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College Expenses

Bacone College will make every effort to contain costs from the date they are announced through the current academic year. Our Board of Trustees, however, reserves the right to make changes in tuition and fees at any time.

Students need to have a plan for meeting their college expenses, before they register and begin attending classes. The beginning point for this is the Financial Aid office. Once a Financial Aid Award letter has been presented to a student, the student will know what portion of his/her account the student is responsible to pay.

Cash Paying Students

Once you have applied for and received your financial aid award package, your next question may be, "How do I take care of the costs that financial aid doesn’t cover?" If your family cannot pay the balance in full before the semester starts, Bacone College offers a monthly payment plan option. Similar to the purchase of a house or a car, higher education is a long-term investment with long-term value. If your remaining balance will be over $2,500, we will ask you to pay a $500 down payment on your student account. This will help reduce the amount of your monthly payment during the school year.

The Financial Aid office will present each student with an Estimated Charges worksheet and a separate Payment Plan. Bacone College is one of the few private colleges today who does not charge an up-front payment plan enrollment fee or interest charges on unpaid balances. Payment Plan terms are as follows:

Yearly Payment Plans

This payment plan is designed for students who wish to enroll in both the Fall and Spring semester prior to the start of the Fall semester. An extended payment plan of 10 monthly payments is due starting September 1, and ending July 1.

Semester Payment Plans

This payment plan is designed for students who enroll for only the Fall or Spring semesters separately:

Fall

Payments for enrollment costs, less verified financial aid are due as follows –

¼ due the first day of classes,
¼ due September 1
¼ due October 1
¼ due November 1

Spring

Payments for enrollment costs, less verified financial aid are due as follows –

¼ due the first day of classes,
¼ due February 1
¼ due March 1
¼ due April 1

Summer

Payments for enrollment costs, less verified financial aid are due as follows –

One-half of all charges not covered by financial aid must be paid by the first day of class. The remainder of charges must be paid by the first day of the third week of class for four-week terms and by the first day of the fifth week of class for eight-week terms.

Charges

COST OF ATTENDANCE

Payment of Accounts

The College reserves the right to withhold grades, academic records, transcripts, and diplomas until all financial obligations to the College are satisfied.  Students whose accounts remain delinquent by the 8th week in a given semester may be administratively withdrawn.

Delinquent Accounts

When a student’s account is delinquent, no degree will be awarded and no transcript of credits will be issued until settlement has been made.  Students owing money from previous semesters will not be permitted to re-enroll until adequate arrangements are made through the Business Office. Students who fail to make appropriate payment toward their payment plan may be administratively withdrawn at anytime