Payment Process

CIMBA uses the University of Iowa billing system, called the U-Bill, via the MyUI Student Information System. Upon acceptance, you will receive instructions on how to access and pay your U-Bill. Some universities have special billing arrangements with CIMBA so remember to visit the CIMBA and Your University page to identify exceptions and special procedures that may apply based on your home university.

The payment schedule is as follows:
Application fee: $40 non-refundable fee paid at the time of application (non-UI students only)
Initial payment: $500 due within two weeks of commitment (filling out the commit to enroll form on your CIMBA portal)
Final payment: This will be paid using the U-Bill. Due dates can be found on your U-Bill.

You may provide guest user access to your U-Bill so parents can have direct access to the billing system.

CIMBA offers flexible payment options for students. Deferrals of payment until financial aid is received is the first option. You may be able to defer part of your payment based on the amount of financial aid you are receiving. For this option, you must turn in a completed Financial Aid form. You may not defer the initial payment or any amount that exceeds the verified amount on the Financial Aid form completed by your financial aid office.

Another option is to pay your U-Bill in equal installments through the Deferred Payment Plan (2 payments for summer, 3 payments for semester programs). If you choose this payment option, you do not need to contact the CIMBA office – simply divide the total amount due into equal installments (1/3 for semester programs, or 1/2 for summer programs), and begin payments on the first U-Bill due date. Paying an amount less than the Statement Balance automatically enrolls your account in the Deferred Payment Plan. Please note: a $20 Deferred Payment Fee will be assessed on your last payment if you choose this option.

You may also both defer payment until financial aid is received as well as divide the remaining balance into a payment of equal payments.

Payments may be submitted via MyUI, or they can be mailed to our payment processing center. Personal checks, cashiers check and money orders are accepted.   

Mail checks to:
The University of Iowa
Payment Processing Center
PO Box 14409
Des Moines, IA 50306-3409.

**Please include the student’s University of Iowa ID number on the check. **

To learn more about payment options, contact cimba-italy@uiowa.edu

Refund Policy

We understand that emergencies and unexpected circumstances come up and sometimes our students are unable to attend. We are available to speak with you individually about your circumstances and will help in any way we can. If you are unable to attend and need to withdraw, contact the Ivy College of Business International Programs Office at 1-515-294-2652

The amount of the program fee that will be refunded is determined by the guidelines listed in the table below. The $40 application fee (non-UI students only) is non-refundable. The CIMBA office will reverse any refundable charges on the U-Bill within one week of withdrawal from the program. If your U-bill shows a credit balance, you must email billing@uiowa.edu to request a refund check. In the e-mail, be sure to include your name, University of Iowa ID, and the address to which you would like the refund sent.

 

Undergraduate Semester
Fall	Spring	Refundable	Non-Refundable
Prior to August 1	Prior to December 15	All but Application Fee	$40 Application Fee
August 1 to day prior to program start	December 15 to day prior to program start	Payments in excess of $250	$250
Session start date	Start date	None	ALL