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Financial Information

Penn View Bible Institute seeks to provide a quality Christian Education at a minimal cost to a maximum number of students. In accordance with this goal, tuition, fees, and room and board rates are kept as low as possible in order to make this education available to a broad range of prospective students. The administration is aware that these charges provide only a portion of the income necessary to meet our operating expenses, and relies on gifts and contributions from individuals, churches, businesses, etc., to provide the remaining necessary income.

For this reason, we must insist that all financial obligations be cared for according to the terms as described in the following sections. The school depends to a great extent upon this contractual income to meet its routine operating expense requirements. The prospective student should realize that the cost of his education is being borne in part by contributions from loyal school supporters and by the sacrificial labor of faculty and staff members, and should not take lightly the fulfillment of his financial obligations.

Schedule of Charges
Current charges effective 6/01/2014

Tuition — per semester

Full Time (12-18 hours)

$2,280.00

Part-Time/Overload (per hour)

$190.00

Audit (per hour)

$95.00

Fees — per semester (non refundable)

Application Fee

$25.00

Registration

$44.00

Late Reg. - Additional Charge

$35.00

Other Fees (non refundable)

Student Accidental Insurance (Annual charge)

$70.00

General Service Fee

$100.00

Transcript Fee (first one is at no charge)

$5.00


Applied Music — per semester

$230.00



Room & Board — per semester

Private Room-Men's Dorm / Ladies' Dorm with shared bathroom

$1,400.00

Semi-Private Room

$1.235.00

Private Room - Ladies' Dorm

$1,730.00

Board

$1,265.00

Laundry Charge

$125.00

Appliance Charge

$30.00

Room Deposit (Initial Semester Only)

$50.00

 

Payment Terms

All students are required to arrange for full payment at the time of registration. This may be in the form of a single payment at registration or in the form of monthly installment payments as provided in our deferred payment option. Terms of the various payment plans are described below.

  • A minimum down payment is required at registration. This amount is equal to 20% of the total semester charges or the total of all fees whichever is greater.
  • A 2% cash discount will be given for all accounts paid in full at registration or within thirty days after registration.
  • The balance of the account is payable in four equal monthly installments over the course of the semester. Such installments are due on the fifteenth of each month according to the following schedule: First Semester - fifteenth of September, October, November, December InterSession - fifteenth of January Second Semester - fifteenth of February, March, April, May
  • Maximum balance limits for re-enrollment are as follows:
    • First Semester - $0.00
    • Second Semester - $500
  • All obligations (school account, bookstore, etc.) must be paid in full to participate in graduation ceremonies. A late payment fee of $15.00 will be added to accounts that have an outstanding balance after the fifteenth of each month. Monthly finance charges may be added to accounts with outstanding balances at the close of the academic year.

Miscellaneous Information

Satisfactory arrangements for all financial obligations must be made before a student will be permitted to participate in commencement exercises, enroll for another semester, or receive a transcript of grades or hours accomplished. Each dormitory student is required to render a stated number of hours of work time to the school each week. This is considered to be as essential a part of the student's financial obligation as the actual monetary charge. An assessment will be added to the student's bill for each delinquent work hour. The number of required hours and the assessment rate will be established by the administration.

No adjustment of room and board rates or work hour requirements will be made for students who take frequent weekend leaves.

A student who becomes delinquent in his monthly installment payments may be asked to withdraw from school until his account is brought to a current status.

Students with regular outside employment or who receive regular assistance (social security, V.A. benefits, etc) may be required to pay a percentage of each check on their account. The student shall consult with the Director of Finance to arrive at an acceptable payment amount.

The administration reserves the right to adjust the published fee schedule at any time without prior notice.

Refund Policy: General

Students wishing to withdraw prior to completion of a full term of study may do so only after properly completing a withdrawal petition. Such petitions are available from the Registrar and are submitted to the Academic Dean for approval, then signed by the President. Approved petitions are forwarded to the Business Manager for a refund calculation. Refunds for tuition and room and board are calculated according to the following schedule: Fees other than tuition, room and board are non-refundable. Refund Policy: Veterans In the event a student admitted under the V.A. Program fails to enter school, withdraws, or is discontinued for any reason any time prior to the completion date, the actual amount charged the veteran for tuition, fees, and room and board shall not exceed the approximate pro-rata portion of the total charges based on the ratio the completed portion bears to the total length of the course. Financial Aid & Employment For those students who must work to meet their school expenses there are several employment opportunities in the area. Although the school cannot assume the responsibility of guaranteeing a job, we will do our best to help students become aware of the possibilities that exist. In addition, the school offers a number of part-time work scholarships. Interested prospective students should request a work scholarship application when applying. Scholarships Penn View offers several academic scholarships. Eligible students should complete scholarship application requirements.