2000-2001 Academic Catalog

Interest Rates An annual interest rate of 13% (1.083% per month) will be charged from the beginning of fall quarter to the end ofspring quarter on accounts ofstudents enrolled in the current quarter. An annual interest rate of 15% (1.25% per month) will be charged during the academic year on accounts ofstudents no longer enrolled; and, during the summer months on all student accounts. Payment Plans Students may take advantage of one of two payment plans: I. 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 (quarter). Payment envelopes available on campus during registration enable students to send checks through intracampus mail and avoid standing in lines. 2. Three-Pay Plan makes it possible for students to pay their university bill in three payments spread over 60 days. An interest charge of 1.083% per month is made on the unpaid balance. First Pavment: At least one-third of the amount the student is required to pay is due at financial registration. This is the amount of the student's bill remaining after federal loans, financial aid grants, and scholarships are deducted. When this payment is made, the student has completed financial registration. A late payment charge of $20 is assessed if the first payment is not made by the end of the financial registration period. Second Payment: The student is required to pay the second third within four weeks of financial registration. A late payment charge of $20 is assessed to all accounts that do not meet this criteria. An interest charge of 1.083% per month is made on the unpaid balance. Third (final) Payment: The remaining balance owed by the student is due within eight weeks of financial registration. A late payment charge of $20 is assessed on all student accounts with a balance remaining after this deadline. An interest charge of 1.083% per month is made on the unpaid balance. The use of the Three-Pay Plan constitutes a debt obligation of the student to the University and is payable in terms as stated. Each parent and each student must consider and understand the full cost and obligation of the commitment being made. 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 quarterly basis beginning January I, April 1, July 1, and October I. Please call 937-766-7665 for the current rate. For more details please request a cmTent PIC-Plan brochure from the Cashier's Office. Withdrawals from a Student Account (Credit Balance) Students may withdraw funds from their account ifthe account has a credit balance. Cash withdrawals totalling $50 maximum may be made on a weekly basis. No more than two cash withdrawals may be made in a week. No withdrawals are allowed during the week of financial registration. Withdrawals of amounts greater than $50 are issued by check upon request in person, by e-mail, or by telephone from the cashier's office. Check processing normally requires one or two full business days. New Student Reservation Deposit Refund A rese1vation deposit must be submitted by new students as an indication ofthe intention to enroll. The amount ofthe deposit is $250. This money will be credited to the student's account and used to cover first quarter expenses. A student must submit a reservation deposit in order to be registered for courses. Financial Information 203 The reservation deposit is fully refundable ifthe request for refund is received in writing before the reservation deposit deadline. Requests for refunds received after the reservation deposit deadline are partially refundable ($150 ofthe $250 deposit) until the refund date. No refunds are available after the refund dates. Reservation deposit submission deadlines and refund dates are as follows: Term Fall Quarter Winter Quarter SpringQuarter Summer Session I Summer Session II Deadline May! November 1 Febrnary 15 May15 Julyl5 Continuing Student Reservation Deposit Refund Refund date August 15 December 1 March 1 June I August 1 Full (100%) refunds will be made to continuing students who notify the University by July I oftheir cancellation. If a continuing student notifies the University between July 2 and August 15 oftheir intention not to return fall quarter, $100 of their deposit will be refunded. No refunds will be made after August 15. Withdrawal Refunds Tuition and Science LaboratolJ' Fees Students withdrawing from the University before the end of a quarter may request a refund from the Cashier's Office. Refunds may be requested anytime after the beginning of a quaiter. The effective date of the withdrawal from the University is the last day of class atten– dance as determined by the Academic Services Office. Processing ofrefunds will begin the third week of the quarter. Tuition and scienct; laboratory fee refunds for withdrawal are granted on this schedule: Refund Fall 2000 Winter 2001 Spring 2001 100% tlm1 Sept. 29 thrn Jan. 12 thru Mar. 30 75 % thru Oct. 6 thrn Jan. 19 thruApr. 6 50% thru Oct. 13 thrnJan. 26 thrnApr. 13 25% thru Oct. 20 thrnFeb. 2 thrnApr. 20 No Refund after Oct. 20 after Feb. 2 after Apr. 20 Course offerings changed or deleted by the University entitle a student to a full refund oftuition 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. Board Board charges will be refunded on a prorated weekly basis. Board weeks begin on Sunday and end on Saturday. Board refunds are computed based on the last day ofresidency. Board contracts are required for all students living in the residence halls. Students may choose either a 14 or 21 meal plan per week. Room Rooms are rese1ved for each student for an entire quarter. No refund of room rent is made except in cases of severe illness or incapacity. Written confirmation of the illness or incapacity must be provided by the director of patterson clinic or a physician. Room rent will then be refunded on a prorated basis. Other Fees All other fees are not refundable except for withdrawal within the first calendar week of the quarter. Federal Refund Policy Programs included: I. Federal Pell Grant 2. Federal SEOG Grant 3. Federal Perkins Loan 4. Federal Stafford Loans 5. Federal Parents PLUS Loan