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PT. Algoritma Data Indonesia.
Menara Standard Chartered, 31st floor. Sudirman, DKI Jakarta 12930.
WhatsApp: 0816-692-471
Email: community@algorit.ma
Refund Policy Guidelines
Any student who wishes to withdraw from a program must notify Algoritma in writing by filling up this form or email to admissions@algorit.ma. The following are the terms and conditions for the refund:
- The date of withdrawal for refund purposes is the date when our admissions team receives the submitted withdrawal request form or email plus 24 hours. The failure of a student to notify Algoritma in writing of withdrawal may delay the tuition refund.
- Additionally, in the event of cancellation or termination by the school, refunds will also be prorated based on the schedule below.
- Refunds will be processed within 30 working days from the date of withdrawal.
- If the student uses our loan partners‘ service, refunds will follow the partner’s own refund policy.
- There is no refund for a student that is paying the fees through installment plans.
Algoritma Academy Refund Policy
The following are the terms and conditions:
- Applicable to any Bootcamp Program, including Specializations.
- The enrollment Withdrawal Period for any student requesting cancellation is within two working days after signing the Academy Enrollment Agreement. Students will be refunded the money paid to the school minus the deposit paid. Thereafter, if cancellation by a student happens after two working days after signing the Academy Enrollment Agreement, refunds will be prorated based on the schedule below.
|
If termination occurs: |
School May Keep |
Student Refund |
|
After 2 working days after signing up OR During the first week |
50% |
50% |
|
After the first week |
50% of Total Academy Program Cost plus Cost based on the number of Program Days passed after 1st week |
50% of Total Academy Program Cost minus Cost based on the number of Program Days not yet passed after 1st week |
Example 1 - Student withdraws 1 day after signing the Academy Enrollment Agreement
Adam has signed up for the Full Stack Academy Program, which costs IDR 32,000,000 (Excluding Tax of 11%). The deposit fee is 10% of the total amount, excluding the Tax. The student has paid the Full Stack Academy Program fee to the school in full, excluding tax (IDR 32,000,000) through bank transfer on the day of the signing of the Academy Enrollment Agreement.
Adam decided to withdraw 1 day after signing the Academy Enrollment Agreement due to unforeseen circumstances and requested a refund. The following is an illustration of how we would calculate the total amount of the refund based on the schedule above:
- Step 1, calculate the school fee excluding Tax: IDR 32,000,000
- Step 2, calculate the deposit fee that is not refundable : IDR 32,000,000 x 10% deposit = IDR 3,200,000
- Step 3, calculate the amount of refund assuming the student has paid in full: IDR 32,000,000 – IDR 3,200,000 = IDR 28,800,000
Therefore, the total amount of refund the student is eligible to receive is IDR 28,800,000. The amount will be transferred to the student’s bank account within 30 working days from the date when the school receives the withdrawal request.
Example 2 - Student withdraws after 5 days after signing the Academy Enrollment Agreement
Shelly have signed up for Full Stack Academy Program which cost IDR 32,000,000 (Excluding Tax of 11%). The deposit fee is 10% of the total amount excluding the Tax. The student has paid the Full Stack Academy Program fee to the school in full, excluding tax (IDR 32,000,000) through bank transfer on the day of the signing of the Academy Enrollment Agreement which is July 1st. The program is scheduled to start July 7th.
Shelly decides to withdraw 5 days after signing the Academy Enrollment Agreement on July 6th due to unforeseen circumstances and requested for a refund. Note that the program has not yet started but the Enrollment Withdrawal Period has passed (within 2 days after the Academy Enrollment Agreement signed). The following is an illustration of how we would calculate the total amount of refund based on the schedule above:
- Step 1, calculate the school fee excluding Tax: IDR 32,000,000 = IDR 32,000,000
- Step 2, calculate the fee to school that is not refundable: 50% x IDR 32,000,000 = IDR 16,000,000
- Step 3: calculate the total amount to be refunded to student: IDR 32,000,000 – IDR 16,000,000 = IDR 16,000,000
Therefore, the total amount of refund the student is eligible to receive is IDR 16,000,000. The amount will be transferred to the student’s bank account within 30 working days from the date of when the school receives the withdrawal request.
Example 3 - Student withdraws after 3 days after the start of the program
Gaery have signed up for Full Stack Academy Program which cost IDR 32,000,000 (Excluding Tax of 11%). The student has paid the Full Stack Academy Program fee to the school in full, excluding tax (IDR 32,000,000) through bank transfer on the day of the signing of the Academy Enrollment Agreement which is July 1st. The program is scheduled to start July 7th. Note that the duration of the first week program of Full Stack Academy is 4 days.
Gaery decides to withdraw 3 days after the start of the program on July 10th due to unforeseen circumstances and requested for a refund. The following is an illustration of how we would calculate the total amount of refund based on the schedule above:
- Step 1, calculate the school fee excluding Tax: IDR 32,000,000
- Step 2, calculate the first week fee to school that is not refundable: 50% x IDR 32,000,000 = IDR 16,000,000
- Step 3: calculate the total amount to be refunded to student: IDR 32,000,000 – IDR 16,000,000 = IDR 16,000,000
Therefore, the total amount of refund the student is eligible to receive is IDR 16,000,000. The amount will be transferred to the student’s bank account within 30 working days from the date of when the school receives the withdrawal request.
Example 4 - Student withdraws after 29 days after the start of the program
Tago have signed up for Full Stack Academy Program which cost IDR 32,000,000 (Excluding Tax of 11%). The student has paid the Full Stack Academy Program fee to the school in full, excluding tax (IDR 32,000,000) through bank transfer on the day of the signing of the Academy Enrollment Agreement which is July 1st. The program is scheduled to start July 7th. A total number of days for this program is 56 days. Note that the duration of the first week of the Full Stack Academy program is 4 days.
Tago decides to withdraw 29 days after the start of the program on August 5th due to unforeseen circumstances and requested for a refund. The following is an illustration of how we would calculate the total amount of refund based on the schedule above:
- Step 1, calculate the school fee excluding Tax: IDR 32,000,000
- Step 2, calculate first week fee that is not refundable: 50% x IDR 32,000,000 = IDR 16,000,000
- Step 3, calculate number of days student attended after the first week: 29 days – 4 days = 25 days
- Step 4, calculate number of days left in class after the first week: 56 days – 4 days = 52 days
- Step 5, calculate the number of days remaining that has not been taken by the student: 52 days – 25 days = 27 days
- Step 6, calculate the proportion (%) of remaining days that has not been taken by the student after first week: 27 days / 52 days x 100% = 51.92%
- Step 7, calculate the total remaining fee after the first week: IDR 32,000,000 – IDR 16,000,000 = IDR 16,000,000
- Step 8, calculate the refund amount after the first week by multiplying the proportion (%) of remaining days of classes not taken after first week with the total remaining fee portion after first week: 51.92% x IDR 16,000,000 = IDR 8,307,200
Therefore, the total amount of refund the student is eligible to receive is IDR 8,307,200. The amount will be transferred to the student’s bank account within 30 working days from the date of when the school receives the withdrawal request.
Data Science Series Refund Policy
The following are the terms and conditions:
- Applicable to the Data Science Series and will only be refunded in Algoritma Credit
|
If termination occurs: |
Participant will be able to refund in credit |
|
Prior to the first day |
25% of the total course price |
|
During and after the first day |
0% of the total course price |
Read and understand the school’s policy regarding tuition refund and cancellation before you sign the enrollment agreement. If you are unsure of any of the policy or agreement, feel free to contact us. You may ask for assistance from the team at the admissions office address below or email to admissions@algorit.ma
PLEASE NOTE THAT THIS REFUND POLICY IS ONLY APPLICABLE TO INDIVIDUALS AND NOT APPLICABLE TO CORPORATE CLIENTS