Financial Obligations
2008-2009

Payment
All fees and charges are due two weeks prior to the beginning of the semester in which the student is enrolled. Students may not register until their accounts are paid in full or satisfactory alternative arrangements are made with the Business Office.

Students who have outside scholarships or loans not already credited to their accounts by the day of registration must have written confirmation from the source of aid if the scholarship or loan is to be considered in computing the net amount due.

Students who wish to distribute payment over several months may make arrangements to do so using FACTS. Information is available from College cashier or by calling 1-800-609-8056. There is a $50 annual fee.  

Conditions
The normal course load for a full-time student is 15 to 16 semester hours. A student enrolled for 12 semester hours is classified as a full-time student. Tuition charges provide for a course load up to and including 18 semester hours. Tuition per semester is based upon a student’s registered course load as of the last day to add a course.  

Tuition and fees include use of the library, laboratories, Stockdale Center, cultural activities, co-curricular programs, admission to athletic contests, and most other campus events. Tuition and fees are required whenever a student is enrolled for course work at Monmouth College or under Monmouth College’s auspices, whether the course work is on or off campus. 

Where space permits, double rooms are made available for single occupancy at an extra charge. Students selecting a “double-single” room will be billed at the single-occupancy rate. All unmarried students are required to live and take board on campus, except for residents of the immediate area, who may receive permission to commute to the College when they continue to live with their parents.  

Students enrolled in internships, independent study, student teaching, or other off-campus programs within thirty miles of Monmouth must reside on campus and take board in the College dining room. Box meals will be provided or other appropriate arrangements made for meals that cannot be taken on campus. All expenses associated with off-campus study, such as travel, cost incurred due to program cancellation, clothing and meals, will be borne by the student. Not all financial aid is continued for off-campus study programs, and the student must check with the Financial Aid Office to determine whether financial assistance is continued for the particular off-campus study program in question.

Payment of all current financial obligations to the College is a prerequisite to receiving the degree. Failure to meet such obligations will preclude participation in Commencement activities.  

Interest charge (8.4%)
Interest charges are assessed to student accounts on the 1st day of each month. The amount of the balance on the 1st day of the previous month, subtracting any credits posted during the month, is multiplied by the resulting amount by 7/10 of 1%, which is the equivalent of 8.4% per year. This method should always allow at least 30 days but not more than 60 days for charges to be paid without accruing any interest. 

Interest is assessed on all outstanding balances, even if those balances are intended to be paid by financial aid, including loans and College employment, not yet posted to student accounts. Interest is not assessed on outstanding balances if a student is participating in the FACTS plan and all payments are current.

Last Updated: August 11, 2008