2003-2004 Graduate Academic Catalog

- Page 12 - longer enrolled and during the summer months on all student accounts. P AYMENT O PTIONS Payment in Full is the most popular payment plan. This plan involves paying the full amount due as indicated on the Student Invoice within the first two days of the academic term. Prepayment Incentive Credit Plan (PIC- Plan) enables students to earn interest on student accounts that have a credit balance of $500 or more. Interest earned is credited monthly. This plan operates automatically as soon as the student has a credit balance of $500 or more on the first day of a calendar month. Prepayments can be made anytime. All payments are credited immediately to the student’s account. The University reserves the right to limit the amounts deposited under the PIC-Plan. Interest rates are established on a semester basis beginning January 1, April 1, July 1, and August 1. Please call 937-766-7665 for the current rate. For more details please request a current PIC-Plan brochure from the Cashier’s Office. W ITHDRAWAL R EFUNDS : T UITION AND C OURSE F EES Students withdrawing from the University before the end of a semester may request a refund from the Cashier’s Office. Refunds may be requested anytime after the beginning of a semester. The effective date of the withdrawal from the University is the last day of class attendance as determined by the Academic Services Office. Processing of refunds will begin the third week of the semester. Tuition and course fee refunds for withdrawal are granted on the following schedule for courses offered on a regular semester basis (inquire at the graduate office for courses offered on a special term basis): Amount Dates 100% Last class day of the 1 st class week 75% Last class day of the 2 nd class week 50% Last class day of the 3 rd class week 25% Last class day of the 4 th class week None Anytime beginning the 5 th class week and beyond Course offerings changed or deleted by the University entitle a student to a full refund of tuition and related course fees. Students withdrawing from a course or courses will be granted a full tuition refund to apply toward courses added. If the new total hours are fewer than the original total, the above refund schedule will apply. Other Fees All other fees are not refundable except for withdrawal within the first calendar week of the semester. F EDERAL R EFUND P OLICY In addition to the overall institutional policy requirements, the following regulations mandated by the United States Department of Education are applicable. When a refund is due a student under Cedarville University’s refund policy and the student received financial aid under federal Title IV funds, a portion of the refund shall be applicable to the Title IV programs based on a federal formula, except the university work study program. Revision as of 8/21/2003