Academic Catalog 2014.2015 - page 21

Student Account Policies
21
THE COLLEGE
Student Account Policies
Through the financial assistance of faithful Christian
friends and churches, The Master’s College strives
to offer students a Christ-centered education within
the financial reach of all. The cost of education
is considerably in excess of what a student pays.
However, the College is able to keep student’s
costs at a minimum as Christian friends support
us through their generous gifts and prayers. With
the establishment of scholarships and direct gifts,
hundreds of students have been prepared for specific
fields of work and service.
PAYMENT TERMS
Tuition, fees, room and board expenses for traditional
programs are due July 10 for the Fall and December
10 for the Spring semester. A late fee for payments
not received within a 5-day grace period may be
charged to overdue accounts. All Post Session
charges may be rolled into the Spring semester billing;
Winterim charges are due before the start of class.
For the regular semesters, the following option is
available at a payment plan fee per semester.
5-Month Plan.
The estimated semester cost of
tuition, room and board will be divided into five (5)
monthly payments. Payments begin July 10 prior
to the Fall semester and December 10 prior to the
Spring semester.
PAYMENTS FROM GOVERNMENT
AGENCIES OR PRIVATE FOUNDATIONS
Students who anticipate receiving financial assistance
from Government Agencies or Private Foundations
and will not be able to meet the payment deadlines
need to submit a Request for Payment Deferment
to the Student Finance Center. If approved, the
anticipated amount will be deferred until Octo-
ber 10th (Fall semester) or March 10th (Spring
semester). Students will be responsible for pay-
ing any charges that exceed this assistance by the
published due dates.
REFUNDS
Refunds are based upon the week that the offi-
cial withdrawal form, signed by the registrar and
the appropriate dean, is presented to the Student
Finance Office, and not on the time a student
ceases to attend classes. A student withdrawing from
school with neither consultation nor consent of an
appropriate administrator shall not be entitled to
any refund.
The percentage of tuition refunded
is based on actual tuition cost charged to the
student’s account.
Tuition.
Undergraduate, Master of Arts, & Credential
No attendance........................................................100%
During first week................................................. 100%
During second week........................................... 100%
During third week................................................. 75%
During fourth week.............................................. 60%
During fifth week................................................. 45%
During sixth week................................................. 30%
During seventh week............................................ 15%
During eighth week................................................ 5%
Ninth week and later........................................... none
Degree Completion Program
Before first meeting of class…………...…...100%
Before second meeting of class……………..50%
After second meeting of class………………..0%
*90% of tuition may be refunded if classes are
dropped within 6 weeks of registration date.
Post session and winterim classes are refundable in
full if dropped prior to or on the first day of class.
After this there will be no refund of tuition.
Board.
Any refund for board will be prorated on
a weekly basis.
Room.
The refund will be prorated for the part
of the semester remaining. There will be no room
refund for Post Session or Winterim.
Fees.
Course and lab fees (including individual
music lessons) are fully refundable if the student
drops the course during the first two weeks of
class following registration. After that, they are not
refundable.
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