Payment Policies
Tuition and room and board charges will be billed by the semester. Statements will be sent to all registered students in July for the fall term and December for the spring term. Full payment or financial arrangements documented and approved by Student Financial Services for semester charges is due by August 15 for the fall semester and January 2 for the spring semester. Charges incurred after school is in session are due and payable at the time of the change. Charges for interim and summer terms are due and payable prior to the first day of the term. Accounts 30 days or more past due will be assessed finance charges at 1.5 percent per month. The current tuition and fees schedule is available online at www.culver.edu/enrollment/finaid/annualcosts/.
Academic expenses may be paid with cash, check, MasterCard, VISA, Discover, and/or Tuition Management System (TMS). TMS is an interest-free monthly payment plan available for an annual enrollment fee. Additional information may be obtained from Student Financial Services.
All current financial obligations to the college must be paid in full or satisfactory payment arrangements made with Student Financial Services before a student may register for a new term. The college will not issue grades or transcripts, and diplomas may be held until all financial obligations are met. A student may be suspended for nonpayment of indebtedness to the college any time after the mid-point of each term.
Student account balances are available on the MyCulver. Failure to receive a bill does not relieve the student of the obligation for payment.
Withdrawal and Refund Policy
Withdrawal before Classes Have Started
Students who withdraw prior to the first day of class shall receive a full refund for tuition, room and board.
Voluntary or Involuntary Withdrawal after Classes Have Started
Refunds will be made according to the following schedule:
Tuition, Room and Board
- Withdrawal on the first day of class.....100% refund
- Withdrawal during the first 10% of the enrollment period.....90% refund
- Withdrawal after the first 10% through the first 25% of the enrollment period.....50% refund
- Withdrawal after the first 25 percent through the first 50% of the enrollment period.....25% refund
- Withdrawal after the first 50% of the enrollment period.....no refund
Refund and Repayment Calculation
Refund and repayment amounts for federal financial aid must be distributed according to a specific order of priority and percentage prescribed in federal law and regulations. Additional information is available in the Student Financial Services Office.
Financial aid from college grants and scholarships will be applied to the withdrawing student’s account based on the prorated percentage of charges resulting from the refund schedule. The same percentage will be applied to outside sources of aid other than federal, unless other requirements for its receipt apply.
Tuition Adjustment for Dropped Courses
Tuition adjustments will be made for full-time students dropping to part-time students or dropping overloads, and part-time students dropping hours during the first seven class days of the semester. No adjustments to the tuition charge will be made for drops after the seventh class day. For classes meting less than a semester, tuition will be reduced for drops through the third class meeting;. No adjustments to the tuition charge will be made for drops after the third class meeting. The withdrawal and refund policy will apply to students who fully withdraw from the college.
Appeals
If a student withdraws due to documented extenuating circumstances beyond the control of the student, he/she may appeal to the Committee for Admissions and Financial Aid for any possible refund consideration. Appeals should be in writing and addressed to the Director of Financial Aid, Culver-Stockton College, One College Hill, Canton, MO 63435.
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