Common use of Facilitation Fee Clause in Contracts

Facilitation Fee. 2.1 There is no set-up or facilitation charge for this Income Share Agreement facility, and there is no upfront cost for the deferral of the tuition. The Student has the option to pay their tuition in full at any time before the course, and the upfront tuition fee will be £16,000. 2.2 EdAid will charge the Education Provider a Facilitation Fee & Monthly Service Fee to cover EdAid’s administration, technology and service costs for the entire duration of the Income Share Agreement. There will be no charges from EdAid to Student unless the account falls into default, as set out below. 2.3 Student’s obligations hereunder are subject in all respects to the terms and conditions of the Student’s Enrollment Agreement with the Education Provider. 2.4 In the event that Student terminates or withdraws his or her participation in their Chosen Course prior to graduation or completion, the Maximum Total Amount Payable that is due hereunder will be determined in accordance with the schedule set forth in the Student’s Enrollment Agreement with Education Provider.

Facilitation Fee. 2.1 There is no set-up or facilitation charge for this Income Share Agreement facility, and there is no upfront cost for the deferral of the tuition. The Student has the option to pay their tuition in full at any time before the course, and the upfront tuition fee will be £16,000€18,000. 2.2 EdAid will charge the Education Provider a Facilitation Fee & Monthly Service Fee to cover EdAid’s administration, technology and service costs for the entire duration of the Income Share Agreement. There will be no charges from EdAid to Student unless the account falls into default, as set out below. 2.3 Student’s obligations hereunder are subject in all respects to the terms and conditions of the Student’s Enrollment Agreement with the Education Provider. 2.4 In the event that Student terminates or withdraws his or her participation in their Chosen Course prior to graduation or completion, the Maximum Total Amount Payable that is due hereunder will be determined in accordance with the schedule set forth in the Student’s Enrollment Agreement with Education Provider.