Financial Policies

Payment Policies

Failure to make payments of tuition and other fees, or other amounts when they are due, is considered sufficient cause to place a student on non-academic discipline. This status causes the University to do one or more of the following:

1. Bar the student from attending classes, taking examinations, or registering for the following quarter.
2. Withhold a diploma, scholastic certificate, transcript of record, or grades for the quarter.
3. Suspend the student.

PSU reserves the right to withhold any and all services if petitioner is not in good financial standing with the University.



Deferment of Tuition

Application for deferment of payment will be considered on the basis of financial need and assurance of ability to make the payments as required. No tuition is to be deferred for students enrolled for less than four (4) units.



Finance Charge

Finance charge for those students who are not paying their tuition in full. We encourage all students to pay tuition and fees in full and promptly. For those who may find this difficult, PSU will follow the steps outlined below. If students fall behind in their payments, faculty will be notified not to admit students to class or to let them participate in class activities which include test taking.

Payment Method Balance Due
Second Month of the quarter

(finance charge will be applied on the first day of the second month)

Third Month of the quarter

(finance charge will be applied on the first day of the third month)

Beginning Month of the next quarter

(finance charge will be applied on the first day of the following quarter)

Payment in Full N/A N/A N/A N/A
Installment

(A minimum 1/3 of total amount when register)

$1 – $1,999 $50 $50 $100
$2,000 or above $100 $100 $100
Method Month Finance Charge (if the balance due is between $1 – $1,999 Finance Charge (if the balance due is above $2,000)
Payment in full N/A N/A N/A
Installment (a minimum 1/3 of total amount) First month of the quarter N/A N/A
Installment (a minimum 1/3 of total amount) Second month of the quarter (finance charge will be applied on the first day of the second month) $50 $100
Installment (remaining balance) Third month of the quarter (finance charge will be applied on the first day of the third month) $50 $100
(if balance due) Beginning month of the next quarter (finance charge will be applied on the first day of the following quarter) $100 $100

Note : If a student adds a new course, he/she is obligated to pay the amount in full including the course material fee.

Penalties

Description Fee (US$)
Change-of-Course Fee (Add / Drop, After 1st week of the quarter) $10
Change-of-Program Fee $100
Late Registration Fee $100
Returned Check Fee $30

Overpayment Policy

Pacific States University is not a financial institution. Payments directed to Pacific States University should be rendered for the amount due based upon University tuition only, or the expected amount of tuition. Payments for other personal living expenses should be directed to student personal bank account (not to the University).

Please note that payments received in excess of the amount billed will either be placed on deposit for upcoming quarters, or the payment will be returned to the sender. (In the case of wire transfers, the wire transfer will be reversed to return funds back to the originating account and it will also include the bank charge fee).



Student’s Right to Cancel

You have the right to cancel the enrollment agreement for a program of instruction, without any penalty or obligations, and obtain a refund of charges paid, through attendance at the first class session or the seventh calendar day after enrollment, whichever is later. After the end of the cancellation period, you also have the right to stop school at any time; and you have the right to receive a pro rata refund if you have completed 60 percent or less of the scheduled days in the current payment period in your program through the last day of attendance.  

Cancellation may occur when the student provides a written notice of cancellation addressed to the PSU Registrar at 3424 Wilshire Blvd., Suite 1200, Los Angeles, CA 90010.  This can be done by mail or by hand delivery. The written notice of cancellation, if sent by mail, is effective when deposited in the mail properly addressed with proper postage. The written notice of cancellation need not take any particular form and, however expressed, it is effective if it shows that the student no longer wishes to be bound by the Enrollment Agreement. 

If the Enrollment Agreement is cancelled the school will refund the student any money he/she paid, less a cancellation processing fee not to exceed $150.00, and less any deduction for equipment not returned in good condition, within 30 days after the notice of cancellation is received.



Withdrawal From the Program and Tuition Refund Policy

You may withdraw from PSU at any time after the cancellation period (described above).  PSU’S refund policy has been established so that the student who withdraws from their program shares in the cost incurred.  The refund will not include any institutional non-refundable charges.  The cost of any equipment not returned in good condition will be deducted from any refund.  PSU does not charge an additional administrative processing fee upon withdrawal. No refund is possible or is limited if the student has a balance due!  Refunds will be processed within thirty (30) working days from the date of determination.

For the purpose of determining a refund under this section and establishing a date of determination, a student shall be deemed to have withdrawn from a program of instruction when any of the following occurs:

  • The student notifies the institution of the student’s withdrawal or as of the date of the student’s withdrawal, whichever is later.
  • The institution terminates the student’s enrollment for failure to maintain satisfactory progress; failure to abide by the rules and regulations of the institution; absences in excess of maximum set forth by the institution; and/or failure to meet financial obligations to the School.
  • The student has failed to attend class for three (3) consecutive weeks.
  • The student fails to return from a leave of absence.

For the purpose of determining the amount of the refund, the date of the student’s withdrawal shall be deemed the last date of recorded attendance.   The amount owed equals the daily charge for the program (total institutional charge, divided by the number of days in the program), multiplied by the number of days scheduled to attend, prior to withdrawal.  All amounts paid by the student in excess of what is owed as calculated shall be refunded. If the student has completed more than 60% of the period of attendance for which the student was charged, the tuition is considered earned and the student will receive no refund.

If any portion of the tuition was paid from the proceeds of a loan or third party, the refund shall be sent to the lender, third party or, if appropriate, to the state or federal agency that guaranteed or reinsured the loan.  Any amount of the refund in excess of the unpaid balance of the loan shall be first used to repay any student financial aid programs from which the student received benefits, in proportion to the amount of the benefits received, and any remaining amount shall be paid to the student.    If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds.



Student Tuition Recovery Fund (STRF) Policy

The Student Tuition Recovery Fund (STRF) Policy was established by the California Legislature to protect any California resident who attends a private postsecondary institution from losing money if the student has prepaid tuition and suffered a financial loss as a result of the school’s closing, failure to live up to its enrollment agreement, or refusal to pay a court judgment.

To be eligible for STRF reimbursement, the student must be a “California resident” and reside in California at the time the enrollment agreement is signed or when the student receives lessons at a California mailing address from an approved institution offering correspondence instruction. Students who are temporarily residing in California for the sole purpose of pursuing an education, specifically those who hold student visas, are not considered California residents.

To qualify for STRF reimbursement, the student must file an STRF application within one (1) year of receiving notice from the Department of Consumer Affairs (DCA) that the school is closed. If the student does not receive notice from DCA, the student has four (4) years from the date of closure to file an STRF application. If a judgment is obtained, the student must file an STRF application within two (2) years of the final judgment.
It is important that students keep copies of the enrollment form, financial aid papers, receipts, and any other information that documents the amounts paid to the school. Questions regarding the STRF Policy may be directed to the Department of Consumer Affairs (DCA), 1625 North Market Boulevard, Suite S-308, Sacramento, CA 95834, (916) 574-8200.