Payment for studies is made according to the tuition fees approved by Riga Management College. They are being made every year, according to the payment schedule specified in the study contract. Students can only start a new study year after a successful transaction.

While the transaction has to be in full amount, students can request a breakdown into 2 or 4 payments before the second year. In this case, the tuition fee for the following year will be increased by 10%. Students must submit their request to the College at least two weeks before the deadline to receive an updated payment schedule.

If the student has an insufficient academic performance, they have a chance to re-apply once, if the tuition fees for the repeated semester are paid.