While all charges and fees are due and payable on the first day of each semester, the student may elect to defer the balance of his or her account—after all financial assistance is deducted—into two payments. One half of this balance will be due on the first day of the semester, and the final half will be due approximately thirty days later. Interest at the rate of 18 percent per year will be applied to any unpaid balance at the end of the thirty day period, until the account is paid in full.
In case of voluntary withdrawal or dismissal from the university or an individual course, tuition and fees are charged according to the following schedule:
|During the first week||25%|
|During the second week||50%|
|After the second week||100%|
For those moving out of the dormitory, there will be no refund on room and board.
Students who withdraw completely from the university or from individual classes and have financial assistance may be required to repay a portion of that aid, depending on the date of withdrawal and the regulations of the programs included in the financial aid package. If a student is entitled to a refund from a student loan, the student will receive a full refund if he or she withdraws from a class up to 10 business days after the first day of class. If a student is entitled to a refund from a grant, the student will receive a full refund if he or she withdraws from a class up to 14 business days after the first day of class.