Education Law of the Republic of Azerbaijan

Article 40. Financing of private educational institutions

 

40.1. A private educational institutions is financed from the following sources:

40.1.1. income generated for provision of educational services;

40.1.2. funds from founders (trustees);

40.1.3. funds from received grants and loans;

40.1.4. contributions, aid, bequeathed funds and gifts provided by individuals and legal entities;

40.1.5. income generated for providing educational, scientific, production, consulting and other services defined by the legislation;

40.1.6. resources obtained from other sources not prohibited by legislation.

40.2. private educational institution independently manages financial resources.

40.3. Private educational institution independently determines the tuition fee on the basis of curricula in each level of education.

40.4. The relations between the private educational institution and learners and their parents (legal guardians) are regulated under a contract.