Tuition fees are typically paid in the local currency of the student. Students from Australia pay in Australian dollars, New Zealand students pay in New Zealand dollars, and Americans and all other students pay tuition fees in US dollars.
New students are required to pay a $500.00 non-refundable matriculation fee at the time of acceptance to secure their choice of enrollment date. The remainder of the first module’s tuition must be paid at least 30 days before the term begins. Classes are filled on a first-paid, first-reserved basis, and classes are limited to 30 students per session. Tuition fees are listed below.
|e-Foundation 300-series Track
||@ $10,000 for the 30-week module
|Basic Science Track (e-Foundation 100 series)
||9 blocks @ $2,500 per four-week block
||9 modules @ $5,000 per module
|Trends & Topics, Research Methodology, Day-One Clinical Skills Course
||3 modules @ $5,000 per module
|Clinical Clerkships: 12-week Modules
||2 modules @ $7,500 each*
|Clinical Clerkships: 8-week Modules
||3 modules @ $5,000 each*
|Clinical Clerkships: 4-week Modules
||6 modules @ $2,500 each*
*Does not include hospital or housing fees at the site of the rotation or related travel/accommodations.
All tuition fees for modules taken after the first module are due four weeks before the term begins, during Registration Week, which is held four weeks before a term start date and the recommended time to make decisions about registering for the upcoming module, paying tuition, etc. Students who do not make arrangements by the end of Registration Week may not be able to take the next term and will be subject to late fees.
OUM aims to keep its tuition fees at a constant level to allow students to budget accordingly. When students matriculate into the program, the current tuition rate remains in effect for the preclinical modules and for clinical rotations, as long as the student maintains full-time status and remains in good standing with the University (see below).
As all of OUM’s textbooks are available on Elsevier’s Clinical Key, OUM has negotiated a special rate of $500 per student per year with Elsevier. Users of Clinical Key are given full-text access to more than 500 of Elsevier’s journals, 900 books, and 9,000 medical and procedural videos.
In addition to the tuition and textbook costs, students are required to pay a $200 per year examination proctoring fee.
In order to maintain good standing in OUM, students must complete 24 weeks of instruction per academic year to remain in good standing. Additionally, the preclinical curriculum must be completed within four calendar years. During the clinical years, students are expected to successfully complete 24 weeks of clerkships during each academic year (and to complete the entire clinical program within three calendar years) to remain in good standing.
Tuition and fee payments may be remitted by credit card, electronic transfer of funds, or direct deposit in Australian dollars (AUD) or New Zealand dollars (NZD), or check/money order/credit card in US dollars (USD) or credit card only in Canadian dollars (CAD). Payment plans are also available and detailed below.
A non-refundable 2.77 percent convenience fee is charged for all credit card payments. Applicants, matriculants, and students may make credit card payments online by logging into their account in eOUM.
For students seeking to make tuition payments in AUD or NZD utilizing an electronic transfer of funds or a direct deposit, please contact the Bursar or the AUS/NZ Student Affairs Administrator.
Students in the USA and Canada* may remit payment by check/money order/credit card on an account drawn in US dollars (USD).
*Tuition in Canadian dollars must be made via credit card.
Checks are to be made payable to e-Medical Education. Payment must include the student’s name and term number. Post-dated checks are not accepted. Checks, bank drafts, or money orders should be sent to:
276 Fifth Avenue, Suite 404
New York, NY 10001
Please note that only payments (no documents) should be sent to the e-Medical Education/ MMPS address.
ONLINE INVOICE SYSTEM
Once payment is processed by the Bursar’s Office, a confirmation e-mail is sent to the student’s OUM e-mail address, and the student’s financial account i eOUM is updated to reflect the payment.
A $25 late penalty and 1.5 percent monthly late charges will be assessed on unpaid balances after the due date. Students with unpaid bills will not be permitted to register for subsequent terms, receive module grades, diplomas, or transcripts.
RETURNED CHECKS POLICY
All returned checks are deposited twice, automatically and without notice. A Returned Check Fine of US$35 will be assessed to the student’s account for each check that is returned due to insufficient funds. A personal check will not be accepted to replace a dishonored check.
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 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.
OUM will accept payment on student accounts in installments as long as half of the balance is paid four weeks before classes begin, and the balance due is paid three weeks after classes begin. The installment payment plan is:
• Four weeks before the term begins: half of tuition
• Upon completion of three weeks of class: half of tuition
Monthly payments may be made by check, money order, bank draft, wire transfer, or credit card (Discover, MasterCard, or Visa), depending upon the student’s country of residency. 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.
WITHDRAWALS AND REFUNDS
Students who withdraw from a module may be eligible for a tuition refund (excluding non-refundable deposits and convenience fees), depending upon when their official notice is submitted. All refunds will be made within 30 days of the withdrawal date.
On or before commencement of classes 100% refund *
Within first week of classes 75% refund *
Within second week of classes 50% refund *
After second week of classes no refund
* Please note that the convenience fee for credit card payments will not be refunded.