Finance

At ITU, we’re proud to offer competitively priced graduate programs. We also offer scholarships and payment plans to help you fund your education.

Special tuition discounts are available for California residents, veterans and active-duty members, employees of the Silicon Valley Organization (SVO) member organizations, as well as full-time police officers, firefighters, and public paramedics.

Department of Finance Services Office

Scholarships and Financial Aid

California Resident Financial Support (CRFS)

California Resident Financial Support (CRFS) is a 25% tuition financial support for California residents. Residents are defined as individuals who have resided in California for at least one year, and possess either a green card or US Citizenship. Applicants need to provide proof at the initial time of application.  Financial Supports apply only to courses and not to fees.  Any reversals for course(s) will also include the reversal of Financial Support.  Only one Financial Support can be allowed per student per degree obtained at ITU.  ITU does not allow applicants to receive multiple Financial Supports. 

Alumni Financial Support (AFS)

Alumni Financial Support (AFS) is a 25% tuition financial support for Alumni of ITU. This support is received at the beginning of the trimester. Financial Supports apply only to courses and not to fees.  Any reversals for course(s) will also include the reversal of Financial Support.  Only one Financial Support can be allowed per student per degree obtained at ITU.  ITU does not allow applicants to receive multiple Financial Supports. 

First Responders Financial Support (FRFS)

First Responders Financial Support (FRFS).  First Responders & their Immediate Family will receive 50% tuition financial support.  This will include police, firefighters, first responders, medical personnel, prospective medical personnel who are currently practicing, veterans* and any active military.  *who receive honorable discharge.  Financial Supports apply only to courses and not to fees.  Any reversals for course(s) will also include the reversal of Financial Support.  Only one Financial Support can be allowed per student per degree obtained at ITU.  ITU does not allow applicants to receive multiple Financial Supports. 

Student Referral Financial Support (SRFS)

Student Referral Financial Support (SRFS). Student Referral Financial Support applies when a current ITU student (referrer) refers a prospective new student (referee) to attend ITU.  The referrer and referee each receive $350 credit toward a course at ITU.  Both students will receive the financial support in the referee’s second consecutive trimester at ITU (after the add/drop date for that trimester).  Applicants need to provide proof at the initial time of application.  Financial Supports apply only to courses and not to fees.  Any reversals for course(s) will also include the reversal of Financial Support.  Only one Financial Support can be allowed per student per degree obtained at ITU.  ITU does not allow applicants to receive multiple Financial Supports.

Alumni Referral Financial Support (ARFS)

Alumni Referral Financial Support (ARFS).  Alumni Referral Financial Support applies when a graduating ITU student or ITU alumni refers a prospective new ITU student.  The referrer will recieve $350 and the referee will receive $350 toward a course at ITU.  Both parties will receive the financial support in the referee’s second consecutive trimester at ITU (after the add/drop date for that trimester).  Applicants need to provide proof at the initial time of application.  Financial Supports apply only to courses and not to fees.  Any reversals for course(s) will also include the reversal of Financial Support.  Only one Financial Support can be allowed per student per degree obtained at ITU.  ITU does not allow applicants to receive multiple Financial Supports.

Presidential Scholarship (PSFS)

Presidential Scholarship (PSFS). The Presidential Scholarship is a 25% Financial Support for continuing ITU Master’s students who began their studies on F1 visas but are awarded an H1-B visa during the course of their studies. Doctoral applicants with H1B visas are also eligible for this financial support! For H1B students (who stay enrolled or are returning) will be eligible to receive a 25% financial support for the next trimester after receiving their H1B. Financial Supports apply only to courses and not to fees. Any reversals for course(s) will also include the reversal of Financial Support. Only one Financial Support can be allowed per student per degree obtained at ITU. ITU does not allow applicants to receive multiple Financial Supports.

Accepted Forms of Payment

Credit/Debit Cards and e-Checks

  • ITU does accept credit cards, debit cards and e-Checks at a 3% charges processing fees. ITU uses various outside Financial Institutions to process the credit/debit card, and e-check payments. The 3% charges is collected to pay these institutions for their services.
  • Students must use their own credit card for payment, except: students may pay using their spouses’ or immediate family members’ credit cards. However, the spouse or immediate family member must be present to sign the credit card authorization if payment is made in person at the Department of Finance Services.
  • VISA, MasterCard, AMEX, and Discover are accepted.
  • International credit card payments are accepted via Flywire.

e-Check Payment

  • An e-Check is a one-time authorization to automatically debit your savings or checking account.
  • You will need to provide your United States checking/savings account number and the ABA (routing and transit) number.
  • Your ATM/Debit card number is NOT your checking or savings account number. Double check your account and ABA number.
  • Bounced e-Checks (for any reason) are subjected to a bounced check penalty fee of $50 each.

Wire Transfers

  • International payments are accepted via Flywire, but is for current students only.
  • After you have sent your wire transfer, please send a copy of the wire transfer confirmation from your bank to the Department of Finance Services via this link (Freshdesk group: Accounting).
  • Your payment will be applied to your student account once payment is received by the University.
  • Bank wire transfer: Students may wire transfer payment directly to ITU bank account. No 3% processing fee charges. For information about ITU bank account, contact the Finance Department.

    NOTE: Refunds for international wire transfers (when applicable) will only be issued by wire transfer back to the originating account. No exceptions. Students are responsible for any fees incurred for a wire transfer refund. Refunds by wire transfer may take up to 3 months due to the receiving banks’ policies and practices.

Cash

  • Cash payments are only accepted in person at the Department of Finance Services.
  • DO NOT send cash by mail.
  • No 3% processing fee charges.

Personal Checks

  • Checks are made payable to “International Technological University”.
  • Check payments can be mailed to the Department of Finance Services.
  • Checks must be dated the day the payment is made.
  • Student ID should be included on the check.
  • Checks are deposited the business day following the payment date.
  • Students who have a bounced check due to non-sufficient funds will no longer be eligible to make any payments by check for their remaining tenure at ITU.
  • A bounced check fee of $50 will apply to each bounced check due to non-sufficient funds.
  • In the case of non-sufficient funds, the entire balance on a student’s account must be paid in full by cash, cashier’s checks, traveler’s checks, money orders, or wire transfers.

Cashiers Checks, Money Order, Travelers Checks

  • Checks should be made payable to “International Technological University”.
  • Payments are accepted by mail to the Department of Finance Services, with the exception of Traveler’s Checks.
  • For Traveler’s Checks, the student must submit payment in person, due to the need to endorse each check at the time of payment.

International Online Payments: Flywire

International Technological University has partnered with Flywire to offer an innovative and streamlined way to make international tuition payments. Flywire’s mission is to save international students and their families money that would otherwise be lost on bank fees and unfavorable foreign exchange rates. With Flywire, you are offered excellent foreign exchange rates, allowing you to pay in your home currency (in most cases) and save a significant amount of money, as compared to traditional banks.

If you have any questions about making international payments with Flywire:

Phone: (800) 346-9252 or (617) 207-7076
Email: support@flywire.com
Help: Flywire.com/help

No matter your time zone, you will have a dedicated multi-lingual customer support team available to you – reachable 24/7 via live chat, Skype, email and phone to answer any of your questions.

For more information, contact Flywire

Payment Installment Plan

Installment Plan Policy

  • Each installment plan is subject to a per-trimester Installment Plan Administrative Fee of $100.
  • Installment Plans are only offered to students with good financial standing with ITU. Students who have a bounced check record on their account due to non-sufficient funds are not eligible for any installment plans for the remainder of their tenure at ITU.
  • Students are responsible to make sure they have enough money in their bank account for the post-dated checks. If a student drop a class after the last day to add/drop and last day to request for refund, the student will still owe the school the balance and any default on payment will be subject to collection.
  • Any student who wishes to pay using an installment plan must download, print, and complete a Promissory Note, and bring the completed form to the Department of Finance Services.
  • Each installment plan consists of a minimum of two (2) to a maximum of three (3) installments.
  • Students must submit all their installment plan checks along with their first payment. The checks should be post-dated and will only be deposited on the day the installment is due. If the due date falls on a weekend or holiday, the check will be deposited the following business day.
  • The installment plan process is not completed until the Installment Plan Promissory Note and all post-dated checks have been submitted to the Department of Finance Services.
  • Students who wish to cancel an installment check or switch payment, must contact the Department of Finance Services and complete the process prior to the installment due date.

Installment Plan Payment Schedule

  • The first installment is due on the day of registration, and the amount must be equal to or greater than three (3) units of tuition in addition to all of the mandatory fees, including student health insurance.
  • The second installment is due one (1) month after the first day of trimester, and the amount must also be equal to or greater than three (3) units of tuition.
  • The third installment is due two (2) months after the first day of trimester. Any remaining balance must be paid with this final installment.

Installment Payment – Current curriculum

INSTALLMENT PAYMENT PAYMENT WHAT’S IN EACH INSTALLMENT DUE DATE
1 $2,510 (first trimester), $2,507 (consecutive trimesters)

$2,100 – 3 credit hours

$200 – Technology Fee

$50 – Registration Fee

$15 – SGA Fee

$45 (first trimester), $42 (consecutive trimesters) – VTA Fee

$100 – Installment Plan Application Fee

Same day that student registers for classes
2 $2,100 $2,100 – 3 credit hours 1 month after 1st day of the trimester
3 $2,100 $2,100 – 3 credit hours 2 month after 1st day of the trimester
$6,710 (first trimester), $6,707 (consecutive trimesters)

  

Installment Payment – New curriculum

INSTALLMENT PAYMENT PAYMENT WHAT’S IN EACH INSTALLMENT DUE DATE
1 $4,310 (first trimester), $2,357 (consecutive trimesters)

$1,950 – 3 credit hours

$1,950 – 3 credit hours &ndash Nugget course

$200 – Technology Fee

$50 – Registration Fee

$15 – SGA Fee

$45 (first trimester), $42 (consecutive trimesters) – VTA Fee

$100 – Installment Plan Application Fee

Same day that student registers for classes
2 $1,950 $1,950 – 3 credit hours 1 month after 1st day of the trimester
3 $1,950 $1,950 – 3 credit hours 2 month after 1st day of the trimester
$8,210 (first trimester), $6,257 (consecutive trimesters)

Financial Policies

Taxes: 1098-T Information

The Form 1098-T is used by eligible educational institutions to relay information about their students to the IRS, as required by the Taxpayer Relief Act of 1997. Every year, ITU will automatically generate Form 1098-T for students who are either U.S. citizens or U.S. residents, or international students who fulfill the following criteria: a) have a valid social security number or ITIN on record with ITU; b) have made payments for 1098-T eligible tuition and fee charges in the reporting year.

To submit a social security number or ITIN to ITU, the student must complete a Form W-9S by providing their full legal name, current mailing address, SSN / ITIN, and student ID number. The form can be found on the IRS website at this address: https://www.irs.gov/pub/irs-pdf/fw9s.pdf

Every year, ITU will solicit Form W-9S from students who do not have an SSN or ITIN on record. In order for ITU to issue a Form 1098-T, a Form W-9S with the correct information must be received by the university by December 31st of the current reporting year.

Please do not email the Form W-9S; any forms sent via email will not be accepted. Due to highly sensitive information on the W-9S, it must submitted to Finance Services by one of the following methods:

1) Mail to:
2010 El Camino Real, #852
Santa Clara, CA 95050

or

2) Fax to:
(408) 400-2271

or

3) Submit it in person to the Finance Services office at the ITU campus

LATE FORM W-9S SUBMISSIONS

The deadline for universities to issue Form 1098-Ts is January 31st of the year following the reporting year. The IRS assess penalties to universities for every late Form 1098-T submission. While ITU will honor late requests and issue a Form 1098-T past the IRS deadline, ITU will assess a $50 late Form 1098-T request fee to offset the IRS penalty. Any initial Form W-9S submitted after December 31st of the calendar year requested is considered a late request, and will have this fee assessed.

Financial Hold

Student accounts will be subject to financial holds in cases of:

  1. Non-payment of fees, or
  2. A partial payment of fees, or
  3. The student has an outstanding balance from a previous trimester.

Students who have provided a wire transfer confirmation, or signed up for the Installment Plan (and provided post-dated checks) will not be placed on Financial Hold.

When a Financial Hold is placed on a student’s account, the student will remain enrolled in their courses, however, the student will no longer be able access the following services until the student’s account balance is paid in full:

  1. Add/drop courses online via MyITU
  2. Obtain transcripts, grades, diplomas, or verifications of enrollment.

The student must clear their account balance via MyITU, or submit payment in person at the Department of Accounting Services. Once the student’s account balance is paid and cleared, the Financial Hold will be removed.

Termination of Student Status for Non-Payment of Tuition and Fees

Students who do not pay tuition and fees, or make payment arrangements with the Department of Accounting Services within 30 days after the first day of class, will have their student status terminated. A final e-mail notice will be sent 7 days before the deadline by the Student Records Office and/or Department of Accounting Services. There will be no extensions for the deadline.

Terminated students for non-payment of tuition and fees will have their academic progress discontinued.

Withdrawal and Refund Policy

  1. Students will be given a 100% refund if a class is canceled by the University.
  2. Amounts refunded are calculated based upon the time the student dropped their class(es) or withdrew from the University. Please refer to the schedule below.
  3. To withdraw from a class:
    • Log into MyITU and drop the class.
  4. To request a refund:
  5. If students have received federal student financial aid funds, students are entitled to a refund of money not paid from federal student financial aid program funds.

ITU’s refund schedule is as follows:

CLASS DROP DATE REFUND PERCENTAGE
Prior to the start of the trimester 100%
During the add/drop period (ending the second Sunday from the beginning of the trimester at 11:59PM) 100%
During the third week of the trimester (ending the third Sunday from the beginning of the trimester at 11:59PM) 80%
After the third week of the trimester 0%

 

NOTE:

  1. Internships are subject to the refund policy detailed above.
  2. Students who are separated from ITU as the result of disciplinary action forfeit all refund rights.
  3. All non-refundable fees will not be refunded.
  4. Refunds for international wire transfers (when applicable) will only be issued by wire transfer back to the originating account. No exceptions. Student is responsible for any fees incurred for a wire transfer refund. Refunds will be processed within 3 weeks. Please note that the release of the refunds depends on the receiving banks and this may take up to 3 months.

Receive one-on-one development support tailored to your individual needs and career aspirations

Career Cultivation provides one-on-one as part of the American STEM Initiative, you will receive career development support tailored to your individual needs and career aspirations. Students receive career support with career counseling, resume writing, mock interviews, coaching, and consultation, building confidence, developing soft skills, and providing mentorship for professionals at all stages in their careers. We help you to set goals and execute a plan that will lead you to a more rewarding career.

Visit our career services page for more information