Because of OUM’s special low tuition fees, scholarships and loans from the University are not available. The University will work with private scholarship and lending sources to assist students finding their own funding. 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 one-third of the balance is paid four weeks before classes begin, and the balance due is paid three weeks prior to the final course examination. The installment payment plan is:
• Four weeks before the term begins: one-third of balance
• Upon completion of one week of class: one-third of balance
• Upon completion of four weeks of class: final one-third of balance
Monthly payments may be made by check, money order, bank draft, wire transfer, or credit card (American Express, MasterCard, or Visa). Students may spread tuition payments evenly over an entire 12-month period for the number of modules they plan to take during that time. Payments are due on the first of every month with the exception of the first payment, which is due upon signing the Monthly Payment Plan Agreement. For example, if a student plans to take three modules during a 12-month period, the monthly payment would be the total cost of three 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.