Financial Policies

The University is committed to doing everything possible to help eligible students meet their financial needs. Major responsibility for securing the necessary financial resources rests with the student. In some cases, assistance can be expected and should be sought from the home, church, support of family and friends, summer savings, and work funds.

Enrollment Agreement

An enrollment agreement must be signed for the entire program enrolled. It is the policy of the University to collect all tuition and other fees from a student before he or she starts the course. A tuition payment plan may be developed to assist students who need to pay on an installment plan.

Financial Suspension

A student may be suspended from the University for failure to pay the tuition and fees as agreed to in the enrollment agreement or payment plan. A student may be administratively withdrawn from the University for failure make any payment within 60 days.

Form of Payment

Students may use electronic funds transfer, credit card, personal or business checks, cashier’s check or money order. Returned checks are subject to $25 “returned check” fee. To make a payment, click here.

Late Payments

Late payments are subject to a $25 late payment fee. Two consecutive late payments will make a student ineligible for payment plans. Five late payments total will make a student ineligible for payment plans.

Payment

All students pay a per-credit-hour rate based on how many course credits they take may each term. It is the policy of the University to collect all tuition and other fees from a student at the time of registration.

Payment Plans

Payment plans are available for full-time enrolled students. Two consecutive late payments will make a student ineligible for payment plans. Five late payments total will make a student ineligible for payment plans.

Pro Rata Refund Calculation Policy - General

A student may be suspended from the University for failure to pay the tuition and fees as agreed to in the enrollment agreement.

Percent of Attendance TimeMaximum Amount of Refund
1st week (Days 1-7)100%
2nd week (Days 8-14)80%
3rd week (Days 15-21)62.5%
4th week (Days 22-28)50%
5th week (Day 29 & after) 0%

Refund Example - General

Undergraduate Example

  • The non-refundable Application for Admissions Fee costs $75, while a 3-unit undergraduate course costs $600.
  • The student paid $75 for the non-refundable Application for Admissions Fee, plus $600 for the course. Therefore, the student paid $675 total to IAU.
  • The 3-unit course spans 8 Lessons/weeks. The student attends 2 weeks and withdraws during the 2nd week.
  • The student is entitled to a pro rata refund of 80% of his/her $600 tuition paid, which is $480.

Graduate Example

  • The non-refundable Application for Admissions Fee costs $75, while a 3-unit graduate course costs $1,200.
  • The student paid $75 for the non-refundable Application for Admissions Fee, plus $1,200 for the course. Therefore, the student paid $1,275 total to IAU.
  • The 3-unit course spans 8 Lessons/weeks. The student attends 4 weeks and withdraws during the 4th week.
  • The student is entitled to a pro rata refund of 50% of his/her $1,200 tuition paid, which is $600.

Student Tuition Recovery Fund (STRF)

“You must pay the state-imposed assessment for the Student Tuition Recovery Fund (STRF) if all of the following applies to you:

  1. You are a student, who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and
  2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party.

You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies:

  1. You are not a California resident, or are not enrolled in a residency program, or
  2. Your total charges are paid by a third party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party.”

The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency program attending certain schools regulated by the Bureau for Private Postsecondary Education.

You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following:

  1. The school closed before the course of instruction was completed.
  2. The school’s failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school.
  3. The school’s failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other costs.
  4. There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau.
  5. An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act.”

However, no claim can be paid to any student without a social security number or a taxpayer identification number.