Financial Affairs
- Financial Obligations
- Loan Programs
- Scholarships
- Tuition
- Cost of Attendance
- Payment Plans
- Fidelity Reward
Financial Obligations
WIRE TRANSFER INSTRUCTIONS
Payment by Wire Transfer must be made to the bank indicated by our Admissions
Coordinator and Registrar:
For detailed instructions for NEW STUDENTS on how to make the transfer you must contact our Admissions Officer
For detailed instructions for EXISTING STUDENTS
on how to make the transfer you must contact
our Registrar.
Wiring Information
Wiring information for ALL STUDENTS ON THE ISLAND click here (PDF Download)
Wiring information for ALL STUDENTS ON (WILL BE ON ) ROTATION click here (PDF Download)
Please always mention with the transfer your full name and reason for the transfer in order to correctly administrate your payment.
REFUND POLICY
A student is required to submit a written request to the bursar's office, via UPS or certified mail, return receipt requested or a similar mechanism in the student's country of domicile.
If the postmark is greater than or equal to 30 days prior to his original, intended start date, then the student is entitled to a refund for the full amount of US$ 500.00. If the postmark is less than 30 days prior to the original, intended start date, then the student is entitled to a refund of US$ 250.00. The tuition deposit is not refundable after the first day of class.
The fees cover the cost of laboratory materials, course and activity fees, insurance, graduation and other miscellaneous fees and therefore are not refundable.
A student who withdraws or takes an unapproved Leave of Absence, fails to return from an approved Leave of Absence, is dismissed.
If a student decides to withdraw from the University, they must submit their intent in writing to the Dean. The date that the letter is received by the Dean will be the student's official date of withdrawal.
The refund schedule is as follows:One week or less of attendance in a semester: 70%
Up to and including two weeks of attendance: 60%
Up to and including three weeks of attendance: 50%
Up to and including four weeks of attendance: 40%
After four weeks of attendance: 0%
Return of Financial Aid
A similar pro-rata schedule is used to determine the amount of financial aid funds to be refunded at the time of withdrawal.
Tuition and Fees
All tuition and fees must be paid for before a student is permitted to register for classes. Students enrolling for the first time are required to have enough personal funds to comply with their financial obligations for the first semester.
Students waiting for the delivery of their student loans during subsequent semesters may provisionally register for classes. Responsibility for payment of tuition and all other University charges is solely that of the student. Bills are mailed to the student at the address on file approximately one month prior to the due date. Should a student not receive a bill, it is his or her responsibility to contact the Financial Aid Office, or the Bursar's Office to inquire about their billing.
Loan Programs
Approximately 60% of the students in the St. Martinus University Faculty of Medicine use some form of
financial aid
to pay for part or all of their educational expenses. The Scholarship and Financial Aid Office
administers the financial
aid available to St. Martinus University students; assists in financial planning, budgeting
and completion of the application
process; and counsels students regarding management of their debt.
The University grants partial tuition scholarships to some entering students who demonstrate financial need and/or
academic
excellence. Those students who feel they meet the criteria for one or more programs are encouraged
to apply.
Although an application may be reviewed for several programs, a recipient generally will receive only
one type of
scholarship.
The majority of financial aid is received in the form of loans which are repaid after the student finishes his
or her studies.
Financial aid counselors can be reached Monday through Friday from 9 AM to 5 PM EST at:
| North American Information Office | Office of the Financial Affairs |
| Attention: Bernadette Davenport Admissions Officer Telephone: +(1) 718-356-7895 Fax: +(1) 718-228-7925 Email: admissions@usa.martinus.edu |
Attention: Mary Willfert Director of Financial Affairs Telephone: +(599 9) 462-9600 Fax: +(599 9) 462-9601 Email: finaid@martinus.edu |
Financial Aid Forms
General Financial aid and scholarship applicationSt. Martinus University's comprehensive outreach to governments and private lending institutions
combined with the University's own financial resources, have created a unique offering of loans
and other financing options for our students worldwide.
United States Citizens or Permanent Residents
The Federal Family Education Loan Program (FFELP) is the US government's student loan program.
The program consists of subsidized Stafford, unsubsidized Stafford and Grad PLUS Loans. These
loans are currently NOT available to students of St. Martinus University; however, private funding
plans have been developed to provide alternatives to United States Citizens or Permanent Residents.
St. Martinus University offers qualified students a viable alternative by combining the American
International Medical Student Private Loan Program (AIMS) that has a combined maximum
borrowing limit of $16,500 per academic year and an overall aggregate of $82,000.
The St. Martinus Tuition Support Loan Program (TSLP) can further narrow the gap
between the AIMS Loan and the cost of attendance.
AIMS is a private loan program and is credit based. Students are required to have a US co-signer
and must have a satisfactory credit history in order to qualify for an AIMS loan. When combined
with the TSLP the terms offered are comparable to US government's student loan program.
TSLP are awarded as subsidized and unsubsidized based on eligibility determined by the Scholarship
and Financial Aid Committee of the school who meet regularly to evaluate applicants.
For loans awarded through the TSLP students may borrow up to $4,000 per academic year.
The TSLP loan has an aggregate limit of $ 20,000.
Under the TSLP the interest that accrues while the student is in school accrues
for up to four
years or until the student graduates while the student is enrolled atleast halftime. The student
is responsible only for the interest
that accrues after graduating or ceases to be enrolled at least halftime.
For loans issued through the unsubsidized AIMS Loan program students is responsible for all
accruing interest and may choose to repay the interest while in school or defer it until repayment
begins. Repayment begins when a student graduates or otherwise ceases to be enrolled at least
halftime; however, the borrower may continue to postpone repayment during the first year
of his/her medical residency.
AIMS and TSLP loans are processed by the North American Financial Aid Office of the University
and disbursement is made directly to the school. The interest is currently set at a fixed rate of 6.50%
for TSLP Loans with disbursements on or after July 1, 2009. The interest ranges from 8.5% to 10.5%
(based on credit score) for AIMS loans with disbursements on or after July 1, 2009. The interest rate is determined by the
credit worthiness as determined by the lender and subject to review and change each July 1st.
In addition, the student is required to pay a 3% origination fee percentage that is determined by the
lender. This origination fee will be withheld by the lender on each disbursement made.
To receive AIMS/TSLP Loans, recipients must be either permanent residents or citizens of the
United States, be enrolled in the School of Medicine, Curacao at least half-time, maintain satisfactory
academic progress, and maintain credit worthiness.
AIMS Loan Program (download pdf)
TSLP Loan Program (download pdf)
Private Loans Criteria
The North American Office of Financial Aid is constantly seeking to obtain private educational private
loans to meet part of their cost of attendance. These private loan programs are all credit based and are
offered only to students who have a satisfactory credit history as determined by the lender. These loans
have repayment terms that begin following graduation or withdrawal from school and may be extended
up to 20 years. The North American Financial Aid Office provides financial aid counseling services to
students in order to help them understand the eligibility requirements, terms and conditions.
The Financial Aid Office offers the following guidelines for financial planning and credit review
guidelines for US students.
Financial planning guideline (download pdf)
Credit planning guideline (download pdf)
Canadian Citizenship
Canadian students attending St. Martinus University are eligible to apply for Canadian government
funding through their province of residence. These loans are awarded through the Ministry of Education
of each province. These loans are interest-subsidized by the Canadian government while the student is
enrolled in school and maintaining satisfactory academic progress as determined by the individual province.
Eligible Canadian students can also apply for a credit line through their bank. Interested students should
contact their banks and provincial Canadian Student Loan offices for details and applications.
For those who have the financial means, St. Martinus University offers the Fidelity Reward Program that
allows for substantial savings.
TSLP Loan Program (download pdf)
Fidelity Reward Program (download pdf)
International Citizens
There are only limited resources available to offer financial aid to International Citizens. The University
supported Tuition Support Loan Program (TSLP) provides some assistance.
For those who have the financial means, St. Martinus University offers the Fidelity Reward Program
that allows for substantial savings.
TSLP Loan Program (download pdf)
Fidelity Reward Program (download pdf)
Residents of the Netherlands Antilles
Residents of the Netherlands Antilles, in particular the island of Curacao, are eligible to apply for the
Sisters Scholarship. This scholarship has both a grant and a loan component. Eligible students can
cover a substantial portion of the cost of attendance through this scholarship program.
Sisters Scholarship Program PDF
University-Sponsored Loan Programs
Tuition Support Loan Program
Students who are residents or citizens of countries other than the United States may receive small loans
for partial tuition from the University. The loans do not have to be repaid until the student graduates or
otherwise separates from the University. The loans accrue interest at 6.5%. The amounts of the loans
vary, but they generally do not exceed one third of the tuition and fees.
Scholarships
The University offers a variety of institutional scholarships designed to recognize academic excellence
and provide access to the best and brightest students regardless of circumstance. In addition to
University-Sponsored Scholarships, we have worked to procure unique scholarship opportunities for our
students.
A small number of partial tuition scholarships and loans are granted to members of each entering class.
Awards for the full cost of attendance are not offered. In order for a student to plan in advance for the
financial obligations associated with attending St. Martinus University, most applications and awards are
made prior to their matriculation in the School.
All awards must be used to defray the cost of tuition and are credited directly to the student's account each
term by Student Financial Services. Awards are made for the length of the student's entire curriculum and
prorated on the term/academic year schedule. The award letter will outline the distribution of the award.
The Department of Financial Aid, in consultation with the school's Financial Aid committee, makes the
selection of award recipients.Award determinations are based on academic excellence, the degree of the
family's financial need and the availability of funds from the School, as well as each scholarship's specified criteria.
A student's ability to finance his/her education beyond the extent of the financial aid award is also an important
selection criterion. Applicants should be aware that the funding is limited, and the quality of the applicants is
generally very competitive. Unfortunately, awards cannot be made to every deserving student.
Applications will
be accepted from either applicants or accepted students. Applications are reviewed on a rolling
basis up until the first day of classes. Applicants will receive either an award letter or a letter of declination from the
Department of Financial Aid in a timely manner.
General Student Financial Aid and Scholarship Application (download pdf)
The MED EXCEL Scholarship of Excellence
St. Martinus University offers exceptional students the opportunity to receive the MED EXCEL Scholarship of Excellence
to award academic achievement. This partial-tuition scholarship is awarded to enrolled students who demonstrate the
commitment and dedication necessary to achieve academic excellence by achieving the required grade point average
and participating in the St. Martinus Research Scholar program.
The MED Excel Scholarship of Excellence is based on academic merit and students' commitment to their
school and to their chosen profession. The goal of this Scholarship is to provide high-achieving students with
the means to impact the medical profession in noble and humanitarian ways.
The University has attracted some of the brightest medical students from around the world. In support of the goal to
continually enable students of the highest academic caliber to pursue their career goals without excessive financial
burdens, we have developed this Scholarship. Enrolled students are invited to apply for the MED-EX Scholarship
of Excellence and become a St. Martinus Research Scholar.
MED EXCEL Scholarship Program (download pdf)
The President's Circle
The President's Circle Scholarship, is automatically awarded to enrolling students that have completed a
Bachelor of Science program from a college or university that has an articulation agreement with St. Martinus University.
The student is required to have an overall undergraduate GPA of 3.7, and a 3.5 science GPA.
President's Circle Scholarship Program download (pdf)
The Sister's Scholarship
In 1842 the order of Sisters of Roozendaal established the first school of the Dutch Caribbean, later to be named the
St. Martinus College. Their dedication to excellence in education served as the inspiration for the St. Martinus University
Faculty of Medicine. The scholarship program honors the Sisters and celebrates their legacy. Because the Sisters
served the community of the Dutch Caribbean, and in particular Curacao, this scholarship is available to Dutch
citizens that reside (were born) in the Dutch Caribbean.
Over the fifteen years starting from the commencement of the program in 2003, SMU will award partial scholarships
and loans to qualifying students who are accepted by SMU's Admission Committee.
Sisters Scholarship Program (download pdf)
The Martinus International Scholarship Program
Academically gifted students with limited resources deserve the ability to reach their potential. SMU recognizes this,
and that's why the University launched The Martinus International Scholarship Program (MISP).
The program
includes partial scholarships and loans, which will be awarded to students entering the Doctor of Medicine program.
The scholarships will provide well-trained doctors to enhance healthcare delivery in developing nations.
These doctors will be well equipped not only to help individual patients, but to contribute to their nation’s healthcare
systems as a whole.
The Scholarship and Financial Aid Committee established by the University awards the scholarships.
A prospective scholarship candidate must be a resident of an Asian or African country who has been accepted to
St. Martinus University Faculty of Medicine. SMU will maintain strict adherence to its admission requirements.
Award determinations will be made by the St. Martinus University Scholarship and Financial Aid Committee
based primarily on academic excellence, financial need and the student’s commitment to field of medicine.
Prospective scholarship candidates must be accepted to St. Martinus University Faculty of Medicine and
submit
a scholarship/financial aid application, along with a 500 word essay the topic "how I expect to
contribute to the
global healthcare", no later than 30 days before the semester begins.
MISP Scholarship Program (download pdf)
General Student Financial Aid and Scholarship Application (download pdf)
Tuition and Fees
Premedical/Curacao |
Clinical Program/US or Europe |
||
Per Term (20 credits) |
$4,200 + $600 fees |
Term 6 (CM-1) |
$8,750 |
Per Credit |
$200 |
Term 7 (CM-2) |
$8,750 |
|
Term 8 (CM-3) |
$8,750 |
|
Preclinical/Curacao |
Term 9 (CM-4) |
$8,750 |
|
Term 1 (MD-1) |
$8,150 |
Term 10 (CM-5) |
$8,750 |
Term 2 (MD-2) |
$8,150 |
Term 11 (CM-6) |
$8,750 |
Term 3 (MD-3) |
$8,150 |
|
|
Term 4 (MD-4) |
$8,150 |
Health Insurance |
Included |
Term 5 (MD-5) |
$8,150 |
Malpractice Insurance |
Included |
Per Credit |
$275 |
Graduation Fee |
to be det. |
(USMLE review) |
|
White Coat Ceremony |
to be det. |
|
|||
Books Approx. per term |
$750 |
||
The following
represents administrative/student fees per term:
Premedical $600 Preclinical $850 Clinical $950
Cost of attendance
St. Martinus University's Basic Sciences program consists of five 15-week semesters that are taught on the
campus in Curaçao. The Clinical Sciences program consists of 72 weeks (six 12-week semesters) that can
be completed in hospitals in the U.S., Canada, the U.K., the Netherlands and South Africa.
Other countries may be added from time to time depending on such factors as availability and student interest.
The following is the cost of attendance as of January 1, 2009:
St. Martinus University Faculty of Medicine (Curaçao) Estimated Costs of Attendance
(MD Program) 2009 by Semester (US$)
| Medicine (MD) | MD-1 | MD-2 | MD-3 | MD-4 | MD-5 | MD-6 | MD-7 | MD-8 | MD-9 | MD-10 | MD-11 | TOTAL |
| Tuition | 7,300 | 7,300 | 7,300 | 7,300 | 7,300 | 7,800 | 7,800 | 7,800 | 7,800 | 7,800 | 7,800 | |
| Fees | 850 | 850 | 850 | 850 | 850 | 950 | 950 | 950 | 950 | 950 | 950 | |
| Books | 800 | 300 | 600 | 300 | 600 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Room | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | |
| Board/Food/Ent. | 2,200 | 2,200 | 2,200 | 2,200 | 2,200 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | |
| Transportation | 100 | 100 | 100 | 100 | 1,750 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
| Miscellaneous | 500 | 500 | 500 | 500 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
| Graduation Fee | .... | ..... | ||||||||||
| MD Program COA | 14,150 | 13,650 | 13,950 | 13,650 | 16,100 | 15,550 | 15,550 | 15,550 | 15,550 | 15,550 | 15,550 | |
| Total MD COA | $164,800 |
St. Martinus University, Faculty of Arts and Science (Curaçao) Estimated Costs of Attendance
(Pre-Med Program) 2009 by Semester (US$)
| Pre-Med (B.Sc.) | Pre-Med 1 | Pre-Med 2 | Pre-Med 3 | TOTAL |
| Tuition | 4,200 | 4,200 | 4,200 | |
| Fees | 600 | 600 | 600 | |
| Books | 500 | 500 | 500 | |
| Room | 2,400 | 2,400 | 2,400 | |
| Board/Food/Ent. | 2,200 | 2,200 | 2,200 | |
| Transportation | 100 | 100 | 100 | |
| Miscellaneous | 500 | 500 | 500 | |
| Pre-Med COA | 10,500 | 10,500 | 10,500 | |
| Total Pre-Med COA | $31,500 |
Remarks:
| 1 | "Fees" in Basic Sciences (MD-1 through MD-5) include: health insurance (US$350); administrative fee (US$150); lab fees (US$215); technology/internet fee (US$100); and Student Government Association fee ($35). |
| 2 | "Fees" in Clinical Medicine (MD-6 through MD-11) include: health insurance through AMSA (US$400); administrative fee (US$150); technology/internet fee (US$50); and medical malpractice insurance (US$350). |
| 3 | Cost of Attendance estimates are for student only. Additional allowances are made for dependents or partners. |
| 4 | Local Curaçao students are exempt from the health insurance fee. Students who can document having valid comparable health insurance at the destination can sign a waiver and be exempt. |
| 5 | These estimates are only for the Curaçao campus and rotations in the United States. There may be surcharges for certain rotations at some hospitals. The cost of clinical rotations also vary based on the country in which the rotations are taken. (see below) |
| 6 | Graduation fee (B.Sc) is for graduation in Curaçao and includes whitecoats, diploma, and up to two guests |
| 7 | Cost of Attendance totals will be increased to include loan administration and wire fees. |
| 8 | There will be a surcharge, yet undetermined, for the USMLE review course |
Cost of Clinical rotations
Clinical tuition is as follows as of September 2009:
| A | Clinical Rotations in the USA and Canada are US$7800 per 12-week Semester. The costs have been increasing in recent years, and this may be increased further depending on the type and location of the rotation. |
| B | Clinical Rotations in the Netherlands are EUR 6000 (approximately US$ 8,400) per 12-week Semester. This surcharge is due to higher cost and exchange difference in Europe. |
| C | Clinical Rotations in the UK are GBP 6000 (approximately US$ 9000) per 12-week Semester. This surcharge is due to higher cost and exchange difference in Europe. |
| D | Clinical Rotations in Africa (South Africa) are US$7800 per 12-week Semester. |
Payment Plans
Fidelity Reward Program
St. Martinus University offers a loyalty program to students that can afford to pre-pay their tuition.
This leads to substantial financial savings for prospective students. Tuition generally rises by
2% to 3% a year, which results in a 10% increase over a 4 year period. When joining the Fidelity
Reward Program (FRP) a student enjoys an immediate 15% savings on tuition and locks in current
tuition rates, which is equivalent to an additional 10% savings over time. Students generally choose
to join the FRP prior to enrolling in the MD program. Joining the program after first enrollment may
affect the level of savings allowed.
Fidelity Reward Program (download pdf)
Tuition Due Date and Late Payment Fee
Tuition and fees are invoiced 45 days before commencement of the term and are due 15 days before
commencement of the term. In case of late payment a late fee of $100 will be charged.
Early Payment Reward
Early payment of tuition and fees is rewarded by a $250 (3%) discount. Early payment is defined as
30 days prior to commencement of the term.
Payment by Credit Card or Pay-Pal
The school reserves the right to pass on processing fees of credit cards.
Local Monthly Payment Plan
Local students are eligible for the Monthly Payment Plan (MPP) which allows tuition to be paid in monthly installments or by monthly credit card installments plus 1% interest per month. Generally, pay-as-you-go is only available for local students with a standing bank payment instruction. In case a credit card is used, a charge of 4% will be charged to cover credit card processing fees.
Local Monthly Payment Plan (download pdf)
MED-EX Scholarship
Students with a 3.2 GPA or better at enrollment are eligible for up to $4,000
from the MED-EX Scholarship Program. This scholarship is available in limited
numbers each semester and is granted on, among others, academic qualifications
and financial need.
Funds available for MED-EX are extremely limited.
Although a student might be eligible, he/she should not assume that this means that a MED-EX scholarship request will be granted. Written applications must be received by the University in advance.
The following guidelines apply:
- After completion of the first semester, $1,000 per semester.
- Must maintain a 3.0 GPA while enrolled at SMU
- Must be a full-time student.
- Must be in good standing at all times.
MED-EXCEL Scholarship
If a student is able to maintain a 3.6 GPA or better at SMU, he or she is eligible
for up to $8,000 from the MED-EXCEL Scholarship Program. This scholarship is
available in limited numbers each semester and is granted on, among others, academic
qualifications and financial need.
- Maintain a GPA of 3.4 (available after completion of the first semester.)
- $ 2,000 per semester.
- Must be a full-time student.
- Must be in good standing at all times.
Martinus Scholarship Program
The Martinus Scholarship Program has been provided for by the Sisters of Roosendaal.
This program provides both a scholarship and loan to students born in the Netherlands
Antilles of Dutch Nationality. This program provides a scholarship of $20,000
and a loan of $40,000 to eligible students who have been selected. Selection
is made based on student's overall merit and financial need. Funds available
for Martinus Scholarship Program are extremely limited and is only available
for students born on the island of Curaçao
Although a student might be eligible, he/she should not assume that this means
that a Martinus Scholarship Program request will be granted. Written applications
must be received by the University in advance.
Monthly Local Payment Plan
(Available to residents born in Curaçao, with Dutch Nationality)
The “Local Payment Plan” program has been designed for local residents with an eligible co-signer who is able to make payments automatically from withholdings of monthly salary through the local banking system. Payments
may be as low as Naf. 1,125 per month. Conditions and restrictions apply.
Fidelity Reward Program
The Fidelity Reward Program is designed for students of sufficient
financial means and a strong academic background that wish to commit to completing
their Medical Education at St. Martinus University. Students participating
in this program will receive a substantial financial benefit for pre-paying their
tuition. Benefits include a 10% reduction in overall
tuition charges for the Medical Program. Students receive an exemption regarding
any future increases in program costs in upcoming years. Terms and conditions
apply. Click HERE (download pdf) for
more details, or please contact the Admissions Office for more information.
Fidelity Reward Program
General Introduction
The terms and conditions applicable to the Fidelity Reward Program for the academic year 2008 are set forth below. The “Fidelity Reward Program” (“Fidelity Pre-payment Plan” or in short “Fidelity Reward”) is a program suitable for students of sufficient financial means with a strong academic background that wish to commit to completing their education at St. Martinus University, and wish to obtain a financial benefit from pre-paying their tuition. The following are the general guidelines that apply to this program:
- The student has proven his or her academic potential in previous institution/program, and has fulfilled the academic criteria of St. Martinus Univerisity
- By entering into this program the student is entering into a contractual agreement to complete the MD degree at St. Martinus
- The student backs up this commitment by making a pre-payment of all tuition due for the complete program in order to secure certain financial advantages
- All regular rules and regulations, academic requirements and provisions for advancement and promotion continue to apply to the student
- Take advantage of a substantial financial reduction of tuition charges for the program
- Not have to worry about increases in program costs in upcoming years
The following are the specific terms and conditions that apply to this program:
- Responsibilities of the Student
- It is the student’s responsibility to remain in good standing at all times and to follow all the rules and regulations of the University, including the academic regulations and guidelines, attendance and dress codes, and honor code.
- The student understands and accepts that obtaining a MD degree requires hard work and dedication. The student is prepared to commit to completing the MD degree requirements of the University.
- The student will at all times try to avoid academic probation or having his/her overall grade point average drop below 1.80.
- The student will refrain from actions that could lead to being expelled or to dropping out of the program.
- It is the student’s responsibility to remain in good standing at all times and to follow all the rules and regulations of the University, including the academic regulations and guidelines, attendance and dress codes, and honor code.
- Responsibilities of the University
- The University commits to administer a quality education according to the standards set by the University.
- Fair treatment of the student according to the guidelines of the University.
- In case a serious reason exists for the student to withdraw from the program, the University will extend its cooperation to the student. Such reason should be acceptable and to the satisfaction of the University.
- The University commits to stick to the tuition charges as they stand today. Any tuition in the future will be absorbed by the University and will not be passed on to the student.
- The University commits to administer a quality education according to the standards set by the University.
- Admission and Other Applied Criteria
- The student has to follow the same application procedure and adhere to the same admissions standards as any other student that applies to the University
- The student understand and accepts that no exceptions will be made in admissions process, nor will any admissions or academic advantage be given to students that opt for the Fidelity reward program.
- A student that opts for the Fidelity reward will continue to be eligible for any merit based scholarship program offered by the University.
- A student that opts for the Fidelity reward will no longer be eligible for any need based scholarship or be eligible for any loan or financial aid programs available through the University.
- The student must comply with all other financial obligations promptly (such as payment of fees, and – if applicable - room and board) as per the regulations of the University.
- The student has to follow the same application procedure and adhere to the same admissions standards as any other student that applies to the University
- Fidelity Reward Criteria
- Once the student has gained admittance to the MD program ( or the Pre-Medical program ) the student is eligible to take advantage of the Fidelity Reward.
- Applications for participation in the Fidelity Reward Program are processed through the Admissions office upon acceptance of a student’s application for admission. Final approval and acceptance on part of the University is processed through the office of the Bursar ( CFO ).
- New students that make payment of their complete tuition in advance of starting the program can obtain substantial reduction of total tuition amount after application of applicable scholarships.
- The student must make payment at least 30 days prior to start of the first semester at the University.
- The student understands and accepts that this reduction in tuition is granted by the University based on the commitment of the student to complete his or her MD degree at the University. The tuition paid is not refundable to the student once paid.
- The student must take courses in sequence as deemed acceptable to the Promotions Committee of the University.The pre-payment of tuition allows the student to take all mandatory courses that form part of the MD program once. In case any course has to be retaken the student will be liable to pay for that course again based on regular per credit tuition cost.
- If the student drops a course during the semester, this will be subject to the regular refund policy rules applied by the University.
- Once the student has gained admittance to the MD program ( or the Pre-Medical program ) the student is eligible to take advantage of the Fidelity Reward.
- Refund Policy relating to Fidelity Reward
- In case of early termination of the agreement for a valid reason any remaining tuition credit will be refunded to the student based on the following criteria set forth below.
- A 15% administrative cancellation fee will be levied based on the originally agreed upon fidelity tuition amount.
- The student will be charged for courses taken at the regular (full) rate per credit hour applicable at the time the course was taken.
- In order to be eligible for refund the student must withdraw from the program, and must inform the Dean of the program of a true and valid reason for withdrawal.
- Refund will be made to the student or the part that has made the payment on behalf of the student. In case a third party is involved (parents, guardian, financial institution) this will have to be made in consultation with that party.
- In case of early termination of the agreement for a valid reason any remaining tuition credit will be refunded to the student based on the following criteria set forth below.
- General Articles
- The University reserves the rights to modify the terms and conditions of the Fidelity Rewards program or cancel the program at any time.
- The University reserves the right to limit the number of students that are accepted on the Fidelity Reward Program in any given academic year.
- This program is subject to the laws of the Netherlands Antilles and Aruba
- The University reserves the rights to modify the terms and conditions of the Fidelity Rewards program or cancel the program at any time.