Standard PEI-Student Contract

We are required by Committee for Private Education to execute a Student Contract for every enrolment. It is a legal document which lays out terms and conditions governing the relationship between ASCENSUS INSTITUTE, formerly known as AAARYA Business College, and students. It serves to minimize future disputes.

ASCENSUS INSTITUTE uses the Standard PEI-Student Contract provided by the Committee for Private Education as published in the CPE website.

The contract contains the following key information:

  • Course information
  • Detailed breakdown of total fees payable by students together with exact due date for each payment instalment
  • Refund policy
  • Additional information to guide students on what to do and where to go if there is a dispute with ASCENSUS INSTITUTE and other relevant matters.


Students must understand the contract prior to enrolment. Also, students must not pay any fees aside from Application Fee before signing the contract. Students must sign 2 original copies of the contract and retain 1 copy after signing. Unless ASCENSUS INSTITUTE and student agree, the contract cannot be amended after it has been signed.

Please click here to see a sample of the Student Contract