Financial Information

Summary

Fees

Payment Plan

Due Dates

Summary of Finances

The cost for the school year, not including private music lessons or miscellaneous charges, is itemized below.

Note: Graduation fees, automobile fees, etc., are assessed only to those to whom they apply.

All fees, as well as tuition and room and board, are subject to change if necessary.

See further information for monthly payment information.

Explanation of Fees

Application Fee: A fee of $20.00 must accompany each application for admission.  No refund will be granted for any reason. 

Registration Fee: There is a charge of $100.00 dollars each time a student registers for classes.  This fee will be $25.00 per semester if the student is taking 5 or fewer credits.

Late Registration Fee: A fee of $25.00 is charged to students who do not complete the registration process and pay on the scheduled registration date.

Tuition: The $1,480.00 tuition per semester allows the student to register up to 18 semester hours without an overload charge.  Additional hours above 18 semester hours are charged at the rate of $125.00 per hour for credit.  Part-time students (taking 11 hours or fewer per semester) are changed at the rate of $125.00 per hour for credit.

Room and Board: Room and board is $1,500.00 per semester for college students living in the residence halls.  This charge includes a dormitory room and 21 meals per week prepared in our college dining hall.

Family Rate: A full-time college student's wife may attend CBC at the rate of $50.00 per hour for credit.  All normal fees will apply at the full rate.  A full-time college student may enroll his children in Clays Mill Road Christian Academy at 20% off the regular tuition rate. 

Change-Of-Course Fee: A fee of $5.00 per course added or dropped is charged to students changing a course during the first week of class.  No course may be added after that time.

Auditing of Classes:  Approved students may audit classes at the rate of $63.00 per credit hour.

Student Service Fee: This non-refundable semester fee of $100.00 covers student services at activities provided by the college.  This fee will be $25.00 per semester if the student is taking 5 or fewer credits.

Returned Check Fee: Students will be charged $20.00 for a returned check.  This applies to any ministry or organization of the college.  A second returned check will result in a $25.00 charge.  No checks will be accepted as payment after two checks have been returned by the bank.  Payments will then need to be paid in cash or by money order.

Private Music Fee: Students who take private music lessons at the college will pay a fee of $75.00 per semester in addition to the tuition cost.

Holiday Fee: School holidays (Thanksgiving, Christmas, and Spring Break) are not included in the regular room and board fees.  Therefore, any student who remains on campus during the holiday period will be charged a $5.00 per night. 

Graduation Fee:  A fee of $100.00 will be charged to every graduating Senior.

Books and Class Fees:  The cost of books, supplies, and class fees varies, depending upon the course of study, number of hours, etc.  The cost may range from $50.00 - $150.00 per semester.

Work Scholarship

A limited number of work scholarships are available up to a maximum of 20 hours per week.  Students working in this program will have their room and board lowered, according to the number of hours they work.

Method of Payment

Payment Plan:  All charges for a semester are due and payable upon registration.  However, for the convenience of the student, Commonwealth Baptist College is very willing to work with students on payment plans.  When a student registers for the fall or spring semester he is required to pay all of the Registration Fee and all of the Student Activity Fee.  Also, he is required to pay at least one-fifth of the tuition and Room and Board.  This means that to register for Fall, a full-time dormitory student must pay at least $796.00 when he registers ($200.00 total for the fees, plus $296 [one-fifth of the tuition] plus $300.00 [one-fifth of the Room and Board]).  The remaining four-fifths of the tuition and room and board will be due in four more installments of $596.00 each, scheduled every three or four weeks during the semester.  For a full-time off-campus student, the first payment will be $496.00 and the remaining four payments will be $296.00 each.

The initial payment of $796.00 for a dormitory student includes everything the student MUST pay at registration.  There are very few other charges by the college.  Any additional charges are enumerated in this section.  The student will also be charged for textbooks at registration.  These other charges can be deferred to the second payment date of the semester (if necessary), but are due at registration and non-refundable.  A student who comes to college with $1,000.00 will undoubtedly be able to pay his initial payment of $796.00 and pay for his textbooks, any other fees due at registration, and have a good amount of money left for spending or towards his second payment.

Payment Due Dates:

Fall Semester:           August 24 - (Registration)

                                September 19, Tuesday

                                October 10, Tuesday

                                November 7, Tuesday

                                November 28, Tuesday

Spring Semester:        January 9 - (Registration)

                                 February 6, Tuesday

                                 March 6, Tuesday

                                 April 3, Tuesday

                                 April 24, Tuesday

Late Payments: 

Students who do not complete the registration process and pay during the time designated for registration on Registration Day each semester will be charged a $25.00 Late Registration Fee.

For all other payments, all students will be given a one-week grace period after payment due dates.  If the payment is not made by 2:00pm, one week after it is due, there will be a $15.00 Late Fee.  Also, the student will be financially withdrawn from classes until the bill is current again.

Note:  A student's account must be paid up-to-date before he may receive grade reports, transcripts, and/or graduate.

Withdrawal and Refund Policy

Failure of a student to follow procedure and secure administration approval for withdrawing from school may result in forfeiture of any refund and a grade of "F" in all courses.  To withdraw from the college with official approval, a student must have a withdrawal form properly executed by the Vice President.

There is no refund on fees.  Room and Board and Tuition payments may be charged/refunded according to dates listed in the payment schedule for the semester.  For example, if a student withdrew one day after the third payment due date, he would owe the entire first three payments of the semester (but not of the last two).

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