Fees payable to Mountbatten by the candidate

Fees vary based on the academic programme selected:

• The Postgraduate Certificate in International Business Practice
• The MBA in International Business Practice

For applicants applying through the New York office
All payments should be made in US dollars by check (or money order), payable to Mountbatten Institute.

For applicants applying through the Asia/Pacific office
All payments should be made by US dollar bank draft made payable to Mountbatten Institute.

The Initial Deposit is actually the first part of the Programme Fee. The Initial Deposit is fully refundable if the applicant is not placed. The Initial Deposit may be forfeited in part or in whole if the applicant subsequently withdraws from the Programme or unreasonably refuses to accept interviews or take a Placement.

Candidates who accept a placement and subsequently withdraw are not normally be permitted to defer to the next intake.

Acceptance means that the applicant, having been interviewed, is considered appropriate for the Programme. Notification of Acceptance is always in writing (email) and is accompanied by a request for an Initial Deposit. The Programme will not take any further action until it receives the Initial Deposit from you.

Acceptance does not guarantee a Placement, since this must ultimately be at the discretion of the sponsoring company. Sponsoring companies demand a choice of candidates and as a practical matter this can only be achieved by having an oversupply of acceptable candidates.

The Programme would ideally place all accepted candidates. However, the vagaries of both the supply of candidates and the demand by sponsoring companies, coupled with requests on both sides for a specific match, make this process difficult to predict and manage. Thus, despite our best efforts, it could happen that, in a particular intake, several accepted candidates do not get placed.

It is also possible to be placed and then be denied Entry Clearance. Although this has never happened (as of April 2009), it would be a government decision outside our control and we would be unable to do anything about it. Your application would have to be terminated, for which the Programme accepts no liability whatsoever. Your Programme Fee would be returned in full provided you had not withheld important relevant information that should have been disclosed (such as a criminal record).

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Financial assistance

Federal Direct Loans - MBA students

St Mary's University College, Twickenham, participates in the William D. Ford Federal Direct Loan Program. Under the Direct Loan Program, the US Department of Education serves as the lender.

The Direct Loan Program includes the following loan types:

• Direct Subsidized Loan
• Direct Unsubsidized Loan
• Direct PLUS Loan

Graduate Students (Subsidized and Unsubsidized) Annual Loan Limits:

Federal Direct PLUS Loans may be used as supplemental funding when Subsidized and Unsubsidized loan maximums are reached.

Eligible Americans may apply for Direct Loans by completing the FAFSA (Free Application for Student Federal Aid) at www.fafsa.ed.gov. The St Mary's school code is required when filling out the application: G41437 or 041437.

Sallie Mae Smart Option Student Loan - Postgraduate Certificate students

Postgraduate Certificate students may qualify for a Sallie Mae Smart Option Student Loan. Visit: www.salliemae.com/student-loans for more information.

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Allowances

Allowances are paid by the Programme, (your employer of record). No salary or allowance is paid by sponsor companies.

Living allowance: Participants receive a living allowance of GBP £615 per month paid monthly in arrears. This is to cover food, transportation, telephone, entertainment and personal items. A fee of GBP £12 per month will be deducted from your living allowance for basic telephone and internet service. Furnished accommodation is provided at no charge (see Accommodation).

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Security Deposit

A Security Deposit (see Accommodation) of GBP £200 is retained by the Programme by deducting GBP £50 from each of the first 4 living allowance payments. This deposit is returned without interest after the programme less any required payments for breakages, damage to apartment furniture, etc., and less any charges required for professional cleaning of the apartment.

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Other Expenses

Entry Clearance fees of USD $213 + USD $12 Shipping and Handling is payable to the British Consulate General in the US. These fees were correct as of February 2010, but are subject to change by the Consulate without notice.

Travel to and from the UK. Airfare costs vary according to the time of year. ISIC cards may provide some discounts.

Approximately GBP £1,500 will be needed to cover expenses during the first few weeks. The Institute makes arrangements for participants to open a UK bank account as soon as possible after their arrival in the UK - this is subject to new and developing security regulations governing foreign owned bank accounts. Participants are responsible for their own telephone bills, food, entertainment and all personal items.

Commuting costs: You will be responsible for your own daily travel to work, all visits to the Mountbatten Office, and any academic events in London. The Institute will cover any mandated academic travel costs to and from places in the UK that are outside London.

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