Books & DVDs | Current Students | Faculty & Staff | Giving | Alumni | MUM-Beijing

Maharishi University of Management

Degree programs in the arts, sciences, business, and humanities

University Charges, 2011–12

Reduction in Charges and Financial Aid

For students who change their enrollment by dropping future courses, before the course starts, charges are reduced. When charges are reduced, financial aid is also reduced.

  • Standard Program charges are according to enrollment status:
  • Nonstandard Program charges may be recalculated at $350 per credit if enrollment is less than 10 credits
  • Housing and meals charges are also adjusted according to weeks attended

Semester withdrawal

  • The semester charges (tuition, fees, housing and meals) are reduced or recalculated (financial aid is also reduced) in proportion to the time attended, under these conditions:
  • A student ceases to attend a course before completing that course, and there is no written confirmation of the student's intent to attend an additional course that semester. Or a student fails to begin attendance in a course for which the student registered where there was no prior notification about changing the semester enrollment.
  • The last date of attendance is the official withdrawal date. The last date of attendance must be documented by the University from its own records of any academic attendance (a student's statement of last date of attendance is not sufficient). The professor may sign a Course Withdrawal Form specifying the last date of class attendance.
  • The percentage of time attended is defined as the number of calendar days in that student's semester enrollment (not counting any time of more than five consecutive days during which the student was not scheduled to take any courses) divided by the number of calendar days from the start of the semester to the official date of withdrawal. The semester charges are recalculated to be the percentage of time attended multiplied by the original semester charges. After 60% there is no reduction.
  • If there is written confirmation of the intent to take additional courses that semester, at the time of withdrawal from a course, there is no reduction in charges. If the student does not return for the additional course, the charges are reduced according to the withdrawal date of the earlier partially attended course. If a student returns and withdraws from the future course, the withdrawal date is the date from that future course.

University withdrawal

University scholarship, University loan, and state grants are reduced or recalculated by using the same percentage attended that was used above, multiplied by the original aid. In addition, federal law requires that the University and the student return federal student aid which has been “unearned” in the following order:

  • Stafford loans first, unsubsidized, then subsidized;
  • Perkins loans next;
  • Federal grants last: Pell first, then FSEOG

The return of federal student aid to the U.S. Government by the University means that in many cases this will result in a payment due by the student to the University.

Example: University withdrawal for student with U.S. Government aid

This student received $1,364 of the cash refund after the third week of class attendance and then ceased attending after the fourth week of class attendance.

The official withdrawal date is the last date of attendance, the 35th day of the semester where the enrollment period is 123 days, having attended 28.5% in time. The charges and aid are reduced and recalculated as follows:

The content of this page was reviewed in July 2011.

back to top

The University is accredited by The Higher Learning Commission • www.ncahlc.org
Maharishi University of Management • Fairfield, Iowa 52557 • (641) 472-7000
Office of Admissions: (800) 369-6480 or (641) 472-1110
Copyright and Service Mark Notice • Consumer Information • Contact the webmaster