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Forfeiture of Funds
Looking for information on EPIC fees and payment? See Fees on the EPIC website.
Effective July 1, 2010, funds in an applicant’s ECFMG financial account will be available for a period of two years to pay for applications submitted or services requested. Any funds not used during a two-year period will be forfeited to ECFMG; this means that the applicant will lose those funds. The two-year period is calculated from the date that funds are received at ECFMG. For funds already in an applicant’s account on the July 1, 2010 effective date, the two-year period is calculated from this effective date. If an applicant has funds in his/her account and submits an application or requests a service, ECFMG will use the funds with the earliest receipt date to pay for the application/request.
Examples: An applicant made a payment of $1,000 to her ECFMG financial account on April 15, 2012. On May 9, 2012, she submitted an application for USMLE Step 1, which cost $790. The applicant has until April 14, 2014 to either use the remaining $210 balance or request a refund. If she does not, these funds will be forfeited to ECFMG.
An applicant made a payment of $295 to his ECFMG financial account on July 2, 2010. He made another payment of $2,000 on July 10, 2010. On July 28, 2010, he submitted an application for USMLE Step 2 CS, which cost $1,295. The $295 from his earlier payment and $1,000 from his later payment were used to pay for this exam registration. The applicant had until July 9, 2012 to either use the remaining $1,000 balance or request a refund. He did not and, as a result, these funds were forfeited to ECFMG.
An applicant had a balance of $1,700 in her ECFMG financial account when this policy took effect on July 1, 2010. On August 15, 2010, the applicant submitted an application for USMLE Step 1 and Step 2 CK, which cost a total of $1,480. The applicant had until June 30, 2012 to either use the remaining $220 balance or request a refund. She did not and, as a result, these funds were forfeited to ECFMG.
It is your responsibility to monitor the status of your ECFMG financial account. You can check the status of your account, including dates on which payments were made to your account, using OASIS. A refund request should be made to claim any funds that will not be used prior to the expiration of the two-year period. See Refunds.