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Financial InformationTuition, room, board and fees are listed for the entire year but are due in two installments. Price increases during the academic year are not anticipated; however, the college reserves the right to make them should unforeseen circumstances make it necessary. Basic Costs 1997-98Tuition and fees $12,145 All students residing in campus housing other than the apartment
complexes are required to participate in the college board plan. Financial ArrangementsAdvance payments: A nonrefundable $20 application fee must
accompany the application for admission by new students, excluding
students who are readmitted. After acceptance for admission, all new
students pay a nonrefundable $100 advance on tuition and fees. An
additional non-refundable advance payment of $100 is due by May 1.
The advance payments are applied to tuition charges. Special FeesMandatory fees or deposits: Students are required to pay these fees or make these deposits: Deposit, comprehensive..................................................... $75 This refundable deposit covers any breakage or damage in the
laboratories, residence halls or other campus properties and any
unpaid bills. Refunds of this deposit fee, less charges, are made to
students who leave Concordia College. In order to expedite refunds,
students are asked to notify the Business Office in writing of their
intentions not to return to Concordia. Graduates automatically
receive refunds within 60 days after graduation without
application. Mandatory fees for selected programs: Withdrawals and RefundsRefunds upon withdrawal: Should you, for whatever reason, withdraw from Concordia during a semester or summer term, a refund of tuition and room and board, if applicable, is calculated. The amount of refund is determined by how much of the term has elapsed. If you are a recipient of student financial assistance, that assistance will be reduced as a result of your withdrawal. Federal legislation determines the amount of refund for recipients of federal Title IV student assistance. It is the purpose of this section to inform you of the financial implications of withdrawal. If you are not the recipient of federal student financial aid, the college refund policy returns any refund of tuition or room and board first to the programs from which assistance had been received (i.e. scholarships, Concordia gift assistance). This policy is consistent with the philosophy of financial aid being utilized after the resources of the student and parents. Refunds of tuition are given only through the eighth week of the semester while the room and board refunds are prorated for the entire semester less forfeiture of your dorm deposit. A different refund policy is required if you are the recipient of federal Title IV student assistance. For first-time students at Concordia, a pro rata refund is required through the 60 percent point of the semester. Any refund must then be applied first to the federal aid programs in the following prescribed order: 1. Federal Unsubsidized Stafford Loan2. Federal Subsidized Stafford Loan 3. Federal PLUS Loan 4. Federal Perkins Loan 5. Federal Pell Grant 6. Federal Supplemental Educational Opportunity Grant 7. Other federal Title IV aid programs 8. Other federal sources of aid. Any remaining refund will be then returned to other institutional, state or private student assistance that has been received. Any refund in excess of student aid will only be returned to the student after account balances in the Business Office have been paid. If you are the recipient of federal Title IV student assistance but not a first-time student, a comparison of institutional refund policy (previously mentioned) and a federal methodology must be made and the policy giving the greatest refund to be applied to the federal aid programs is to be used. Again, refunds are applied first to the federal aid programs in the prescribed order. The federal methodology is as follows: First day of classes -- 100% refund Generally speaking, the institutional refund policy provides a greater amount of refund to be applied to the Title IV aid programs. Specific examples of refund calculations are available upon request from the Financial Aid Office. In the event that your financial aid exceeds the direct costs in the business office and you receive a cash credit balance, withdrawal will result in repayment of a portion of that credit balance. The portion to be repaid is determined by multiplying the cash payment by remaining weeks in the semester divided by total weeks in the semester. Refunds for reduced load: If you find it necessary to drop a course during the semester, obtain a drop-add form from the Office of the Registrar. The completed form must be returned within seven days. If your student status changes from overload to full-time or from full-time to part-time, tuition refunds through the seventh week of the semester will be granted effective on the date that the drop-add form is returned to the Office of the Registrar. Dropping below full-time status may have an impact on the financial aid you are receiving. Refunds for private lessons: Refunds will be granted based on the number of lessons taken. No refunds will be granted after five weeks. If financial aid was given to cover music lessons, it will be removed should the lessons be dropped Appeals on refunds: Any questions or problems related to refunds should be directed to the controller, who is located in the Business Office. Terms of statement: Until you make a complete settlement of the bill, refunds and payments due for work at the college are credited to the account and not paid in cash.
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