Tuition & Fees
Educational Fees for 2008-2009
See the Financial Information for details of estimated costs for the new school year.
Educational Fees |
|
Full-Time (12-18 hours) |
$6,400 |
|
Residency Fees (double occupancy) |
$1,500 |
Food Costs |
$1,850 |
* All costs are subject to change. (Revised 3/08)
Changes in Tuition & Fees
Rates of tuition and fees are those in effect at the time of publication of the catalog. They are subject to change at any time by Grace Bible College's Board of Directors.
Mandatory Fees (per semester) |
|
Library Fee |
$74.00 |
Technology Fee |
$68.00 |
Activity/Student Council Fee |
$88.00 |
Registration Fee |
$30.00 |
| Total Mandatory Fees = $260.00 | |
* 100% charged to all students taking 7+ hours.
50% charged to all consortium students.
Other Fees (per semester) |
|
Late registration fee |
$25.00 |
Change of Program fee |
$15.00 |
Insurance (required if not covered elsewhere), per year |
$610.00 |
GBC Testing Out Examination fee |
$100.00 |
Readmission fee (after a semester out) |
$15.00 |
| Late pre-registration or withdrawal notice fee | $20.00 |
| Prepayment of GRCC, Cornerstone / Davenport tuition | $10.00 |
| Graduation fee | $50.00 |
Transcripts each, paid in advance |
$5.00 |
| Lost key charge | $50.00 |
| Summer storage fee | $25.00 |
NSF check charge |
$25.00 |
* Specific class fees vary
Living Expenses
Living Expenses (per semester) |
|
Continuing Room Deposit (Stays on deposit all during student's matriculation period. Is refunded in full if application is canceled by July 15) |
$100 |
| Residence Room Fee, per semester | $1,500 |
Private Room Fee, per semester |
$2,000 |
| Married Student Apartments (per month, including utilities) |
$450 - $500 |
Food Service - Meals each semester |
$1,850 |
* All costs are subject to change. (Revised 3/08)
Estimated Expenses for Entering Freshmen (one semester)
Freshman Semester (per semester) |
|
Tuition (12-18 hours) |
$6,400 |
| Food Costs | $1,850 |
Residency Fees |
$1,500 |
Fees |
$260 |
Total (not including books or insurance) |
$10,010 |
| Total for one year | $20,020 |
Students may purchase books and supplies in the Grace Bible College Bookstore.
The average student will spend $500 per semester.
All costs are subject to change. (Revised 7/06)
Paying for College
The balance of tuition, fees, room and board is due in full by the time of registration (either by cash, check, credit card, or verified financial aid). Payment plans are available through the FACTS payment plan. Interest of 1.5% per month applies to unpaid balances.
International students are required to pay for their entire year in advance of their arrival at GBC. The amount due before the student's arrival is determined by estimating class load, room, board, books, fees, and any other known expenses. Any exceptions to this policy must be approved by the Administration.
Refund Policy
Students who withdraw from the College or reduce the number of credit hours in which they are enrolled, upon completion of the proper form(s) from the Registrar's Office, may be eligible to receive a refund. The following refunds will be made on a semester basis:
Tuition:
If courses are dropped, the following schedule of tuition refunds applies:
• During the first week of semester-100% rebate on basis of preregistered hours.
• Within 1 week after registration - 75% rebate.
• Within 2 weeks after registration - 50% rebate.
• After the third week of school - no rebate.
• If for disciplinary reasons - no rebate.
Room & Food:
If a student leaves the dorm and/or drops the meal plan, the following schedule of refunds applies:
• During the first week of semester - 100 % rebate less $100
• Within 1 week after registration - 75% rebate.
• Within 2 weeks after registration - 50% rebate.
• Within 3 weeks after registration - 25% rebate.
• Within 4 weeks after registration - 15% rebate.
• Within 5 weeks after registration - 10% rebate.
• After the sixth week of registration - no rebate.
• If for disciplinary reasons - no rebate.
Continuing Room Deposit:
If a student withdraws from school, this deposit is applied toward what is owed the College or it is refunded if the room key has been returned to the Business Office and the room has been left in satisfactory condition.
Private Music Lessons:
Tuition and fees will be refunded per regular tuition policy.
Other Fees:
No other fees are refundable.
Federal Title IV Aid Return of Funds:
The Financial Aid Office recalculates federal financial aid eligibility for students who withdraw, drop out, or are dismissed prior to completing at least 60% of a semester. Recalculation is based on the percent of earned aid.
(Available from Financial Aid Office.)
Refunds are required to be distributed in the following order:
1) Unsubsidized Stafford Loan
2) Subsidized Stafford Loan
3) Federal PLUS Loan
4) Federal Pell Grant
5) Federal SEOG Program
6) Other Title IV grant programs