Financial Information

FINANCIAL RESPONSIBILITY

Students who join Spicer Adventist University must promptly and systematically meet all financial obligations to the institution. The university, being non-government aided/self-financed, is not in a position to extend credit to students and therefore before admission, students must understand well their financial obligations.

A student who has a debt can be denied registration, and will not be issued a transcript or diploma or degree, or any statement regarding his/her academic status at the university. Students who join Spicer Adventist University must recognize that all financial obligations to the institution must be promptly met. Therefore, before registration the student must have a good understanding of the financial obligations involved and make sure that these obligations are met.

FEE STRUCTURE

The Finance Committee of Spicer Adventist University shall be responsible for preparing/revising the fee structure of the university and submitting it to the Governing Body for its approval. The Governing Body of the university shall authorize the Chief Finance and Account Officer (CFO) to submit a proposal to the fees structure review committee headed by a retired high-court judge and in accordance with the government guidelines. The Fees Structure will submitted to the government and uploaded on the website.

Students from the State of Maharashtra:Means a Candidate passing SSC or HSC (Std.XII) and Higher Education thereafter from the State of Maharashtra OR the candidate should be domicile of the State of Maharashtra.

Candidate from Outside Maharashtra State: Means a candidate whose Domicile Status is Outside Maharashtra.

International: Means a Citizen of any country other than India and a person who possesses a foreign passport.

Person of Indian Origin (PIO): Means a Person who is a citizen of other countries (except Pakistan and Bangladesh) who at any time held an Indian Passport, or who or either of whose parents or any of whose grandparents was a citizen of India by virtue of the provisions of the Constitution of India or Section 2(b) of Citizenship Act, 1955 (Act No. 57of 1955).

Non-Resident Indians (NRI) (as per Income Tax Act, 1961): As per Income Tax Act, 1961, an individual is non-resident for income tax purpose, when he is “not a resident” or who is “not ordinarily resident” in India. A person is treated as “not ordinarily resident”, if any of the following conditions is satisfied: If he/she has not been resident in India in 9 out of 10 preceding years OR If he/she has not been in India for a period of 730 days or more during the preceding 7 years.

CAMP AND FIELD TRIPS

Students taking courses in which field trips or industrial visits are required and also for those attending university camps will be charged fees to cover the costs and the student is expected to pay for these in cash to the business office at the time the trip is planned.

CAFETERIA

The university operates a cafeteria where each student is charged a minimum amount irrespective of the actual amount of consumption. Majority of students, however, find this amount inadequate, and are thus permitted to purchase meal coupons up to an amount determined each year by the university. Should a student find the amount still inadequate, he/she can get more coupons with special permission from the finance officer. Such a privilege, however, is extended only to those maintaining a credit balance with the university.

Note: The minimal charge is made to ensure that the overhead costs of operating the cafeteria are covered.

DISPENSARY / INFIRMARY AND HOSPITALIZATION

Students who are admitted to the university infirmary are levied a service charge on a daily basis of usage. There can be times when a student may need immediate hospitalization. In such a situation the university helps the student get the needed care. The payment of such fees, however, is entirely the responsibility of the student or his parent/guardian. The student’s parent/guardian will be required to make prompt payment of the medical bills, preferably at the time of discharge. For a case that is not in the nature of emergency but one that needs extended care and/or hospitalization, the parent/guardian is expected to withdraw the ward from the University for Treatment.

INFORMATION FOR INTERNATIONAL STUDENTS

International students are expected to make satisfactory financial arrangement for payment of fees prior to their arrival at the University. Where a student’s financial arrangement is not guaranteed by a sponsoring organization acceptable to the university, the student will be required to deposit in advance a minimum of one semester’s fees and for the return fare, in addition to making arrangements for the clearance of other monthly fees.

In connection with admission and stay of international students at the university, the administration is called upon to render necessary service to care for their travel documents, etc. The university has appointed an International Students’ councillor to carry out this responsibility on behalf of the students as well as the university.

To cover general expenses connected with such services, a service fee per semester is charged at the beginning of each semester. However, when special trips have to be made to care of residential permits, etc., the expenditure incurred will have to be borne by the student concerned and will not be covered by this fee.

PAYMENT OF ACCOUNTS

All remittances into student accounts should be made by way of cash, money order or a bank draft in favour of Spicer Adventist University, specifying the name and ID number of the student to whom credit is to be given. The remittance should be addressed to the Chief Finance Officer.

Note: Cheques are not accepted. Parents or guardians may also make payments to their ward’s account through bank transfer to the university’s account after getting university’s bank account details from the Finance Office.

Students are required to pay the semester’s fees in advance at the time of registration. Returning students should clear their outstanding accounts before proceeding with registration. Non-compliant students will not be allowed to proceed with registration.

FEE REFUND POLICY

Candidates who cancel their admission before starting the course for the relevant academic year, the entire fee after deduction of the processing fee of Rs. 3,000/- and one month’s Hostel & Cafeteria fee shall be refunded to the student by the university. If the student cancels his admission after the course is started, following scheme will be adopted for refund of fees:

#	Time of Cancellation	Amount to Be Deducted
1	From 1st day to 10 days (first day is inclusive) from the date of commencement of the course	30% of the academic fees + One month boarding fees
2	From 11thto 30th days from the date of commencement is inclusive ) of the course (first day	+ 2 months boarding fees
3	After 30 days (first day is inclusive)	100% of the academic fees and the hostel fees + 2 months cafeteria charges

The university reserves the right to withhold settlement of any balance due a student for a period of one month after withdrawal from the university in order to ascertain that all charges and balances have been taken into consideration. However, if a student demands immediate closing of the account, the entrance deposit is held back to care for any charges that may come after the withdrawal and a service charge will be made. The deposit which is held back will be refunded a month from the withdrawal date. For students who have been asked to withdraw from the university on disciplinary grounds, this refund policy is subject to change at the discretion of the university administration.

Note: Unless specified by the sponsor, the credit balance of a student who has received financial aid or scholarship will be transferred to the Student Aid Fund, or to the sponsor.

INCIDENTAL EXPENSES

The university is NOT RESPONSIBLE for providing students with monthly spending money. Monthly remittances for incidental expenses are to be sent directly to the student. The university does not accept responsibility for loss of money in possession with students.

FINANCIAL INQUIRIES

All inquiries concerning a student’s account and fee details are to be addressed to the Associate Registrar Student Finance.

FINANCIAL ASSISTANCE

As Spicer Adventist University is a recognized institution, some Indian states do give financial aid to students studying in the university. The student concerned is expected to take initiative in applying for such scholarships. The university will not in any way, be responsible for applying for scholarship to any government on behalf of the student.

Since the university is an appropriated unit of the Seventh-day Adventist Church, a student cannot be expected to get help from the institution.