Full payment – check or credit card payment received in the Business Office on or before the due date, which is seven (7) days before the first day of class each semester. Any amount received less than the full amount due by the due date will cause the account to be treated according to the terms of the Deferred Payment Plan with accompanying fees and schedules.
Loan agreement – approved Federal Direct Unsubsidized Student Loan for a sufficient amount to cover the total tuition, books and fees, if a student is at least half time (4 to 7 credit hours). The loan must be certified by the Financial Aid Office on or before the due date, which is seven (7) days before the first day of class each semester.
Deferred Payment Plan – Up to 3 payments (see below)
The payment or verification is due on or before the due date, which is seven days before the first day of class each semester. Until payment is received or verified through one of the three payment options listed above, registration is not complete and the student will not be admitted to class. Students will not be registered for a new semester, no transcript will be issued, and no degree will be granted unless all financial obligations to the seminary have been settled.
Full Payment each term. Check, cash, or credit card payment received in the business office by the first day of the D.Min. term (April 1, October 1) for the total tuition for each term.
Deferred Payment Plan. $50 annual fee. The student may arrange with the business office to pay $550 per month for the six months of each term, totaling $6,600 for the year. These arrangements must be completed April 1 of each year. Late payment will result in a $25 late fee.
Loan agreement. Approved Federal Direct Unsubsidized Student Loan for a sufficient amount to cover the total tuition, books and fees. The loan should be certified by the Financial Aid Office on or before the due date, which is seven (7) days before the first day of each D.Min. term.
D.Min. Students will not be registered for a new term, no transcript will be issued, and no degree will be granted unless all financial obligations to the seminary have been settled. Any balance owed 180 days after the beginning of the D.Min. term in which the charges were incurred will begin to accumulate interest at the rate of 1.5% per month.
Refunds for dropped M.Div./M.A. courses are only available in the first two weeks of each semester. No tuition refunds for M.Div./M.A. courses will be made after 5:00 p.m. on the second Friday of the semester. D.Min. students may withdraw from their courses with full refund up until they come to campus for the June or January intensives. No refund will be given after the beginning of the first intensive week. Students who received a discount by paying the full cost of the D.Min. at the beginning will receive a full refund if they withdraw before the first intensive of their program. If they withdraw at a later time they will be charged the full $15,000 undiscounted rate before being given a refund for the courses not yet taken. D.Min. students who withdraw from a particular term may elect not to receive a refund but to join the next D.Min. cohort.
Students receiving federally funded Title IV financial assistance: If a student withdraws from all courses on or before the 60% point in time of the period of enrollment, calculated using calendar days, a portion of the total of Title IV funds awarded a student (Federal Direct Unsubsidized Loan) must be returned, according to the provisions of the Higher Education Amendments of 1998. The calculation of the return of these funds may result in the student owing a balance to the seminary and/or the federal government. The federal Title IV written refund policy and method of calculation is available in the financial aid office.
For complete payment options and policies, please see the current academic catalog.