Scholarship and Finance

California Resident Scholarship 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 or H1B. Applicants need to provide proof at the initial time of scholarship 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. 

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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. 

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The Presidential Scholarship provides upto 25% Financial Support for continuing ITU Master’s and Doctoral students who began their studies on F1/J1 visas.  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 is a Merit based scholarship awarded for students with academic excellence. The scholarship application and documents are reviewed and approved by the presidential scholarship committee.

Scholarship Criteria:

GPA required: 3.5 (Previous trimester or overall GPA from their previous degree).

English Proficiency scores: 120 Duolingo or 90 IBT TOEFL or 7.5 Bandwidth IELTS (Waived for US degree holders).

 

Note: 

• Students have to maintain a minimum GPA of 3.0 to continue receiving any scholarship. If the GPA drops to below 3.0, the scholarship will be automatically removed from the following trimester. 
• Only one scholarship type can be submitted or held at any given trimester.
• Change in Visa status may affect your existing scholarship eligibility. Please check with the Bursar office for your scholarship application eligibility.

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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 through ECSI (Educational Computer Systems, INC) 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.

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, The form must be 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) 886-9209

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 process Form 1098-Ts through ECSI is January 31st of the year following the reporting year. Any initial Form W-9S submitted after December 31st of the calendar year is considered a late request and will have a $50 fee.

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.

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.

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:
   • Submit the Student Refund Request Form to the Department of Finance Services.
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:

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.

• Students who are enrolled in the new ITU Master Program curriculum fall 2020 are charged $650/credit hour.
• Starting the fall trimester, 2022, new students are charged $2,550 upfront for 3 credit hours of the required Nugget courses at the time of enrollment in the first trimester of their program. This tuition fee will be applied to 2 credit hours of Nugget classes and 1 credit hour of ITU Presents, and it will never expire. This is a nonrefundable fee, and will be charged once in the first trimester at the same time of other nonrefundable fees, such as technology, SGA, etc. If students choose the installment method payment, the tuition fee of $2,550 for the 3 credit hours nugget course will be paid in the first installment.
• Existing students who opt into the new Masters Program Spring 2022 Curriculum are charged $850/credit hour for classes
  • No refund will be given to students who were accepted under the previous master’s program and have taken classes of $650/credit hour.
  • No pre-charge of 3 credit hours for these opted-in students. The tuition fee for the 3 credit hours will be charged at the time of enrollment.
• Existing students who continue with their Curriculum prior to Fall 2020 are charged $700/credit hour for all classes. They can still take nugget classes, ITU Presents, and short term internships. The same tuition fee of $700/credit hour applies to the nugget classes, ITU Presents and short term internships courses.