Page 107 - EXHIBIT 1_UNIVERSITY-CODE
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by the opening of the next term, the student shall not be allowed to
                                       register.


                   Section 8. Foreign Students. The President shall create a committee whose duty shall be
                             to look after the welfare, obligation and accountabilities of foreign students.
                             Foreign students are obliged to comply with the rules and regulations governing
                             the local, national and international policies on foreign students.

                   ARTICLE II. TUITION AND OTHER FEES
                   Section  1.  General  Provision.  The  University  shall  have  the  power  to  determine,  and
                             increase the rate of tuition and other fees based on the prescribed policies by
                             the Board of Regents.
                   Section 2. Mode of Payment. Payment of fees may be in full or installment basis. When
                             fees are paid in installment, the student shall pay 50% of the total fees upon
                             enrollment, and the remaining balance to be paid on or before mid-term for the
                             tertiary and undergraduate level.
                   Section 3. Refund of Fees. Student who have paid their tuition and other fees and granted
                             honorable dismissal or leave of absence shall be entitled to a refund of all their
                             fees (except registration fee) in accordance with the following schedule:
                         Within one week from the opening of classes……………………………………… 75%

                         Within four weeks from the opening of classes……………………………………50%

                         After the fourth week from the opening of classes………………………………25%
                         In case of death of any student during the semester or summer, full refund of the
                   total  fees  paid  for  the  semester/term  except  registration  fee  shall  be  paid  to  parents,
                   guardian or legal heirs. Clearance however is required.

                         Except graduating students, any student who is drafted for trainee instruction, or
                   called  to  active  military  duty  in  accordance  with  the  National  Defense  Act,  may  be
                   refunded  the  proportional  part  of  the  total  amount  paid  for  his  tuition  and  other  fees,
                   (except registration) for the term during which he is drafted or called to military training.

                   ARTICLE III. STUDENT ORGANIZATIONS

                   Section 1. Application
                          Section 1.1. Any group of 15 students may apply to organize and operate a student
                                       organization.
                          Section 1.2. Application for official recognition of any organization of the student
                                       organization shall be submitted to the Office of the Director of Student
                                       Services who shall evaluate the objectives of the organization that
                                       served as the basis of granting of recognition. A student organization
                                       shall not be allowed to function in a school/college/university without
                                       proper documents and approval by authorities concerned. A newly
                                       organized organization shall be placed under probation for a period


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