Payment Schedule and Health Insurance

Students will be billed for tuition and fees for each semester approximately 30 days prior to the beginning of each term. Tuition and fees must be paid in full by the first day of class.

Late tuition payments or failure to make arrangements to pay tuition will result in the student being removed from class and/or clinical externships. All students are required to obtain health insurance prior to matriculation and maintain their individual health insurance throughout their time of enrollment at the University.

Students are automatically enrolled in the RVU Student Health Insurance plan and will be billed for the annual premium with their fall tuition. Students may waive RVU insurance if they can document equivalent coverage. Refer to the section on Student Health Insurance for more information.

Tuition Payment

Students will be billed for tuition and fees for each semester approximately 30 days prior to the beginning of each term. Tuition and fees must be paid in full by the first day of class. Late tuition payments or failure to make arrangements to pay tuition will result in the student being removed from class and/or clinical externships. Tuition payments may be made by check, credit card, or ACH transaction. Matriculated students will have access to a payment portal for credit card or ACH payments. Any checks submitted must indicate the student’s name and student number, and should be made out to “Rocky Vista University.”

All students are required to obtain health insurance prior to matriculation and maintain their individual health insurance throughout their time of enrollment at the University. Students are automatically enrolled in the RVU Student Health Insurance plan and will be billed for the annual premium with their fall tuition. Students may waive RVU insurance if they can document equivalent coverage. Refer to the section on Student Health Insurance for more information.

Click here to view the Tuition Refund Policy page

Students who receive financial aid have certain rights and responsibilities.

As a student, you have the right to know:

• What financial aid programs are available and how to apply for them;
• The criteria used to determine financial aid eligibility and calculate need;
• The type and amount of assistance you will receive, and how you will be paid;
• The terms and conditions of any financial aid you accept;
• The interest rate and terms of repayment of any loan you accept;
• The procedure for increasing, decreasing or cancelling your student loan;
• The Cost of Attendance, Tuition Refund and Return of Title IV funds policy;
• How Satisfactory Academic Progress for Financial Aid is determined;
• The process, requirements and consequences of any withdrawal, dismissal or leave of absence from the University;
• That all application information will be treated with the highest level of confidentiality;
• Your rights under the Family Educational Rights and Privacy Act (FERPA);
• To request a review of your financial aid package if family and/or financial circumstances have changed;
• That the Office of Student Financial Services will communicate financial aid information and awards to you by electronic means unless you provide a written request asking us to provide paper copies;
• That RVU will submit your enrollment and loan information to the National Student Loan Data System (NSLDS) as required by the federal government.
• Campus security and crime statistics.

As a student, it’s your responsibility to:

• Establish plans to meet your educational and living expenses;
• Submit all documentation and forms requested by the Office of Financial Aid or your lender in a timely and accurate manner;
• Read, understand, and retain copies of all information and/or forms that are sent to you and all other documents you sign;
• Comply with the provisions of any aid received, as well as any promissory note(s) and all other agreements you sign;
• Notify RVU of all resources (especially outside resources) you receive that are not listed on your award letter;
• Keep RVU informed of any change of address, name or marital status while you are a student, and until all loans have been repaid in full;
• Use aid only for educational expenses related to attending the University;
• Comply with deadlines for the payment of tuition;
• Register and attend classes for the number of hours required for your aid disbursement;
• Maintain Satisfactory Academic Progress;
• Provide written permission before personal information can be released to outside parties.
• Reapply for student financial aid every year.
• Schedule an appointment to meet with a financial aid counselor during your first semester if you are receiving a student loan.

Rocky Vista University College of Osteopathic Medicine is approved by the US Department of Veterans Affairs (DVA) for the certification of students eligible to receive VA educational benefits. The Office of Student Financial Services is responsible for submitting certifications verifying veterans’ enrollment at RVUCOM. The DVA determines a veteran’s eligibility for specific GI Bill® programs. For more information about programs and procedures for applying please go to http://www.benefits.va.gov/gibill/ or call 1-888- GIBILL-1 (1-888-442-4551). Once the DVA has determined that you are eligible to receive GI Bill® benefits, you must submit the following documents to the Office of Student Financial Services:

• A copy of your Certificate of Eligibility (provided by the DVA)
• A completed Request for a Change of Program or Place of Training (DVA Form 22-1995) if you have received benefits previously at another school.
• A Request for GI Bill® Certification form. (This form must be completed each semester if would like us to certify your enrollment with the DVA.)

Veterans will pay the same tuition and fees as all other students. Rates can be found under the Tuition and Fees tab above. Veterans should contact the certifying official at the Office of Student Financial Services for any questions or concerns about their attendance at RVUCOM. We are here to help you!

Prior Credit Policy for GI Bill® Recipients

In accordance with Title 38 USC 3675 and 3676 and 38 CFR 21.4254, all Veterans or eligible dependents who use GI Bill® Benefits for this training are required to bring in documentation of all previous training credit and education. Veterans are required to submit all prior training transcripts, including military transcripts, to the institution for review. This institution will review all prior credit, and maintain a record of such training in the students VA file. VA students’ records must be kept for 3 years following the ending date of the last period certified to VA. Referenced law: Title 38 CFR 21.4209(f))

VA Pending Payment Policy

In accordance with section 103, Public Law 115-407, Rocky Vista University will not penalize or limit the participation of students covered under the Chapter 33 Post-9/11 GI Bill® or Chapter 31 Vocation Rehabilitation & Employment (VR&E) while awaiting the payment of tuition and fees by the US Department of Veterans Affairs. The University will not drop covered students for non-payment.

A. To be a covered individual, RVU will require students to self-identify and provide the following documentation:

1. Certification of Eligibility; or
2. VA Form 28-1905; and
3. Request for Extension of Tuition and Fees Deadline Form.

B. If a student fails to send, at a minimum their Certificate of Eligibility, they will not be certified for VA Educational Benefits and will be subject to the standard charges associated with the program they are attending.

Iowa Code Section 261.9(1)"g" 

RVU has adopted the IOWA policy to offer not less than the following options to a student who is a member, or the spouse of a member if the member has a dependent child, of the Iowa national guard or reserve forces of the United States and who is ordered to national guard duty or federal active duty:

• Withdraw from the student’s entire registration and receive a full refund of tuition and mandatory fees.
• Make arrangements with the student’s instructors for course grades, or for incompletes that shall be completed by the student at a later date. If such arrangements are made, the student’s registration shall remain intact and tuition and mandatory fees shall be assessed for the courses in full.
• Make arrangements with only some of the student’s instructors for grades, or for incompletes that shall be completed by the student at a later date. If such arrangements are made, the registration for those courses shall remain intact and tuition and mandatory fees shall be assessed for those courses. Any course for which arrangements cannot be made for grades or incompletes shall be considered dropped and the tuition and mandatory fees for the course refunded.

All students are required to obtain health insurance prior to matriculation and to maintain their individual health insurance throughout their time of enrollment at the University. Students must participate in the University sponsored health insurance program or submit an approved waiver with documentation of alternative equivalent coverage. If a student’s insurance is scheduled to expire during the academic year, they must obtain a new waiver form with proof of new insurance at least 30 days prior to the expiration of their old insurance. Any student who has a lapse of health insurance coverage will be summarily removed from classes and or externships and may be subject to dismissal.

The RVU Student Health Insurance program is in effect from August 1 to July 31 each year and the total annual premium is billed at the start of the fall semester. The current cost of the Student Health Insurance program may be obtained from the Office of Student Financial Services.

Sometimes students may need extra funds for expenses necessary for them to complete their education. It is important to note that additional funds may be granted only for non-discretionary expenses allowed by federal regulations. Students must submit a written request and document their need for additional funds. Students should contact the Office of Student Financial Services for more information about policy, procedures and forms. Note that adjustments may be restricted to specific maximum amounts.

In general, funds may be granted for expenses related to:

• Dependent care costs
• Computer purchase
• Clinical rotation expenses
• Audition/Interview rotation expenses
• Global rotation expenses

Additional funds cannot be granted for:

• Car payments
• Consumer indebtedness (credit card payments, prior student loan debt, etc.)
• Living expenses for dependents
• Mortgage payments in excess of Cost of Attendance housing allowance
• Expenses that are covered (or could be covered) by insurance
• Pet expenses

Federal regulations require that RVUCOM establish, publish and apply standards of Satisfactory Academic Progress (SAP) which students enrolled in the University must meet in order to maintain financial aid eligibility. This policy applies to all students applying for or currently receiving Federal, State, or institutional financial assistance.

RVUCOM – Satisfactory Academic Progress Policy for Financial Aid Recipients (PDF)

MSBS – Satisfactory Academic Progress Policy for Financial Aid Recipients (PDF)

PA – Satisfactory Academic Progress Policy for Financial Aid Recipients (PDF)

This policy shall apply to all students enrolled at Rocky Vista University who are eligible to receive financial aid from Title IV funds and who totally withdraw, are dismissed, take an approved leave of absence, drop out, or stop attending all classes in the semester.

Students who stop attending class (for any of the reasons listed above) before completing more than 60% of a semester will have their Title IV aid recalculated based on the percent of the term they completed. For example, a student who withdraws completing only 20% of the term will have “earned” only 20% of any Title IV aid that was disbursed or could have been disbursed. The remaining 80% must be returned. If the student withdraws after completing 60% of the semester the student would earn 100% of the Title IV aid. In determining the percentage of the semester completed for a student who withdraws, the school includes in the denominator the total number of calendar days in the semester excluding any scheduled breaks of at least five consecutive days. The school includes in the numerator the total number of days up to the date of withdrawal excluding any scheduled breaks of at least five consecutive days.

If the amount of Title IV aid disbursed to the student is less than the amount the student earned, and for which the student is otherwise eligible, the student may be eligible to receive a Post-Withdrawal Disbursement of the earned aid that was not received. If the unearned amount includes loans, the school must obtain permission from the student before making a Post-withdrawal disbursement. The student will have 14 days from the date of the notice to accept or decline some or all of the loan amount.

If the amount of Title IV aid disbursed to the student exceeds the amount of loan the student earned, the school must return a portion of the excess equal to the lesser of:

• The institutional charges multiplied by the unearned percentage of the Title IV aid; or
• The entire amount of excess Title IV aid.

If the school is not required to return all of the excess Title IV funds, the student must return the remaining amount. In the case of loans, the student must return the loan amount in accordance with the terms and conditions of the Master Promissory Note. Unearned Title IV funds shall be returned in the following order:

1. Direct Unsubsidized Loan
2. Direct Grad-PLUS Loan.

“Title IV Funds” refers to the Federal financial aid programs authorized under the Higher Education Act of 1965 (as amended) and includes:  Direct Unsubsidized Loans and Direct Grad-Plus Loans.

A student is not considered withdrawn for R2T4 purposes only, if:

• The institution obtains written confirmation that the student will attend a later module in the same payment period of enrollment;
• The student completes the requirements for graduation;
• The student completes one or more modules that, together, comprise at least 49% of the days in the payment period; or
• The student completes coursework equal to or greater than the coursework required for half-time enrollment.

When there is an unofficial withdraw, a student’s withdrawal date is:

• The last documented date of an academically related activity recorded by the college or, if no date is available, the midpoint of the student's term of enrollment.

Any student intending to officially withdraw or requesting a leave of absence must notify the Associate/Assistant Dean of Student Affairs either orally or in writing.

All requests for a leave of absence will be approved or denied by the Dean.

Refunds on all institutional charges (tuition and fees) will be calculated according to the RVU refund schedule. Please refer to RVU’s Tuition Refund Policy for more information.

Students are responsible for any portion of institutional charges that are outstanding after Title IV funds are returned.

Return of Title IV Funds Policy (PDF)

Deadlines

• Within 45 days from the date RVU determined that the student withdrew, the college will return unearned funds.
• Within 30 days from the date RVU determined that the student withdrew, the college will offer a post-withdrawal disbursement, if applicable. Students will have 14 days from the date of the notice to respond.

Entrance Counseling

Students receiving loans for the first time must complete loan entrance counseling and a Master Promissory Note before any funds will be disbursed. In addition, all first-year borrowers are required to complete internal loan counseling during their first year. Furthermore, there is a second-year loan counseling requirement for all students prior to entering into their third year and residency. Enrolled students are encouraged to meet annually with a financial aid counselor to discuss their cumulative debt and repayment options. All students who have received any type of educational loan must participate in loan exit counseling during their last semester as a requirement for graduation.

Entrance counseling must be completed online at studentloans.gov.

Once you have completed the Federal Direct Loan Entrance Counseling, the Office of Student Financial services will receive an electronic notification.

Exit Counseling

Students who borrow under the Federal Direct Loan Program are required to complete exit counseling before they graduate or drop below half-time.

Exit counseling must be completed online at www.studentloans.gov.

Once you have completed exit counseling, the Office of Student Financial services will receive an electronic notification.

Loss of Eligibility Due to A Drug Violation:

A student who is convicted of a state or federal drug offense while enrolled in school and receiving federal student aid is ineligible for federal student aid. The chart below explains the period of ineligibility for federal student aid funds:

                                Possession of illegal drugs                          Sale of illegal drugs

1st Offense        1 year from date of conviction                   2 years from date of conviction

2nd Offense       2 years from date of conviction                 Indefinite period

3+ Offenses       Indefinite period

Regaining Eligibility after a Drug Conviction:

A student regains eligibility the day after the period of ineligibility ends or when they successfully complete a qualified drug rehabilitation program that includes passing two unannounced drug tests given by such a program.

A drug rehabilitation program is considered qualified if it includes at least two unannounced drug tests and meets one of the following requirements:

• Be qualified to receive funds directly or indirectly from a federal, state, or local government.
• Be qualified to receive payment directly or indirectly from a federally or state-licensed insurance company.
• Be administered or recognized by a federal, state, or local government agency or court.
• Be administered or recognized by a federally or state-licensed hospital, health clinic, or medical doctor.

Students denied eligibility for an indefinite period can regain it by successfully completing a rehabilitation program or if a conviction is reversed, set aside, or removed from the student’s record so that fewer than two convictions for sale or three convictions for possession remain on the record.

* Please note: Starting with the 2021-2022 award year. As described in Dear Colleague Letter GEN-21-4, the FAFSA Simplification Act eliminated the prohibition on receiving Title IV aid for students with drug-related convictions

FAFSA Website

Code of Conduct (PDF)

Consumer Information Disclosure (PDF)

Department of Education Default Rates (use OPEID number 042189)