Özyeğin University, Çekmeköy Campus Nişantepe District, Orman Street, 34794 Çekmeköy - İSTANBUL

Phone : +90 (216) 564 90 00

Fax : +90 (216) 564 99 99

E-mail: info@ozyegin.edu.tr

Payment

Payment

 

Students must pay their semester tuition and technology fees at the beginning of each semester within the announced payment periods in order to be able to renew their registrations.   Course registrations can be renewed only after the semester tuition and technology fees are paid. Students are personally responsible for notifying their sponsors about semester tuition and technology fee payments.

        • Semester tuition and technology fees are paid within the dates announced in the Academic Calendar.
        • Guesthouse/housing fees are paid within the dates announced to students at the beginning of each semester.
        • In installment plans, all installments after the first one are charged to the credit card one month after the payment date of the previous installment.
Levels / Programs 2019 - 2020 Fall Semester Payment Periods
English Preparatory Program August 26 - September 02, 2019
Undergraduate Programs August 26 - September 02, 2019
Per-Credit Tuition Payments for Undergraduate Students Who Need to Complete at Most 18 More ECTS Credits in Order to Graduate  October 03-04, 2019
Graduate Programs September 02-06, 2019
 

Payment Methods

Payments can be made either in cash at the Fibabank branches, or from your deposit accounts via Fibabank online banking system or Fibabank telephone banking system, or by credit/debit card via our University’s website.  Please note that Özyeğin University does not accept cash payments. 

  • Tuition amounts listed in TL must be paid in TL.  
  • Amounts listed in US Dollars can be paid either in TL or US Dollars.   When amounts in US Dollars are paid in TL, the TL equivalents of tuition and fees are calculated based on the arithmetic average of the foreign exchange sales rates determined by the Central Bank of the Republic of Turkey for the first 5 business days of August, January and May for the fall, spring and summer semesters, respectively. The highest and lowest sales rates are excluded from the calculation.

Our University offers both upfront payment and installment payment options. Tuition and housing fees can be paid either upfront or installments. Annual Dormitory Registration fees, security deposits for OzU dormitories, library fees, and document-information fees are paid in upfront via the Fibabank branches, the Fibabank online banking system from your deposit accounts, or the Fibabank telephone banking system. You may find below details of our upfront payment and installment payment options. Payments can be made through any one of the following methods:

Upfront Payment

 Tuition, housing, annual dormitory registration fees, library fees, and processing fees for information and documents are paid in upfront. Upfront payment options are applicable to payments in TL for the fees listed in TL or in USD.  Students who wish to make their payments in USD for the fees listed in USD should contact International Office.  

Students may make their upfront payments within the announced dates in the academic calendar by choosing one of the following payment options. After the designated due date, overdue payments can be made either by debit/credit card, or at bank branches, via online banking, or telephone banking.

  • Upfront Payment via Bank Branches; Tuition can be paid at Fibabank branches before the due date. Payers must indicate that the payment is for the Özyeğin University tuition, and must provide the student’s name, surname and student number. The due amount displayed in the bank’s system will be collected in cash by the bank officer.  
  • Upfront Payment via Fibabank Online Branches; Fibabank customers may see their amounts due or make their upfront payments via Fibabank online banking. To see your amounts due or make your upfront payments directly from your account, please click the Payments and University Payments tabs, respectively, and then enter your student number. For detailed information, click here.
  • Upfront Payment via Fibabank Telephone Banking; Fibabank customers may make their upfront payments from their deposit accounts via Fibabank’s telephone banking at 444 88 88. For detailed information, click here.
  • Upfront Payment via Debit or Credit Card; Payments can also be made by any debit or credit card via our University’s website. To make your payment by a debit or credit card, please visit the OzU website, and click on the Student Services / Fees and Payment / Payment via Card links respectively.   In order to make your payment using your debit or credit card, your card: 
    • Must be authorized for virtual pos transactions 
    • Must have 3D Secure authentication 
    • Must have sufficient limit for online transactions 
    • Must be available for use abroad (only applicable to credit cards and debit cards issued by foreign banks)

To make your payment by debit/credit card, please click here.

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Installment Plans

1 - Installment Plans via Credit Card

Özyeğin University offers installment plans for tuition  and housing fees. The installment option is not available for payments made in USD. The installment plans are interest free. 

You may make your payments in installments, using one of the following debit or credit cards within the payment period announced in the academic calendar. In order to make your payments using your credit cards, your cards: 

  • Must be authorized for virtual pos transactions 
  • Must have 3D Secure authentication 
  • Must have sufficient limit for online transactions 

The University offers 2 equal installments for semester tuition payments.

  • CardFinans Retail Credit Cards and Cardfinans Fix Cards: 2 installments are offered.  Please be advised that 2 installments campaign is not applicable to payments made by CardFinans debit cards, Enpara cards, or MoneyPoints. 
  • HSBC Advantage Credit Cards and HSBC Concept Cards: 2 installments are offered.   Please be advised that 2 installments campaign is not applicable to payments made by HSBC Business Credit Cards and Advantage CashPoints.

In addition to the 2 equal installments offered by the University, there are also “Additional Installments for Education Sector” campaigns offered by our partner banks, which provide two more installments. However, the banks reserve their right to terminate the additional installment campaigns at any time at their own discretion. Below you may find the details of our partners banks which offer additional installments as part of their campaigns: 

  • Bonus Credit Cards issued by Bonus Loyalty Program Affiliates: 2 additional installments are offered for payments in 2 equal installments. The four installments campaign is not applicable to payments made by Business Credit Cards or Bonus Points.
  • Vakıfbank and Yapı Kredi Bank World Card Retail Credit Cards: 2 additional installments are offered for payments in 2 equal installments.  The additional installment campaign is not applicable to payments made by Vakıfbank and Yapı Kredi Bank Business Credit Cards and WorldPoints. 
  • For payments via Ziraat Bank Debit Cards or Combo Credit Cards: 2 additional installments are offered for payments in +2 equal installments.  The additional installment campaign is not applicable to payments made by Business Credit Cards and ComboLira.

To make your payment by debit/credit card, please click here.

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2 - Installment Plans via Overdraft Account 

Installment plans are also applicable to tuition payments via Overdraft Accounts. However, please note that this payment method applies to tuition payments only. Semester tuition can be paid in 4 installments using an overdraft account. 

To pay tuition via an overdraft account, payers must open an account at the Özyeğin University branch of Fibabank. Account holders must visit the Özyeğin University branch of Fibabank, https://www.fibabanka.com.tr/home-page.aspxin order to pay the semester tuition in installments.  Account holders must indicate to the bank official that they would like to pay the semester tuition of Özyeğin University in installments and must provide the student’s name, surname and student number as well as required documents.

Account holders must complete/prepare the following documents:

  • Framework Agreement for Banking Services 
  • Supplemental Agreement for Overdraft Accounts 
  • Copy of the Identity Card
  • Certificate of residence or the last month’s utility bill (electricity, water, gas or telephone) 
  • Proof of income documents:
    • For full-time employees: Payroll sheet or a signed and stamped company letter (if a company letter is submitted, signature circular of the company is also required); 
    • For free-lance employees:  A copy of the tax certificate belonging to the company in which the payer is the owner or the partner; trade registry gazette; signature circular of the company; the last three years’ balance sheets and income statements approved by the tax office or a certified public accountant; trial balance for the current year; operating license or registration at the Chamber of Tradesmen and Craftsmen. 
  • For Lessors: If requested by the bank, proof of asset documents such as lease agreements, copy of the title deeds etc.  
  • Additional documents which might be requested by the Bank. 

If submitted documents are accepted and approved by the bank, the bank will then open an Overdraft Account (KMH) for the payer, and allocate an overdraft limit to this account up to the amount of  semester tuition displayed in the system for the student. The overdraft limit can be used for tuition payments only, not for cash withdrawals.

Payers must deposit the amount due into the Overdraft Account before the due date of an installment. In the event the due amount is not deposited into the account before the due date, the bank will make the payment on behalf of the student, and will charge the account owner.    

Holders of Overdraft Accounts must check their account balances, and pay back any overdraft balance or the minimum duet by the end of the month in which interest is accrued for the last installment of the semester tuition.  Failure to do so might result in forfeiture of the payer’s right to pay the tuition in installments via an overdraft account. 

In order to be eligible for an installment plan via an overdraft account, the first installment must be paid in upfront. The balance can be paid in 3 equal installments.  

Fibabank Özyeğin University Branch

Telephone No: 0 216 525 50 00

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Payment Amount and Dates

Tuition fees and technology fees are paid on the dates posted on the academic calendar. Housing fees are paid at the beginning of each semester on the dates announced to student.

Students can register for courses after paying their semester tuition and technology fees at the beginning of each semester.

Details about tuition payments and payment dates are also announced to students via notifications sent to their Özyeğin University emails at the beginning of each semester. It is the student’s responsibility to notify the authorized payer who will pay the tuition fees on behalf of the student. 

In installment plans, installment amounts following the first installment are charged to the credit card statement one month after the previous installment is paid.

You may find the relevant tables for the Payable Tuition Amounts and Payment Periods at the following link. The fees and amounts listed in the table are VAT inclusive.

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Important Reminders For Payments 

1) Reminders for Payments from Overdraft Account

Holders of Overdraft Accounts must check their account balances, and pay back any overdraft balance or the minimum duet by the end of the month in which interest is accrued for the last installment of the semester tuition.  Failure to do so might result in forfeiture of the payer’s right to pay the tuition in installments via an overdraft account.  Payments from the overdraft account cover one (1) semester only.

Existing agreements signed between the students and the bank for payments from the overdraft account are renewed automatically. Students who opt to make their payments from their overdraft accounts must first contact Fibabank within the tuition payment period announced in the academic calendar to have their overdraft payment method activated. These students must then inform the Scholarship and Tuition Unit at Student Services that they will make their payments via their overdraft accounts and have their payment plan renewed.

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2) Reminders for Overdue Payments 

Students who fail to make their tuition payments for the 2019-2020 Fall semester in the announced payment period may make late payments. Late payments must be made before the start of the course registration period specified for their years. Please note that students who fail to make their tuition payments cannot register for their courses.  First-semester course registrations of freshman students who matriculated to their undergraduate programs in the 2019-2020 Fall semester will be “pre-loaded” by Student Services. However, the preloaded courses of those who fail to pay their tuition will be dropped before the add-drop period. Students who fail to renew their registration within the announced course registration period may complete late registration renewal during the add/drop period specified in the academic calendar. A late fee is assessed on late registration renewals. Therefore, students who are late with their registration renewals must pay both their tuition and a late fee. Please note that should you fail to make your tuition payment by the end of the late payment period, you will be considered an “unregistered student” and lose your student privileges. Students who have not completed their internship, despite having completed all courses offered in their curricula, must pay their tuition, register for their internship courses, and renew their registration at the beginning of each academic semester during the registration period specified in the academic calendar. 

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3) Reminders for Per-Credit Tuition Payment For Students Who Need To Complete At Most 18 More Credits In Order To Graduate 

Undergraduate students who need to complete at most 18 more ECTS credits, excluding internship, in order to be eligible to graduate pay their tuition based on per-credit rating. Tuition per credit is 1/60th of the annual tuition (1/30th of the semester tuition) of the student’s current academic program. For recipients of tuition waivers, the tuition per credit will be waived up to the rate of the tuition waiver the student has been awarded. Students who must pay per-credit tuition are determined by Student Services. 

These students must first complete their course registrations, and then make their per-credit tuition payments. The total tuition these students need to pay is calculated based on the total number of credits they take. Therefore, during the course registration period, students with per-credit tuition are not required make any regular tuition payments, and unpaid tuition will not preclude them from selecting courses during the course registration period. Their tuition will be assessed at the end of the course add-drop period based on the total ECTS credits of the courses they have taken for the current semester. In a case in which students take more than 18 ECTS credits, they are charged semester tuition. These students will be notified by Student Services via email. Students who need to complete at most 18 credits in order to graduate but are still charged semester tuition instead of per-credit tuition may contact their undergraduate program representatives at Student Services. 

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4) Reminder for Family and Fiba/OzU Tuition Discounts

The family discount will be effective as long as family members (two siblings, parent-child) concurrently pursue their undergraduate studies as registered students. The family discount will continue over the term of scholarship the University has set and announced based on the students’ year of admission. We kindly remind you that in a case where one of the family members graduates or withdraws from the University, the family discount will be terminated, and the 5% difference will be charged to the student.

The OzU/Fiba tuition discounts are valid as long as recipients continue to work full-time at Özyeğin University or the FIBA Group.  Recipients must prove their eligibility for tuition discounts at the beginning of each semester. To do so, students must obtain the proof of employment from their employers and submit it to Student Services.   Students who prove their eligibility are awarded tuition discounts. The tuition discount continues over the term of scholarship which the University has set and announced based on the student’s year of admission.

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5) Reminders for Overdue Technology Fees

Students who are assigned laptops by the University but have overdue technology fees from the previous semesters are not granted access to the course registration system. These students must complete their technology fee payments before the 2019-2020 Fall semester course registration period. Students wishing to return their laptops in the 2019-2020 Fall semester may contact IT via the Solution Center.

  Overdue Payments

A late fee is applicable for overdue tuition fees, technology fees and housing fees. Students who fail to pay their tuition and fees by the relevant due date are entitled to late payment by the end of the add-drop period.  In such a case, the student must pay the relevant tuition and fees either in cash or in installments along with a late fee.
The rate of late fees is 2% for the 2018-19 academic year. Late fees are calculated on the outstanding balance on a daily basis including the holidays. The applicable late fee rate can be revised for each academic year by the University.
Late fees are added to the outstanding balance and are collected together with the overdue amount. After the designated due date, students may make their payments by debit/credit card via the OzU website, or at Fibabank branches, or from their deposit account at Fibabank via Fibabank’s online banking or telephone banking system.   

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Billing

Bills relating to payments are issued in the name of students and are mailed to students’ corresponding addresses, which they had previously notified to the university, at the latest within one month following the due date for semester tuition payments posted in the academic calendar.

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Refunds

In the event of a circumstance that requires the tuition fee to be refunded as per the relevant rules and regulations and procedures (such as leave of absence, withdrawal from the university etc), refunds are made provided that the student has no liability against the university and the student has returned back all equipments issued for his/her use by the university in good working condition.

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