ABOUT THE OFFICE OF THE ACCOUNTING AND FINANCE

The CMC Office of Accounting and Finance handles all the financial resources of the institution and responds to students in a courteous, accurate, and timely manner.

I. OUR SERVICES

      a. ACCOUNTING: Functions for Bookkeeping, Financial Reports
      b. FINANCE: Functions for Collection, Disbursements

II. CMC PAYMENT POLICIES

1. SCHEDULE OF PAYMENT
Upon enrollment, the student must pay 1,000 for the down payment fee, and the remaining balance will be divided into four (4) terms; PRELIM, MIDTERM, PRE-FINAL AND FINAL EXAMS.

2. FULL PAYMENT DISCOUNT
A student who pays in full before the start of classes and at the same time settled in full in any additional subject(s) during the period of adding/dropping of subjects is entitled to a five percent (5%) discount on tuition.

3. PENALTIES
      A. ADDING AND DROPPING OF SUBJECTS
          A student dropping the subject and not submitting the Dropping Form during the prescribed
          period will be charged in full tuition/ fees on the subject (s) being dropped.
      B. WITHDRAWAL AT CMC
          A student who withdraws from the Central Mindanao Colleges during theregular semester
          shall be charged as follows:

                1. Withdrawal BEFORE THE START OF THE CLASS: 25% of Miscellaneous Fees
                2. Withdrawal during the START OF CLASSES BEFORE PRELIM: Total Miscellaneous Fees
                3. Withdrawal AFTER THE PRELIM EXAMINATION: Full tuition and Miscellaneous

4. PROMISSORY NOTE
For promissory note official templates, please message the CMC Office of the Accounting and Finance FB Page:
https://www.facebook.com/cmc.accountingandfinance or visit the CMC Office of the Accounting and Finance during office hours.

III. PAYMENT OPTIONS

1. WALK-IN PAYMENT TRANSACTIONS AT CMC
      a. CASH: You may pay directly at the CMC Office of the Accounting and Finance Office Hours: Monday-Friday 8:30am-4:00pm
      b. CHECK: Check Payments must be made payable to CENTRAL MINDANAO COLLEGES (Note: Postdated checks will not be accepted.)

2. ONLINE PAYMENT
Students and parents have two easy options for paying their CMC enrollment and tuition fees. One is through ONLINE BANK DEPOSIT/TRANSFER, and the other is through Remittance Centers.

Paying the tuition and fees doesn’t have to be a hassle. You can do it wherever you are, whenever you need to, with any device. It’s easy as ABC. Pay online on your phone, your tablet, or your computer.

STEPS FOR ONLINE BANK DEPOSIT/TRANSFER AND REMITTANCE PAYMENT

STEP 1:
      OPTION 1: ONLINE BANK DEPOSIT/TRANSFER Online bank payments must be made payable to:
                         BDO Account Name: Central Mindanao Colleges
                         Account Number: 00332 000 1560

     OPTION 2 : REMITTANCE CENTERS
                        (PALAWAN/CEBUANA/MLHULLIER/RD)
                         Pay to Remittance Centers using the Office Name of Finance
                         Representative/ Receiver: SHIELA MAE T. ALILING: 0951-6498-674

STEP 2:
After the payment has been made through bank transfers or remittance centers, please send an electronic copy of your Online Transactions via the CMC Office of the Accounting and Finance FB Page: https://www.facebook.com/cmc.accountingandfinance

IV. INQUIRY ON TUITION AND OTHER STUDENT FEES
For detailed student fees, please message the: CMC Office of the Accounting and Finance: https://www.facebook.com/cmc.accountingandfinance or visit the CMC Office of the Accounting and Finance at the CMC Administration Building.

V. OFFICE SCHEDULE
The CMC Office of the Accounting and Finance is available from 8:30 AM to 4:30 PM on Monday through Friday and from 8 AM to 12 PM only on Saturday. Offices are closed on Sundays and holidays.

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