Schedule of Fees and Charges (Domestic Students)

Future Academy
Future Academy Pty Ltd The Trustee for Future Academy Trust t/a Future Academy Pty Ltd in 398 Chapel Rd Bankstown NSW 2200 is a Registered Training Organisation and operates in accordance with applicable legislation and the Standards for NVR Registered Training Organisations. Future Academy is entitled to charge fees for services provided to students undertaking a course of study. These fees are for items such as course materials, administrative support, student services and training and assessment services. We review our fees schedule regularly and endeavour to keep the cost of training down.

When and how do I pay?
Fees are payable when you receive notification of enrolment. Fees must be paid in full within 5 days of receiving this notification from Future Academy. We may cancel an enrolment or discontinue training if fees are not paid as required. Payment methods include direct deposit, cheque or cash. Payment details and authorisation form is attached to the enrolment form.
Can I get a refund?
Yes –
A full refund, (minus refund processing fee of $250 and non-refundable application processing/enrolment fees of $200) will be granted to students in the following situations:
Compassionate or compelling circumstances which are out of the student’s control, such as illness or disability, prevent the student from undertaking the course. This may include the death of a close family member of the student (parent, sibling, spouse or child).
Other special or extenuating circumstances, including political, civil or natural events that prevent the student from taking the course, may also be accepted at the discretion of college management.
If a student wishes to apply for a refund under certain circumstances, which are not covered under full refund, he/she may be eligible for a partial refund. The amount of partial refund is determined by the date of receipt of notice of withdrawal. Partial refunds (minus refund processing fee of $250 and non-refundable application fees of $200) will be given as follows:
If a request for a refund is given to Future Academy 28 days or more before the commencement date of the term, students will receive full refund minus refund processing fee of $250 and non-refundable application fees of $200. This is not applicable if the student first defers the course and then applies for refund within the stipulated timeframe. If this occurs then the students is only eligible for a 50% refund of the tuition fee provided that he/she applies for refund 28 days or more before the course commencement date.
If a request for a refund is given less than 28 days before the commencement date or on the commencement date of the course, student will not be eligible for a refund of any of the tuition fee paid.
Students who withdraw from a course after commencement date will not be eligible for refund and will be liable for the rest of the course fees as they have entered into financially binding agreement. 
Students who didn’t commence will not be eligible for any refund and will remain liable for the rest of the course fees as they have entered into financially binding agreement. 
Students who fail to meet the course entry requirements or the offer letter conditions will be only eligible for refund of all fees paid less than $300 contract cancellation fees.
False or misleading information in your application or during your course of study automatically disqualifies you from any refunds
If the student applies for deferral first and then reapplies for refund of course fee, then partial refund policy of 25% of the fees paid
Student Default
Future Academy will refuse to provide a refund or continue to provide a course to a student due to:
Failure to pay an amount he or she was liable to pay to Future Academy directly or indirectly in order to undertake a course.
Misbehaviour by the student or under strict disciplinary action.
Provider Default
Future Academy will have transfer arrangements put in place should the institute default due to the following:
The Institute ceasing operations
The course enrolled in does not begin on the agreed commencement date.
The course enrolled in ceases to be provided at any time after it commences but before it is completed.
The course enrolled in is not provided in full to the student because a sanction (restriction) has been imposed on the registered provider.

Protection of fees paid in advance

Future Academy protects the fees that are paid in advance by students as follows: 

All course fees will be held in a separate bank account that can only be drawn down when the student commences. The course fees are held separately from the day-to-day operating expense accounts, so that if a refund is payable before the student commences, the refund can be made in full and in a timely way without impact on the financial operations of the business or recourse to the tuition protection system.

Future Academy does not require students to pay more than 50% of course fees prior to course commencement. The remaining 50% will be collected no earlier than 2 weeks prior to the commencement of the second study period.

Fees and refund information

Prospective and current students are advised of the fees associated with a course on the Fee Schedule. This is provided prior to enrolment or commencement of training, whichever is first.

Fee information provided to students includes:

All relevant fee information, including fees that must be paid and payment terms

Details of the potential for fees to change during the student’s course as relevant

Deposits and refund information and conditions relating to these

The learner’s rights as a consumer including any cooling off period

Refund information is outlined in the Student Agreement and in the Student Handbook.

Fees will only be collected once a signed copy of the signed Student Agreement is received by Future Academy.

Inclusions in course fees

Unless otherwise specified, course fees include all the training and assessment required for students to achieve the qualification or course in which they are enrolling. Course fees will clear itemise tuition, as well as non-tuitions fees.

Course fees do not include required learning materials. These are at an additional cost $150 each term, as outlined on the Course Outline.

Course fees include the issuance of a testamur and record of results and/or statement of attainment. For additional copies or re-issuing of any of these documents an additional fee is applicable. This fee is currently $50 per request.

Course fees do not include Overseas Student Heath Cover or optional extras such as airport pickups. These fees are at an additional cost as outlined in the letter of offer.

Late payments

Domestic students will be charged $50 late fee for overdue tuition fees for 1-5 working days and if the tuition fees are overdue more than 5 working days $100 late fee will charged. Students who do not pay their fees will have their course terminated.

Refunds

All course fees, include a non-refundable deposit / enrolment fee which is outlined on the Course Outline. The deposit is non-refundable except in the unlikely situation where Future Academy is required to cancel a course due to insufficient numbers or for other unforeseen circumstances. In this case, students will receive a full refund of their deposit.

Students who withdraw from a course and wish to seek a refund or have the amount they owe on their fees reduced, must apply to Future Academy in writing, outlining the details and reason for their request. Students who have not completed a withdrawal form are not eligible for consideration of a refund or reduction in fees.

Our guarantee

If for any reason Future Academy is unable to fulfil its service agreement with a student, Future Academy will refund the total fees paid by the student for any services not yet delivered. Future Academy is committed to deliver quality training and assessment and will work with students who require individual assistance to successfully complete the training program.

Changes to terms and conditions

Future Academy reserves the right to amend the conditions of the student’s enrolment at any time. If amendments are made that effect the student’s enrolment the student will be informed 7 days prior to changes taking effect.

Note:
− All training tuition fees are exempt from the payment of GST. No GST included.
− Future Academy payment terms are 5 days. An invoice will be issued in advance of all courses and is required to be paid to allow for commencing the course.
− Future Academy only charge enrolment fee once to package courses.

Other Fees and Charges