Financing Your Education

Payment Policy

Financial arrangements for all student charges must be settled by the published deadline. If the student is unable to pay the total balance due (after guaranteed financial aid), the student may join an interest-free monthly payment program. This program provides an opportunity to make monthly payments with no interest, borrowing, or hidden fees. For a low enrollment fee of $55.00, the student can participate in this plan and take 8 to 10 months (depending on the enrollment date) to pay for the tuition for the fall and spring semester. Students who do not pre-register must be prepared to select a payment plan and make an initial payment at the time of registration.

If a student has any financial obligation to Belmont, the student will not be allowed to register for any subsequent semester until the account is paid. Belmont reserves the right to withhold the diploma and official transcript from students with delinquent accounts.

Housing Contract

All residential students will be required to comply with a nine-month contract.

Refund Schedule – Complete Withdrawals

Registration at the university is considered a contract binding the student for the entire semester. Many commitments of the university are based upon the enrollment anticipated at the beginning of the semester.

Any student refusing to conform to the disciplinary rules of the university or being suspended for academic reasons will forfeit all claim for any refund.

After the late registration period, there will be no refund of fees.

When a student officially withdraws from all courses (Fall or Spring), any refund of tuition will be governed by the following policy calculated from the first official day of classes for the term (less a $25 withdrawal fee):

Room and board may be pro-rated should a student completely withdraw from school based on the percentages and dates above. However, no refund will be considered past the fifth week of classes in any semester.

Refund of Credit Balance

Any student who has a refundable credit balance on his/her account will receive a refund check. After the first refund date in each semester, refunds will be processed weekly. If an account has a refundable credit balance by noon on Tuesday, a refund will be available on the following Friday at Belmont Central. All refunds not picked up will be mailed to the Financial Address after 3:00 p.m. on Friday. It is the student¹s responsibility to keep the University Registrar informed of any address changes. Belmont cannot be responsible for delays caused by inaccurate addresses.

Statement of Liability

Should a student leave Belmont University owing on his/her account, he/she will be liable for all attorney¹s fees and other reasonable collection costs and charges necessary for collection.

Financial Aid for Graduate Students

Graduate students are eligible to apply for the Federal Subsidized Stafford Loan and the Federal Unsubsidized Stafford Loan programs.

Federal Subsidized Stafford Loan is a long-term, deferred loan based on financial need. No interest will accrue on this loan while enrolled in at least 3 graduate hours each semester or trimester. The maximum loan is $8,500 per year.

Federal Unsubsidized Stafford Loan carries the same terms and conditions as the Subsidized Stafford loan except the borrower is responsible for interest that accrues during deferment periods. This program is available for those who do not qualify for all or part of the Subsidized Stafford program. The maximum loan is $10,000 per year.

Eligibility Requirements

To determine your eligibility for these loan programs, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA form comes with a booklet of instructions and a pre-addressed envelope. Allow approximately four weeks to receive a response after submission of the form.

Once all of the forms are received, your file will be reviewed. You should apply before the March priority date or as soon after that deadline as possible.