Tuition Refund Policy

CUSM students who withdraw, or are otherwise withdrawn or de-enrolled by CUSM, are subject to CUSM’s Tuition Refund Policy. A tuition refund calculation is performed within 14 days of the Effective Withdrawal Date (EWD). The tuition refund calculation is determined by the daily charge for the semester (total tuition charge, divided by the number of days in the semester), multiplied by the number of days the student attended or was scheduled to attend, prior to withdrawal. CUSM students are ineligible for a tuition refund if they have completed more than 60% of any semester. If a student is eligible for a refund, the refund will be made within 45 days of the (EWD).

TUITION REFUND POLICY

CUSM follows the State of California’s Bureau for Private Postsecondary Education (BPPE) refund policy, in which the student has the right to cancel the enrollment agreement and obtain a refund of charges paid through attendance at the first class session, or the seventh day after enrollment, whichever is later. In CUSM, the first class session takes place on the first day of the first semester. Therefore, a student has the right to a full refund of all payments made for all charges paid directly to the CUSM minus the non-refundable registration deposit ($100) if he or she cancels the enrollment agreement within the first seven (7) days of the first semester of enrollment. In this case, the late payment fee will also be waived/refunded.

A student who has been enrolled for more than seven (7) days and finds it necessary to withdraw from CUSM may be eligible for a partial refund of their paid tuition. The student must adhere to the withdrawal policy set forth in the CUSM Student Catalog/Handbook. The Effective Withdrawal Date is the actual date that the student meets and completes all of the requirements of the CUSM withdrawal policy, which include:

• Submitting a written notice of withdrawal to the Registrar
• Returning all medical school equipment and property to the Registrar

Note that exceptions can be made at the sole discretion of the Associate Dean of Student Affairs for students called to military duty (a copy of service orders is required) or in the event of the student’s death or disability.

Tuition Refund Calculation Example:

INSTITUTIONAL AND TITLE IV REFUND POLICIES

Non-Title IV Drop Calculation

1. Students who have completed 60% or less of any semester could be eligible for a pro-rata refund less any private loans, or nonrefundable fees. The pro-rata charge amount is determined by the daily charge for the semester (total tuition charge, divided by the number of days in the semester), multiplied by the number of days the student attended or was scheduled to attend, prior to withdrawal.
2. CUSM students who have completed more than 60% of any semester in all programs are ineligible for a refund.
3. If a student is eligible for a refund, the refund will be made within 45 days of the Effective Withdrawal Date (EWD). If the student has received a private loan, the student is entitled to a refund of money not paid from private loans.

Title IV (Federal Aid) Drop Calculation

1. An FSA drop calculation is completed to determine if the student has earned or unearned portions of Title IV funds as of the EWD. This is based on the amount of time the student spent in attendance up through the 60% point in each payment period. A pro rata schedule is used (based on number of days student attended divided by the number of days in the semester) to determine the amount of Title IV funds the student has earned at the time of withdrawal. After the 60% point in the payment period, a student has earned 100% of the Title IV funds he or she was scheduled to receive during the period.
2. If a student is eligible for a refund, the refund will be made within 14 days of the EWD. If the student has received federal student financial aid funds, the funds will be returned as such: Unsubsidized loan, then GradPlus loan, etc.
3. Once a student has ceases enrollment at CUSM any unearned or pre-disbursed Title IV funds will be returned to the proper Title IV fund source within 14 days.
4. A student may be eligible for post withdrawal disbursement if they drop and are still in the verification process.

If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds. In this case, a drop calculation will be performed to determine the return of funds.