Disclosure date: 26 November 2013
1.) I would like to know whether the university/institution has any kind of agreement with Western Union relating to payment of fees to the university by international students.
2.) If it does, please could I receive an outline of the agreement or any relevant documents that explain it.
3.) In addition, could you please tell me how much money the university has received from Western Union on a year by year basis since 1st January 2010.
1.) SOAS does have an agreement of this kind with Western Union.
2.) Under the agreement SOAS has with Western Union, the latter collects fees from international students on behalf of SOAS and credits SOAS’ bank account with funds following receipt of each student’s payment. There are no separate charges to students; the cost of any transaction is included within the calculation of the exchange rate used. The exchange rate is communicated upfront to ensure cost transparency.
3.) 02/03/2011 to 31/10/2011 - £981,619.94
01/01/2012 to 31/12/2012 - £1,237,825.00
The figure for 2013 is not yet available.