Tuition Installment Plan (T.I.P.)
Regent University recognizes that paying tuition in lump sum payments is a challenge for many students and families. Therefore, the Tuition Installment Plan (T.I.P.) was designed to help students budget their educational costs on a monthly basis. This payment plan is not a loan and no interest is charged or accrued. A $60 non-refundable application fee will be charged the first semester T.I.P. is utilized. The fee is reduced for subsequent semesters. This fee covers the administrative costs necessary to administer this beneficial program. Following the first payment each semester, three additional monthly payments will be automatically drafted from the student's bank account of choice on the second of each month for a total of four payments per semester. The balance for the semester, however, may be prepaid at any time. Please contact the University Business Office or request the T.I.P. brochure for further information on the Tuition Installment Plan. Students planning to use this program may simply enroll at registration. The first of the four payments plus the TIP fee will be required at registration.
Employer Reimbursements
Students may be eligible to participate in their employer's tuition reimbursement program. To participate in this program, the student should provide a copy of the employer's reimbursement policy indicating the reimbursement percentage and a valid Visa, MasterCard or Discover credit card number including expiration date at registration. Tuition payment is deferred until the last day of classes, at which time the student's credit card is charged for the tuition balance plus a $60 fee. This should allow ample opportunity for the student to receive reimbursement from his/her employer. If however, the employer reimbursement percentage is less than 100%, the University will charge the unreimbursed share plus the $60 fee by the normal payment deadline and the balance on the last day of classes. If the employer pays the tuition up front, the employer reimbursement may be treated as scholarship for loan purposes, thereby reducing the amount of loan funds for which the student may be eligible. If, however, the reimbursement follows the course completion (i.e., contingent upon a successful GPA), the reimbursement is not presently a factor in the loan process. Questions regarding employer reimbursement should be directed to the Business Office.
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