Common use of Financial Issues Clause in Contracts

Financial Issues. 7.1. The students shall be responsible for covering their travel costs to the receiving Party and living costs throughout their stay, including accommodation (VMU shall render assistance to the incoming students in finding appropriate accommodation), books, equipment, consumables, health insurance, a student union fee (if applicable) and other expenses arising out of the exchange. 7.2. The students shall cover the tuition fees for 1 year of studies at the sending institution (TSAU) and tuition fees for 1 year of studies at the receiving institution (VMU). The tuition fee for 1 year of studies at VMU will be negotiated with each candidate individually (depends on financial, academic indicators and the chosen direction of study). 7.3. Additional agreements or amendments to this Agreement regarding the tuition fees at VMU can be negotiated on a yearly basis, taking into consideration a number and/or academic achievements of the candidates and other aspects.

Financial Issues. 7.1. The students shall be responsible for covering their travel costs to the receiving Party and living costs throughout their stay, including accommodation (VMU shall render assistance to the incoming students in finding appropriate accommodation), books, equipment, consumables, health insurance, a student union fee (if applicable) and other expenses arising out of the exchange. 7.2. The students shall cover the tuition fees for 1 2,5 year of studies at the sending institution (TSAU) and tuition fees for 1 1,5 year of studies at the receiving institution (VMU). The tuition fee for 1 1,5 year of studies at VMU will be negotiated with each candidate individually (depends on financial, academic indicators and the chosen direction of study). 7.3. Additional agreements or amendments to this Agreement regarding the tuition fees at VMU can be negotiated on a yearly basis, taking into consideration a number and/or academic achievements of the candidates and other aspects.