2024-2025 Tuition and Fees Bulletin San Germán MTP

TO:                      Students

FROM:                Orlando González, Acting Vice President for Management, Finance, and Systemic Services

RE:                      INFORMATION ON REGISTRATION COSTS FOR THE 2023-2024 ACADEMIC YEAR

Inter American University of Puerto Rico provides its students this information bulletin regarding tuition, fees and other charges in effect for the 2023-2024 academic year, as approved by the Board of Trustees of this Institution. These costs apply for students in the regular, Avance, and Certificate programs. Also included is general information concerning norms for the payment of tuition and fees, deferred payments, adjustments and reimbursement when a student withdraws from a class after it was paid for.

The academic year consists of two (2) regular Semesters.

1. TUITION

1. FEES

III.  OTHER CHARGES

1. HOUSING

The meal charge includes three (3) meals per day, five (5) days a week, Monday through Friday, from the fist day of classes to the last day of final exams. It does not include holidays officially authorized by the University, Saturdays and Sundays.

1. CHANGES IN TUITION, FEES AND OTHER CHARGES

The University reserves the right to revise charges and fees whenever:

1. There is an increase in educational and general expenses and/or mandatory transfers
2. Budget projections indicate a possible increase in these costs
3. After careful analysis of any particular situation, the University administration determines that such changes are reasonable and justified

1. MASTER PROMISSORY NOTE
2. The Master Promissory Note represents a guarantee document for the collection of amounts owed to Inter American University of Puerto Rico.
3. Bonafidestudents enrolled in the University must fill and submit the Master Promissory Note in the Bursar’s Office of his/her academic unit or campus.
4. Students under 21 years of age must sign the Master Promissory Note with their father, mother or tutor. Students 21 years or older can sign the Master Promissory Note without father, mother or tutor consent.

VII.  PAYMENTS

The total cost of tuition fees and other charges is payable in its entirety at the time of registration.

The difference between the total cost of tuition, fees and other charges and the total amount of financial aid a student received (except for Work Study benefits) is payable at the time of registration.

Payments can be made through Money Orders, checks (drawn to Inter American University of Puerto Rico), cash, credit cards (Master Card, VISA, American Express, or Discover) and the ATH debit card.

Payment may also be made with MasterCard or VISA through the University web page.

VIII.  DEFERRED PAYMENT ARRANGEMENTS

The University grants students the privilege of a deferred payment for seventy-five percent (75%) of the total cost of registration per semester, trimester or bimester upon signing a duly notarized promissory note. To be eligible for deferred payment, students must have liquidated any debts from previous academic terms. In no case shall the total amount deferred exceed the balance of the debt after discounting the financial aid benefits and loans.

The Chief Executive Officer of the academic unit may, in exceptional cases, increase the percentage of the deferral if it is understood to be beneficial for the Institution, and after analysis that concludes that there is reasonable certainty that the debt will be paid.

The payment of the deferred total cost of tuition, fees and other charges of a semester becomes due seventy-five (75) days after first day of classes. The deferred amount for a semester is due in a maximum of three (3) equal installments.

The award of a deferred payment carries a fee to cover part of the administrative expenses of this service. There will be a charge of $25.00 on any installment not paid by its due date.

It is the responsibility of each student to know when payments are due and make the according arrangements.

1. ADJUSTMENTS AND REINBURSEMENTS

PARTIAL WITHDRAWAL

Per Semester

100% of the cost of credits and laboratory fees (not including other fees) dropped before the start of classes.

75% of the cost of credits and laboratory fees (not including other fees) dropped during the first week of classes.

50% of the cost of credits and laboratory fees (not including other fees) dropped during the second week of classes.

THERE WILL BE NO REIMBURSEMENT AFTER THE SECOND WEEK OF CLASSES.

These adjustments will be applicable to students who pay the total cost of their tuition in CASH.

FEES AND OTHER CHARGES ARE NOT REFUNDABLE AFTER CLASSES BEGIN.

Room and Board:

1. The room cost is refundable if requested twenty-five (25) University business days before the start of classes for a semester.
2. When there is a total withdarwal of courses for the student during any term for which room and board were paid for, the cost will be adjujsted to the date of the withdrawal using the corresponding percentage of reinbursable federal funds (if applicable). This will only happen if the date of the total withdrawal lies within sixty percent (60%) period of the term. The student will be responsible for any room and board debt once the adjustment has been made.
3. MILITARY LEAVES AND WITHDRAWALS
4. Total Withdrawal Reinbursement:
5. If a student is called to active duty, or is activated due to a national emergency, and presents official evidence to this effect, every effort will be made to ensure that the student may benefit from the different types of study programs available to avoid withdrawing from his or her courses. Withdrawals should be the last resort.
6. In the case of total withdrawals, the reimbursement will be made in accordance with the provisions of federal Title IV and Military Tuition Assistance (TA).

The schedule for the return of unearned TA funds is based on a proportional daily calculation up to sixty percent (60%). To calculate reimbursement to the government, the university follow a daily formula where:

Number of Days Completed   / Total days in the enrollment period* = Percent (%) Earned

A reimbursement will be calculated if the percentage is less than sixty percent (60%).

An example calculation follows:

1. Reimbursement by Course – Return TA Policy:

If a Service member using Tuition Assistance (TA) withdraws from a course before completing sixty percent (60%) of the period of enrollment, the Institution will calculate the amount of the Tuition Assistance (TA) the student did not earn and return these funds to the appropriate military service. The amount of unearned TA equals the difference between Tuition Assistance that was dispensed amount of Tuition Assistance that was earned. This earned TA calculation is based on a percentage of the calendar days completed divided by the total calendar days in the enrollment period. There is no return for students withdrawing after sixty percent (60%) of the academic term.

The formula is:

Number of Days Completed   / Total days in the enrollment period* = Percent (%) Earned

* Total Days of the Term (from start to end date)