College of Micronesia-FSM
Federated States of Micronesia
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The primary responsibility in financing the costs of postsecondary education rests with students and their families. However, COM–FSM administers three U.S. Federal Student Aid Programs to help students with limited financial resources seek financial assistance to pursue their post secondary education with COM–FSM. Financial Aid Office at COM–FSM is tasked to help, assist and process all applications for financial assistance in accordance with COM–FSM Student Financial Aid Handbook. The Student Financial Aid Handbook, available at Financial Aid Office, provides complete information on (1) how to apply for U.S. Federal financial assistance, (2) the costs of education with COM–FSM and (3) the calculation of financial awards to students and other important information concerning financial assistance.
FINANCIAL AID PROGRAMS
Federal Pell Grant: Pell Grant is U.S. grants to help undergraduate students who have not earned a bachelor’s or professional degree pay the costs of post secondary education.
Federal Supplemental Educational Opportunity Grant (FSEOG): This grant, in addition to Pell Grant, is given to students with exceptional financial need who enrolled in college level program prior to June 25, 2004. Students will continue to receive this grant for not more than four academic years.
Federal Work Study: The program provides the opportunity to apply for part-time employment and earn money to pay for their educational cost. Eligible students are those who already enrolled in a college level program prior to June 25, 2004. This program will continue for not more than four academic years.
Supplemental Education Grant (SEG): Under the Amended Compact, students who enroll after June 25, 2004 are not eligible to receive assistance under FSEOG and Work Study. However, the U.S. provides a discretionary annual grant to the FSM to provide a system of education assistance benefits equal in quality with FSEOG and Federal Work Study through SEG.
CFSM Student Assistance: Annual appropriation from FSM National Government to the College to be used as scholarship grant to FSM students.
State Scholarships: State scholarships are processed and awarded by Pohnpei, Chuuk, Kosrae and Yap States to the students from their respective states.
TUITION AND FEES
Tuition and fees are set by COM-FSM Board of Regents.
Tuition Fee: The current tuition fee of $95 per credit was adopted by the Board on December
2006 and was implemented effective Spring 2007. Below is the schedule of tuition fees based on
certain number of credits:
Entrance Test/Admission Fees:
Admission Fee: A $10.00 fee must accompany an application for admission at the College.
Registration Fee: A $15.00 per semester registration fee has to be paid at the time of registration for both full-time and part-time students. This helps defray the cost of enrolling students in classes, recording of grades, maintaining student records, and other expenses relative to the Office of Admissions and Records, Financial Aid Office and Business Office.
Health Fee: A $15.00 per semester health fee has to be paid at the time of registration by students at campuses where student health care and counseling are available. However, charges incurred by the student at the hospital or private clinics are the responsibility of the student.
Student Activity Fee: A $20.00 student activity fee has to be paid at the time of registration by all students each semester at the campus where student activities are provided. The fee provides student’s access to all COM – FSM student curricular and extracurricular activities.
Technology Fee: A $50.00 fee per semester/session is charged to all students to have access to computers. This fee helps the College maintain up-to-date and adequate technology facilities for students.
Laboratory Fee: Students taking science, and agriculture laboratory courses are required to pay a fee of $25.00 for each laboratory course.
Fees Charged When Applicable:
Residence Hall/Dormitory Security Deposit: Students applying to live in the residence halls must pay a security deposit of $50.00. When moving out of the residence halls, the security deposit shall be refunded. Request for refunds must be in writing and submitted to Dormitory Manager who will assess the room for damages and cleanliness. Business Office will process a check for refund of the security deposit upon receipt of clearance from the Dormitory Manager.
Late Registration Fee: Students who register after the last day of scheduled registration are charged a late registration fee of $5.00.
Auditing Fee: Students who are allowed to audit a course will be charged $20.00 per credit for the course.
Credit-By-Examination Fee: A non-refundable fee of $15.00 per course will be required when students apply to earn credit-by-examination.
Graduation Fee: $36.50 fee is required for all students receiving a diploma for an associate degree or a third-year certificate of achievement in any program. $10.00 fee is required for students completing other certificate of achievement programs. The fee must be paid when filing an application for graduation.
Transcript Fee: No fee is charged for the first request for a transcript. However, $4.00 fee is charged for each subsequent request.
Duplicate ID Fee: A $5.00 duplicate ID fee is charged to replace a lost ID card.
Duplicate Diploma Fee: A $ 15.00 duplicate diploma fee is charged to duplicate lost diploma.
No Sufficient Fund (NSF) Check Fee: A $15.00 fee is assessed for each check payment made by students that are returned by the bank for insufficient funds or for closed account.
REFUND OF FEES POLICY
Below are the tuition and fees that are refundable:
The percent of refund of the above refundable fees is determined according to the timing of withdrawal using the following schedule:
Regular Semester (Fall/Spring): If students withdraw from school:
Summer Session: If students withdraw from school:
Full refund will be given if changes are made in the published schedule of classes which results in the complete withdrawal by the student. Partial refund for the difference in tuition and applicable fees will be given to students who revert to part-time status as a result of changes in the published schedule by the College.
The College will not assess penalty charges when the student is not in error or at fault. Requests for refund should be made in writing to the Vice President for Student Services within fifteen days after the changes occur. The College assumes no liability for such refund after fifteen days have passed without the written request for the refund.
The following fees are not refundable:
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