Must reimburse students when degrees are not recognized

On the morning of January 14, the Ministry of Education and Training announced the draft Joint Circular on regulations on financial management, accounting, auditing and tax for foreign cooperation and investment in the fields of education, training and vocational training.

Accordingly, the parties participating in the training partnership are responsible for reimbursing the costs to learners in the following cases: Diplomas and certificates are not recognized by competent authorities; violating the quality assurance conditions committed and announced before enrollment; violating the law leading to the competent authority suspending or terminating the training partnership.

The draft circular requires: Educational institutions participating in joint ventures and educational institutions with foreign investment capital are responsible for implementing three public disclosures (public disclosure of quality assurance conditions; public disclosure of actual educational quality and financial disclosure) according to regulations of the Ministry of Education and Training and other current regulations on financial disclosure.

In addition, foreign-invested educational institutions are responsible for setting aside a scholarship fund to encourage learning equal to at least 2% of total tuition revenue.

According to TNO