"How many years of contracts do you usually have for admission fees?” is a question I often receive. Therefore, we will explain in detail the choices you are making, the financial impact of your choice of contract period, and the conditions and penalties for canceling the contract midway through.

We will introduce the percentage of the contract period.

Among those who will be staying in the WID series dormitory in spring 2023, we willApproximately 1% of the respondents selected a 2-year contract and a 7-year contract.occupies . Also,Approximately 4% of those who chose a 3-year contractI will go up to

Many students choose student dormitories for the first year to get used to their new life, or to decide on their future residence after spending two years there. Furthermore, some people plan to stay for 1 years from the beginning, and as I will explain later, a 2-year contract reduces annual costs, so some people choose a 4-year contract after thinking about a 4-year contract. There are also a certain number of people.

Differences in contract methods and economic benefits

Admission fees for WID and affiliated dormitories are, in principle,You can choose from 1, 2, 3, or 4 year contract periods..

For example, "WID Waseda'' has a 1-year contract of 160,000 yen, a 2-year contract of 200,000 yen, a 3-year contract of 240,000 yen, and a 4-year contract of 280,000 yen.Long-term contracts have great economic benefits. In addition, it actually saves you the trouble of moving and the cost of finding a room, so you can secure a stable place to live and have peace of mind so that you can concentrate on your studies..

<Simulation 1>

例えば、WID早稲田で、入寮時に【1年契約】をして1年契約を3回更新すると合計49.6万円（初回1年契約 16万円+ 更新1年 16万円 x 70%※）が必要ですが、初めから【4年契約】をする場合は28万円となり、Difference of 21.6 yento happen.

*Contract renewal will be subject to a 70% discount rate.

<Simulation 2>

Also, if you sign a [2-year contract] when you move in and renew the two-year contract, the total cost is 2 yen (initial 34-year contract 2 yen + 20-year renewal 2 yen x 20%), and the [70-year contract] and 4 There is a difference of 6 yen. Therefore,If you are wondering whether to get a 2-year contract or a 4-year contract,, many people choose a 4-year contract..

Conditions for contract cancellation

Next, I would like to ask you one more question.Conditions and penalties for canceling the contract midway through” will be explained in detail.

If you wish to cancel during the contract period,50,000 yen as penalty feeoccurs. however,There are special benefits and no penalty for canceling in March of each fiscal year..

• Penalty for early cancellation: If you wish to cancel during the contract period, a penalty of 50,000 yen will be charged. However, there are exceptions to this.
• March cancellation benefits: If you cancel your contract in March of each year, there is no penalty fee.
• Refund Policy: Fees paid are generally non-refundable. However, if you pay annually, you may be refunded on a monthly basis depending on the number of months remaining.
• Changes in penalty fees depending on timing: If you cancel your contract after April, the penalty fees will vary as follows:
  • Until December 12st: Free
  • During January: 1 yen
  • During January: 2 yen
  • March 3st to March 1th: 3 yen
  • March 3st to March 16th: 3 yen

Summary

• The length of the contract in the first year is 1% for 2-year and 7-year contracts, and about 4% for 3-year contracts.
• If you cancel your contract mid-term, a penalty will be incurred during the contract period, but if you cancel your contract in March of each year, there will be no penalty.
• The advantage of long-term contracts is not only economical, but also peace of mind.

We hope you understand how WID Waseda's contract term selection can have a financial impact. Most of the initial contracts are 1 or 2 years, but nearly 4% have 3-year contracts. Long-term contracts are not only economical, but also save you the hassle of moving and finding a room, and provide a stable housing environment that allows you to focus on your studies. This makes long-term contracts a beneficial option for many students.

We hope you find this information useful in your housing selection decisions. If you have any questions or concerns, please feel free to contact us at any time.

*The contents of this article are as of January 2024. Additionally, admission fees are for those enrolling in April 1.