Fiscal Affairs

• Expenses
• Special Fees
• Payment of Accounts
• Past Due Student Accounts
• Institutional Refund Policy

Expenses

As a private, faith-based institution, Arkansas Baptist College receives no support through taxes or public revenue. In fact, tuition covers only a part of the actual expenses involved. Support from the endowment, gifts, and grants from alumni, friends of the college, organizations, and churches help to keep direct costs as low as possible. The College administers an extensive financial assistance program; no prospective student should overlook Arkansas Baptist College for purely financial reasons until investigating fully the amount and types of aid available.

Basic Charges

As of the 2023-2024 academic year, the following basic student charges apply:

Fall or Spring

Stampede Session

* Curriculum Fee-based on $20 per credit hour

Summer

* Curriculum Fee-based on $20 per credit hour

Special Fees

Payment of Accounts

Charges for tuition, room, board, and fees are due and payable at registration. Students are personally responsible to the College for payment of their financial obligations. Registration may be cancelled upon nonpayment. Transcripts, grades, and diplomas will not be provided to students until their accounts are paid in full.

While a student may have submitted a class schedule (registration) to the Office of the Registrar, a student’s registration is only confirmed upon satisfactory completion of all financial obligations to the college. Completion of financial obligations may occur through payment in full of tuition, fees, room, and board less any applicable financial aid; covering the entire account balance with financial aid; or enrollment in the college’s payment plan.

Students who are not confirmed or have no satisfactory payment plan on record with the Business Office may forfeit their pre-registered courses and will be removed from all class lists and will be charged tuition, room, board, and fees according to the refund schedule. Students removed from classes may register again when all financial obligations have been settled; however, these students cannot be guaranteed space in their original classes. Students who fail to confirm registration will be required to vacate residence halls within 24 hours, will not be allowed to access campus services (including dining privileges), must pay for any room/ board charges incurred, and will be subject to the institution’s refund policy.

All student accounts shall be paid in full by the end of each semester, including charges incurred during the semester. Students whose accounts are not current at the end of a semester will not be allowed to preregister for subsequent semesters or, if pre-registered, will have their registration removed.

Past Due Student Accounts

Students with a past due account(s) will not be permitted to register or, if pre-registered, the registration will not be valid for the next semester, nor will the student receive a transcript or a degree. At the end of each semester, any student with an open account assumes responsibility for all collection and legal fees, if any.

Institutional Refund Policy

When students have been accepted by Arkansas Baptist College and are duly registered, they have explicitly entered into a contract with the institution for the semester in which they are enrolled. Therefore, all fees applicable for that semester will be charged. The College recognizes that from time to time there may be extenuating circumstances that affect the registration status of a student. However, the Financial Aid Office is required to administer a return of federal funds that complies with the Higher Education Act Reauthorization of 1998 should a student withdraw before completion of the semester.

Title IV funds are awarded to students under the assumption that the student will attend school for the entire period for which the federal assistance is awarded. The Financial Aid Office must recalculate federal financial aid eligibility for students who fail to attend, drop out, resign (officially or unofficially), or are dismissed prior to completing greater than 60% of the enrollment period.

Official withdrawals occur when students complete and submit an official notice that they will no longer attend the College or make it known to a College official of their intent to withdraw from school. Unofficial withdrawals occur when students fail to attend classes. It is the students’ responsibility to officially “drop” a class or resign from the College. If students fail to do so, then an “F”, “W”, or “WF” grade will be entered. The students’ attendance will be reviewed at theend of each semester to determine if the Return of Title IV Funds must be applied.

FY 2023 - 2024