Payment Plans
- Semester Payment Option
- 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 shown below.
- College's Monthly Plan
- Paid directly to the College.
- First payment due July 15.
- No down payment.
- The cost of each semester is payable in six equal monthly payments.
- Seniors pay their cost for each semester in five equal installments.
- No interest.
- $40 processing fee per semester.
- You will be sent a payment booklet.
- Late fee of 1 1/2 percent of the monthly payment for any payment that is not received by the 25th.
- Automatic bank drafts are encouraged.
- Annual Payment Option
- 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 percent (.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.
- Four-Year Prepayment Plan
- 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.
Dates
| Billing Date | Due Date | |
| Fall Semester | July 1 | August 1 |
| Spring Semester | December 1 | January 2 |
A late fee of $50 will be assessed for accounts established after the due date.
Billing System
- You will receive a statement each month if you have a balance outstanding.
- Miscellaneous charges are payable upon receipt of your monthly statement.
- The College considers the charges for tuition, room, board, and other expenses to be a joint obligation for both parents and students.
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.