First Year and Transfer Admission Deposits
Students who have been accepted for admission must confirm their intention to enroll by making a K2000 reservation deposit. The reservation deposit is applied to the entering semester charges for the upcoming year.
January intake: The deposit is refundable if requested in writing before May 1. July intake: The deposit is refundable if requested in writing before December 21.

Graduate Student Admission Deposits
Students who have been accepted for admission must confirm their intention to enroll by making a K2000 reservation deposit. The reservation deposit is applied to the entering semester charges for the upcoming year.
• Summer Term: The deposit is refundable if requested in writing before February 1.
• Fall Semester: The deposit is refundable if requested in writing before May 1.
• Spring Semester: The deposit is refundable if requested in writing before December 21.

Reservation Deposits for Returning Students
The reservation deposit is due early in the spring semester (due dates to be announced each year) and is non refundable.
Application fees are nonrefundable.

Refund Following Withdrawal from College
To withdraw from Cyber Institute of Science and Technology at any time during a semester, a student must first confer with the dean for academic affairs who will provide a form requiring the signatures of appropriate College personnel. A student who fails to withdraw properly may forfeit his or her fees payments or any other fees entitled to them, will receive failing grades in all currently enrolled courses and may be ineligible for refunds as described below.
Only limited refunds can be made when a student withdraws from the College. Advance deposits are not refunded in any instance.
The financial aid of a student who does not complete the semester for any reason will be reduced in accordance with mandatory guidelines. All questions concerning refund amounts should be addressed to the office of the registrar.

Withdrawal Due to Health Reasons or Military Service
In the event of an approved withdrawal for health reasons or military service, a refund of tuition
and fees is provided according to the following schedule:
• During the first two weeks of the semester – 80%
• During the third or fourth weeks – 50%
• During the fifth or sixth weeks – 20%
• After the sixth week – No Refund

A portion of the residential fee may be prorated. Confidential written documentation in support
of a medical withdrawal must be provided by a physician or other certified medical practitioner
to the dean for academic affairs. A student called to active military service is responsible for
providing the appropriate military orders. In most cases, the supporting documentation must be
received within two weeks after the withdrawal date.

Withdrawal Due to Personal Reasons
In the event of an approved withdrawal for personal reasons, a refund of tuition and fees is
provided according to the following schedule:
• During the first two weeks of the semester – 50%
• During the third or fourth weeks – 25%
• After the fourth week – No Refund
A portion of the residential fee may be prorated.

Mandatory Withdrawal
In the event of a disciplinary suspension or administrative withdrawal, refunds are generally
treated as a withdrawal due to personal reasons.

Residential Damage Deposits
A residential damage deposit is required from all students at the time the student first enrols at
the College. Returning students cover assessments that have been made against the deposit by
bringing it back to the level of the initial deposit at the time of each fall registration. Students
must return their residential key and checkout slips at the end of each academic year or the
deposit will be forfeited. Any unused portion of the deposit will be refunded at graduation or
upon withdrawal from the College once the student has properly checked out of their room.