Tuition, Fees and Refunds

TUITION AND FEES

Non Refundable Fees Undergraduate Graduate

Application Fee*

$25.00

$50.00

International transcript evaluation fee*

$20.00

$20.00

Student ID Replacement

$15.00

$15.00

School of Undergraduate Studies Tuition Per Quarter Credit

Bachelor in Business Administration

$200.00

Bachelor of Accounting

$200.00

Bachelor of Science (BS) in Information Technology

$200.00

School of Graduate Studies Tuition Per Quarter Credit

Master of Business Administration (MBA)

$300.00

Master of Accounting

$300.00

Master of Science in Information Technology (MSc)

$300.00

Doctor of Business Administration (DBA)

$350.00

Doctor of Philosophy (PhD) in Business Management

$400.00

Doctor of Philosophy (PhD) in Information Technology

$400.00

Doctor of Education in Educational Leadership (Ed.D.)

$350.00

* paid at initial enrollment

Payment of Tuition and Fees

Innovation University of Silicon Valley offers programs that can take several years to complete. These programs have terms of four month or less and are designed to be completed in one term. Innovation University of Silicon Valley charges by the term and requires payment of all tuition and fees by the first day of instruction of each term.

For those programs designed to be longer than one quarter, an institution shall not require more than one term of advance payment of tuition at a time. When 50 percent of the total degree program has been completed, the institution may require full payment

At the studentís option, Innovation University of Silicon Valley may accept payment in full for tuition and fees, for an entire program of study including any funds received through institutional loans, after the student has been accepted and enrolled and the date of the first class session is disclosed on the enrollment agreement

Payment of tuition and fees can be made by paper check, wire transfer, Visa*, and MasterCard*. Payment must be in US currency. Checks and wire transfers must be drawn on a US bank in US currency. Payments are due prior to the start of the Quarter. Payments received will be counted toward studentís current and outstanding tuition and fees. Non-financial aid refunds will only be issued to students whose account does not have a current and outstanding tuition and fee balances.

* There is a 3% service fee for credit cards.

Cancellation and Withdrawal Policies

The term cancellation is defined as wishing to cancel the Enrollment Agreement. The student has the right to cancel the Enrollment Agreement and obtain a refund of charges paid before the first lesion and materials are received. Cancellation is effective on the date written notice of cancellation is sent. I the institution sent the first lesson and materials before an effective cancellation notice was received, the institution shall make a refund within 30 days after the student's return of the materials.

The term withdrawal is defined the studentís desire cancel the Enrollment Agreement to leave the educational program prior to finishing the educational program. This could be for any reason that would prevent the student from continuing the course work at the university. Or, withdrawal from the university due to misconduct or other violations of the universityís policies as determined by the university

Full Refund

The student that wishes to cancel the Enrollment Agreement will receive a refund of all tuition and fees with the exception of the Registration Fee ($150.00). The Registration Fee is non-refundable and is paid at the initial enrollment of the student. Notice of Cancellation may be given as a letter (regular mail), email, or fax. Date of cancellation will be the date of the post office cancellation for regular mail, the date of receipt for email and fax communications. The student has up to and including the receipt of the class materials or first day the course is offered after signing the Enrollment Agreement whichever is comes first to notify the university of cancellation. A full refund will be paid within 30 days after receipt of your notification.

Pro Rata Refund

A student who wishes to withdraw from a program of study after participating in the first day of instruction, or is withdrawn by the university, is entitled to a pro rata refund. The pro rata refund is the tuition you have paid for the course or program you have yet to receive. Notification of withdrawal may be given as a letter (regular mail), email, or fax. Date of withdrawal will be the date of the post office cancellation for regular mail, the date of receipt for email and fax communications. A pro rata refund will be paid within 30 days after receipt of your notification or 30 days after the university notifies you that you are withdrawn.

Example of a Pro-Rata Refund

A pro rata refund will not pay you a refund after you receive 60% of the course or program tuition. As an example, lets say you have enrolled on a three unit accounting course. Your tuition is $110.00 per unit. Total tuition is $330.00. You have completed 45% or the course work as determined by the lesson and work products you have submitted. You have not received 55% of the course so your pro rata refund is $330 times .55 which equals $181.50 refund.

Student Tuition Recovery Fund

(a).A qualifying institution shall include the following statement on both its enrollment agreement for an educational program and its current schedule of student charges:

You must pay the state-imposed assessment for the Student Tuition Recovery Fund (STRF) if all of the following applies to you:

  1. You are a student in an educational program who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and
  2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party.

You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies:

  1. You are not a California resident, or are not enrolled in a residency program, or
  2. Your total charges are paid by a third party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party.

(b) In addition to the statement described under subdivision (a) of this section, a qualifying institution shall include the following statement on its current schedule of student charges:

The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency program attending certain schools regulated by the Bureau for Private Postsecondary and Vocational Education.

You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following:

  1. The school closed before the course of instruction was completed.
  2. The school's failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school.
  3. The school's failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other costs
  4. There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau
  5. An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act.

However, no claim can be paid to any student without a social security number or a taxpayer identification number.

Financial Aid

Innovation University of Silicon Valley does not offer any Federal or State financial aid.

Student Loan

If a student obtains a loan to pay for their educational program, the student will have to repay the full amount of the loan plus interest, less the amount of any refund.

Course Repeat Policy

An undergraduate student may repeat a failed course once. The student will have to pay the tuition and other fees for that course repeat.

For graduate students, there is no repeat of a course due to failure.

For students, both undergraduate and graduate students, that have to repeat a course because of an authorized leave of absence, medical condition or other situation as approved by the school dean.

Scholarships

Innovation University of Silicon Valley does not offer any scholarship programs.