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Undergrad Financial:
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Financial Policies

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Financial Policies

Settlement of Accounts

All students are responsible for payment in full of all tuition, fees and room and board charges and/or have an approved payment schedule shown before financial registration is complete.

Any student account that has to be forwarded for outside collection assistance because of an outstanding balance will be assessed with collection costs and fees. Therefore, the student will then be responsible for the full balance of their account including all collection charges and fees.

University Withdrawal Refund Policy

Students who withdraw from the University are entitled to a refund on their semester bill as listed below, provided that they notify the Student Development Department in writing of their intentions. A personal interview with one of the deans is also necessary before a withdrawal becomes complete and final. If a withdrawal is pursued, the official date of withdrawal shall be that on which the director of student development signs the withdrawal form. Merely ceasing from class attendance or giving oral statement of intention does not constitute a basis for official withdrawal. No refund is made until withdrawal forms are properly signed and submitted to the Business Office. Forms may be obtained from the Student Development Department.

PBU Refund Chart

IF THE STUDENT WITHDRAWS: THE SCHOOL
 RETAINS
REFUND TO 
STUDENT
Prior to the beginning of the classes
Within first 10% period of enrollment
Within 25% period of enrollment yet
     after first 10% period of enrollment
Within 50% period of enrollment yet
     after first 25% period of enrollment
After 50% period of enrollment
0%
10%
50%

75%

100%
100%
90%
50%

25%

0%

Course Withdrawal Refund Policy

Refund from course withdrawal applies only when the withdrawal is official and the student is taking fewer than 12 credits or more than 18 credits. If withdrawal from a course during the established drop/add period brings a student below 12 credits, tuition will be adjusted accordingly. If withdrawal from a course occurs during the two-week period following the established drop/add period, tuition will be refunded at 50% for the course from which one withdraws. After the fourth week of the semester, no tuition refunds will be made for course withdrawals.

Reduction Of Aid On University Withdrawal

When a student withdraws from the University prior to completion of a semester, aid from federal and state governments and the University will be reduced or returned according to the stipulations of each individual program. Aid from private and other sources will be governed by the conditions of the donors.

Reduction of Aid on Course Withdrawal

Students who withdraw from courses during the course of a semester will not have their financial aid adjusted after the established drop/add period. Exception to this policy will be the Advance Program. Adjustment to financial aid will be made as changes in modules are noted.

The date of official course withdrawal is the date the withdrawal request is submitted to the Registrar's office. Notification of course load adjustment and date is given to the Accounting office and Financial Aid office by the Registrar's office and appropriate adjustments, if necessary, will be made.

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