Financial Responsibility

REGISTRATION PAYMENT POLICY

Students are expected to pay bills in a timely manner. Such financial integrity is expected of Christian leaders and must be demonstrated in order to be enrolled as a student at Central.

A student cannot attend classes unless the student's bill is paid in full with these exceptions:

1.  If a student has completed the process for federal financial aid, the College will require only that the student pay the obligation that will remain after application of this aid and the full-tuition scholarship, if applicable. Completion of the federal financial aid process includes completing all forms required to receive the aid, including, but not limited to, the FAFSA (Free Application for Federal Student Aid), tax returns, and loan documents (if applicable). Completion also means satisfying the requirements of verification, if selected.

2.  The College may consider non-federal awards (from churches, service clubs, or other promised awards) and decrease the payment required prior to attending classes by the amount of such awards only if the College receives written notice stating:

  1.  The award name and sponsor
  2. Award amount
  3. When the award will be disbursed
  4. That there are no restrictions in the student receiving such award other than enrolling at the College.

The student retains the obligation to pay all fees as listed on the charge sheet even when it is anticipated that federal or non-federal awards, grants, scholarships and/or loans ("financial aid") shall cover all or a portion of the fees. If any financial aid does not come to fruition for any reason, the College shall inform the student in writing.

The student shall have seven days from the date of this notification to pay the remaining obligation. Nonpayment within those seven days will result in the student's immediate withdrawal from the College.

REFUND POLICY

No refunds on any fees or charges will be given to students who are dismissed or who officially withdraw from all or a portion of their classes or programs. There are only a few exceptions to this policy:

  1. If a student has received orders to report for Active Duty in the Military, the student must present a copy of their military orders to the Chief Financial Officer for verification.
  2.  If a student becomes unable to attend school due to a medical condition, the student must present a written medical release from attending classes from his/her doctor. This release must be presented to the Chief Financial Officer for verification.
  3.  If a student's immediate family has an emergency because of major illness, death, or other family loss which would cause undue hardship for the family if the student did not return home, that student may be considered for a refund. A written request must be submitted by the student's parent or guardian and the student explaining the situation and requesting to be excused from further class attendance.

Approved exceptions will be refunded based on the date of approval.

  1. First week of class - 90% refund of semester fees paid.
  2. Second week of class to the end of the semester - The refund is prorated for the actual time the student was in class at Central.

FEDERAL RETURN OF FUNDS POLICY

The U.S. Department of Education has developed software for colleges to calculate the return of Title IV funds. Central will use this software to calculate the appropriate return of funds for students who officially withdraw from all classes and have received Federal Title IV financial aid for the current semester of enrollment. Central will provide upon request a printout of the calculation formula generated by the software.

In many instances, students whose accounts were "paid in full" at the beginning of the semester may end up owing Central after withdrawing due to the differences in the General Refund Policy of Central and the Federal Return of Funds Policy. Other students who have received federal grant funds to pay for non-institutional costs may end up owing repayments to both Central and the federal government.

NEW/REACTIVATING STUDENTS 

New or reactivating students have until August 1st or December 1st, whichever applies, to submit their preregistration and housing forms, have their final high school/college transcripts received by the Admissions Office, and have their FAFSA completed.  If students do not complete a FAFSA and/or have aid pending of at least $200, they need to pay a $200 nonrefundable deposit for the semester. The Incomplete Process Fee is charged if any of the above are not completed.

RETURNING STUDENTS

Returning students have until June 30 to complete their schedule, their Housing Contract, and their funding plan. Funding can be provided through either a $200 non-refundable prepayment, completed financial aid, or other verified sources. (A prepayment reduces the semester balance owed at registration, but is not refunded if the student chooses not to enroll.) The Incomplete Process Fee is charged if any of the three are not completed.

Pending Aid of $200 by July 1st may include any one of the following:

  1. A personal payment
  2. Federal Pell Grant
  3. Federal Student Loan (all necessary work must be completed and forms submitted by July 1st)
  4. Outside Scholarships applied to the student's account

Students who fail to complete the FAFSA or verification or do not make the pre-payment in a timely manner will be charged the Incomplete Process Fee for the Fall semester.