Financial Information

FEE SCHEDULE

Program Application Fee (nonrefundable) $25
Syllabus Fee $5 / credit hour
Tuition (per credit hour) $210
CDC Portfolio Evaluation Fee (per credit hour applied for) $25
CDC Credit Granted (per credit hour transcripted) $25
CLEP, DANTES (per credit hour transcripted) $25
Diploma/Graduation Fee $50
Withdrawal Fee $250

At registration the student must either pay semester tuition in full or arrange for a payment plan with the Vice President of Finance and Operations.

If an employer will cover the cost of tuition and fees, the required documentation must be provided BEFORE registration.

Students may pay by cash, check, or money order.  FFCU also accepts VISA and MasterCard.  There will be a $20 charge for all returned checks.

BOOKS AND MATERIALS

Students are responsible for ordering their own books. The Syllabus Fee is charged per credit hour which covers the cost for the Student Guides and any other course handouts. The Syllabus Fee must be paid in full at or by Registration.  The Student Guides will be handed out or e-mailed prior to the beginning of each course.

PAYMENT PLAN

A minimum of 25% (of the total cost of the semester tuition and all of the Books and Materials fee) must be paid at or by registration.  To use the payment plan the student is required to sign a Payment Agreement.

The student will be required to pay in 3 subsequent equal installment payments.  The payments must be made on the following schedule:

  • The SECOND PAYMENT must be made on the 1st day of the second month from the month in which the first installment was paid at registration (for example if the 1st installment was paid on September 15th, the second installment would be due on the 1st of November).
  • The THIRD PAYMENT is due on the 1st of the next month (in the example above the 3rd payment would be due on December 1st).
  • The FOURTH PAYMENT is due on the 1st of the next month (in the example above the 4th payment would be due on January 1st).

A $20 late fee will be assessed for each monthly payment not received by the 10th of the month.

The unpaid balance must be paid by the end of the semester.  A student will not be permitted to enroll in a subsequent semester if the cost of the previous semester is not completely paid.

NOTE: The Application Fee only applies for enrollment in the program and is not paid in subsequent semesters.

FINANCIAL AID

APPLICATION

To determine financial aid eligibility in a timely manner, the student must contact the Financial Aid Office at least FOUR weeks prior to the beginning of a semester.

Each application for federal or state financial aid begins with the Free Application for Federal Student Aid (FAFSA), which is available through the ADVANCE Office or online at http://www.fafsa.ed.gov/.  This must be completed by all students in order to determine eligibility for grants and loans.

The Financial Aid Director will answer questions and help estimate eligibility for financial assistance.  The Financial Aid Office may be reached during regular office hours (9:00 a.m. to 3:00 p.m., Monday through Friday) or by appointment.  Call (405) 777-8451.

GRANTS AND LOANS

The awarding of grants and scholarships depends upon a variety of factors, but primarily, the student’s demonstrated financial need.  Some of the most common forms of grant assistance are the Federal Pell Grant and the Federal Stafford Loan Program.

Federal Pell Grant: The Pell Grant is a grant from the federal government to the student.  To apply the student must fill out the Free Application for Federal Student Aid (FAFSA) found at http://www.fafsa.ed.gov/.  Financial aid is based on income and other factors such as the number of family dependents.

Federal Stafford Loan Program: The Stafford loans are either subsidized or unsubsidized.  The student can receive a subsidized loan and an unsubsidized loan for the same enrollment period.

A subsidized loan is awarded on the basis of financial need.  The student will not be charged any interest before beginning repayment or during authorized periods of deferment.  The Federal Government “subsidizes” the interest during these periods.

An unsubsidized loan is not awarded on the basis of need.  The student will be charged interest from the time the loan is disbursed until it is paid in full.  If the interest is allowed to accumulate, it will be capitalized – that is, the interest will be added to the principle amount of the student’s loan and additional interest will be based upon the higher amount.  These loans must be repaid by making payments beginning six months after a student graduates, leaves college, or drops below half-time enrollment.

EMPLOYER TUITION REIMBURSEMENT

1.   The employer must provide the following to the ADVANCE Office:

  • A copy of the employer’s Tuition Reimbursement Plan/Policy.
  • A letter from the employer stating when and how the tuition reimbursement payment will be made.

2.   The Books and Materials Fee for the semester must be paid in full at or by Registration.

3.   If the employer’s plan calls for payment at the end of each course or at the end of the semester, the plan must be approved by the Vice President of Finance and Operations.  FFCU will provide the cost of tuition along with a notification of the student’s successful completion of modular courses or a semester according to the employer’s requirements for reimbursement.  If the tuition reimbursement plan covers less than 100% of the tuition, the student will be required to pay at the beginning of each semester the portion of tuition not covered by the employer tuition reimbursement.  The student will be responsible for the payment of any portion of the tuition in the event the employer does not pay the agreed upon tuition reimbursement.

Other resources to prospective students concerning federal financial aid are:

Completing the FAFSA: http://studentaid.ed.gov/students/publications/completing_fafsa/index.html

FAFSA Forecaster and other Student and Parent Information:

http://www.federalstudentaid.ed.gov/

National Student Loan Data System (NSLDS – Student Access):

http://www.nslds.ed.gov/nslds_SA/

Private Student Loans: Understanding the Cost of Borrowing (OCAP)

http://www.ocap.org/Publications/Private_Loan_Brochure_2.pdf

Oklahoma Money Matters

http://www.oklahomamoneymatters.org

REFUNDS

If a student decides to terminate enrollment at Family of Faith Christian University prior to the scheduled end of the semester and seeks a refund from Family of Faith Christian University, he must notify the Registrar in writing to officially withdraw. A pre-printed form for this purpose can be obtained from the Registrar’s office upon request. This notification must contain the student’s termination date.  The student will assess a withdrawal fee. All refunds due to the student, minus the withdrawal fee, will be paid within 30 days from the official termination date. All refunds shall be calculated from the official withdrawal date. The student will not be entitled to a refund from Family of Faith Christian University if official withdrawal procedures are not followed. Refer to Family of Faith Christian University’s Return to Title IV Funds policy for details concerning refunds, repayment obligations, and/or late disbursements of Federal Title IV Student Financial Aid (a copy of this policy can be requested from the Financial Aid Office). Tuition is calculated on a semestral basis. Since it is quite possible that a student may have to withdraw in the middle of an academic year (that is, between semesters), refunds can be calculated on a semestral basis.

DETERMINING REFUNDS

Rejection

An applicant rejected by the school shall be entitled to a refund of all monies paid less the stated application fee.

Three-Day Cancellation

All monies paid by an applicant will be refunded if requested within three days of making an initial payment.

Other Cancellations

  • Termination prior to the first day of class: applicant is entitled to a refund of all monies paid minus the registration fee.
  • Termination during the 1st week of the semester: the university retains 10% of the stated tuition. In addition, the student will be assessed a $250 withdrawal fee.
  • Termination during the period from after the 1st week through the 4th week of the semester: the university retains 50% of the stated tuition. In addition, the student will be assessed a $250 withdrawal fee.
  • Termination after the 4th week of the semester: the student is not entitled to a refund of tuition. Therefore, the university will retain 100% of the stated tuition. In addition, the student will be assessed a $250 withdrawal fee.
  • Monies paid for housing not used as a result of termination will be refunded on a pro-rata basis, using a 30-day month as a basis for calculating the daily charge.

ONLINE COURSE REFUND

  • No fees are refundable.
  • The most significant date for online courses in the Class Start / First Login Day.
  • If a student withdraws in writing before the 1st login day of online class, the student will be entitled to a 100% refund of tuition.
  • If a student withdraws in writing during the 1st week of online class, the student will be entitled to a 90% refund of tuition. In addition, the student will be assessed a $250 withdrawal fee.
  • If a student withdraws in writing during the 2nd week of online class, the student will be entitled to a 40% refund of tuition. In addition, the student will be assessed a $250 withdrawal fee.
  • After the second week of online class, no tuition refund will be given. In addition, the student will be assessed a $250 withdrawal fee.
  • Please note, withdrawal from online courses will affect Title IV (Pell and FFEL loan amounts.)

FEDERAL AND STATE REFUND REQUIREMENTS

If the tuition, fees and housing costs were paid with Federal Title IV, HEA funds (financial aid monies), all or a portion of the student’s refund must be returned to the student aid programs from which the money was awarded. A student who receives a cash disbursement to assist with living expenses and then withdraws, drops out, or is expelled, may be required to repay money to the aid programs from which the money was awarded.

A complete copy of the Title IV Policies can be obtained by contacting the Financial Aid Office.

CDC FEE (CREDIT BY DEMONSTRATED COMPETENCY)

FFCU assesses a $25 Portfolio Evaluation Fee for each credit hour by Demonstrated Competency (CDC) for which the student applies and a $25 fee for every hour of credit the university accepts.  For example, if a student applies for 10 credits and the university accepts 7 credits, the university charges the student $425 ($25 x 10 credits = $250) plus ($25 x 7 = $175).  A faculty member in the appropriate field of study evaluates a student’s work to determine acceptable credit.  CDC is limited to not more than 30 units of credit.