UNIVERSITY OF
MANAGEMENT / 2012–2013
University Charges
Per Semester
for the Academic Year
The charges listed below are before financial aid is awarded.
TUITION CHARGES PER SEMESTER FOR NORMAL STANDARD PROGRAMS
For normal 18 credit semesters as displayed on academic calender
Standard Program Full Time (12 to18) $13,000
Standard Program ¾ Time (11 credits) $ 9,750
Standard Program ½ Time (6 to 10 credits) $ 6,500
Standard Program ¼ Time (2 to 5 credits) $ 3,250
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. Ph.D. Candidates pay 50% tuition; Ph.D. Researchers pay 25% of tuition. PhD Researchers are always full time.
HOUSING AND MEAL CHARGES PER SEMESTER
For normal 18 week semesters as displayed on academic calender
FullSingleMSV
MealsRoomHousing
Twelve or more weeks in a semester $2,000 $1,700 $750 additional
Six to eleven weeks in a semester $1,000 $ 850 $300 additional
Two to five weeks in a semester $ 500 $ 425 $150 additional
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 (see page 3).
CHARGES FOR SUMMER AND WINTER BREAK ENROLLMENT
For any week which falls outside the normal 18 week semesters displayed on the acadmic calender
Tuition $ 350 per credit
Housing and Meals$ 700 per month or $ 200 per week
Courses taken during Winter or Summer break are intersession credits added onto fall semester if between January 1 and June 30; added onto spring semester if between July 1 and December 31. Intersession credits count toward the enrollment status of that semester. For 2012 summer, Undergraduates will have tuition waived for a maximum of six Internship credits or a one month course, if the spring semester enrollment is full time, but Undergraduates must pay for housing and meals if on campus. All summer and winter break charges are waived for graduate students.
TUITION CHARGES PER SEMESTER FOR NONSTANDARD PROGRAMS
Master’s in Business Administration $3,600
Master’s in Maharishi Vedic ScienceSM $2,000
Per credit charge when there are less than 10 Nonstandard units in a semester $ 350
Nonstandard Programs are evening/weekend and one course at a time distance education schedules. Full-time definition is six credits for graduate Nonstandard Programs, not including DC credits.
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.
OTHER CHARGES
Student Fees: AStudent Activities fee of $60, a Student Athletic Facilities fee of $40, and a technology fee of $115 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 applicationprocessing 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 $600 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 $300) 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 Trancendental 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 Foudation, through Admissions.
TM-Sidhi Course: Students may receive four academic credits from MUM for the TM-Sidhi course taught by Maharishi Foundation in coordination with MUM through a contractual agreement.The David Lynch Foundationhas 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 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 $1200 per academic year with certain exceptions. Some of these are: Art and Communications Majors $1,600 per academic year
Nonstandard Programs $300–$400 peracademic year
PAYMENT PLAN
Students may pay their charges for the semester in one of two ways:
1.Full payment on or before registration (Fall: August; Spring: January)
2.Payments may be made in four (4) equal installments per semester with a $10 service charge per installment. The first installment is due at registration with the three additional installments due on the first day of each successive month (Fall: Oct. 1, Nov. 1, Dec. 1; Spring: Mar. 1, Apr. 1, May 1). There is a fee of $50 for late payment of installments. Students are responsible for payment by due date whether or not a reminder notice is received.
PAYMENT PROCEDURE
Visa and MasterCard payments may be made at . Checks are payable to Maharishi University of Management. Only checks drawn on U.S. banks using U.S. currency will be accepted. Please do not send cash. Wire transfers to a student’s account can also be arranged; the University Student Accounts Office at (641) 472-7000, ext. 1341 can provide details. When making payments, the following information must be included: the name and student I.D. number[1] of the student for whom the payment is made. Payments should be mailed to: Student Accounts Office, Maharishi University of Management, Fairfield, IA 52557.
REDUCTION IN CHARGES FOR REDUCED ENROLLMENT
Students who change their enrollment by dropping future courses, before the course starts, charges are reduced (according to itemizations on the first page). When charges may be reduced, financial aid is also reduced.
Standard Program example:
Full Time (12 or more credits); Half Time (6 to 10 credits); ¼ Time (2 to 5 credits) Examples:
Full-Time Standard Tuition, Housing, Meals, Fees$16,915 (more than 11 credits per semester)
Half-Time Standard Tuition, Housing, Meals, Fees$ 8,565 (less than 11 credits per semester)
Nonstandard Program charges may be recalculated at $350 per credit if enrollment is less than 10 credits
Professionals Program charges may be adjusted according to the program agreement.
REDUCTIONS IN CHARGES DUE TO 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.
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 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 could result in a payment due by the student to the University. Example:
$13,215 Tuition, Fees for one semester, original semester registration, off campus student
-2,798 Federal Grants
-3,923 Federal Student Loans
-7,850 Institutional Scholarship
$ 1,356 Projected Semester Cash Refund for Living Expenses
This student received $1,356 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 28th day of the semester where the enrollment period is 118 days, having attended 24% in time. The charges and aid are reduced and recalculated as follows:
$3,172 Tuition and Fees (24% of original $13,215 charge)
-1,613 Federal Aid, all Pell Grant, no loans (24% of original federal aid, grants first, then loans)
-1,884 Institutional Scholarship (24% of original $7,850 scholarship)
$ 325 New Semester Refund Eligibility
The student already recieved $1,356 thus must return $1031 cash to the University. The University will not release a transcript until this balance due has been paid.
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 semeter, upon application approval, at the rate of $350 per credit, with housing and meals at the rate of $200 per week, or $700 per month (financial aid, including scholarship will not be available). Some courses have a higher tuition rate, such as Science of Creative Intelligence ($2,000), and MVS100 (TM Technique $625). 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.
UNIVERSITY SCHOLARSHIP
University Scholarship Review Board 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 to Scholarship Review Board (forms are available at the Enrollment Center).
IMPORTANT NOTICE
In compliance with Iowa Code Annotated Title VII 3 261B, please see 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 January 31, 2011.
NONDISCRIMINATION
Maharishi University of Management does not discriminate on the basis of gender, age, race, religion, color, disability, veteran’s status, sexual orientation,or national or ethnic origin.
Enrollment Center: Offices of Student Accounts, Registrar, and Financial AidMaharishi University of Management Fairfield, Iowa 52557 641-472-7000
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[1]New USA students please use your Social Security Number. New International students please ask your Admissions Representative for your Student I.D. number. If you are a continuing student, please look on your student badge.