The EPC is an interest-like charge that accrues on unpaid student account balances. It is calculated and applied to an individual's account on the last working day of each month in which the student is currently registered . It is assessed at a rate of 5% per annum. The EPC continues to accrue on a student's account at the end of every month until the account balance is cleared or until the academic session ends.
Note: If you plan to pay your fees in two installments, be aware that the EPC will accrue on the deferred portion of your account balance.