Comprehensive Fee, Payment Plans, and Refund Policies

Student assessments provide approximately 70% of the annual income required to support the College's operating budget. Other funding is provided by endowment income, corporate, foundation, and government grants, and by contributions from alumni and friends of the College.

Comprehensive Fee and Other Charges

The 2017-2018 comprehensive fee is $50,680 and includes a double room and choice of meal plans. Students choosing to live at home with parent(s) will be given a room credit and, if they wish, a meal plan credit. Other students granted permission to live off-campus will receive a room credit only, as they are required to participate in a meal plan.

There is a non-refundable surcharge for long-term residential study abroad programs, and an additional charge for CentreTerm study abroad opportunities.

During the course of the year additional charges may be assessed for various miscellaneous items such as library fines, parking fines, health service fees, and room damages. Monthly statements will be sent to the student’s permanent address indicating any additional charges assessed in the prior month, which are due upon receipt of the statement. Additionally, there are course fees assessed for applied music courses and certain art courses, as well as the student initiated $20 annual green fee. A $300 non-refundable deposit will be expected in the spring for those students who plan to return for the 2018 fall term.

A single room occupancy charge is assessed for any academic term that a student does not have a roommate unless the Dean of Student Life or Director of Student Life and Housing informs the Finance Office that an exception should be made. The charge is $975 for each fourteen-week term.

Payment Plans

Term Plan – The net charges for the Fall Term are to be paid in full by August 14, 2017. The Spring Term net charges are to be paid in full by December 21, 2017. There is no fee associated with this plan unless a credit or debit card is the payment method.

Monthly Plan – This plan offers a 5 or 4 month payment option for the fall and spring. This program is interest free with the fall first payments due on July 10 or August 1 and the spring first payments due on December 10 or January 1. Monthly payments are made online through Centre ePayment. There is an enrollment fee of $35.00 each term and enrollment is required to participate in a monthly plan. A payment plan is automatically cancelled if two payments are missed.

Refunds

If a student withdraws from the College, a refund/reduction of charges will be made based on the following schedule for the respective fourteen-week terms:

 Fall Term

Aug. 28-Sept. 3: 80% Refund

Sept. 4-10: 60% Refund

Sept. 11-17: 40% Refund

Sept. 18-24: 20% Refund

Sept. 25 and after: 0% Refund

Spring Term

Jan. 31-Feb 6: 80% Refund

Feb. 7-13: 60% Refund

Feb. 14-20: 40% Refund

Feb. 21-27: 20% Refund

Feb. 28 and after: 0% Refund

Institutional and Kentucky financial aid credits may be adjusted as a result of any decrease in charges based on the above table due to withdrawal from the College. If a student violates the terms and conditions of the student housing contract or other College regulations, and such violation results in disciplinary action which includes some form of suspension or expulsion, this refund policy does not apply and the student will be held liable for the full charges for that term. Recipients of federal and state financial aid are subject to the federal “Return of Title IV Funds” policy, which mandates how funds are to be refunded. A copy of this policy is available in the Finance Office.

Additional Financial Information

Student billing statements are mailed to the student at his/her permanent address. If a campus or alternate billing address is required, a form containing such information must be completed by the student in the Registrar’s Office.

Interest will accrue at the rate of 1.5% on the last business day of each month on the unpaid balance. This does not apply to students who are participating in the monthly payment plan. A student's account must be paid in full before any monies are accepted for the next year's CentreTerm trip deposits.

A student cannot receive official certifications, including transcripts and grades, from the College if he/she is delinquent with any financial obligation to the College. Additionally, a student will not be permitted to participate in any pre-registration activities if there are unpaid balances owed to the College. If an unpaid balance remains after the student has graduated or withdrawn, the student will be responsible for all attorney fees and other reasonable collection costs and charges necessary for the collection of the unpaid balance.

Normally, the comprehensive fee is assessed for all regular, degree-candidate students, including students permitted by the Associate Dean and the Dean of Student Life to drop to part-time status. (See the “Classification of Students” section under “Academic Services and Policies” for restrictions on part-time enrollment). An appropriate part-time tuition rate is assessed for part-time students (fewer than 12 credit hours in the long term) only under the following circumstances:

  1. For special students (non-degree candidates);
  2. For regular, degree candidates enrolled for a ninth long term or longer following eight long terms of full-time enrollment; and
  3. For non-traditional, degree candidates who cannot enroll full-time due to family or work obligations. For the purpose of this policy, “non-traditional” is defined as students 24 years or older not living on campus or with parents/guardians.

NOTE: Part-time students are ineligible for, or face restrictions on, certain types of financial aid and loans, including Centre aid and awards. Students should consult the Financial Aid Office before enrolling part-time.

Enrollment of readmitted students and of students returning from a leave of absence is subject to clearance from the Finance Office to make certain that the student has no outstanding financial obligations to the College. In addition, the payment of a $300 non-refundable deposit is to be made to the Finance Office.

Personal checks are accepted on campus and Visa, MasterCard and American Express are accepted in the Bookstore, the Finance Office, and online through Centre ePayment. There is a $25 charge for all returned checks and a 2.75% fee when using a credit or debit card in the Finance Office and on Centre ePayment. Personal checks up to $100 may be cashed at the Finance Office by showing a current student ID card. The cashier’s window is open from 8:30am – Noon and from 1:00pm - 4:30pm, Monday - Friday.

An elective health insurance plan is available through an independent company. For more information visit the Parsons Student Health Center web-page. All international students are required to participate in Lewer Health insurance charged once each term.

Students are responsible for the individual or family insurance coverage of personal belongings and automobiles brought to the campus. Centre College will not assume any liability for accidental loss or damage incurred.