Financial Information

Financial Services

Three ATMs (automatic teller machines) have been placed on campus for the students’ banking needs. Any ATM card may be used; however, there is usually a nominal charge for using ATM cards not issued by Regions Bank or Hancock Bank.

Regions Bank and Hancock Bank will provide free checking account services; no minimum balance required. Bank representatives are on campus periodically to assist students in opening their checking accounts.

All checks to the Seminary or College for tuition and fees should be made out for the exact amount owed since the Business Office does not provide banking and check-cashing services.

Cancellation and Withdrawal Policies

Fall and Spring

Any student who does not cancel his reservation at least one week before the formal beginning of the semester for which he is enrolled must pay within 30 days 25 percent of the full semester’s tuition. (Deadline for fall semester is 4 P.M., Monday, August 29, 2011; spring semester is 4 P.M., Sunday, January 15, 2012.)

After a student has enrolled in the Seminary or College, any action that would cause the student to leave the Seminary or College before routine completion of the semester (voluntary or involuntary) will be considered a withdrawal.

To withdraw from the Seminary or College with official approval, a student must have a withdrawal form properly executed by the Academic Offices.

A student whose withdrawal is officially approved and whose departure is before the end of the first three weeks of the semester owes all fees for the semester and the semester’s tuition according to the following schedule:

During first week—25% tuition Fall: check-in—Sept. 11, 2011 Spring: check-in—Jan. 28, 2012	During second week—50% tuition Fall: Sept. 12–18, 2011 Spring: Jan. 29–Feb. 4, 2012
During third week—75% tuition Fall: Sept. 19–25, 2011 Spring: Feb. 5–11, 2012	After three weeks—100% tuition Fall: after Sept. 25, 2011 Spring: after Feb. 11, 2012

A student is entitled to a full refund of tuition and Registration Fee prior to commencement of instruction if the student submits a written request to the Seminary or College within three working days of the payment. A residence hall student owes room and board at a prorated amount based on the length of his stay.

Summer

Cancellations must be made at least 48 hours before the beginning of any 2011 summer session to avoid a monetary penalty. The deadline time is 4:30 P.M. CDT on the dates below.

Session I	Saturday	June 18
Session II	Monday	June 27
Session III	Friday	July 8
Session IV	Sunday	July 17
Session V	Tuesday	July 26

Any student who does not cancel his reservation by the above deadlines must pay within 30 days the full tuition for that session. A student is entitled to a full refund of tuition and Registration Fee prior to commencement of instruction if the student submits a written request to the Seminary or College within three working days of the payment.

If a student comes and claims his reservation but withdraws before completing the session, he is responsible for full tuition for the course that session (exception: students taking 3 courses each day—see the Business Office Supervisor). A residence hall student owes room and board at a prorated amount based on the length of his stay. Any balance on his account must be paid within 30 days.

Withdrawal

Whenever a student’s status is changed to “withdrawal” and the student owes money on his account, the money is due upon withdrawal. Interest of one percent per month (12% APR) will be charged beginning 30 days after the withdrawal on the unpaid balance until the debt is paid in full.

Should a student leave the Seminary or College for any reason after having paid more than the amounts outlined above, a refund is made to him for any overpayment; but no other refund is made to a student for any other reason. No refunds are issued on a student’s account until after the third week of school has been completed.

For a student to withdraw from a class, he must obtain written permission from the Registrar and submit it to the Records Office.

When a student is accepted for fall semester, he is expected to remain a student at the Seminary or College for both fall and spring semesters of that academic year. The student’s reservation is automatically carried over from fall semester to spring semester within a given school year. Therefore, if a student withdraws at the end of fall semester, he must notify the Seminary-Graduate Studies Office in writing.

Notice of Liability

Pensacola Theological Seminary and Pensacola Christian College are not liable for damage to any personal belongings of students under any circumstances including the event of a catastrophe, such as but not limited to windstorm, flood, hail, riot, riot attending a strike, civil commotion, explosion, fire, smoke, and vehicle or aircraft accidents. Neither the Seminary nor the College are liable for theft of personal belongings of students, staff, or faculty members.