All tuition, fees, and
other charges are due and payable at the beginning of each
semester. Students who are unable to pay the total amount
of costs for on-campus classes may apply to the business
office for a deferred-payment plan.
Registration is not finalized
until a student's account is paid in full or a student has
been approved for the deferred payment plan. Students may
attend classes only after completing financial arrangements
for registration.
All financial accounts must
be paid in full before transcripts will be released.
Students who are unable to
pay the total semester costs for on-campus study at the beginning
of each semester may utilize the deferred-payment plan. This
plan is designed to divide the cost of a semester into a 25%
down payment and three equal payments due on the first day
of each month thereafter.
Applicants will be given
the opportunity to request approval for the deferred-payment
plan after being accepted for admission to Wesley College.
Questions regarding the deferred-payment plan or special payment
schedules should be directed to the business office. Deferred
payment is not available for online classes.
Accounts should be paid at
the business office during designated business hours. A $25.00
service fee is assessed on checks returned for non-sufficient
funds.
If a student has been approved
for a deferred payment plan and there is a balance on the
student's account, the student will receive 20% of income
earned; the remainder will be applied to the student's outstanding
balance.
Withdrawal from an online
class during the first week of class will result in a refund
of all hourly charges. No refund will be given should a student
withdraw from an online class after the first week of classes.
Tech fees are non-refundable once a class has begun.
Students who officially withdraw
during the first four weeks of the semester will receive a
partial refund of tuition, fees, room and board as follows:
| IF
STUDENT WITHDRAWS |
THE
STUDENT IS REFUNDED |
| Before
Classes Begin |
100% |
| First
Week |
90% |
| Second
Week |
70% |
| Third
Week |
50% |
| Fourth
Week |
25% |
| After
Fourth Week |
0% |
The college
also assesses an administrative fee of $100 or 5% of the
total charges, whichever is less. To be eligible for a refund,
a student must submit an official withdrawal form. The date
the signed withdrawal form is filed in the Academic Office
is considered the date of withdrawal. Refunds can only be
made for students who follow withdrawal procedures.
All refunds will be made
by check and will be mailed to the student's permanent address,
most within two weeks of the official withdrawal date of the
student. Refunds involving financial aid may be delayed for
more than two weeks because of processing requirements and
fund receipts. Students should be aware that refunds are not
available on the day of withdrawal.
Refunds Involving
Financial Aid for Students That Withdraw
Institutions of higher learning
are required to have a prorated refund policy for students
that withdraw within the first 60% of a semester. Students
who withdraw after the first 60% of a semester will be entitled
to 100% of their awarded financial aid for that semester.
The following Federal government
formula will be used to determine the amount of financial
aid a student withdrawing in the first 60% of a semester will
receive.
Step 1 - The last day of
attendance will be determined from class attendance records
not from the date on an official withdrawal form.
Step 2 - The percentage of
semester completed will be calculated by dividing the number
of days completed in the semester by the total number of calendar
days in the semester. This will represent the percentage of
Title IV aid a student can be awarded.
Step 3 - The percentage, calculated
in Step 2, is multiplied by the total of Title IV aid that
can be awarded to a student. A first-year, first-time borrower
who withdraws before the 30th day of the semester cannot receive
their loan disbursement.
Once a student's new Title
IV award is calculated, the excess Title IV aid must be returned.
The excess Title IV aid is returned in the following order.
Unsubsidized Federal Stafford loans, Subsidized Federal Stafford
loans, Unsubsidized Direct Stafford loans, Subsidized Direct
Stafford loans, Federal Perkins loans, Federal PLUS loans,
Direct PLUS loans, Federal Pell Grants, Federal Supplemental
Educational Opportunities Grant (SEOG) and then all other
Title IV assistance.
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