2005-2006 Academic Catalog

212 Financial Information Student Costs Financial Information University Financial Operating Policy The University keeps the application fee, tuition, room, board, and other fees as low as possible to be consistent with responsible operation. The revenue from students does not cover the total cost of operation. Individuals and churches who desire to share in the preparation of young people for effective Christian service in all walks of life partially support the University. Some funds are received from interested businesses, industries, and foundations. Student costs as stated are subject to change upon reasonable notification by the University. Student Costs Tuition *Regular tuition per semester credit .......................................... $535 Audit tuition per semester credit ................................................ $268 Fees Application fee ............................................................................. $30 Board per semester Group A Meal Plan ................................................................... 1,163 Group B Meal Plan ................................................................... 1,050 Car registration fee per semester ................................................. 30 Drop/add (course) fee ..................................................................... 5 Late payment fee ........................................................................... 35 Late registration ............................................................................. 50 Lost room key ................................................................................. 50 New student fee Commuting student–Fall Semester ............................................... 75 Commuting student–Spring Semester .......................................... 55 Resident student–Fall Semester ................................................ 105 Resident student–Spring Semester ............................................. 65 Payment plan enrollment fee ........................................................ 100 Reservation deposit ..................................................................... 250 Room deposit (refundable upon withdrawal) ............................. 100 Room per semester ................................................................... 1,342 Test-out fee per semester credit ................................................. 268 *Senior citizens may enroll in courses for credit or no credit on an available space basis at no tuition charge. Senior citizens are those individuals 62 years of age or older who are considered to be retired according to the Social Security Administration. Summary of Costs Basic Expenses Estimated basic costs for the academic year of 2005-2006 (excluding transportation, personal expenses, books, and laboratory fees): Tuition (based on an average of 32 semester hours) ................... $17,120 Board (14 meals per week) ................................................................ 2,100 Room ................................................................................................... 2,684 Total Estimated Costs ................................................................ $21,904 Other Expenses Other yearly expenses may be estimated as follows: Books and supplies .............................................................................. $800 Personal expenses (including clothing, recreation, and personal items) Note: laundry included with room ................... $1,300 Transportation (based on area of residency) ................................. various Financial aid may be available to help with university costs. See the Financial Aid section of this catalog for additional information concerning available funds and application procedures. Financial Registration Policy To enable the University to be responsible in meeting its financial responsibilities, students must make provision for the payment of their bill on the due dates established by the University each semester. A student’s registration for classes indicates a commitment to pay for related charges as stated in the University catalog. The following payment plan schedule was established to help students care for this responsibility: Fall 2005 Spring 2006 First Payment Due: August 1, 2005 January 1, 2006 Second Payment Due: September 1, 2005 February 1, 2006 Third Payment Due: October 1, 2005 March 1, 2006 Fourth Payment Due: November 1, 2005 April 1, 2006 A student is not considered financially registered until at least the first one-fourth payment has been received by the Cashier’s Office. Students who do not make financial arrangements for the first payment due on their university bill will not be permitted to attend the University. Failure to make subsequent payments could result in the loss of cafeteria and library privileges and the withholding of grades and on-line registration. Making Payment Students and parents now will be able to pay their University bill using a variety of payment methods, thanks to our relationship with Tuition Management Systems (TMS). Payments can be made by check, credit or by debit card (convenience fees apply) over the phone or via the internet. For your protection, please do not mail cash. Please send U.S. mail payments made payable to: Tuition Management Systems: Payment Processing Center P.O. Box 740443 Cincinnati, OH 45274-0443 *Please remember to include your student ID# and student name on all checks. Payment by phone option, please call: 1-800-463-6994 Payment by Internet, please visit: www.afford.com Notification of the University Bill Students who pre-register will recieve an invoice based on their pre- registration schedule 20 to 30 days before the semester begins. You are responsible for making your payments by the due dates. A statement of the student account is generated each month that the account has activity. Invoices and student statements are sent to the student at his/her campus post office box unless directed otherwise in writing. Students wishing to have their invoices and statements sent to their home address may obtain a form from the Cashier’s Office. You may view your student account history at any time by using “Cedar info” and selecting “ View your Student Account .” Invoices and Statements Online Students may view their student account, payment plan, most recent invoice, and most recent transactions online using the campus network. Students may also assign their parents a password, giving them access to their student account, invoices, and payment plan. Parents can view this information by logging onto the campus homepage through their own Internet service provider. Payment Penalties Students who fail to make acceptable payment arrangements within a reasonable period of time will be denied access to the cafeteria and library until such arrangements are made. Students who do not make payments by the stated due dates will be charged $35. Students with unpaid balances at the end of the semester could be denied enrollment in the next semester, grade reports, transcripts, or diploma. Past due accounts will also be responsible for any fees incurred in the collection of their past due account. Interest Rates An annual interest rate of 15% (1.25% per month) will be charged during the academic year on accounts of students no longer enrolled and on all student accounts during the summer months.