Financial Info

FINANCIAL INFORMATION

Higher education is one of the most important investments an individual can make. Cost should not be the final determining factor in selecting the right university, but applicants should have a clear understanding of expenses in mind when making a final choice. 

Payment Due Dates

All charges are due in full at registration. Enrollment is not complete and students may not participate in classes until satisfactory financial arrangements have been made with the Student Accounts Department. Satisfactory financial arrangements involve choosing one of the payment plans detailed in the Financial Options Guide. Students must also complete the financial aid process (described below) prior to registration.
Monthly Payment Plan Option. Students may elect to pay academic expenses through an interest free monthly payment plan. The annual enrollment fee is $60 per year or $30 per trimester. There are no other fees or costs. However, late payment fees may be charged. Students should contact the Student Accounts Department to enroll, and they should complete enrollment by August 1st.

Hope accepts cash, checks, Visa, Mastercard, Discover, and American Express for payment of tuition and fees. Automatic deductions from checking, savings, and credit cards may be preauthorized during payment plan enrollment. A convenience fee equal to 2% of the total transaction will be assessed for all credit card transactions.

Participation in commencement, registration for further courses, and the release of degrees and transcripts will be granted only after all financial obligations to the University are satisfied. Any diploma, certificate, or transcript shall be retained by the University as a security interest until all such obligations are satisfied. Release of any such security interest prior to or subsequent to any default by the debtor shall not be considered a binding precedent or modification of this policy.

Refunds

All fees are non-refundable. A tuition refund must be requested in writing. A student shall be assessed tuition charges by the course. When a student withdraws, or is withdrawn from a course for any reason, the portion of the tuition considered earned shall correspond to the number of weeks the student attended.
When a student withdraws from a typical course, the refund will be as follows:

5-Week Session, 7-Week Session, 8-Week Module, or 15-16 Week Trimester

• Before opening date of a course, 100% refund of tuition
• Before 2nd week begins, 100% refund of tuition, with a $100 Withdrawal Fee assessed
• Before 3rd week begins, 100% refund of tuition, with a $200 Withdrawal Fee assessed
• Before 4th week begins, 40% tuition refund
• After the 4th week begins, no refund

This system (1) protects students from the burden of paying full tuition for a course in which they did not participate, (2) preserves their eligibility for financial aid if they re-enroll at a later date, and (3) provides SGPS with funds to cover expenses associated with preparing a course that students did not use. Please note that students may not use financial aid funds to pay Withdrawal Fees.

When a student withdraws from one of several types of “intensive” courses, the refund will be as follows:

Weekend Course (5 weekends, including 10 Friday/Saturday sessions)

• Before opening date of the course, 100% refund of tuition
• Before 2nd weekend begins, 90% refund of tuition
• Before 3rd weekend begins, 60% refund of tuition
• Before 4th weekend begins, 30% refund of tuition
• After 4th weekend begins, no refund

The date of withdrawal shall be the date on which students notify SGPS (by phone, e-mail, or in person) of their intent to withdraw. Failure to complete the entire withdrawal process will result in the forfeit of the expected refund. For policies governing “Withdrawal from Courses” and “Withdrawal from the University,” see below under “Academic Regulations.” Because SALT courses are highly discounted, no refunds will be given once a student begins such a course. Instead, the University will use those funds to pay the instructor and cover the other expenses incurred. If students fail a course and then repeat it, they will again be assessed tuition (at the current rate) for that course.