FINANCIAL AID

Given OUM’s relatively low tuition fees, financial aid and loans from the University are not available.  To ease the burden of tuition payments, OUM has created payment plans.

Payment Plans
Payment plans are available to all OUM students, as long as the student is in good standing and has not abused the payment plan privilege in the past.

Option 1
OUM will accept payment on student accounts in installments as follows:

  • Half the tuition is paid four weeks before classes begin
  • The balance due is paid within three weeks after classes begin

Option 2
Monthly payments may be made by check, money order, bank draft, wire transfer, or credit card (Discover, MasterCard, or Visa). Students in good standing may spread tuition payments evenly over an entire 12-month period (December through November) for the number of modules they plan to take during that time. Payments are due on the first of every month. For example, if a student plans to take four modules during a 12-month period, the monthly payment would be the total cost of four modules, divided by 12.

Students who participate in either of these options and default or fall behind on payments will not receive their module grade and may not register for another module until the account is settled. In addition, the opportunity to continue on a payment plan may be subject to review by the Bursar’s Office.