will not issue any circular / notices and will not be responsible for any negligence regarding any Information which is not gathered by the students in the stipulated time frame mentioned. The students have every right to gather or seek information on such aspects like fee payment deadlines, and any other fee related issue involving students.
Students who fail to make payment of tuition fees within the first ten days will be charged AED 10/- per day from the 11th of the due month till the payment is received. Student whose fees are outstanding for one month will have their portal services blocked and will be activated only on clearing their dues. Student having two months outstanding will be deactivated and if the fees are not cleared before the final examination, student will be withdrawn from the semester. Students having tuition fee due will have their academic record withheld and would not be allowed to proceed the semester as well as not to register for the next semester.
As a last resort, a notice of termination for non-payment of fees will be sent to the student. The notice will specify the amount of the debt and the date at which the termination becomes effective. The student may have the choice of re-admittance provided the entire dues to the SUC is paid; SUC has the right to impose a re-registration fees which will be payable in a manner specified by SUC at that time. A re-registration fees of AED 1,500/- will be applicable in order to reactivate the student.
On the termination of a student’s enrolment under the provision of these regulations, an admission cancellation form shall be completed by the Students Service Department and forwarded to the Finance and Administration Department for further action.
Students who are deactivated on account of pending fees at the end of the financial year can be re-activated with the clearance of dues including re-activation charges of AED 2,500/-.
Terms and conditions for students paying fees through cheques/ credit cards:
Students are permitted to pay fees either by way of Cash, Cheques or Credit Cards. Students who wish to pay their fees with cheques have to make sure they adhere to the following terms and conditions.
All cheques should be made payable to "Skyline University College LLC" and the date mentioned on the cheques should not be latter than the 10th of the month. Any exception should be ratified by the concerned official.
Students should ensure that there are no errors or overwriting in the cheques and proper authorized signatures are there for every correction made in the cheques.
Students should ensure that cheques given should contain the new security feature as per the mandate of Central Bank of UAE.
Students should ensure that they procure a receipt for every transaction and the contents should be checked before leaving the counter.
Each student should ensure the honoring of their cheques as the state laws ensures maximum penalty for cheques which are returned unpaid. In the event of a cheque being dishonored the student will be penalized with a cheque return charge of AED 500/- and further acceptance of cheques from the student will be denied.
iii) FEE STRUCTURE REVIEWS AND AMENDMENTS
The component of the fees and miscellaneous fees are subject to annual review taking into consideration various internal and external factors. Fees are reviewed taking into consideration the affordability of the students and market situations. The change in fees is ratified by the Dean and send to the Board of Governors for final approval.
CENTRE FOR PROFESSIONAL DEVELOPMENT
Admission policies primarily discuss the initial amount payable for any courses managed / operated by the CPD (both IATA and Internally run courses). Considering the high cost of kits it is obligatory that the initial fees collected covers the cost of the kits. Below mentioned is the payment schedule of all IATA courses run by CPD. This payment policy evidently outlines the payment mode and clear payment instructions are to be communicated to the prospective students that Issuance of kits and attendance of classes will be possible only after completing the payment formalities.
All courses managed / operated by the CPD department will follow the below mentioned payment mode: At the time of admission- 100% of the course fees (Cash / Current dated cheque only)
At the time of admission- Registration fees along with the post dated cheques are mandatory.
At the time of admission- Registration fees should be paid and the balance payment to be paid as per the installment plan.