Tuition and Fees

At Caribbean Medical University we designed the tuition fee structure in a "student friendly" way, that makes a dream of medical career more affordable to every student willing to study medicine. School tuition fees are due and payable prior to the beginning of each semester. Other school fees are due by the due date on the invoice, usually within 30 days. All students paying tuition and fees are entitled to University services, facilities such as Student Center, Laboratories, Library Services, Computer Rooms, Activities Center and other education related services. Required fees must be paid by all students.

The table below specifies the tuition, school fees and other student expenses per semester unless otherwise specified.

2008 Fees Schedule		Medical Science
2008 Fees Schedule	Premed	Basic Science	Clinical Science
Tuition Fees	$4,900	$5,900	$6,900
Student Government Fee	$40.00	$40.00	n/a
Health / Malpractice Insurance ¹	$180.00	$180.00	$290
Dormitories Rates ²	$2200.00	$2200.00	n/a
School Fees
• Application Fee	$75.00	$75.00	$75.00
• Enrollment Reservation Fee ³	$1000.00	$1000.00	$1000.00
• Registration Fee (one time)	$700.00	$700.00	$700.00
• Kaplan Materials (5th semester)	n/a	$1000.00	n/a
• Graduation Fee	$250.00	$250.00	$380.00
Estimated Expenses
Required Textbooks	$500.00	$600.00	N/A
Off-Campus Housing⁴	$600.00	$600.00	$800.00
Air Fare /roundtrip/	$600.00	$600.00	N/A

¹ Health Insurance is mandatory while on the island. Students can either enroll in the Health Insurance Plan provided by the University or provide a proof of their private coverage. Malpractice Insurance Plan provided by the Caribbean Medical University is mandatory for all Clinical Rotations Students..

² Per semester. The rate for single room includes water, electricity, A/C, Internet, Direct TV and cleaning.

³ A non-refundable enrollment reservation fee by the date specified in the acceptance letter to secure a place in class or rotations. At registration, it will be applied to the cost of tuition for students who matriculate to Caribbean Medical University.

⁴ Average rent per month /utilities not included/.

Other Fees

Late Payment Fee

U.S. $200 (applied only when past due date)

Late Registration Fee

U.S. $250 (applied when not registered within one week of classes or when not attended scheduled rotation.

Deferment Fee

A $500 non-refundable fee to be paid with any request to defer the matriculation date after payment of the enrollment fee.

Dormitories Security Deposit

A security deposit of $500 is payable to reserve the dorms.

Lab Coat Fee

One time U.S. $40 Lab Coat Fee is required for all Basic Science students.

CMU Cell Phone Plan

U.S. $80/semester including unlimited free calls in CMU network and free phone.

Average Cost of Living

Cost of living varies from student to student but on average you will need to budget about $700.00 US to $1000.00 US per month however roommates, conserving their utilities, cooking at home, and budgeting daily spending will help bring these costs down. The cost of transportation will vary depending on the ways to commute. Every student has different needs, so these amounts are ONLY meant as an average.

Payment Options

The Bursar's Office is responsible for billing and collection of student fees. Payments may be made by cash, check, money order, bank draft, auto-debit, ACH, wire transfer or major credit card. A student approved for loans but waiting for disbursement may provisionally register for classes.

Checks, Money Orders, Bank Drafts

Those payment instruments should be made payable to Caribbean Medical University School of Medicine. Please write your student id or account number in the memo field to allow us properly apply the payment.

Returned Checks: A $25 fee will be assessed to the student's account for each returned check.

Auto-debit

Hassle-free tuition payments with CMU auto-debit. Discount will be given to students, who instruct the University to automatically deduct the tuition from their checking, savings account or credit card.

Checking or Savings Discount: 5% of the balance due;
Credit Card Discount : 3% of the balance due;

ACH

For your convenience, you pay school's fees over the phone by calling our U.S. Office or online at MYCMU Student Services.

Credit Cards

For your convenience, you may also use major credit cards to remit payments of the school tuition and fees. Payments can be made over the phone by calling our U.S. Office or online at MYCMU Student Services Website.

Withdrawals and Refunds

Students who wish to withdraw from the school are required to obtain a withdrawal form and return it with appropriate signatures of the correct office. Premedical and Basic Science students should obtain a Withdrawal Form online or from the Registrar's Office on Curacao. Clinical students should contact the U.S. Office to obtain a withdrawal form for signature and return.

Students officially withdrawing from the University will be credited for tuition and refundable fees in accordance with the following schedule, less the Enrollment Reservation Fee:

Before the first day of class - 100%;
Within the first week of the enrollment period - 80%;
Within the second week of the enrollment period - 60%;
Within the third week of the enrollment period - 40%;
Beyond the 3rd week of the enrollment period: No Refund;

Important: Caribbean Medical University does not penalize students in any way for transferring out or withdrawing from the school.

CMU Health Insurance Plan Premium will be fully refunded if a student officially withdraws from the University within 14 days of the first day of the enrollment period. Thereafter the premium is non-refundable.

Housing Fees, including security deposits, will be refunded according to the percentage set out in tuition refund policy.

CMU Cell Phone Plan Fee will be fully refunded if a student officially withdraws from the University within 7 days of the first day of the enrollment period. Thereafter the fee is non-refundable.

CMU will provide a refund within 30 days from the date of an official refund request, approved by the Financial Department. If a student takes AWOL (Absent Without Official Leave), no refund will be provided.

Disclaimer

Failure to pay current semester charges may cause your schedule to be cancelled. Unpaid charges on your account may prevent you from registering for an upcoming term. Defaulters may not be able to register for classes and are liable for a penalty of $200. Official requests, like transcripts, grade reports, etc. may not be issued until all dues are cleared.

Please Note: Caribbean Medical University reserves the right to change tuition and other fees as well as refund policy at any time, without prior notice.

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