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10010.9 REFUND OF TRANSPORT FEEStudents who decide not to avail the bus facility within two weeks from the date of commencement of classes will be refunded 50% of the transport fee. Beyond two weeks, the total fee paid is non-refundable. For subsequent semesters, all fees once paid are non-refundable.10.10 POLICY FOR CHEQUE BOUNCEa)In case of cheque bounce, the respective student will be liable to pay a fine of AED 500/-[applicable on each such occasion] to the University and in addition to the fine, the entire fee dues must be cleared within five University working days from the date of cheque bounce. In case of any further delay to settle the fee dues, appropriate LEGAL ACTIONwill be initiated as per the UAE laws.b)Such student/parent/guardian/sponsor whose cheques has/have bounced will forego the opportunity of payment/s through cheque/s and henceforth for the remaining semester/s, they will pay by CASH [UAE Dirham] only.10.11 STUDENTS RESIDENCE FACILITYStudents of RAKMHSU are provided hostel facilities in the Student Residence Facility the Government of Ras Al Khaimah has built in the American University of Ras Al Khaimah (AURAK) Campus. Hostel fee is not under the purview of RAKMHSU. The current fee structure is available from the Admissions Office or Student Affairs Unit at RAKMHSU.10.12 BANK LOAN ASSISSTANCEOn request by the student, the University will issue a bonafide certificate along with the statement of annual expenditure for the program to enable students to obtain the maximum educational loan from the banks. The student is ultimately responsible for resolving all issues involving loan delinquencies, defaults, and/or any other circumstances that would result in the student being ineligible to borrow through any loan program.10.13 HEALTH INSURANCEHealth insurance coverage is essential for all students studying in RAKMHSU and the insurance fee is collected along with the tuition fee, on or before the scheduled date for the fee payment. Students who have their own medical insurance arrangements, shall submit a copy of the valid health insurance card to the University for records.The student should opt for the university provided health insurance card by 30thSeptember of each academic year. The university will not be able to enroll new members in the insurance scheme on or after 1stOctober, as per the contract between the university and the health insurance company.