Tuition & Financial Aid
Marshall B. Ketchum University is a private, non-profit, independent, educational institution that does not seek, nor receive any direct government funding for its operations. Tuition and fees, however, cover less than half of the total operating expenses of the University. The balance of operating expenses are covered by contributions from individuals, corporations and foundations, as well as endowment income, investment income, and income derived from University clinics.
The Office of Financial Aid provides students with the financial services and advice that will help them best meet the educational expenses necessary to achieve their career goal of becoming outstanding Pharmacists.
How Financial Need is Determined
When you apply for financial aid, your FAFSA form is analyzed, along with supporting data you have submitted to determine the amount you and your family could contribute toward your educational expenses. Factors taken into consideration include income, number of family members, number of family members in college, and assets.
The MBKU Standard Budget includes tuition, fees, books, and supplies, plus a modest budget for living expenses. This budget, minus your expected family contribution and all outside resources, will equal your calculated "need."
While the occasion has not previously presented itself, the Board of Trustees of Marshall B. Ketchum University does reserve the right to change the tuition and fees or to establish additional fees for special features or services if deemed necessary.
How to Apply and Deadline Dates
Financial Aid forms are available in March with a late April deadline date to submit financial aid forms.
MBKU requires only student data on the FAFSA form. You should use actual income tax data, not estimated. You can go to the web site at www.fafsa.ed.gov to file your FAFSA electronically or obtain a FSA ID (username and password).
How to Contact Us
|Office Hours:||Monday-Friday 8:00 a.m. to 5:00 p.m.
|MBKU Code Numbers:||Title IV Code for FAFSA - 001230
|Address:||Marshall B. Ketchum University
College of Pharmacy
ATTN: Financial Aid Office
2575 Yorba Linda Blvd.
Fullerton, CA 92831-1699
Full tuition and fees are due and payable prior to the start of each quarter. Interest will be charged on outstanding balances. A student may not proceed from one academic year to the next without having fully paid the previous year's tuition and fees. Any exceptions must have prior approval of the administration. It is the student's responsibility to make the necessary arrangements for tuition and fee payments on a timely basis so as not to impede his/her academic progress. Advance payment of tuition and fees may be made online at CASHNet. Tuition paid by third parties is billed annually at the beginning of the academic year.
Tuition Prepayment Policy
Any student wishing to prepay his/her tuition for one, two, or three years beyond the current year's tuition may prepay his/her future tuition at the current year's tuition rate provided the full payment for the current year and for each subsequent year(s) is received by the Controller no later than thirty (30) days following the opening of the school year. Future annual tuition increases will not be charged to those students who have elected to fully prepay their future tuition.
Any student who is dismissed or officially withdraws from the program, as per the requirements stated in the MBKU Catalog, will have his/her prepaid tuition returned, except for the current year's tuition, which will be refunded as per the policy stated in the current catalog.
Late Payment of Tuition Fee
A late tuition payment fee of $50 per quarter will be charged to any student who has not paid his or her tuition and fees in full within ten (10) days of the due date set by the Controller.
All unpaid balances of any kind against a student's account must be paid in full each quarter before final examinations can be taken, university credits transferred, transcripts sent, or graduation can occur. A service charge of 1.5% will be made each month on any outstanding balance. Students whose accounts are delinquent are subject to suspension from the University. Under no circumstances may a student graduate who has an unpaid balance of any amount.
Tuition Refund Policy
For official withdrawals, tuition refunds will be pro-rated at intervals of two (70%), three (50%), four (30%), and five (10%) weeks from the date the quarter begins. A withdrawal is considered official when written notification has been received by the Director of the School of Physician Assistant Studies stating the student's intention to withdraw from the program.
Return of Title IV Funds
The 1998 Reauthorization, section 484B, requires federal aid recipients to "earn" most of the aid they receive by staying enrolled in the university at least half time. Students who withdraw prior to completing 60% of the quarter for which they received federal student aid may be required to return some of the aid they were awarded. MBKU will restore to the appropriate federal fund source a proportional share of institutional charges that the borrower has paid. This "return of Title IV aid" will reduce the outstanding loan balances. If there is an amount still owed to the government after MBKU returns funds, the student will be responsible to return portions of unearned funds. If you are entitled to a refund from the University, any refund will be first applied to your obligation to return "unearned" aid before you receive money back. Thus, portions of institutional refunds may be applied on your behalf to your outstanding Direct Loan and Perkins Loans and not actually refunded directly to you. Non-federal aid is not included in the calculation. Students whose Title IV aid consists only of Federal Work-Study (FWS) earnings are not included in the calculation.
Marshall B. Ketchum University College of Pharmacy’s Doctor of Pharmacy program has been granted Precandidate status by the Accreditation Council for Pharmacy Education, 135 South LaSalle Street, Suite 4100, Chicago, IL 60503, 312/644-3575; FAX 312/664-4652, web site www.acpe-accredit.org. Granting of Precandidate status brings no rights or privileges of accreditation as associated with either candidate status or accredited status. Precandidate status indicates only that planning has taken into account ACPE standards and guidelines and suggests reasonable assurance of moving to the next step, that of Candidate status. Since Precandidate status does not create any rights of accreditation under the ACPE standards, it is the opinion of ACPE that graduates of programs of Colleges or Schools of Pharmacy that bear Precandidate status do not meet the educational requirements for licensure..