Paying for the Study
TUITION PAYMENT POLICY
Payment of tuition allows a student to register for classes. No student is permitted to attend class or to take exams unless the student is officially registered for the class and the name appears on class roster produced by the Registrar office.
Tuition is based on the number of credit equivalents that a student enrolls in. The total tuition is the tuition rate per credit times the number of credit equivalents.
Tuition Payment Options
KIMEP adopted flexible system of tuition payment. At the beginning of the academic year, before any registration, students have four options for paying tuition:
- Pay tuition at once for all credits required for the degree and keep current year’ tuition for all years of study
- Pay tuition for the whole academic year at once (advance payment discount is applied with this option)
- Pay tuition for the semester at the beginning of the semester.
- Pay the semester tuition in three installments.
Tuition payments must be received by KIMEP by the due date (please follow the Academic Calendar). As KIMEP follow cashless operations principle and usually bank transmissions take several days, all payments should be made sufficiently in advance to allow for transmission, processing and posting while before the due date on the payment report of each student. Payments received after the due date are automatically assessed a late payment fee (irregardless of when the payment was initiated). It is the students’ responsibility to ensure that tuition is paid on time.
Advance Payment Discount
During fall registration, a graduate or undergraduate student who prepays spring semester tuition together with fall tuition will receive advance payment discount. The following conditions apply:
- KIMEP offers a 35,000 KZT tuition discount for undergraduate and graduate students who paid tuition of 710,000 KZT for the academic year in advance and before the end of the Fall registration period.
- This prepayment discount should be spent only for enrollment in academic courses – students cannot be refunded this amount of money. If student receives refunds, s/he will lose the discount of 35,000 KZT.
- Tuition prepayment discounts are not available on a semester bases for payments of more than one year, for international students, or for summer terms. No academic performance requirements are applied to the prepayment tuition discount.
- Accounting office prepares the list of students eligible for this discount.
Semester Payment and Installment Payment Plan
Tuition can be paid at the beginning of the semester or in three installments throughout the semester. The first payment is due from the start of registration until the beginning of the semester and allows students to register for classes. The due dates of the first, second and third payments are listed in the Academic Calendar.
A late payment fee is added to the amount due if the subsequent payments are not made by the due date. There is no installment payment option for summer tuition (summer tuition is paid in advance before registration).
KIMEP recognizes that some families may have temporary or unexpected financial difficulties and therefore, in a very few cases, tuition payment postponement or other arrangements may be granted. Those families are advised to contact Office of Financial Aid finaid@kimep.kz to apply and to receive consultation. In order to make a fair decision, the Office of Financial Aid may request documents that confirm difficult financial situation of a family.
Non-payment of tuition
KIMEP has the right to take administrative and legal action against students who fail to make any remaining tuition payments.
- A student with outstanding debt at the end of the semester will not receive his/her final grades. The Registrar’s Office will not issue official transcripts.
- Registration for subsequent semesters is blocked until the debt is cleared.
- If the debt is not cleared by the end of the following semester the student will be administratively withdrawn from the university.
Refunds of overpayment
When an overpayment occurs (except for graduating students), KIMEP encourages students, parents and sponsors to leave the overpayments in the student’s account and to use these funds for tuition in the subsequent semester or summer sessions.
If a refund is desired, the entire overpayment amount for the current semester and future semesters must be withdrawn (KIMEP cannot allow partial withdrawals on a recurring basis.) Refunds are returned to the original payer only (student, parent or sponsor) by the method of the initial payment to KIMEP (cash, bank transfer or bank card) during refund period. The refund policy and refund schedule is available from the Accounting Office.
Payment Obligation
Every student must accept personal responsibility for the payment of all tuition and fees on time. Where possible, KIMEP and other organizations will provide assistance to students who need financial assistance. However, it is important to recognize that financial assistance is not a contractual obligation on the part of KIMEP or any other organization and is always subject to the availability of funds. If anticipated financial assistance is not received, students will need to find alternative means of meeting their financial obligations.
How to Pay for Education
University education is expensive, but some steps can be taken to lessen the costs
- Explore the availability of grants and scholarships from businesses, national and international foundations, private donors and sponsors
- Arrange for educational bank loans in order to make tuition payments on time
- Apply for scholarships or financial aid through the Office of Financial Aid
- Pay tuition in advance for the whole period of study or the whole academic year to get fixed tuition or advance payment discount
- Explore of opportunities through work-study programs, part-time employment on and off campus, reduction of number of courses in a given semesters and others.
