All students must complete this requirement.
In accordance with the Education Act, any course fees you pay will be placed in a managed trust account held by Public Trust.
In the case of receivership, liquidation (involuntary) or the revocation of NZQA Registration and/or Accreditation, your individual Public Trust account protects your paid fees. Individual means your student fee trust account pertains to you and is covered by an agreement between us and Public Trust.
You are required to complete the Public Trust application and turn it in on enrolment, where applicable.
Your student trust account works as follows. To us, Public Trust releases:
- $3,000 or 20% of the programme fee, whichever is the lesser, on the ninth (9th) calendar day after the programme’s starting date for domestic students and eleventh (11th) business day after the programme’s starting date for international students.
- The remainder of the programme fee, in arrears and in equal payments, fortnightly.
This means if we could no longer provide tuition to you for one of the reasons outlined above, you would be able to use the remainder of your fees (still in the trust account) to continue your studies at another provider or opt for a pro-rata refund.
If you are suspended, expelled or if you withdraw or disappear from the programme on or after the 9th calendar day after the programme’s starting date (domestic students) or on or after the 11th business day after the programme’s starting date (international students), you are not eligible for a refund, as per the conditions of your enrolment contract with us.
For more info on Student Fee Protection, please see the Fee Protect Information for Students Web page.
PLEASE NOTE: The above statements are in no way indicative of the financial or operational status of the National School of Aesthetics; however, we have provided this information to help you make an informed decision about your education provider. Also, we are required by the Government to inform you of this policy.