OCU University | Refunds

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Refunds

By enrolling at OCU University, students agree to the following:

  • That to the extent their educational expenses are not paid by parents, scholarships, employers, or other sources, they are responsible for such payments plus interest.
  • That by enrolling, they are subject to applicable charges and/or fees and that these charges and/or fees constitute a legal debt unpaid or otherwise settled. Any balance due is a student loan and will be considered non-dischargeable under the federal and state laws governing bankruptcy.
  • That any additional cost or legal fees, including but not limited to reasonable attorney’s fees, incurred by OCU University, its successors and/or assigns, in collecting the amounts due shall be added to the amount the student owes and will bear the same rate of interest as the principle amount.
  • That if they drop or withdraw from some or all of the classes for which they register, they will be responsible for paying all of the tuition and fees in accordance with the published tuition refund schedule at OCU University.

They also specifically acknowledge the following:

  • I have read the terms and conditions of the published tuition refund schedule and understand those terms are incorporated herein by reference. I further understand that my failure to attend class or receive a bill does not absolve me of my financial responsibility, as described above.
  • I authorize OCU University and/or its agents, including attorneys and/or collection agencies, to contact the student via cellular telephone and/or electronic technology to collect any outstanding debt, unless the student notifies the university or its agents in writing to cease such communication.

Tuition Adjustments

Each term has a published first day of class as outlined in the academic calendar. A 100 percent tuition adjustment is made at varying time periods beginning with the published first day of class. After these periods, there will be no further adjustments:

Fall and spring semesters—up to and including the Friday after ten semester class days.

Summer and accelerated cycles—up to and including the first Thursday of the term.

Approximately the third week of class each semester, if the student’s account is paid in full, any excess personal, state, private, or federal financial aid awarded will be refunded to the student. The charges to be paid include, but are not limited to, tuition, fees, room and board, and traffic fines. If aid includes proceeds from Parent PLUS loans, any excess funds MUST be returned to the parent unless otherwise indicated on the application. Only then can the refund go to the student. OCU University processes refunds by direct deposit. Contact the Student Accounts Office for details.

Additional Information related to specific questions can be obtained from the Registrar’s Office.

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