Student Accounts and Refunds

STUDENT ACCOUNTS


Students will be billed each term by the business office. All charges and fees are payable upon receipt of a statement from the business office. For purposes of billing, the J-term and spring terms are considered one term. Thus, students should plan on making two payments during the regular academic year; “term,” as used in this catalog section, refers to the two periods: (1) fall term and (2) combined J-term and spring terms. Registration for subsequent terms will not be permitted until all amounts owed have been paid or satisfactory arrangements for such payment have been made with the Business Office. Students will not be permitted to graduate unless all charges have been paid in full.

A refund may be made to a student who does not complete a full term, based on the date of formal notification of withdrawal or the date on which the seminary formally determines that the student is dismissed or suspended and notifies him or her of this action. The seminary will retain a percentage of the tuition, fees, and other charges paid equal to the percentage of time for which the student was enrolled for the first 60% of the term. After 60% of the term is completed, no reduction of charges will be made. Refund of any monies to the student will be governed by the Federal Refund Policy as described in the Financial Aid section of this catalog. The seminary may retain reasonable additional fees, not to exceed $100, to cover application, enrollment, registration, and similar costs.

A student who withdraws from an individual course during a term will be charged tuition proportionately.

FEDERAL REFUND POLICY FOR WITHDRAWAL


It is assumed that a student who enrolls at Trinity will remain for the entire term. When a student finds it necessary to withdraw from all classes during the term, Trinity may provide a partial refund of charges.

Federal Stafford Loans are disbursed on the assumption that a student completes the academic term for which the loan is granted. If a student does not complete an academic term, the Federal Refund Policy governs how much federal aid the student is eligible for:
During the first 60% of the term, a student “earns” federal funds in direct proportion to the length of time he/she remains enrolled. A student who remains enrolled beyond the 60% point “earns” all aid for the term.

A worksheet will be used by the Director of Financial Aid to determine the portion of Direct Loan funds to be returned to the federal program.

No return of federal funds is necessary for a student who withdraws from the seminary after 60% of the term is completed; the student enters repayment for those funds. The student must follow proper withdrawal procedures as described in the section on Withdrawal in the Trinity Academic Catalog.

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