■ 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.

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.

- Withdrawal / Refund Policy

PSU's refund policy has been established so that the student who withdraws from class shares in the cost incurred. Students who register and withdraw before the first class will be refunded the entire tuition minus US$100. In the event that a student does not complete a course, a tuition refund less the non-refundables will be made according to the schedule below.

 

Withdrawal During Quarter Refund*
1st Week of the Quarter
2nd Week of the Quarter
3rd Week of the Quarter
4th Week of the Quarter
5th Week of the Quarter
6th Week of the Quarter
7th Week of the Quarter
After 7th Week of the Quarter
100%
90%
80%
70%
60%
50%
45%
0

* The percentages shown reflect the Department of Consumer Affairs guidelines, which specify a pro rata refund.

PSU refunds tuition for all students, which includes those registered in degree programs and the English as a Second Language Course of Study. The student should inform the Financial Affairs Officer of the intention to withdraw. Any student who misses the first three weeks of classes will be dropped and the appropriate refund will be made.

- No refund will be issued unless the student account has credit balance. Refunds will be made within thirty (30) days of official withdrawal or thirty (30) days of the date of determination of withdrawal if the student does not officially withdraw.

For student-loan recipients, any refund will first be applied to the amounts owed to lenders under federal guidelines. Any remaining balance will be refunded based upon the last day of attendance. Should a refund to a lender result in a balance due to the University, the student will be responsible for payment of the balance due to the University. The student will be notified in writing of any refunds made to a lending institution.

- 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.

- Buyer's Right to Cancel Policy

To cancel the Student Enrollment Agreement, students must submit their requests addressed to the Registrar, Pacific States University, 3450 Wilshire Blvd. 5th Floor #500, Los Angeles, CA 90010. Students may cancel this Agreement and receive a refund based upon the Student's Right to Withdraw and Tuition Refund Policy.

- PSU Student Financial Assistance Program
 
Pacific States University offers financial assistance to entering students based upon the evaluation of the admissions application.  This assistance is applied to the first two quarters of enrollment.  The maximum granted is $2,000 of tuition applied to the first two quarters.  It is within the discretion of Administration to determine the number of requests granted and the amounts of financial aid distributed each quarter.

Criteria Considered:

   1. Full-time Enrollment Status – Undergraduates, 3 Courses; Graduates, 2 Courses;
   2. Grade Point Average;
   3. TOEFL Score;
   4. 2 Letters of Recommendation; and
   5. Student’s Personal Statement: Why studying at PSU will help me meet my future goals.