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Student Account Policies

29

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 Winterim charges

may be rolled into the Spring semester billing; Post

Session 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%

NOTE: 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.