Financial Information

Tuition

Tuition and fees are subject to change upon approval by the Board of Trustees.


Tuition Payments

All outstanding debts to University of Silicon Valley must be paid in full before registration. Tuition may be paid in many ways, including, but not limited to, payment in full according to the tuition schedule and through financial aid. The Campus Service Center can provide a detailed explanation of payment methods and plans.

No student will be allowed to schedule or attend classes unless his/her tuition is paid in full, or unless arrangements for payment have been made with the Business Office.

Tuition payments may be made by mail with a certified or cashier's check, with a money order, MasterCard, Visa, or with a personal check. Checks are to be made payable to: University of Silicon Valley. All payments should be sent to:

Business Office
University of Silicon Valley
191 Baypointe Parkway
San Jose, CA 95134

The name of the student, the student's college ID, and the purpose for any amount paid must be included with the payment.


Special Tuition Policy for USV Graduates

University of Silicon Valley encourages USV graduates to return as non-degree seeking students by allowing them to take one course each semester at one-half of the regular tuition charge and by waiving the admission application and the late registration fee. USV graduates taking courses under this program are allowed to register during the late registration period provided they obtain the approval of the instructor for the course being taken and the approval of the Dean of the College. Graduates must follow the regular registration process.


Refund Policy

Students who drop classes, with written notice, within the designated add/drop period are entitled to a refund of all monies paid for the dropped classes.  Classes dropped after the add/drop period are not eligible for 100% refund. The College shall provide the refund no later than 30 days of receiving the notice to drop classes.

Students who withdraw from the College, with written notice, after the start of the semester will be subject to a pro-rata tuition charge; including students who are dismissed after 14 consecutive calendar days of absences from the last date of attendance.  They will owe a percentage of their tuition corresponding to the last day of recorded attendance. A prorated refund from the first day of instruction, up to the 60th percent point in the academic period, will be applied to students who withdraw from USV.  For example, the 60th percentile point will be equivalent to a 40% refund of tuition charges.

If applicable, refunds to agencies, private loans, scholarships, and to the student will be made within 45 days of the date the student is determined to have withdrawn.

The Technology, Associated Student Body, Credit by Examination, Late Registration, and Application for Student Housing Fee may be non-refundable.  Fees may be refundable if written request of cancellation is submitted within the cancellation period. Please refer to the Other Charges and Fees Table.

The following is the refund percentage by calendar days, including holidays, for students:

Percent of Period of Completed (Semester)

Institutional Charge

Student Refund Percent

During the Add/Drop period

0

100%

After Add/Drop and through enrollment of 10%

5%

95%

After  10% through enrollment of 20%

15%

85%

After  20% through enrollment of 30%

25%

75%

After  30% through enrollment of 40%

35%

65%

After  40% through enrollment of 50%

45%

55%

After  50% through enrollment of 60%

55%

45%

After  60% of  enrollment

100%

0


Title IV Financial Aid Refund Policy

USV is certified by the U.S. Department of Education as an eligible participant in the Federal Student Financial Aid (FSA) programs established under the Higher Education Act of 1965 (HEA), as amended.
When a student withdraws, USV must complete two calculations:

  • If the student is a Title IV recipient, the institution must determine how much Federal grant and loan assistance the student has earned under the Federal Return of Title IV Funds Policy.
  • The institution must determine how much of the tuition and fees it is eligible to retain using the institutional refund policy.

If the student (or parent in the case of a PLUS Loan) is eligible for additional funds at the time of withdrawal, the student may receive additional Federal Student Aid (Title IV) funds. If the student received more FSA funds than he or she earned under the Federal Return of Title IV Funds Policy, the institution, and in some cases the student, is required to return the unearned funds to the federal program(s) or lender, as applicable.

Any balance remaining on account after the refund calculation has been applied must be paid by student.

Return of Title IV Funds

USV will perform a pro-rata refund calculation up through the 60% point in each period of enrollment unless the student has cancelled his or her enrollment or withdrawn and received a full refund under the provisions previously stated. Under a pro-rata refund calculation, USV is entitled to retain only the percentage of institutional charges proportional to the period of enrollment completed by the student. The period of enrollment completed by the student is calculated by dividing the total number of days in the period of enrollment by the number of days completed in that period as of the last documented date of attendance. Scheduled breaks of five or more consecutive calendar days are excluded from return calculation.

Refunds

Any amount due back to Title IV funds, state grants, and/or the student will be refunded within 45 days of the date of cancellation or withdrawal. USV must return Title IV funds to the program from which the student received aid during the enrollment period, in the following order, up to the net amount disbursed from each source:

  1. Unsubsidized Direct Stafford Loans (other than PLUS loans)
  2. Subsidized Direct Stafford Loans
  3. Direct PLUS Loans
  4. Federal Pell Grants for which a return of funds is required
  5. Federal Supplemental Educational Opportunity Grants (FSEOG) for which a return of funds is required
  6. Other Federal programs governed under Title IV regulations


Post Withdrawal Disbursement

Students who have earned more aid than had been disbursed at the time of withdrawal will be eligible for a Post Withdrawal Disbursement. The Financial Aid Office must notify the student within 30 days of the withdrawal date of the availability of Post-Withdrawal funds. The student will have 15 days to respond to the notice. It is at the discretion of the College to allow a Post-Withdrawal Disbursement for a student who fails to respond to the school within the 15-day period. Once the student accepts the Post-Withdrawal Disbursement, the College has 90 days from the withdrawal date to disburse those funds to the student's account.

Examples of return of funds calculations that may be made in accordance with federal regulations and College policy may be obtained from the Financial Aid Office.