Tuition and Fees

Master of Business Administration (MBA)

Tuition and fees are listed in U.S. dollars (USD).

* Required books and materials may be purchased through the student’s preferred third-party bookseller. RCU does not provide books and materials to students or operate a bookstore.

Payment Schedule:

• Tuition is due upon enrollment. Students may pay in full via credit card or Wise.
• Alternatively, the student may arrange an installment payment plan with RCU.
• Charges indicated in the Enrollment Agreement Annex 1 Schedule of Fees are due per the specified terms.

Payment Schedule

* The total tuition fee for the program is USD 540.

Truth in Lending Act (TILA)

RCU is not a Private Education Lender and complies with all Truth in Lending Act (TILA) Regulation Z disclosures.

No interest rate or fees are charged for entering into the course-by-course tuition payment plan. There are no prepayment penalties for making early payments or for paying off the balance of a payment plan before its due date.

Cancellation and Refund Policy

1. Students may cancel their enrollment at RCU at any time. A student’s notification of cancellation may be conveyed to the institution by submitting a Withdrawal Request Form.
2. A student has five (5) calendar days after signing an enrollment agreement or similar contractual document to cancel enrollment and receive a full refund of all monies paid to the institution
3. A student requesting cancellation more than five (5) calendar days after signing an enrollment agreement, but before beginning a course or program, is entitled to a refund of all monies paid.

Tuition will be refunded per the table below. Tuition for courses that have not been started will be refunded in full. There is no tuition refund for courses and/or terms that have been completed.

Any refund due to a student will be paid in full within 30 days.

Refund Calculation Example

Scenario 1

The refund amount for a student (who pays for the first installment of $135 and withdraws from all courses of the MBA program during the 3rd week of the term) the calculation considers both the general installment and the tuition fees for the two courses. In this scenario, the student is eligible for a 40% refund of the $108 tuition fee (representing the cost of the two courses). In addition to this, the student will receive a balance from the initial $135 payment after the applicable portion of the tuition fee has been deducted. In this situation, the following calculation will apply:

Scenario 2

The refund amount for a student (who pays the full tuition fee of $540 and withdraws from all courses of the MBA program during the 3rd week of the term, the student would be eligible to receive a 40% refund of the term’s tuition and a full refund of the tuition for the 2nd to 5th term (final term). In this situation, the following calculation will apply:

Refunds on books and materials are subject to the terms of the retailer from which they were purchased (ex: Amazon). The student refund amount is applied to any balance on the student’s account. Any and all money due to the student is refunded to the student within 30 days after the withdrawal.