2014-2015 Graduate Academic Catalog

Page 12 2014–15 Graduate and Adult Programs Academic Catalog Graduate Programs Financial Information Financial Information University Financial Operating Policy Tuition and fees are kept as low as possible to be consistent with responsible operation of the University. The revenue from students does not cover the total cost of operation. The University is partially supported by individuals and churches who desire to share in the preparation of students for effective Christian service in all walks of life. Some funds are received from interested businesses, industries, and foundations. Student costs are subject to change upon reasonable notification by the University. See the Academic Programs section of this catalog for costs associated with specific programs. Financial Registration Policy To enable the University to be responsible in meeting its financial obligations, students must make provision for the payment of their bill at the beginning of each term. A student’s registration for classes indicates a commitment to pay for related charges as stated in this catalog (see Payment Penalties). Students must be financially registered prior to the start of classes each term. To be financially registered, a student must first do one of the following: • Pay his or her bill in full by the stated due date on the invoice, make at least the first payment plan due date • Make arrangements with the Cashiers Office for payment ( cedarville.edu/cashiers ) Students who do not make financial arrangements for the payment of their bill may not be permitted to attend classes and may be asked to withdraw from the University (see Payment Penalties on page 12) . The following payment plan schedule was established to help graduate students with course schedules that encompass more than 10 weeks of instruction. Fall 2014 Spring 2015 First Payment Due: August 5, 2014 January 4, 2015 Second Payment Due: September 1, 2014 February 1, 2015 Third Payment Due: October 1, 2014 March 1, 2015 Fourth Payment Due: November 1, 2014 April 1, 2015 Making Payment Payment can be made by check, cash (in person at the Cashiers Office) online through our EZPAY system at cedarville. edu/ezpay or on a major credit/debit card (Mastercard, Visa, and Discover) with a convenience fee. For your protection, please do not mail cash. For more information, contact the Cashiers Office at 937-766-7830. Please send payments made payable to: Attn: Cashiers Cedarville University 251 N. Main St. Cedarville, OH 45314 *Please remember to include your student ID number and student name on all checks. Invoices and Statements Online Students may view their student account, current invoice, and most recent transactions online using CedarInfo at cedarville. edu/cedarinfo . Payment Penalties Students not making financial arrangements by the first due date of the term will be charged a $25 late payment fee. Students with unpaid balances at the end of a semester may be denied enrollment in the next semester or denied grade reports, transcripts, and/or a diploma. Students will be responsible for any fees incurred in the collection of past due accounts. Interest Rates An annual interest rate (currently 13 percent or 1.083 percent per month) will be charged from the beginning of the term in which the student first enrolled on any unpaid balance due. Financial Aid General financial aid information is available from Cedarville University Financial Aid. Financial Aid serves as a resource center to assist students in exploring alternative sources of educational funding. All questions may be directed to Financial Aid at 937-766- 7866 or 1-800-444-2433. Visit the Graduate Admissions website at cedarville.edu/gradaid for specific information on loans and scholarships for graduate students or the FAFSA website at fafsa. ed.gov for general financial aid information. Student Rights • You have the right to know what financial aid programs are available at your college. • You have the right to know the deadlines for submitting applications for each of the financial aid programs available. • You have the right to know how financial aid will be distributed, how decisions on that distribution are made, and the basis for these decisions. • You have the right to know how your financial need was determined. This includes how costs for tuition and fees, room and board, travel, books and supplies, personal and miscellaneous expenses, etc., are considered in your budget. • You have the right to know what resources (such as other financial aid, scholarships, your assets, etc.) were considered in the calculation of your need. • You have the right to know how much of your financial need as determined by the institution has been met. • You have the right to request an explanation of the various programs in your student aid package. • You have the right to know your college’s refund policy. Student Responsibilities • You must complete all application forms accurately and submit them on time to the right place. • You must provide correct information. In most instances, misreporting information on financial aid application forms is a violation of law and may be considered a criminal offense which could result in indictment under the U.S. Criminal Code. • You must return all additional documentation, verification, corrections, and/or new information requested by either Financial Aid or the agency to which you submitted your application. • You are responsible for reading and understanding all forms that you are asked to sign and for keeping copies of them. • You must accept responsibility for all agreements that you sign. • You must perform the work upon which you agreed in accepting a University employment award. • You must be aware of and comply with the deadlines for application or reapplication for aid. • You should be aware of your college’s refund procedures.