Tuition and Fees

Master of Business Administration (MBA)

All costs are listed in US Dollars.

	Amount (USD)
Tuition (per 3 credit hour course) Includes library and proctoring fees	$825/course
Books and Materials Fees* (Estimated)	$50-$100/course
Total Projected Cost of Program (with Books & Materials)	$8,750 – $9,250
Total due to RCU	$8,250 (Maximum)

*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.

  • Payment plans are a separate contract executed by RCU and the Student.

  • Charges posted to the student’s account are due per the specified terms.

  • Payments more than 60 days past due will be sent to collections.

Collections

Charges posted to the student’s account are due per the specified terms. Payments more than 60 days past due will be sent to collections.

Truth in Lending Act (TILA)

Robert Cavelier University complies with all Truth in Lending Act (TILA) Regulation Z disclosures. No interest or fees are charged for entering into the course-by-course 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 Robert Cavelier University at any time. A student’s notification of cancellation may be conveyed to the institution in any manner.

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.

Upon cancellation, a student whose costs for education are paid in full, but not eligible for a refund, is entitled to receive all materials including kits and equipment.

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.

 

Length of Term	Tuition Refund Amount
8 Weeks	1st Week	80%
	2nd Week	60%
	3rd Week	40%
	4th Week	20%
	5th Week	0%

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

Refund Calculation Example

The refund amount for a student who withdraws from the fourth (4^th) course of the MBA program during the 3^rd week of training would be calculated as follows:

RCU Retains:

 

Tuition for completed courses:	$2,475 (3 courses x $825)
Portion of tuition for current course:	$330 ($825 x 40% = $330)
Total Retained by RCU:	$2,805

 

Student Refund Amount:

Portion of tuition for current course:	$495 ($825 x 60% = $495)
Tuition for courses not started:	$4,950 (6 courses x $825 = $4,950)
Total Refund Amount:	$5,445

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.