Financial Information

Disclosure

World Mission University has no pending petition in bankruptcy, has not operated as a debtor in possession, has filed no petition within the preceding five years, or has had no petition in bankruptcy filed against it within the preceding five years that resulted in reorganization under Chapter 11 of the United States Bankruptcy Code (11 U.S.C. Sec. 1101 et seq.).

Schedule of Current Charges

All tuition and fees are mandatory and are subject to change without prior notice.

General Schedule

Student Right to Cancel

You have the right to cancel your agreement for a program of instruction, without any penalty or obligations, through attendance at the first class session or the seventh calendar day after enrollment, whichever is later. After the end of the cancellation period, you also have the right to stop school at any time; and you have the right to receive a pro rata refund if you have completed 60 percent or less of the scheduled days in the current payment period in your program through the last day of attendance.

Cancellation may occur when the student provides a written notice of cancellation, by mail or by hand delivery, at the following address:

500 Shatto Place, Suite 600
Los Angeles, CA 90020.

Withdrawal from the Program

You may withdraw from the school at any time after the cancellation period (described above) and receive a pro rata refund if you have completed 60 percent or less of the scheduled days in the current payment period in your program through the last day of attendance. The refund will be less admission fee and application fee. If the student has completed more than 60% of the period of attendance for which the student was charged, the tuition is considered earned and the student will receive no refund.

For the purpose of determining a refund, a student shall be deemed to have withdrawn from a program of instruction when any of the following occurs:

• The student notifies WMU of the student’s withdrawal or as of the date of the student’s withdrawal, whichever is later.
• WMU terminates the student’s enrollment for failure to maintain satisfactory progress; failure to abide by the rules and regulations of the institution; absences in excess of maximum set forth by the institution; and/or failure to meet financial obligations to WMU.
• The student has failed to attend class for three (3) consecutive weeks.
• The student fails to return from a leave of absence.

Refund Policy

For the purpose of determining the amount of the refund, the date of the student’s withdrawal shall be deemed the last date of recorded attendance. The amount owed equals the daily charge for the program (total institutional charge, minus non-refundable fees, divided by the number of days in the program), multiplied by the number of days scheduled to attend, prior to withdrawal. For the purpose of determining when the refund must be paid, the student shall be deemed to have withdrawn at the end of three (3) consecutive weeks. If the student has completed more than 60% of the period of attendance for which the student was charged, the tuition is considered earned and the student will receive no refund.

If any portion of the tuition was paid from the proceeds of a loan or third party, the refund shall be sent to the lender, third party or, if appropriate, to the state or federal agency that guaranteed or reinsured the loan. Any amount of the refund in excess of the unpaid balance of the loan shall be first used to repay any student financial aid programs from which the student received benefits, in proportion to the amount of the benefits received, and any remaining amount shall be paid to the student. If the student has received federal student financial aid funds, the student is entitled to a refund of moneys not paid from federal student financial aid program funds.

Payment Schedule

All tuition and fees are due at registration. Full-time students who are financially unable to pay all tuition and fees at registration may be allowed to pay by installment as follows:

For new students:
1/2 tuition plus all fees at registration
1/4 tuition by the end of the 4th week
1/4 tuition by the end of the 8th week

All New F-1 international students must pay their tuition in full at the time of registration.

For continuing students:
1/3 tuition plus all fees at registration
1/3 tuition by the end of the 4th week
1/3 tuition by the end of the 8th week

Students will not be permitted to register for a new semester unless all financial obligations of prior semesters at the school have been settled.

If a student fails to pay the remaining balance by end of the 8th week, 3% interest will be charged each month until the student has paid the balance in full.

Financial Assistance

WMU offers financial aid and a variety of institutional scholarships semi-annually to both incoming and current students for the purpose of achieving better quality of education. The conditions for receiving this assistance differ with each scholarship. Applicants may obtain information and applications by writing to or visiting the Registrar’s office.

The qualifications for awarding institutional scholarships are based on the following:

1. Be actively involved in WMU community.
2. Be registered as a fulltime student (minimum of 12 credits undergraduate and 9 credits graduate).
3. Have not received any disciplinary actions during prior semester.
4. Have registered as a fulltime student during the previous semester and earned a minimum G.P.A of 2.5 or higher.
5. Not have any outstanding balances or incomplete student files.
6. Maintain satisfactory academic progress.
7. Submit a completed application on time.
8. New students are not eligible to receive institutional scholarships during their first semester of studies.
9. Meet other qualifications as specified.

Scholarship

The total scholarship amount cannot exceed the student’s total amount of tuition. Scholarships are awarded at the beginning of each semester and recipients will receive the credit for the amount of the scholarship toward their tuition.

Joo Eun Scholarship
This scholarship established in memory of Jin Bong Kim is awarded to a student who wants to be involved in missions work. To qualify the student must have completed 24 credits of study with a G.P.A. of 3.8 or higher and have been in a mission-related ministry for more than 3 years. The scholarship recipient will receive 50% off of tuition until the student finishes his or her program. The student must maintain a G.P.A. of 3.8 or above. If the student’s G.P.A falls below 3.8, the scholarship will be rescinded.

Scholastic Achievement Scholarship
In recognition of scholastic achievement, one student is chosen at the end of each regular semester. A minimum G.P.A of 3.9 is required. The amount of the scholarship is determined by the scholarship committee. The student who enrolled in the greater number of credits and number grade will be considered in case of a tie.

Overseas Mission Scholarships
This scholarship is awarded to missionaries who have served more than 3 years overseas, who enroll at WMU and plan to return to the mission field upon graduation. The Scholarship Committee will review each applicant at the beginning of each semester. The recipient will be awarded between 30-50% of his/her tuition.

Family Scholarship
The student couple scholarship is awarded to one member of the student couple when both are registered as full-time students. A 50% tuition discount is given to the lesser or the two student’s tuition for the specific semester. Both students must maintain a G.P.A of 2.5 or higher. If the G.P.A falls below 2.5, the scholarship will be rescinded.

Pastor’s Scholarship
WMU awards Pastors or wives of pastors a scholarship of 30% off of total tuition. Children of pastors also receive 30% off of total tuition.

Designated Scholarship
The amount, duration and guidelines of each scholarship are determined by the sponsor.

The following are the current designated scholarships:
1. Jae Soon Scholarship
2. Bong Mo Scholarship
3. Kyoung Ae Scholarship
4. Sung Hwan Scholarship
5. Yong Jang Seoung Scholarship
6. Soon Ja Scholarship
7. Kun Joon Scholarship
8. Dong Soon Scholarship
9. Kuem Soon Scholarship
10. Dae Soon Scholarship

Scholarship Applications

All applicants for scholarships must attain a 2.5 GPA or higher in the previous semester. Students desiring to receive financial assistance must submit a scholarship application. The application is available in the school office.

Student Tuition Recovery Fund

You must pay the state-imposed assessment for the Student Tuition Recovery Fund (STRF) if all of the following applies to you:

1. You are a student in an educational program, who is a California resident, or are enrolled in a residency program, and prepay all or part of your tuition either by cash, guaranteed student loans, or personal loans, and
2. Your total charges are not paid by any third-party payer such as an employer, government program or other payer unless you have a separate agreement to repay the third party.

You are not eligible for protection from the STRF and you are not required to pay the STRF assessment, if either of the following applies:
1. You are not a California resident, or are not enrolled in a residency program, or
2. Your total charges are paid by a third party, such as an employer, government program or other payer, and you have no separate agreement to repay the third party.

The State of California created the Student Tuition Recovery Fund (STRF) to relieve or mitigate economic losses suffered by students in educational programs who are California residents, or are enrolled in a residency program, attending certain schools regulated by the Bureau for Private Postsecondary Education.

You may be eligible for STRF if you are a California resident or are enrolled in a residency program, prepaid tuition, paid the STRF assessment, and suffered an economic loss as a result of any of the following:
1. The school closed before the course of instruction was completed.
2. The school’s failure to pay refunds or charges on behalf of a student to a third party for license fees or any other purpose, or to provide equipment or materials for which a charge was collected within 180 days before the closure of the school.
3. The school’s failure to pay or reimburse loan proceeds under a federally guaranteed student loan program as required by law or to pay or reimburse proceeds received by the school prior to closure in excess of tuition and other cost.
4. There was a material failure to comply with the Act or this Division within 30 days before the school closed or, if the material failure began earlier than 30 days prior to closure, the period determined by the Bureau.
5. An inability after diligent efforts to prosecute, prove, and collect on a judgment against the institution for a violation of the Act.