Tuesday, 31 August 2010
Posted by Mozo
Students who attended one of the IT training schools of the recently bankrupt company Excom Education may not get their massive course fees refunded, it has been revealed.
The company went into liquidation last week after failing to pay back its debts, leaving students, many of whom paid about $25,000 for an ''Express IT course'', facing the prospect of not receiving their qualifications.
Speaking to the Age, liquidator Roger Grant of accountancy firm Dye & Co said the company's huge debts of about $13.5 million meant that it was unlikely students would have their fees refunded.
The news could prompt those affected to compare student finances in search of the best options. According to the Age, rival schools have offered some students a place in their courses for free, while the Victoria state government has said that most students at the Excom Education Melbourne campus appear likely to be entitled to qualifications.
Excom Education, which was formed 14 years ago, has campuses in all major mainland Australian cities, as well as Auckland and Singapore.
This article is brought to you by Mozo – Helping you compare student finances