| The purpose of this contract
is to provide a fixed, four-year
tuition rate that allows students and parents to better anticipate and manage the expenses of an
undergraduate degree. While savings may be expected against annual increases in tuition and fees,
this contract also assumes regular academic progress and stable financial aid awards. Moreover, it
promotes making no-interest, level monthly payments. |
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| Policies |
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Fixed Tuition
Contract Calculation
The University’s annual
average increase for tuition
(tuition, technology and
student activity fees) for the
past five years has been
5.9%. Using a 6% multiplier for the next three years on an
08-09 tuition of $20,150, the total cost for
tuition for four years is estimated to be
$88,150 if paying on the regular” tuition
contract.
The “fixed” tuition contract is calculated using a 5% multiplier which produces an
estimated total four-year cost of $86,860,
or an annual fixed tuition rate of $21,715,
and a savings of approximately $1,300
over the “regular” tuition contract.
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- Enrollment is open to students with 36 or fewer college
credit hours.
- Eligible students may choose to enter the plan during
one of two periods: May 1 to June 30 before the first
year or May 1 to June 30 before the second year
of study.
- The fixed tuition contract includes undergraduate
tuition (tuition, technology fee & student activity fee)
for eight semesters/four years of full-time fall & spring
enrollment (12-18 hours/semester) only. Course
overloads will be billed at the current part-time hourly
rate and summer credit hour tuition will be billed at
the current annual rate.
- The contract provides a four-year, fixed rate for
tuition that represents lower annual increases than the
average increase over the last five years.
- Course overloads, labs, books, room, board and late
fees are not included in the contract. Course overloads
will be charged at the current part-time hourly
rate. Students whose semester financial aid total
exceeds semester charges may be provided a voucher
to charge books in the Avila Bookstore.
- The contract requires full payment prior to the
beginning of each term or participation in a
no-interest, monthly payment plan ($60/annual or
$50/semester fee).
- Participation in the contract during the first or
subsequent years requires admission and application for and acceptance of financial aid awards
(or waiver) prior to June 30.
- Initial and renewal financial aid awards require
filing the Free Application for Federal Student
Aid (FAFSA) or a waiver by April 1 and returning
a signed copy of the award letter within the
time frame indicated, or by June 30, whichever
is first.
- The contract will be voided by Avila University
in the event of two late payments or two occurrences
of insufficient funds per academic year.
Payments are late if received after the regular
due date. In such cases, the student will not be
eligible for a refund of any difference between the
fixed tuition rate and the regular tuition rate.
- In the event of an emergency necessitating withdrawal
from the University, the student may petition for a
suspended semester. If approved, the withdrawn
semester will not count as one of the allowed
eight semesters.
- Student participants who require a ninth or tenth
semester to complete their degree will pay the tuition
in effect for that year (the fixed tuition rate will not
be extended).
- Appropriate tuition refunds for students who participate
in the fixed tuition plan and who withdraw from
the University will be based on the fixed tuition rate in
effect. These students will not be eligible for a refund
of the difference between the fixed tuition rate and the
regular tuition rate.
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