Tuition and ExpenseS
Payment Information
FINANCIAL
ASSISTANCE
For a complete listing
of current registration and related fees, visit the financial affairs
website at www.troy.edu.
Payment of
Registration Expenses
The payment of charges for tuition, fees, room, and
board is part of the registration process. Troy University encourages full
payment of all tuition and related fees by the last day of the regular
registration period for the current semester or term. Payment of fees may be
made on-line using Trojan Web Express or at the office of the Student
Financial Services. Troy University accepts Visa, MasterCard, Discover,
money orders, checks, and cash.
Payment Plan
Troy University offers a tuition and fees payment plan
which helps in budgeting college costs but requires financial planning by
students and their families.
Students are required to pay all previous term balances
and one-third of all semester charges by the last day of regular
registration for the current semester or term in order for registration to
be complete. Students with an account balance after the first payment due
date will be assessed a $25.00 payment plan fee. To meet the one-third
requirement, students may apply the following:
-
Awarded institutional scholarship
-
Awarded financial aid
-
Payment by cash, check, money
order, or credit card
The remaining semester balance may be paid in two
installments. Failure to pay the entire balance of tuition and fees by the
third payment date will result in a late fee of $50.00. Also, failure to
satisfy financial obligations to the University will result in having a
restriction placed on future class registrations, possibly having the
account assigned to a collection agency, and non-release of transcripts.
The essential ingredient for a successful
registration is for students to plan early.
Payment of
Account Summary
-
At least one third of all
tuition, fees, and charges are payable by the last day of regular
registration. If the 1/3 payment is not paid by the last day of regular
registration, a student must re-register during late registration. When a
student registers during the late registration period, at least 1/3 of all
tuition, fees, and charges are due at the time of late registration. The
remaining balance will be required in two payments due approximately one
month apart. Failure to pay all charges by the third and final payment date
will result in a late payment fee.
-
Registration is not complete
until all previous term balances plus one third payment of tuition, fees,
and charges or satisfactory arrangements through approved scholarships,
financial aid, etc. have been made.
-
It is the responsibility of the
students to pay account balances by the established payment due dates.
Clearance of
Obligations
All financial or other obligations to the University
must be cleared prior to the end of each semester or term. An outstanding
balance for a prior semester or term must be paid before the student will be
allowed to register for subsequent semesters or terms. Transcripts will not
be issued if financial obligations have not been satisfied. Failure to meet
financial obligations to the University could subject the student to
additional late payment charges, as well as collection cost.
Miscellaneous
Expenses
In addition to registration expenses, miscellaneous
expenses may be incurred by students. These charges are payable when
incurred.
Offset of Funds
If there is an outstanding account balance, and the
University has in its possession any funds payable to the student, the
University reserves the right to withhold funds necessary to pay the
outstanding balance and cover any collection costs incurred. Once accounts
are paid, any remaining balance will be refunded to the student.
Change in
Regulations or Expenses
All financial regulations, fees, or charges are
subject to change as conditions warrant.
Student Bank
Loans
Student bank loans are disbursed each semester or
term. Most bank loans are disbursed electronically. Loan disbursement
information is not given over the telephone; inquiry must be made in person.
Students may reference their promissory note for loan disbursement dates to
determine when to expect loan proceeds. All loan applicants are required to
participate in an entrance interview on the web at www.KHEAA.com concerning
their financial obligation as recipients of loan funds.
Funds Held
Troy University acts as an agent holding
miscellaneous scholarship funds from donors to be applied to the accounts of
students. All transactions relating to a funds-held account must take place
at the office of Student Financial Services.
Drops,
Withdrawals and Refunds
See the index
for additional information regarding drop and withdrawal.
Course Drops — Contact the Registrar for drop/add
procedures.
Administrative Drops:
The Provost or his/her designee will determine whether an
administrative drop/add is appropriate. No administrative drop/add will be
processed without the signature of the Provost or his/her designee. Requests
for administrative drops will be handled on a case-by-case basis.
Non-administrative
Drops:
Student charges are not reduced for non-administrative drops.
A drop fee will be charged for non-administrative course drops.
Withdrawal — Contact the Registrar for withdrawal
procedures.
Official withdrawal will result in 100% refund of
charges for tuition, laboratory fees, technology fees and student activity
fees through the first week of classes (five calendar days from the term’s
class begin date.) No refund of these charges will occur after the first
week of class. For weekend classes, no reduction of charges will occur after
the second class meeting.
-
Withdrawal
fee:
A fee will be assessed at the time of withdrawal.
-
Ineligibility
for refund:
A student who is withdrawn by the University for
disciplinary reasons or non-payment is not eligible for refunds of any
nature.
-
Application
for admission fee:
This fee is non-refundable.
-
Housing
application fee:
This fee is non-refundable.
-
Housing
charges:
Room/apartment rent is non-refundable once the term begins.
-
Board
charges:
Meal plans are refundable on a pro-rata basis in units of
one week. A fractional part of a week will be counted as one week.
-
Special
note:
Students who register, do not attend, and do not follow
official withdrawal procedures will be responsible for all semester charges
including room and board.
Refunds will be applied to any outstanding obligations
and to any scholarship, grant, or loan received for the semester or term.
Students may encounter extenuating circumstances that
warrant an exception to the refund policy.
Withdrawals for
Students Receiving Title IV Aid
In addition to the above, if a student is a recipient
of Title IV aid [Pell Grant, Supplemental Education Opportunity Grant
(SEOG), Stafford Loans, Plus Loan, and Perkins Loan], federal regulations
administered through the U.S. Department of Education will apply. If a
recipient of Title IV aid withdraws during the term, the university will
calculate the amount of aid the student did not earn, and the unearned
portion will be returned to the Title IV programs. The student is
responsible for any charges which are unpaid as a result of the return of
Title IV funds.
Generally speaking, a student earns Title IV aid based
on the number of days completed during the term prior to withdrawal. Once
60% of the term has been completed, the student is considered to have earned
100% of the Title IV aid awarded.
Drop and
Withdrawal Procedures
To initiate withdrawal from the university, students
should contact their respective campus registrar.
See the index for additional information
regarding drop and withdrawal.
In-State and
Out-of-State Status
In-state or out-of-state status concerns or questions
should be directed to the office of Admissions/Enrollment Management.
Parking Decals
Students who use campus parking are required to
purchase parking decals.
E-Commerce System
Troy University’s E-Commerce system allows students
to use the latest technology to complete business transactions with the
University. Using the Web Advisor program, E-Commerce offers the following
on-line features to students:
To view this feature, visit Trojan Web Express at
www.troy.edu.
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