Tuition and Fees

Tuition and Fees

Master of Business Administration (MBA)

TUITION AND OTHER FEES	AMOUNT (USD)
Tuition Fees for All Courses in the MBA Program	$5,400
Tuition Fee (after 40% Discount)	$3,240
Tuition (per 3 credit hour course)	$324/course

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.
• Payment plans are a separate contract executed by RCU and the student.
• Charges indicated in the Enrollment Agreement Annex 1 Schedule of Fees are due per the specified terms.

Payment Schedule

PAYMENT	DUE DATE	AMOUNT DUE (USD)
1	1st Month	$324
2	2nd Month	$324
3	3rd Month	$324
4	4th Month	$324
5	5th Month	$324
6	6th Month	$324
7	7th Month	$324
8	8th Month	$324
9	9th Month	$324
10	10th Month	$324

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.

LENGTH OF TERM	TUTION 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

Scenario 1

The refund amount for a student who pays for the first term of $648 (2 courses) and withdraws from all courses of the MBA program during the 3rd week of the term would be eligible to receive a 40% refund of the term’s tuition. In this situation, the following calculation will apply:

RCU RETAINS	AMOUNT (USD)
Tuition fee per term (2 courses @ $324 per course)	$648
Portion of tuition refund for the current course (Withdrawal in Week 3 of 8-Week Term)	$129.6 (324 x 0.4 =129.6)
Total Amount Paid for the First Term	$648.00
Total Student Refund Amount for Two (2) Courses	$259
Total Retained by RCU for Two (2) Courses	$388.80

Scenario 2

The refund amount for a student who pays the full tuition fee of $2700 and withdraws from all courses of the MBA program during the 3rd week of the term would be eligible to receive a 40% refund of the term’s tuition and a full refund of the tuition for 2nd to 5th or final term. In this situation, the following calculation will apply:

RCU RETAINS	AMOUNT (USD)
Tuition fee per term (2 courses @ $270 per course)	$540
Portion of tuition refund for the current course (Withdrawal in Week 3 of 8 Week Term)	$216 (540 x 0.4 =216)
Total Amount Paid	$2,700.00
Total Student Refund Amount	$2,376
Total Retained by RCU for the First Term (Two Courses)	$324.00

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.