University Student Accounts

PAYMENT PLANS

The academic year for the Traditional Undergraduate, Academy and Graduate Program is divided into three sessions: Fall Semester, Spring Semester and Summer Semester. For the Adult Professional Studies Program the academic year is divided into two sessions:  Fall Semester and Spring Semester.  Registration is held at the beginning of each semester and an initial bill “Fact Sheet” will be prepared based upon that registration.  Fact Sheets will be prepared for enrolled students in June for the Fall semester, and in December for the Spring semester.  The Fact Sheet calculates Estimated Net Charges by using Estimated Total Charges minus Pending/Anticipated Financial Aid.  The student is responsible for ensuring payment of tuition, fees and all other debts to the University is made in a timely matter. 

Asbury University is pleased to offer payment plans to help students and parents make their educational costs affordable. 

 

PAYMENT PLANS FOR TRADITIONAL UNDERGRADUATES, ACADEMY, AND GRADUATE STUDENTS

PAYMENT IN FULL
Payment in full of Estimated Net Charges is due on the first day of the semester.  All students will be enrolled in the Payment in Full option unless they enroll in a Sallie Mae Tuition Payment Plan (explained below) during the financial registration period. 

PAYMENT PLAN

Asbury University is pleased to offer our students and families the Tuition Payment Plan, administered by Sallie Mae.  The Sallie Mae Tuition Payment Plan offers interest-free, manageable, monthly installments for a student’s account balances.  There is a small fee to enroll.  The Payment Plan option allows families to spread the cost of a semester over four or five months.  Payments are made directly to Sallie Mae for the amount contracted on the tuition payment plan. 

For the Fall semester you must sign up by July 31st to enroll in the five month payment plan and August 31st for the four month payment plan.  For the Spring semester you must sign up by December 31st to enroll in the five month payment plan and January 31st for the four month payment plan.  

The Payment Plan Fact Sheet will calculate a suggested amount to be contracted with Sallie Mae.  Any amount not contracted with Sallie Mae will be due in full to Asbury University.  

 

PAYMENT PLANS FOR ADULT PROFESSIONAL STUDIES (APS) STUDENTS

PAYMENT IN FULL
Payment in full of Estimated Net Charges is due on the first day of the semester.  All students will be enrolled in the Payment in Full option unless they enroll in a Sallie Mae Tuition Payment Plan (explained below) during the financial registration period. 

PAYMENT PLAN

Asbury University is pleased to offer our students and families the Tuition Payment Plan, administered by Sallie Mae.  The Sallie Mae Tuition Payment Plan offers interest-free, manageable, monthly installments for a student’s account balances.  There is a small fee to enroll.  The Payment Plan option allows students to spread the cost of a semester over four months.  Payments are made directly to Sallie Mae for the amount contracted on the tuition payment plan.

For the Fall semester you must sign up by July 31st to enroll in the four month payment plan.  For the Spring semester you must sign up by January 31st for the four month payment plan.  

The Payment Plan Fact Sheet will calculate a suggested amount to be contracted with Sallie Mae.  Any amount not contracted with Sallie Mae will be due in full to Asbury University.  

 

ADDITIONAL PAYMENT PLAN INFORMATION (ALL PROGRAMS)

The Payment Plan incurs no interest charge, but may incur a late fee if payment is not received by the due date. Payments are due the last business day of each month. After missing the second payment, the account will be removed from the Sallie Mae payment plan, and the balance will become immediately due with Asbury University.

Student Employment, including work study, is not calculated in the Estimated Net Charges, which is the amount used to estimate the Payment in Full or suggested payment plan contracted amount.  Student Loans and Outside Scholarships will be included in the calculation only if they have been confirmed and approval has been submitted to and processed by the Financial Aid Office

Note:  Checks for church match and scholarships are considered as financial aid and should be mailed to the Financial Aid Office. 

We recommend that all miscellaneous charges be paid at the location where incurred to avoid service charges.

 

STUDENT FINANCIAL RESPONSIBILITY

It is expected that when a student signs a financial agreement to pay all tuition and fees, the student is pledging to faithfully fulfill all financial obligations to the University.  The University reserves the right to take whatever steps are necessary for those who default on payment.  Diplomas and official transcripts are not released until all academic and financial obligations to the University are satisfied.

 

BILLING

BILLING NOTIFICATION

The Student Accounts Office generates electronic monthly billing statements that are available to students through Online Services (online.asbury.edu).  A copy of the billing statement will only be sent to parents if the student specifically gives the University written permission to do so.  Receipts of payment are typically sent to the student.  It is the student’s responsibility to ensure payment is made.

POLICY ON UNPAID BALANCES

1. Students must pay all previous balances before registering for a subsequent semester.

2. If a student's account is unpaid at graduation, the diploma is withheld until such payment is made. 

3. Academic transcripts and diplomas will be released to:

   a. non-enrolled students only when (1) the student account is paid in full and (2) University loans are being paid on schedule. 

   b. currently enrolled students when either:  (1) the student account is paid in full, or (2) the student is fulfilling the terms of their particular Payment Plan and all requirements of the Financial Aid Office have been fulfilled.

 

REFUNDS

1. Refunds are made only after official notification of the student's withdrawal from the University is made to the Business Office by the Office of the Registrar.  Students withdrawing from the University within the official Drop/Add period will be refunded all charges. Students will pay a pro-rata board and room charge based on the date of withdrawal. 

2. The official date of withdrawal from the university will be used in determining amount of tuition refund.

3. The following refund calculations refer to tuition refunds only. 

A. For calculating refunds the ‘ACADEMIC WEEKS’ for a semester are figured from an individual student’s week their first class in the semester started to the week their last class in the semester ended.

B. Refunds to a student’s tuition bill will be based on percentage of semester enrolled as of the student’s official withdrawal date from the university.

Refunds or reductions in amount owed by student based on

Percentage of semester enrolled = 100% - (withdrawal week /(total academic weeks -1))

NOTE: percentage of reduction in financial aid to student is based on the date the student requested to withdraw, or the midpoint of the enrollment/payment period if student stopped attending without notification which may differ from official withdrawal date.  Please refer to “Financial Aid Refunds” in the following section for the policy for returning financial aid.

4. NOTE:  Course fees, lab fees, student activity fees are not refundable.

5. The student will be charged a withdrawal fee of 5% of total charges not to exceed $100.00.

6. Board charges are refundable on a pro-rata basis from the date the student finalizes his/her withdrawal with the Student Accounts Office.

7. Room charges are refundable on a pro-rata basis from the date at which the room is vacated and the key turned into the resident director.

8. Refunds cannot be made to the student until all financial aid awards are withdrawn, adjusted or applied to the account.

9. Students who withdraw or are dismissed from the University must make application for readmission and be readmitted before being permitted to register again.

10. For academic withdrawal details please see the general section on University Academic Policies: Course Registration and Withdrawals.

 

2013-14 BULLETIN   08/16/2013