MUSC Bulletin | General Information
Tuition and Fees
Academic charges are established by the Board of Trustees. Circumstances beyond the control of the University may require adjustment of these published charges without notice. The Schedule of Academic Charges is published annually and is available in June. The schedule is posted on the University website. It is also available from the Office of Enrollment Management. All fees are payable in advance of or at registration. Payment applies only to the semester of registration and will not be credited to another semester except in the case of students granted military leave. Registration is complete when all charges are paid. Persons over the age of 60 who are residents of South Carolina and who meet all other provisions of Act 263, Section 59-111-320, are eligible to attend classes without paying tuition.
The application for admission fee is payable when the application is filed; the matriculation fee is payable at the time the applicant accepts in writing the university’s offer of admission. (Note: this fee partially covers the cost of graduation and the cost of enrollment-related services.)
Estimate of Expenses
Information on estimated costs of attendance for students enrolled at the Medical University is available at http://academicdepartments.musc.edu/em/financialmanagement/budgets.html.
Obligation for Payment
Failure to make timely payments to remove any indebtedness to the University when due is considered sufficient cause to withhold diploma or transcripts, to suspend all University services, including enrollment, and to assign the student’s account to a collection agency. The University reserves the right to assess interest, finance charges, and/or late fees on any indebtedness and all attorney’s fees, collection agent cost, and other related cost and charges for the collection of any amount not paid when due.
It is the policy of MUSC that a student’s tuition account will be assessed an insufficient funds (NSF) fee for returned checks. The student will be sent a letter by Student Accounting explaining this situation to the current local address as recorded in the Office of Enrollment Services. Should this situation cause tuition and fees to be unpaid after the first day of the registration period, a late fee (see late fee policy) will apply. Additionally, the Student Accounting Office will place a tuition hold on the student’s account until all tuition and fees are paid.
Penalty will not be levied against financial aid recipients if the student can show that he/she was not responsible for the delay in the award. The unpaid balance will, however, be subject to an interest charge of ten percent per annum.
Methods of Payment
Payment must be made for the full amount due directly to Medical University of South Carolina by cash, check, or Master-Card/VISA before the beginning of each semester. Students needing deferments based on financial aid must contact the Student Accounts Receivable office.
Statements of student accounts are made available well in advance of each registration period (July for Fall and December for Spring). Students may view and print their bills online at http://webadvisor.musc.edu.
For authorized withdrawals and changes in schedules, cancellation of semester academic charges will be made in accordance with the schedule that follows. Applications for withdrawal from the University or for a change of class schedule are available from Enrollment Services and must be presented to the dean of the college in which the student is enrolled. The date of the withdrawal granted by the dean will be the controlling factor in determining the amount of refund. Authorization to withdraw and certification for work done will not be given to a student who does not have a clear financial record.
|1. Complete withdrawal from the University:|
|Fall and Spring Semesters|
|WD dated on the first day||100%|
|WD dated in the first week||90%|
|WD dated in the second or third week||75%|
|WD dated in the fourth week||50%|
|WD dated after the end of the fourth week||NONE|
|WD dated the first day||100%|
|WD dated in the first week||75%|
|WD dated after the end of the first week||NONE|
Students receiving financial aid who are withdrawing on or before the 60% point of their first university enrollment period will have their refund of tuition/fees prorated based on the length of their attendance prior to withdrawal.
2. For a change in student status from full-time to part-time, the above schedule applies to the difference in charges between the original program and the adjusted program, according to the date(s) of the adjustment(s).
3. For the part-time student whose program changes are not initiated by the University, any refund for dropped credit hours is calculated based on the refund schedule shown above, according to the date(s) of the adjustment(s). Any charges for added credit-hours are equal to the amount shown on the Schedule of Academic Charges.
4. In all cases, the amount refunded or charged is calculated using the credit hour charge for the appropriate college.
5. All laboratory fees, the library fee, and the informatics fee are non-refundable.
6. The refund policy for students in evening or extension programs will conform to the drop/add policy approved for those programs.
7. A student enrolled in a full-time program who drops or adds a course and continues to be in a full-time program will have no financial adjustments of academic charges.
8. A student called to active duty may be granted military leave for the period of active duty upon presenting his/her dean with a copy of his/her orders and a petition for a military leave. The maintenance of continuous registration is not required of a student on military leave. He/she may apply for readmission to the University well in advance of the semester in which he/she expects to return.
A student granted military leave before completing the semester will receive credits for current charges in accordance with the schedule for complete withdrawal from the University (see number 1). Payments made in excess of the nonrefundable balance will be refunded to the student. The nonrefundable balance will be maintained as deferred credit for use by the student when he/she returns to the University. The deferred credit will be held for one year following the student’s discharge date from the military.
Return of Title IV Funds for Financial Aid Recipients
Return of Title IV Funds policy for financial aid recipients is consistent with requirements specified by federal guidelines and regulations. The following policy outlines how the return of Title IV financial aid monies will be assessed for students who completely withdraw from classes.
Terms used in the Return of Title IV Funds policies:
Return of funds by school – The amount of institutional charges that must be returned to the Title IV Student Financial Aid Programs for a student who withdraws completely within the first 60% of the term.
Return of funds by the student – The amount of Title IV Student Financial Aid funds thatthe student must pay back.
Title IV funds – The following aid sources are federal monies which are governed by Title IV, U.S. Department of Education regulations: Federal Pell Grants, Federal Supplemental Opportunity Grants (SEOG), Federal Perkins Loans, Federal Stafford Loans (both subsidized and unsubsidized), and Federal PLUS Loans.
Non-Title IV funds – The following aid sources are monies which are not funded through the Department of Education: Federal Title VII funds, Department of Health and Human Services (Disadvantaged Health Professions Scholarships, Exceptional Financial Need Scholarships, Health Professions Loans, Loans for Disadvantaged Stu-dents, Nursing Loans, and Primary Care Loans), Graduate Incentive Fellowships, other diversity grants, donor loans, and donor scholarships.
Note: After the appropriate Title IV Student Financial Aid Programs amounts have been returned to the corresponding accounts, non-Title IV funds will be returned proportionately to the remaining accounts according to the priority listed above. Loan funds administered by the federal Department of Health and Human Services will be excluded from other calculations since students already owe these funds and monies disbursed to the student will be added to the total outstanding balance(s) of the student’s loan(s). Non-federal loan repayments will be determined by the policies of individual lenders.
Unpaid charges – Any institutional costs that have not been paid ( i.e., unpaid charges) by a student receiving federal aid will be the responsibility of the student.
Withdrawal date – The student’s withdrawal date is the earlier date the student began the school’s withdrawal process or date the student otherwise provided “official” notice; or if the student didn’t notify the school, midpoint in period; or if student didn’t notify due to circumstance beyond student’s control, date related to that circumstance; or if student didn’t return from approved leave of absence, date student began leave; or date of student’s last attendance at documented academically-related activity.
Note: An approved leave of absence (of no more that 60 days is not considered a complete withdrawal and is not subject to the Return of Title IV Funds policy. However, if a student’s leave of absence is not approved or if the student fails to return to school at the end of an approved leave of absence (or within 60 days from the time the leave of absence began), the student is considered to have withdrawn and the return of funds requirements apply.
It is the responsibility of the student to withdraw officially from classes and he/she may do so by contacting the Dean’s Office in the appropriate College or the Office of Enrollment Services. Students are encouraged to meet with their financial aid counselor prior to, or after making the decision to withdraw from school. The official office to notice of a complete withdrawal from the university is the Office of Enrollment Management.
Return of Funds Procedure
The return of Title IV funds for a student who is receiving federal financial aid funds and withdraws completely within the first 60% of the term will be calculated accordingly:
- The student’s Title IV aid amount will be determined;
- Percentage of Title IV aid earned by the student will be calculated;
- Amount of Title IV aid earned by the student will be assessed;
- Determination will be made if the student is due a post-withdrawal disbursement or if the Title IV aid must be returned to the appropriate account;
- Amount of unearned Title IV aid the school has credited to the student’s account will be calculated;
- Unearned Title IV funds held by the school will be returned by the school to the appropriate funding accounts;
- Initial amount of unearned funds received by the student will be determined;
- Student will return unearned portion of funds to be returned to program funds by the school and/or lender.
The amount of the Title IV Student Financial Aid Program funds returned will be determined by the federal regulations governing the return.
Failure to repay Title IV funds for which the student is ineligible will result in the loss of eligibility to receive any additional Title IV funds at the Medical University as well as any other college or university.
Non-Title IV aid will be reviewed for return of funds after the Return of Title IV funds policy has been followed. Return of Title VII grant and scholarship funds will be calculated and will receive the next highest priority for redistribution of funds back to the accounts. Return of non-Title IV funds will be made proportionately to the amounts awarded for the term.
Distribution Policy for Return of Funds
The return of funds from the Title IV and non-Title IV accounts will be paid back to the programs as outlined below. Once the amount of Return of Title IV funds is determined, funds will be returned to the Title IV programs in the following order as prescribed by federal law:
- Unsubsidized FFEL/Federal Stafford Loan*;
- Subsidized FFEL/Federal Stafford Loan*;
- Federal Perkins Loan;
- FFEL/Direct PLUS*;
- Federal Pell Grant;
- Federal SEOG;
- Other Student Financial Aid Programs administered by the Department of Education;
- Other federal, state, private, or institutional sources of aid (with federal Health and Human Services funds receiving priority).
*Loan amounts are returned by the student in accordance with the terms of the promissory note. No further action is required other than the school notification to the holder of the loan of the student’s withdrawal date.
Non-Title IV return of fund monies will be paid back proportionally to program funds from which the monies came based on the appropriate scholarship, grant and/or loan guidelines up to the maximum of the amount awarded for the term in which the student withdrew.
Students interested in obtaining additional information concerning the actual calculations used in the University’s Refund Policy and the Return of Title IV funds policy should contact the MUSC Office of Financial Aid Services. Examples of how the Return of Title IV funds calculations are determined will also beprovided upon request.
|Last updated:||September 25, 2012 3:26 PM|