Making Payments

PAYMENT OF TUITION AND FEES

Students are responsible for all tuition, charges, and fees related to their seminary education. Those who depend on support from an individual, a local church, or another organization are responsible for meeting their financial obligations when due. Tuition and any related fees are due by the first day of the term.  Knox reserves the right to enforce a financial hold and/or to withdraw at the end of the drop/add period any student who has not satisfied tuition and/or fees obligations.

Past-due accounts are subject to a finance charge of 1% per month on the outstanding balance. Students may not register for a new semester or receive transcripts until all financial obligations from the prior semester have been met.

PAYMENT TYPES

Payment contracts should be completed on acceptance of application and submitted to the Business Office. Payment may be made by debit card, credit card, cash or check. Either a completed debit card or credit card form will be required as security. All payments by credit card will incur a 2.5% convenience fee. While offering credit cards as a convenience, we encourage students to be discerning and to use this method of payment responsibly. Visa, MasterCard, Discover, and American Express are accepted.

Knox Seminary understands that circumstances may occur that cause financial hardship. If tuition payments cannot be made in full at registration and arrangements are made to pay monthly, a $25 payment will be charged.

STUDENT FINANCIAL RESPONSIBILITIES

A student who withdraws from a course within the first week/module (the drop/add period) will not incur any financial penalties. A withdrawal anytime after the first week will result in costs that are scaled according to the date at which a student withdraws. Depending on the student’s tuition arrangements, he/she will either receive a tuition credit or a tuition invoice.

TUITION CREDIT

A student who is making tuition payments to Knox per course and wishes to withdraw from a class after the drop/add period will receive a tuition credit (2) based on the schedule below.

TUITION INVOICE

A student who is making monthly tuition payments to Logos or to Knox as part of the Flexible Payment Plan (FPP) and wishes to withdraw from a class after the drop/add period will receive a tuition invoice (3) in addition to the monthly payments, based on the schedule below.

SEMESTER COURSES

WITHDRAWAL WEEK / MODULE CREDIT AMOUNT INVOICE AMOUNT
1 100% 0%
2-4 75% 25%
5-6 50% 50%
7-8 25% 75%
BEYOND 8 0% 100%

8-WEEK COURSES

WITHDRAWAL WEEK / MODULE CREDIT AMOUNT INVOICE AMOUNT
1 100% 0%
2-3 75% 25%
4 50% 50%
5-6 25% 75%
BEYOND 7 0% 100%

4-WEEK COURSES

WITHDRAWAL WEEK / MODULE CREDIT AMOUNT INVOICE AMOUNT
1 100% 0%
2 50% 50%
BEYOND 3 0% 100%

*Note: the FPP is no longer available to incoming students. 1) All percentages above are of the net tuition amount for the course. 2) Tuition Credit students who withdraw from a course after the drop/add period (week 1) will pay for the entire course and (when applicable) receive a percentage credit towards future tuition payments. 3) Monthly Payment Plan students who withdraw from a course after the drop/add period (week 1) will pay a fee in addition to their monthly tuition payments.

REFUND POLICY

The refund of the unused portion of tuition, fees, and other charges for veterans or eligible persons who fail to enter a course, or withdraw, or discontinue a course prior to completion, will be made for all amounts paid which exceed the approximate pro-rata portion of the total charges that the length of the completed portion bears to the total length of the course. The proration will be determined by the ratio of the number of days or hours of instruction completed by the student to the number of days or hours of instruction completed by the student to the number of instructional days or hours in the course. Please see the Knox tuition credit and tuition invoice policy above. *The effective date of withdrawal is the date the Registrar receives the official withdrawal form. *All prices, dates and requirements are subject to change.

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