University Charges Per Semester for the Academic Year 2014–2015
The charges listed below are before financial aid is awarded.
TUITION CHARGES PER SEMESTER FOR NORMAL STANDARD PROGRAMS
|Standard Program Full Time (12 or more)
|Standard Program ¾ Time (11 credits)
|Standard Program ½ Time (6 to 10 credits)
|Standard Program ¼ Time (2 to 5 credits)
Students are encouraged to attend all blocks each semester. Standard Programs have courses at the rate of one semester credit hour per week, as well as Development of Consciousness (DC) credits. The DC credits, as well as MVS100, are not used to calculate charges or enrollment status.
HOUSING AND MEAL CHARGES PER SEMESTER
|Twelve or more weeks in a semester
|Six to eleven weeks in a semester
|Two to five weeks in a semester
Housing charges must be accompanied by full meal charges. Meal charges are not available to students without housing charges (although students may buy discounted meal passes at the bookstore). Courses taken during winter and summer break cost extra (see below). All students who live on campus are required to pay for full meals, which consists of three meals per day, six days per week, and two meals on Sunday. Single undergraduate students under 22 years of age are required to live in residence halls. Students with exceptional circumstances, such as living with parents in Fairfield, may petition Student Life for an exemption.
STUDENTS MOVING OFF CAMPUS DURING A SEMESTER
Students who move out of the residence halls after they have registered will not be eligible for a reduction in housing charges for that semester, except when charges must be reduced due to University Withdrawal.
TUITION PER SEMESTER FOR PhD AND EVENING WEEKEND AND DISTANCE EDUCATION PROGRAMS
Masters and Graduate Certificate $4,500 or $400/credit if less than 8 credits
PhD Candidate Level $4,000
PhD Researcher Level $2,000
Master’s in Maharishi Vedic Science or Maharishi Ayur Veda
Masters and Graduate Certificate $2,100 or $400/credit if less than 4 credits
PhD Candidate Level $4,000
PhD Researcher Level $2,000
Full-time definition is six credits, half-time is three to five credits, and not including DC credits. Work or practicum credit is included, based on credits issued. PhD charges per semester are not reduced for partial enrollment. Distance Education and Evening Weekend programs do not have tuition reduced by 1/2 time status, rather tuition is only reduced if MBA students take less than 8 credits and only if MVS or MAV students have less than 4 credits in a semester (see above).
SUMMER BREAK, WINTER BREAK, AND INTERSESSIONS
The normal semester calender is 18 weeks per term. Students may earn credits during additional weeks such as during winter break, summer break, and intersessions. Credits earned from January 1 to June 30 are always added to spring semester for enrollment status (full time/half time), and credits earned from July 1 to December 31 are always added to fall semester.
Graduate students- no charge for tuition/housing/meals* during breaks and intersessions
June- no charge for tuition/housing/meals* during June if full time during spring semester
July- no charge for tuition if full time during spring semester; housing and meals is $210 per week during July
Less than Full Time during spring semester- add credits to normal semester load and pay according to charges per semester
Center Invincibility Course- All students pay the additional course fee and accommodation rate
*No additional charge for housing and meals is only while taking a credit course in Fairfield, and only if on campus during full spring semester.
CHARGES FOR PROFESSIONALS PROGRAMS
Computer Professionals Program see web posting
Accounting Professionals Program see web posting
Charges are per program, not per semester. Six credits per semester are required for full time status.
Student Fees: A Student Activities fee of $60, a Student Athletic Facilities fee of $40 a technology fee of $115 and a Health Clinic fee of $50 are charged per semester. Fees are not prorated for partial enrollment. Fees are not charged when enrollment is less than seven weeks in a semester, or if the entire semester is taken outside of Jefferson County.
Application Fees: All US citizens and Green Card holders are asked to submit, along with the online admissions application, a nonrefundable application processing fee of $25. International applicants are asked to submit a nonrefundable application processing fee of $50. Payment may be made by credit card or a bank draft.
Tuition Deposit: A nonrefundable deposit of $100 is required for prospective students at the time of confirmation of enrollment at Maharishi University of Management. This deposit may be applied to a student’s Security Deposit at registration.
Security Deposit: Each student in attendance pays a security deposit of $100 at the first registration, which is transferred from one semester to the next and is used to cover any damages or unpaid fines. This deposit is refunded at the end of enrollment less any unpaid charges if, for on-campus students, the Housing Departure Form is submitted within 72 hours of the last day of class.
International Students Health Insurance: International students are charged an estimated $930 per semester for six months of required health insurance unless otherwise insured (proof of other insurance required within two weeks of initial semester registration). Health insurance is not prorated for partial enrollment, except for three-month increments (approximately $465) as long as no claims have been incurred. Insurance amounts listed on the Financial Aid Award Letter are estimated until the rates are finalized with the insurance provider.
Transcendental Meditation* Program Tuition: Undergraduate students and US graduate students will receive a scholarship from the David Lynch Foundation covering the tuition of the University’s Transcendental Meditation course. International graduate students will receive a loan for the $625 Transcendental Meditation course tuition. Prospective students who receive instruction in the Transcendental Meditation technique before enrollment, as part of their admissions process, may be eligible for a reimbursement of the cost of the instruction after they enroll at the University, from the David Lynch Foundation, through Admissions.
TM-Sidhi* Course: Students may receive four academic credits from MUM for the TM-Sidhi course taught by the Maharishi Foundation in coordination with MUM through a contractual agreement. The David Lynch Foundation has announced a scholarship to reduce the cost of the course from $2,500 to $1,250 for Maharishi University of Management students. An additional scholarship of $750, reducing the tuition to $500, is also available to students who meet specific criteria specified by the Maharishi Foundation. There is an additional cost of $950 for the final two weeks in residence.
COST OF BOOKS, SUPPLIES, AND EQUIPMENT
For most programs, the costs for books, supplies, and equipment are estimated to be $1,200 per academic year with certain exceptions. Some of these are:
Art and Communications Majors $1,600 per academic year
Nonstandard Programs $ 300–$400 per academic year
Semester payment is due by August 1 for fall semester and by January 1 for spring semester. Payment may also be made in four installments per semester for an additional $30 per semester. www.mum.edu/pay
Payment may be made by Visa, MasterCard, Discover, e-check from domestic accounts and peer-Transfer from foreign accounts. Go to www.mum.edu/pay
OTHER POINTS REGARDING CHARGES
Students with a remaining balance due to the University should pay it before leaving the University. In case students are requested to withdraw from the University because of poor academic standing or disciplinary reasons, reductions in charges are the same as for other withdrawals from the University. An appeals process for review of specific situations is available by filing a Financial Review Board petition form, available at the Enrollment Center.
STUDY ABROAD AND COURSES TAKEN AWAY FROM FAIRFIELD
U.S. Students in standard programs eligible for federal aid will be assisted in obtaining federal aid to attend eligible study-abroad programs. Only $500 of University tuition will be charged when the other institution grants academic credit via approved transcript. University tuition (see first page) is charged for any other course taken away from Fairfield, including Internships, Fieldwork, Thesis, Projects, MVS Special Studies, and other studies, even when the source of coursework is not primarily taught by University faculty.
CONTINUING EDUCATION / SPECIAL STUDENTS
Special students who are not seeking a degree may take up to eight credits a semester, upon application approval, at the rate of $400 per credit , with housing and meals for $210 per week (financial aid, including scholarship will not be available). A student who withdraws after the first day of the course will be charged a minimum 50% of the course fee, and after 25% of the course, there is no refund.
INFORMATION FOR RECIPIENTS OF GRANTS
In the event that available state funds are insufficient to pay the full amount of each approved Iowa Tuition Grant, the Iowa College Student Aid Commission has the authority to administratively reduce the award. State awards may include Federal LEAP/GAP funds.
The University reserves the right to increase or decrease University Scholarship at any time, for any reason, for any individual. Such a change in scholarship level (up or down) may be reviewed by petition from the student.
Maharishi University of Management and its educational programs, and benefits are available to all people without distinction as to sex, age, race, religion, color, national or ethnic origin, handicap, veteran’s status, or sexual orientation. Institutions of higher education are required by law (Title VI and Title VII of the Civil Rights Act of 1963, Title IX of the Education Amendments of 1972, and the Americans with Dissabilities Act of 1973, and the Americans with Disabilities Act of 1990) to provide this broad access to their educational programs and to serve society in a way that treats, with equal dignity, the diversity of individuals and groups which comprise our society. Inquiries concerning Title IX, Section 504, and the Americans with Dissabilities Act should be directed to the General Counselor’s Office, Maharishi University of Management, Fairfield, Iowa, 52557, (641) 472-1175.
In compliance with Iowa Code Annotated Title VII 3 261B, please see www.mum.edu
for course titles, descriptions, academic policies, credit earned and degrees, as well as accreditation information, in combination with the charges and refund policies herein. Maharishi University of Management reserves the right to change, without prior notice, its charges and policies.
Information in this document is in accord with federal regulations as of june 10, 2013.