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Payment Options for Full-Time Undergraduate Students

The following payment plan options are available to full-time undergraduate students:

  1. By Semester
    • The College bills its tuition on a semester basis. Payment on a semester basis is the standard term unless one of the other options is selected. Billing dates are July 1 for the fall semester and December 1 for the spring semester.
  2. Monthly Plan
    • Automatic bank draft beginning on July 25.
    • Subsequent drafts processed on the 15th of each month.
    • No down payment.
    • No monthly interest.
    • The cost of each semester is payable in six equal monthly payments.
    • Seniors pay their cost for each semester in five equal installments.
  3. Annual
    • Only one payment for both semesters of the academic year.
    • A discount for pre-paying second semester.
    • Both semesters must be paid by August 1.
    • Discount is 1.0% (.01) of your net tuition, room and board (after deducting financial aid and loans) for second semester.
    • Consult with your tax preparer about how this option may impact your ability to take advantage of the federal income tax credit for education expenses.
  4. Four-Year

    • Prepay all four years.

    • Guarantees that your cost will not exceed the amount paid for the four years of continuous enrollment.

    • Scholarships and loans are not considered in this payment method.

    • Cannot be used for summer school or winter term.

    • If a student withdraws, the principal balance in the account will be refunded.

    • All income earned on these funds will remain with the College.

    • Consult with your tax preparer about how this option may impact your ability to take advantage of the federal income tax credit for education expenses.

For More Information

For additional information on payment options, please contact the Student Accounts/Cashier's Office:

Robin Smith, smith.r@lynchburg.edu or 434.544.8246
Joan Ochs, ochs@lynchburg.edu or 434.544.8217
Tammy Harris, harris.tammy@lynchburg.edu or 434.544.8213

 

Finance Charges

  • Failure to satisfy obligations to the College when due will result in finance charges of 1 1/2 percent per month, which is an annual percentage rate of 18 percent.
  • Grade transcripts, re-enrollment, and diplomas may also be withheld for past due accounts.