Student Billing
Student Financial Services' mission is to provide students with the highest level of customer services in a professional and courteous manner.  We are committed to ensuring students receive timely billing statements, helpful answers to account questions, and efficient processing of tuition payments.  Student Billing also manages health, dental and vision insurance needs.



Tuition Information

2014 - 2015 Tuition Due Dates
Summer Quarter  05/16/2014
Fall Quarter  08/08/2014
Winter Quarter  11/07/2014
Spring Quarter  02/20/2015
Return of Title IV Funds

Student Financial Services is required by Federal statute to recalculate Federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The Federal Title IV financial aid programs must be recalculated in these situations. If a student leaves the institution prior to completing 60% of a payment period or term, the Financial Aid Office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula:

Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid. 

Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula:

Aid to be returned = (100% of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could  have been disbursed during the payment period or term.

If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a debit balance to the institution.


If a student earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student's withdrawal. The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student’s withdrawal. Refunds are allocated in the following order:

  • Unsubsidized Federal Stafford Loans

  • Federal Perkins Loans

  • Federal Graduate PLUS Loans

    Tuition Refund Policy
    When a student withdraws from a program, a refund of tuition may be granted based on the official withdrawal date. 

    RFUMS tuition refund policy:

  • Withdrawal before the end of the 1st week of classes - 100% tuition refund
  • Withdrawal before the end of the 2nd week of classes - 75% tuition refund
  • Withdrawal before the end of the 3rd week of classes - 50% tuition refund
  • Withdrawal before the end of the 4th week of classes - 25% tuition refund
  • Withdrawal any time after the 4th week of classes - no tuition refund

Institutional Online Refund Policy (Indiana Residents Only)

This policy is applicable only to students who reside in Indiana and are enrolled exclusively in the online program.  The effective date of this policy is February 13, 2014.  The institution shall cancel a student’s enrollment upon request of the student.  The student’s obligation at the time of cancellation will be calculated as follows:

  • Within (6) days of signing the Declaration of Intent, no obligation and all monies paid, if any, will be    fully refunded.

  • After (6) days, but before the 1st day of class, a registration fee of 20% of the total tuition,  not to exceed $100.00.

  • After the 1st day of class, the registration fee, plus 10% of the tuition until student completes 10% of the assignment.

  • After completing 10% of the assignments, but prior to completing 25% of the assignments, the registration fee plus 25% of the total tuition.

  • After completing 25% of the assignments, but prior to completing 50% of the assignments, the registration fee plus 50% of the total tuition.

  • After completing 50% of the assignments, but prior to completing 75% of the assignments, the registration fee plus 75% of the total tuition.

  • After completing 75% of the assignments, the student is responsible for total tuition.

  • The contract shall state a length of time for a student to complete his course of student.  If a student does not cancel by the end of such time, he is responsible for his total tuition.

  • The institution will make a proper refund, within thirty-one (31) days of the student’s request of cancellation.

  • If the student has paid tuition extending beyond twelve (12) months all such charges shall be refunded.

Institutional Online Refund Policy (Wisconsin Residents Only)

Wisconsin residents who cancel their enrollment for an online degree program prior to the student’s first day of class attendance will receive a refund of all monies paid. All requests for cancellation by the student should be made in writing and mailed or emailed to the Admissions Department.  Those students who elect to cancel their enrollment with Rosalind Franklin University of Medicine and Science within 3 business days will receive a full refund of all monies paid, within 10 business days of their cancellation.

Wisconsin residents enrolled in an Online degree program will receive any refunds due within 40 days after dismissal or notification of withdrawal. In the event a student withdraws or is dismissed from all classes during the quarter refunds of tuition and fees will be calculated according to the following schedule:

Charges are adjusted for students who withdraw from the University or withdraw from courses / programs. Neither failure to pay nor placing a stop payment on a check constitutes an official withdrawal.

      *The following schedule is based on the students’ last date of attendance.

  • 100% refund of tuition within the first academic week of the term

  • 90% refund of tuition within the 2nd academic week of the term

  • 80% refund of tuition within the 3rd academic week of the term

  • 70% refund of tuition within the 4th academic week of the term

  • 60% refund of tuition within the 5th academic week of the term

  • 50% refund of tuition within the 6th academic week of the term

  • 40% refund of tuition within the 7th academic week of the term

  • 0% refund of tuition after the 7th academic week of the term

Life in Discovery
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