Financial Policy
PAYMENT OF TUITION
Students pay tuition in full at the beginning each term, or they may pay fall and spring semesters in 25% monthly payment increments. The seminary accepts cash, money orders, checks, and Visa/Mastercard (students are encouraged to use credit cards only for payment convenience and not as a means of financing educational costs).
REFUNDS FOR WITHDRAWAL OR LEAVE OF ABSENCE
During any academic term, students must notify the Registrar in writing of their request for a leave of absence or of their withdrawal from courses or from the Seminary. They may receive a partial refund on tuition for that term. A refund will not be given if the student’s leave of absence is 60 days or less and is the only leave of absence taken in a twelve-month period.
PRO-RATE REFUND SCHEDULE
Students who withdraw or drop courses before 60 percent of a semester or term has elapsed will receive a pro-rata refund of tuition, fees, room, and other charges.
For example, students who withdraw after 10 percent of a semester has elapsed will receive a 90 percent refund, while students who withdraw after 22 percent of a semester has elapsed will receive a 78 percent refund. There will be no refunds after 60 percent of a course has elapsed.
If an individual is suspended from the Seminary, no refund will be given.
REFUND CALCULATION
Please note that the first day of classes for the institution is the first day of classes specified in the Academic Calendar, without regard for the first day of individual courses. The following schedule is applicable to all terms:
%Enrollment Period Completed in Weeks ……Percent of Refund
On or before the first day of classes …………. 100%
1% to 10% …………………………………..90% to 99%
11% to 20% …………………………………80% to 89%
21% to 30% …………………………………70% to 79%
31% to 40% …………………………………60% to 69%
41% to 50% …………………………………50% to 59%
51% to 60% …………………………………40% to 49%
61% or more ………………………………………… none
APPEALS
Students who believe that individual circumstances warrant exceptions from the published policies regarding the charges and refunds may appeal to the President.
STUDENT EMPLOYMENT
To aid students in supplementing their financial resources, the Seminary provides limited opportunities for employment on campus. International students should note that a Social Security number, as well as permission to work, is a prerequisite for employment.
