Benefits of investment in accommodation to College students
We all need a place to sleep. We either rent it or own it. ANC training events use residential accommodation onboard boats and ships. The sleeping berths or spaces must be either rented or owned by the student.
Students paying rent: Berth rental on college boats is $25 per night or $150 per 7 day week for residential courses. This is similar to student rental in other training organisations.
Students who invest in sufficient berth licences for the duration of their residential course will be saving a considerable amount of rent expense. This is one way the college is keeping student costs as low as possible. Students will be able to reassign their licences to another student after their graduation at the current market value. This is an incentive to the student to promote the ANC On Murray training to maximise their capital return. The college reserves the right to approve the membership of the purchaser.
In the event the student needs to recover their investment under urgency of special circumstances , the Principal will consider repaying the loan. Repayment is not guaranteed.
Students who own licences but do not need need them now can assign it to the college management for use. If the college is able to rent the berth, interest for that use will be credited to the owner of the licence.
Living Expenses: As different from rent or ownership, are expenses we all pay regardless of where we are or what we are doing (food, drinks, clothes, laundry, internet, phone etc.)
- All loan licences placed with college management will be used strictly in order of purchase date for that year. All continuing licences will have 1st January as their purchase date for each ongoing year of ownership. In this way long term supporters of "Flotilla Master" will have first return of interest income from their licence. The college does not guarantee that all licences assigned to college management will be used.
Course fees: Most of these fees will be paid by Government under the "Skills for All" training initiative.