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Financial Responsibility
CHARGES AND FEES
Charges and fees are itemized on a separate insert so that current figures can be given for the years this catalog is in effect.
Send any questions concerning them to the Chief Financial Officer, 911 East Urbandale Drive, Moberly, MO 65270.
REGISTRATION PAYMENT POLICY
A student cannot attend classes unless the student's bill is paid in full with these exceptions:
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If a student has completed the process for federal financial aid, the College will require only that the student pay the obligation that
will remain after application of this aid and the full-tuition scholarship, if applicable. Completion of the federal financial aid process includes completing all forms required to receive the aid,
including, but not limited to, the FAFSA (Free Application for Federal Student Aid), tax returns, and loan documents (if applicable).
Completion also means satisfying the requirements of verification, if selected.
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The College may consider non-federal awards (from churches, service clubs, or other promised awards) and decrease the payment required prior to attending classes by the amount of such awards only if the College receives written notice stating:
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The award name and sponsor
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Award amount
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When the award will be disbursed
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That there are no restrictions in the student receiving such award other than enrolling at the College.
The student retains the obligation to pay all fees as listed on the charge sheet even when it is anticipated that federal or non-federal awards, grants, scholarships and/or loans
("financial aid") shall cover all or a portion of the fees. If any financial aid does not come to fruition for any reason, the College shall inform the student in writing.
The student shall have seven days from the date of this notification to pay the remaining obligation. Nonpayment within those seven days will result in the student's immediate withdrawal from the College.
REFUND POLICY
No refunds on any fees or charges will be given to students who are dismissed or who officially withdraw from all or a portion of their classes or programs. There are only a few exceptions to this policy:
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If a student has received orders to report for Active Duty in the Military, the student must present a copy of their military orders to the Chief Financial Officer for verification.
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If a student becomes unable to attend school due to a medical condition, the student must present a written medical release from attending classes from his/her doctor. This release must be presented to the Chief Financial Officer for verification.
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If a student's immediate family has an emergency because of major illness, death, or other family loss which would cause undue hardship for the family if the student did not return home, that student may be considered for a refund.
A written request must be submitted by the student's parent or guardian and the student explaining the situation and requesting to be excused from further class attendance.
Approved exceptions will be refunded based on the date of approval.
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First week of class - 90% refund of semester fees paid.
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Second week of class to the end of the semester - The refund is prorated for the actual time the student was in class at Central.
FEDERAL RETURN OF FUNDS POLICY
The U.S. Department of Education has developed software for colleges to calculate the return of Title IV funds.
Central will use this software to calculate the appropriate return of funds for students who officially withdraw from all classes and have received
Federal Title IV financial aid for the current semester of enrollment. Central will provide upon request a printout of the calculation formula generated by the software.
In many instances, students whose accounts were "paid in full" at the beginning of the semester may end up owing Central after withdrawing due to the differences in the General Refund Policy of Central
and the Federal Return of Funds Policy. Other students who have received federal grant funds to pay for non-institutional costs may end up owing repayments to both Central and the federal government.
NEW STUDENT RESERVATION/ORIENTATION FEE
A "new student" under this policy is defined as one who will be taking seven or more hours at Central for the first time. A new student, in order to reserve a class spot and register for classes, must pay a one-time non-refundable
"New Student Reservation/Orientation Fee." The amount of the fee is listed on the most recent schedule of fees.
RETURNING STUDENT PRE-PAYMENT RESERVATION POLICY
In order to reserve a position in next year's class, all current residential students will be required to make a non-refundable pre-payment of 10% of the minimum fall balance by June 1,
less all federal financial aid completed by the May 1 deadline. This is not a fee, but simply requires an early payment of fees that will be due during the next registration.
This prepayment reserves the student's position at the college for the fall semester.
If the pre-payment is not made by June 1, the student loses his or her pre-registered class schedule, dormitory room reservation, and roommate preference.
Should the student pay the fee after June 1, the student may be reinstated if space allows.
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