2022–23 Graduate Academic Catalog Page 17 Financial Information 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 or 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 17). The following payment plan schedule was established to help graduate students with course schedules that encompass more than 10 weeks of instruction. Fall 2022 Spring 2023 First Payment Due: August 5, 2022 January 4, 2023 Second Payment Due: September 1, 2022 February 1, 2023 Third Payment Due: October 1, 2022 March 1, 2023 Fourth Payment Due: November 1, 2022 April 1, 2023 Summer 2023 First Payment Due: May 9, 2023 Second Payment Due: June 1, 2023 Third Payment Due: July 1, 2023 Making Payment Payment can be made by check, cash (in person at the Cashiers office), or online through the "View Student Account/Pay Bill" link on the University's student portal — myCU.cedarville. edu. Online payments can also be made using e-Check or on a major credit/debit card (Mastercard, Visa, and Discover) with a 2.5% convenience fee. For your protection, please do not mail cash. For more information, contact the Cashiers Office at 937766-7825. Please send payments made payable to: Cedarville University Attn: Cashiers 251 N. Main St. Cedarville, OH 45314 Note: Please remember to include your student ID number on any correspondence with our office. Invoices and Statements Online Students may view their student account activity, statement, and most recent transactions online "View Student Account/Pay Bill" link on the University's student portal — myCU.cedarville.edu. 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. Cedarville University, in accordance with the Veterans Benefits and Transition Act of 2018, will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a Chapter 31 or Chapter 33 recipient borrow additional funds to cover the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement of a payment by the U.S. Department of Veteran Affairs. This policy is limited to tuition funds paid by the U.S. Department of Veteran Affairs. Interest Rates An annual interest rate (currently 5% daily simple interest) will be charged from the beginning of the term in which the student first enrolled on any unpaid balance due. The rate increases to 5% monthly during the summer months and for non-current students. Veterans Training Benefits and Dependents Educational Assistance Cedarville University is approved under Title 38, Chapters 30, 31, 32, 33, 35, and 1606 U.S. Code for education of veterans and their dependents. Inquiries concerning eligibility should be directed to a Veterans Administration regional office or by calling (888)-4424551. Students planning to study under one of the education laws should receive approval prior to enrolling. A Veterans Administration training officer will contact the University on behalf of disabled students to facilitate this requirement for the student. Cedarville University students who are eligible for veterans’ benefits should contact the Office of the Registrar. For Veterans Administration reporting purposes only, students taking one 3-semester-credit course in an accelerated session of seven weeks are regarded as full-time for the duration of that course. Similarly, students taking one 4-semester-credit course in an accelerated session of four weeks are regarded as full-time for the duration of that course. Cedarville University, in accordance with the Veterans Benefits and Transition Act of 2018, will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a Chapter 31 or Chapter 33 recipient borrow additional funds to cover the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement of a payment by the U.S. Department of Veteran Affairs. This policy is limited to tuition funds paid by the U.S. Department of Veteran Affairs. Withdrawal Refunds Students who are either dropping a course or withdrawing from the University before the end of a semester may request a refund from the Cashiers Office. The effective date of withdrawal from the University is the confirmed last day of class attendance or academic activity as determined by the Registrar. In addition to any refund, withdrawal from a course or the University may have financial aid implications (see Federal Refund and Standards of Satisfactory Academic Progress). Tuition and course fee refunds are granted on the following schedule:
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