2007-2008 Academic Catalog

Financial Information Financial Information 236 Cedarville University 2007-08 Financial Information University Financial Operation 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.........................................$615 Audit tuition per semester credit................................................308 Fees Application fee...........................................................................$30 Board per semester Group A Meal Plans.............................................................1,163 Group B Meal Plans............................................................1,050 Car registration fee per semester................................................35 Drop/add (course) fee ...................................................................5 Late payment fee.........................................................................35 Late registration...........................................................................50 Lost room key..............................................................................50 New student fee Commuting student – Fall Semester........................................90 Commuting student – Spring Semester...................................70 Resident student – Fall Semester..........................................120 Resident student – Spring Semester........................................80 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................................................308 *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 Institutional Costs Estimated basic costs for the academic year of 2007-08 (excluding transportation, personal expenses, books, and laboratory fees): Tuition (based on an average of 32 semester hours).........$19,680 Board (14 meals per week).....................................................2,100 Room .....................................................................................2,684 Total Estimated Costs. .....................................................$24,464 Miscellaneous Costs Other yearly expenses may be estimated as follows: Books and supplies..................................................................$900 Personal expenses (including clothing, recreation, and personal items) Note: laundry included with room.............................1,450 Transportation (based on area of residency)....................... various Financial aid may be available to help defray 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 2007 Spring 2008 First Payment Due: August 1, 2007 January 1, 2008 Second Payment Due: September 1, 2007 February 1, 2008 Third Payment Due: October 1, 2007 March 1, 2008 Fourth Payment Due: November 1, 2007 April 1, 2008 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 online 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 card, or debit card (convenience fees apply) over the phone or via the Internet. For your protection, please do not mail cash. Please send payments made payable to: Tuition Management Systems P.O. Box 70900 Philadelphia, PA 19176-5900 *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 For more information on payment options, visit the cashier’s office website at www.cedarville.edu/cashiers . Notification of the University Bill Students who pre-register will receive 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 CedarInfo and selecting “View your student account.” Invoices and Statements Online Students may view their student account, most recent invoice, and most recent transactions online using CedarInfo. Students may also assign their parents a password, giving them access to their student account and invoices. Parents can view this information by logging onto the campus homepage through their own Internet service provider. Student Costs