2013-2014 Catalog 
    
    Apr 16, 2024  
2013-2014 Catalog [ARCHIVED CATALOG]

Financial Information - SGCS



Tuition costs through Olivet’s School of Graduate and Continuing Studies vary by program. Program and individual course financial obligation information is presented during information meetings and/or at registration. A schedule of payments and analysis of fee structures, along with due dates, is outlined in the materials provided by the Financial Solutions team. Students are expected to meet these obligations according to the schedule.

For packaged programs, the student is charged a locked-in tuition rate for the total program. The locked-in rate is designed to reduce the per-credit-hour cost for the student committing to the entire program. The locked-in rate is honored for students who complete the program according to the prescribed curriculum schedule. Generally, this time does not exceed two years. The student is charged the full tuition rate and appropriate fees for any course taken that is not a part of his or her program core. Students wishing to start a packaged program without all financial aid paperwork on file must pay for the first course at the time of registration. If financial aid paperwork is not received within 30 days of registration, the student will continue to be billed per course. Once all financial aid paperwork has been completed, and provided aid is awarded, these funds may be used as payment for educational costs for the remainder of that academic year.

Please note that graduate religion programs are NOT packaged, and their tuition rate may be subject to change at the beginning of each fiscal year.

Olivet Nazarene University’s general education requirements and electives to complete the degree may be taken at the package price for a period of no more than two years.

Students unable to complete a course in a packaged program are allowed to repeat that course with another group of students if arrangements are made through the School of Graduate and Continuing Studies office. Tuition and fees at the current packaged rates are charged for repeating the course.

Olivet Nazarene University reserves the right to change the tuition and fee schedule at any time. However, tuition and fee schedules are guaranteed for students who complete packaged programs according to the prescribed curriculum schedule.

Single Course Registration Policy - SGCS

Single Course Registration (SCR) requests should be made to the School of Graduate and Continuing Studies no later than three weeks before the course start date for students using financial aid. All financial aid paperwork must be received no later than one week prior to the start date.

Those not using financial aid should make the request no later than two weeks before the start date. Payment for the course must be received no later than one week before the course’s start date.

Students are required to be current on their core program before being cleared to register for additional coursework. Please go to the Olivet Portal at https://my.olivet.edu to view the status of your student account.

These policies are strictly enforced.

Financial Aid - SGCS

The Director of Financial Aid is located at the Miller Business Center. Financial aid counselors are available to advise students concerning application for financial aid. Correspondence regarding financial aid should be addressed to the Director of Financial Aid. The Office of Financial Aid is open for regular office hours, 9 a.m.-4 p.m. each workday; however, because of the demand for assistance, students seeking assistance should schedule an appointment with office personnel.

Students are responsible for completing all necessary application forms for financial aid and for following the appropriate procedures in seeking aid. Securing financial aid may take time, and students may be advised to delay the start of their program until aid is secured.

Application for financial aid must be made for each academic year. This generally requires students in packaged programs to complete financial aid paperwork two or three times during their program.

Financial assistance may not be immediately available for students who intend to take courses outside the core curriculum. The Office of Financial Aid should be contacted prior to registering for such courses.

Payment - SGCS

Payment methods for programs in the School of Graduate and Continuing Studies vary by program. Most of the programs offer three payment options: Total Package Payment (at the program’s start), Payment with Financial Aid, and the Monthly Payment Plan. Students should refer to their financial solutions counselor for specific information on paying for their program.

Students should pay special attention to the program’s delinquency policy. Any student becoming delinquent through failure to make payment or proper arrangements may be administratively withdrawn until such matters are satisfactorily settled. There is a $15 charge for any returned checks due to insufficient funds or a declined credit card.

A transcription fee of $50 per credit-hour is charged for CARE, CLEP, REGENTS COLLEGE, DANTES, and proficiency hours. All assessed credit fees are due 30 days from the invoice date.

Student accounts must be paid in full to be eligible for the transfer of credits, participation in Commencement ceremonies, and degree conferral. Students who qualify for August graduation must be current with financial obligations and in good standing in order to participate in the May Commencement ceremonies.

Refund Policy - SGCS

  1. Application, registration, general, lab, graduation, and other special fees are not refundable. Tuition is refunded according to the following policy:
    1. Full tuition: Written notification of withdrawal prior to the first class session of a course.
    2. All but $50 refund: Written notification of withdrawal prior to the second class session of a course. Failure to provide official notification directly to the Office of Admissions and Students Services will result in administrative withdrawal. Students are then charged full tuition, plus fees.
    3. No refund, except for semester-long courses: Withdrawal after the second class session. For these traditional semester-long courses, the following refund policy applies:
      first week - 90 percent
      second week - 80 percent
      third week - 60 percent
      fourth week - 40 percent
      fifth week - 20 percent
      sixth week - none
  2. Material fees are not refundable once the student attends one class meeting.
  3. The Director of Student Accounts makes the determination of refunds when an official withdrawal form is received in the School of Graduate and Continuing Studies office.
  4. Students who begin class without full admission status and who are subsequently denied admission are eligible for a refund of the full tuition amount, less a $50 fee per class session attended. Exceptions:
    1. Any tuition paid for a course completed by the student is not refundable.
    2. Any tuition paid by students attending/completing a course without being registered is not refundable.;

Withdrawal - SGCS

The date official notification is received in the School of Graduate and Continuing Studies office is the effective date of any withdrawal or course drop (see Student Withdrawal/Change in Status  in the “Academic Policies” section).

If a student withdraws with an unpaid balance, an interest charge of 1.5% is assessed monthly to the balance (see Financial Aid for more details).

When a student withdraws (or is withdrawn) from the program prior to the completion of a term, federal and state financial aid must be repaid to the appropriate program(s) as mandated by regulations published by the U.S. Secretary of Education.

Financial Aid and Academic Standing - SGCS

A student’s eligibility for financial aid is affected by his or her academic standing. A cumulative grade point average of 2.0 is necessary for undergraduate students to obtain and maintain eligibility for financial aid.

For undergraduate transfer students, academic standing at the time of admission to the University is based on the cumulative grade point average at previous institutions. After completion of the first three courses at Olivet, the academic standing of degree-completion students is based on the grade point average for all coursework accepted toward a degree and included on the Olivet transcript.

Financial Aid and Academic Classification - SGCS

The undergraduate academic year is defined here as a measure of the academic work to be accomplished by the student. Federal law and regulations set minimum standards for the purpose of determining student financial aid awards. For students enrolled in the undergraduate degree-completion programs, an academic year is defined as the completion of 24 credit-hours, consisting of at least 30 weeks of instructional time within a 12-month period. The completion of at least 12 credit-hours constitutes one academic term. All students enrolled in these programs are full-time students.

Although most programs are completed within two calendar years, some extend slightly beyond that time frame. For the period of time that exceeds two calendar years, financial aid may not be available. Students should consult their financial aid counselor for details regarding their program.

A student’s eligibility for financial aid is affected by his or her classification. Undergraduate students transferring in less than 60 hours are classified as sophomores. The minimum classification for a sophomore is 30 hours, 60 hours for a junior, and 90 hours for a senior. It is the responsibility of the student to become aware of how this classification affects his or her financial aid situation. This is especially significant for students admitted with fewer than 60 hours.

Veterans Benefits - SGCS

To assist students who qualify for benefits from the Veteran’s Administration, Olivet has a counselor in the Office of the Registrar who specializes in these programs. In addition, ONU is part of the federal Yellow Ribbon Program, which helps to fund the tuition for veterans in certain circumstances. The VA counselor can help determine eligibility.