Appalachian Bible College
Student Payment Policies
- Students must make the following minimum payments to maintain satisfactory financial status:
Fall Semester Due Date | Minimum Payment Due |
Before 1st Day of Class | 25% of initial balance* |
September 25th | 33% of remaining balance** |
October 25th | 50% of remaining balance |
November 25th | 100% of remaining balance |
Spring Semester Due Date |
|
January 25th | 25% of initial balance* |
February 25th | 33% of remaining balance** |
March 25th | 50% of remaining balance |
April 25th | 100% of remaining balance |
Summer Semester Due Date |
|
May 25th | 33% of initial balance* |
June 25th | 50% of remaining balance |
July 25th | 100% of remaining balance |
A Late Fee of $25 will be charged if the Minimum Payment Due is not paid by the Due Date.
* Initial balance will include any anticipated financial aid (including loans) as appears on the student’s Financial Aid Award notification. For example, if a student’s charges at the beginning of a semester are $11,000 and the student $6,000 in anticipated financial aid, the initial balance would be $5,000, of which 25% ($1,250) would be due before the 1st day of class.
** Any anticipated financial aid that is not officially disbursed on this month’s statement will not be calculated in the minimum payment due.
- Students with unsatisfactory financial status (i.e. outstanding balances, little or no payment activity, etc.) may be restricted from extra-curricular activities or may be denied permission to return the following semester. Accounts will be evaluated and students will be notified of potential restrictions before the end of the semester.
- Any outstanding balance over $500 at the end of a semester or beginning the month after the student concludes or withdraws will incur a 1% service fee each month. The student must also sign a Financial Responsibility Agreement.
- No transcript, diploma, certificate, or degree will be issued for any student or former student who has any outstanding balance on his/her account. This policy is strictly enforced.
- Special Note: Appalachian Bible College reserves the right to turn over accounts that do not have consistent payment activity for six months to a collection agency. (This may include reporting the debt to appropriate credit bureaus 60 days after the account has been turned over.) You will be notified of ABC’s intentions prior to any such actions being taken.
- Appeals: Any student who wishes to make an appeal about their student financial status, charges or refunds may submit an appeal in writing to the Business Office.
REFUND POLICIES
Students who pay tuition and fees, prior to the first day of classes, and subsequently cancel their registration through the Registrar’s Office, are entitled to a full refund, with the exception of the application fee and non-refundable deposits. Students who reduce their academic load or officially withdraw after classes have begun, may be entitled to a partial refund, according to the following Refund Policies. The college reserves the right to deduct from a refund any outstanding financial obligations to Appalachian Bible College. Those who face expulsion are also entitled to the same refunds. This policy is subject to change with notice.
- Tuition & Campus Services Fees✱ - Refund is calculated by dividing the calendar days completed in the semester by the total number of calendar days in the semester (excluding scheduled breaks of 5 days or more and days of an approved leave of absence) up to 60%. If greater than 60%, no refund will be given for these fees (does not apply to Room & Board, see below). Students who reduce their hours but remain enrolled will be refunded the prorated difference of charges between their previous academic load and their new academic load unless the percentage of completion is greater than 60% in which case, no refund is given.
- Financial Aid - Any financial aid will be returned according to the Financial Aid Office Terms & Conditions. Any balance remaining after financial aid has been returned, will be owed to the college. If there is a credit balance due to Federal funds, these funds will be provided to the student within 14 days after the withdrawal calculation of R2T4.
- Health Fee - Health fee is non-refundable.
- Room & Board - Room & Board is prorated based on the percentage of calendar days actually used.
- Music Lesson Fees - Two-thirds (2/3) refund is given after the first scheduled lesson date. One third (1/3) refund is given after the second scheduled lesson date. No refund is given after the third lesson date.
✱ Expanded Curriculum Classes - If an Expanded Curriculum Class (Acadeum) is dropped or withdrawn from after the classes scheduled start date, $500 will be non-refundable.