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Maharishi University of Management

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University Charges

Reduction in Charges for Withdrawal from Courses

There is no reduction in tuition for any course after a student begins attending that course. If a student attends more than one course (a forest or a block) in the semester, and is changing the semester registration by withdrawing from unattended courses (according to itemization below), then charges may be reduced (requires change in registration, charges, and financial aid). Change-in-registration fee is $35.

  • Standard Program charges are reduced according to enrollment status changes (see first page). Take, for example, a student who originally registered for 22 units and has charges and aid as a full-time student; withdrawing from 12 units (three blocks) of unattended courses would reduce enrollment status, as well as charges and aid, to the half-time rate.
  • Nonstandard Program charges may be recalculated at $350 per Nonstandard unit if there are less than 10 Nonstandard units remaining in the semester of attended Nonstandard courses (financial aid would be reduced correspondingly).

Reduction of housing and meals charges for students moving off-campus or to Utopia Park during a semester

Students wishing to move off campus or to Utopia Park after they have registered must first obtain approval from the Academic Standards Committee, and then may file a petition with the Finance Review Board requesting a reduction of charges. There is no reduction in semester charges after two months on campus. There is a change-in-registration fee of $35.

Reductions in charges due to withdrawal from the University

Students withdrawing from the University during their first course (a forest or a block) in a semester may have their semester charges (tuition, fees, housing, and meals) reduced or recalculated in proportion to the time attended (see below). Note that when charges are reduced, financial aid is also reduced. After completion of the first course in a semester, a student leaving the University is considered to be changing his/her registration (enrollment status), and not to be withdrawing, according to federal Department of Education policy (see above, “Reduction in Charges for Withdrawal from Courses”).

Official notification of withdrawal from the University requires filling out a “University Departure” form and submitting it to the Enrollment Center. The date the student begins this process is the official withdrawal date, unless the University documents a later date of class attendance. The percentage of time attended is defined as the number of calendar days in the semester (or the period of time for which the student was charged) divided by the number of calendar days from the start of the semester to the official date of withdrawal. The semester charges are reduced or recalculated to be the percentage of time attended multiplied by the original semester charges.

Reduction in financial aid due to 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 U.S. Government financial aid which has been “unearned” (see below). The University must return the lesser of the following amounts:

  • Unattended percent multiplied by the semester federal aid, called “unearned” federal aid
  • Unattended percent multiplied by semester tuition, fees, housing, and meals

The return of federal funds to the U.S. Government by the University means that the student’s financial aid will be reduced. In many cases this will result in a payment due by the student to the University. The University is required to return “unearned” federal aid to the U.S. Government in the following order:

  1. Stafford loans first, unsubsidized, then subsidized;
  2. Perkins loans next;
  3. Federal grants last: Pell first, then FSEOG.

The student also must return any remaining “unearned” federal aid in the above order, except that the student is not required to return more than 50% of federal grants, and federal loans may be repaid under the terms of the loan.

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The University is accredited by The Higher Learning Commission • www.ncacihe.org
Maharishi University of Management • Fairfield, Iowa 52557 • (641) 472-7000
Office of Admissions: (800) 369-6480 or (641) 472-1110
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