Tuition and Fee Policy
The method for calculating tuition rates for the 2013-2014 school year for the bachelor level will continue with a flat basis for students enrolled in classes having combined academic credits of twelve (12) to fifteen (15) semester hours at $8,070 annually or $4,035 each semester, plus matriculation fees of $125.00, payable at the time of registration. Students taking less than 12 hours shall be classified as part-time students, and tuition shall be charged at a rate of $360.00 per credit hour plus a per-semester matriculation fee. This rate applies for all summer and block courses, unless block course hours are included in the regular semester. Students taking more than 15 hours shall pay an overload fee of $265.00 for each additional credit hour. Tuition for non-catalog courses that may be offered from time to time to non-degree students shall be established on a case-by-case basis.
|Number of Courses||Total Cost of Courses||Average Cost per Course||Savings to the Student|
*requires special permission to take more than 18 hours
Master level students pay a flat per class rate and receive a discount for taking multiple classes. This gives the master student a great deal of control over the cost of his or her education. Students must take four (4) courses to be considered full time. Graduate students taking more than six (6) classes must have approval of their advisor and the VPAA; no graduate student may take more than seven (7) classes under any circumstance. In addition to tuition, master level students are required to pay fees as outlined in the catalog.
Fees - all fees are nonrefundable
Application for Admission Fee (one time cost): $40.00
All F-1 students: $140.00
Matriculation Fee (per semester): $125.00
All F-1 students: $225.00 (Includes all student service fees: ID Badges, library, technology, SGA fee, Chapel, and on campus parking)
Student Activities Fee: $30.00 (per semester, excluding summer)
(50% will be set aside for student activities and 50% will be set aside to help endow the Christian Vocation Scholarship.)
Distance Education Fee (per course): $50.00
Course Auditing Fee (per course): $100.00 (Based on availability of space and unavailable for distance education courses - no credit awarded; half price to alumni and employees)
Late Matriculation Fee: $50.00
Course Change Fee (Per course add or drop): $25.00
Degree Change Fee: $25.00
Graduation Fee: $300.00 (Includes two tickets to the Awards Banquet, apparel rental, and diploma cost, and must be paid by all graduates)
Extra Diploma Fee each: $75.00 (If Graduates desires to have a second or third diploma printed, they may do so for this amount each)
Supervised Instruction Fee (per semester hour): $75.00
Binding of Master’s Thesis Fee: $200.00 (Two copies are required for the library: one for the stacks and one for the reserves)
Additional Bound Thesis (per copy): $100.00
Reader’s Fee for Master’s Thesis: $300.00
Transcript Fee: $10.00 (Official copy)
Re-entry Fee: $40.00 (After absence from NLTS for one year)
Books - Estimate per Course: $250.00 (May be ordered from our on-line bookstore)
Return Check Fee: $25.00
Monthly Payment Plan: $ 45.00 (For Each Semester)
Monthly Late Fees: $25.00
NOTE: New Life Theological Seminary provides free Wi-Fi for the entire Campus. All students are required to have a laptop, IPad, or notebook computer for personal use and study, both on and off Campus. Students may ask the Registrar for a stat sheet of computer requirements.
International Students: All international students must prepay for the first two (2) semesters before the institution will issue an I-20.
Monthly Payment Plan: The Seminary offers a Monthly Payment Plan (MPP) to qualifying students. This is a method to finance your education, interest free, one semester at a time. Students unable to pay their tuition in advance and requiring the Seminary’s assistance through the MPP must pay in advance a MPP Application Fee of $45.00 plus forty percent (40%) of tuition at the time of applying for the MPP. If you choose the MPP, your payments will be thirty percent (30%) of the tuition for the semester per month. All payments are due by the 10th of each month. For example: a full time undergraduate student owing $3,650 would pay the $45.00 MPP Fee plus:
Initial Payment: $1,460.00
Second Payment: $ 1,095.00
Final Payment: $1,095.00
The MPP fee is due at the time of making the arrangements and signing the agreement, plus the initial payment of 40% is due on the following schedule:
Fall Semester - August 10
Spring Semester - January 10
Summer Semester - May 10
The MPP is not available for block courses and special seminars unless billed as part of the regular semester charges, and is only available to students who have honored prior agreements and are paying as agreed. First time students may require a credit check. Students failing to make MPP payments as arranged will not be eligible for the MPP for future semesters. In addition, late fees are assessed on each account where payment is not received by the 10th of each month. Failure to pay your account in full will result in the accounts being turned over to a third party collection agency, and listed on your credit report.
The Seminary must plan and budget for each semester based upon the number of students who register. The withdrawal policy reflects the fact that many of the fixed expenses of operating an education program are already allocated when students register and are not diminished by the student’s withdrawal.
1. Fees: All fees must be paid at the appropriate time and are not refundable.
2. Tuition: Arrangement for payment of full tuition must be made in advance of the start of the class.
Tuition for Fall and Spring Semesters will be refunded on the following basis:
Within the first week of class: 80%
Within the second week of class: 60%
Within the third week of class: 40%
Within the fourth week of class: 20%
Refund for Summer Semester:
Within the first week of class: 60%
Within the second week of class: 40%
Within the third week of class: 20%
No refund after the fourth week
The time period for the above computation will include the first day of class through the day on which the student hand delivers an officially executed withdrawal form to the Registrar. Refunds for students enrolled in the Veterans program will meet the Veteran Administration requirements and will be based on percent of time in attendance.
Each student must meet with the Financial Aid Office and the Business Office to make arrangements concerning the payment of his/her semester costs in full. This meeting must occur before the beginning of each semester. While the seminary does not require accounts to be paid in full before the first day of the semester, the seminary must have a clear understanding provided by the student, in writing and signed by the student, as to the method of payment.
No student will be seated for class at the beginning of the semester without having met with the Financial Aid Office and the Business Office staff, made written arrangements concerning method of payment, and paid at least forty percent of the semester tuition, after any guaranteed financial aid awards and institutional scholarships, grants, and awards are factored in. Any student not settling her/his account in full by the eleventh week of class (or July 10th for the summer semester) will be removed from the class by the Business Office. Any students removed under such terms are automatically considered withdrawn from all semester courses due to nonpayment and will not be allowed to finish, pass, or receive credit for the semester. If a student is removed from class and unable to pay his balance, she/he will not be allowed to re-enter class or complete the semester. If this causes the student to miss more than three classes (two in the summer), based upon the institution’s Attendance Policy, the student’s transcripts will display an "F" and the course will have to be repeated before credit is received.
Each student must pay their account in full before receiving credit for course work, enrolling for an ensuing semester, obtaining a transcript, or graduating. There is no exception to this requirement. All accounts to include, but are not limited to, obligations of tuition, fees, and library charges.
If a student withdraws during the semester, the student may still be responsible for part or all of his/her tuition. For complete details please consult the current school catalog.
Any student who is entitled to receive a credit balance for funds received through Title IV Federal Aid, VA Benefits, or any other scholarship or grant will be notified by email. Credit balance are disbursed through direct deposit (checking or savings account and debit cards). Direct deposit forms are available on Populi under the files tab. Funds not deposited into student's account due to failure to submit direct deposit forms within thirty (30) days will be returned to the fund or funds from which the original payment was received.