FINANCIAL INFORMATION You’ll want to make sure you can meet the minimum down payment and be prepared to purchase textbooks (approximately $400) before the first week of school.
Payment Policies Maranatha main campus undergraduate student payment policies are detailed below: Down Payment Dates • Students must make a down payment on or before the due date. Down payments received after the due date (Fall semester: August 15; Spring semester: January 2) will be subject to a $50 late fee. Payment Plans 1. Payment in full: Students must pay the total of the semester charges by the down payment due date. 2. Semester Plan: Students pay 1/3 of the net semester costs (total charges minus anticipated financial aid) due at the down payment deadline. The balance of the semester is divided into three monthly payments (due the 15th of each month). This plan has a $60 extended payment fee.
Payment Plan Policies • Monthly payments sufficient to pay the balance in full by the end of the semester are required. • Final payment of the semester is due in full by November 15 for the fall semester and April 15 for the spring semester. • A 1% per month (12% per annum) late payment charge will be assessed on any unpaid balance remaining after the end of each semester. • Any outstanding balance from prior semesters must be paid in full prior to enrollment in a new semester. • Accounts must be paid in full before transcripts or diplomas are issued. A candidate for graduation must have no outstanding balance owed to the University in order to participate in the commencement exercises. Financial Ineligibility Status: Students who encounter any condition or occurrence of noncompliance with their Financial Agreement will be placed on Financial Probation. These students will be granted a twoweek grace period to comply with their Financial Agreement or face
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