Payment Policy
All accounts are due and payable prior to the first day of classes each semester. Acceptable forms of payment are cash (in-person, please do not mail cash), check, cashier’s check, money order, Visa, MasterCard and Discover, and EFT in US dollars (transaction fees are the responsibility of the student).
The University also offers a variety of financial aid to assist students in paying accounts, which are described in the catalog section on financial aid, scholarships, military and veterans’ benefits. New students who have any questions regarding eligibility or application procedures for this aid, should contact their admissions counselor. Returning students should contact the Student Financial Services department.
Should it appear necessary to extend payment due date past the first day of class for balances not covered by aid and/or outside resources, please contact a financial counselor in Student Financial Services.
Installment Payment Plan
Installment payment arrangements are available to extend payment over the duration of the semester. The Financial Services staff is available to meet with students individually to assist in determining the required monthly payment schedule to cover charges in full before the end of the semester.
Undergraduate students opting to pay in monthly installments will be charged a $30 note fee. There is currently no fee charged to graduate students for setting up a payment schedule.
Past Due and Delinquent Accounts
Accounts that are not paid in full in accordance with the agreed payment plan each semester will be considered past due. Students whose accounts are past due will not be officially registered for a succeeding semester or term until satisfactory payment arrangements have been made. In addition to schedules remaining unofficial, ID cards, parking stickers and transcripts will not be issued, and the student, if a senior, will not be permitted to graduate.
If a student account is severely past due, MBU will attempt to contact you by telephone and/or mail regarding payment arrangements. Please make sure that your contact information is kept current by submitting a Change of Address form when necessary. If there is no response after repeated attempts to contact a student with unresolved balance issues, the account will then be deemed delinquent. Delinquent accounts will be submitted to a collection agency, charged both interest and collection fees, and any applicable court costs.
If a student's financial obligation is not fulfilled, the University is authorized, but not limited, to do the following until the balance is paid in full:
- Withhold the release of student transcripts, registration, grades, and diplomas
- Reserves the right to terminate the student's enrollment
- Cancel F-1 Visa in the case of international students.
Business Office Master Promissory Note (BOMPN)
Each student will complete a BOMPN at the time of initial registration in a degree program. The BOMPN states that you accept responsibility for charges you incur while at Missouri Baptist University. If a student has a break in enrollment, or starts a new degree program, an updated BOMPN must be completed.
Statement of Release
While attending a post-secondary institution, student privacy is protected under the Federal Educational Rights and Privacy Act (FERPA). If a student wishes for University representatives to be free to discuss account information with any third party, the student must grant written permission. Each student will file a statement of release for each year. This form will allow a student to grant or restrict access to account information, update access information and direct billing statements to third parties (e.g. parent, third party payer). Please note that unless a Statement of Release information to be shared with a third party, parents will not have access to grades or other financial information.
Financial Responsibility
As a student at Missouri Baptist University you are responsible for all charges you incur. In the event outside resources do not fully cover your fees you will need to make payment arrangements so that enrollment in future terms will not be hindered. Any discrepancies must be resolved prior to the start of the next semester. Failure to do so will result in the student being responsible for all listed charges.
Financial Applications
All institutional and external aid applications should be completed and submitted to the Student Financial Services Office at least ten working days prior to the first day of classes. The student is responsible for the accuracy and timeliness of all applications.
Post Dated Checks
Missouri Baptist University does not accept post dated checks.
Bank Returned Checks
In the event that checks issued to MBU are returned for any reason, the student will be charged a $35 returned check fee, and a hold will be placed on the student account until the fee is paid.
Refund of Credit on Account
Credit from federal aid resources, after all expenses and fees are covered on your account, will be refunded within 10 business days after money is disbursed to your student account. If you wish for your credit to remain on your account for any additional semester fees, please indicate so on your loan request form.
Concession Rates
If you are expecting to receive a concession discount (such as faculty/staff concession or alumni concession) please note an application for concession must be completed by the student each semester and submitted to the Financial Services Office. You will see the full rate charged on your statement, with a credit of the concession appearing once the application and financial aid file are complete.
Once concession has been applied to the semester and before the close of each semester, all remaining fees must be paid in full, or payment arrangements made, before the student will be allowed to attend any upcoming semester in which they are requesting concession.
Withdrawal
Withdrawing from all classes requires a student to complete a Withdrawal from School Form. It is the student’s responsibility to complete this form. Failure to do so after the student has registered for classes will result in the student being responsible for all applicable charges. Freshman and first year transfer students complete this form with their admissions counselor. All other undergraduate students may complete the form in the Records Office. Graduate students complete their Withdrawal Form with their graduate advisor. Refunds on charges will be calculated according to the date the form is submitted.
It is understood as each student enters for at least one term, the University assumes the expense of making provisions accordingly. Therefore, a student's withdrawal does not materially reduce the costs to the University. Tuition refunds are pro-rated from the date withdrawal is approved by the Records Office as follows in the case of a course load status change, such as: overload to full-time, full-time to part-time, a reduction of course load within the part-time status, or complete withdrawal/dismissal from the University.
The published refund schedule is as follows:
FIFTEEN AND SIXTEEN WEEK CLASSES
Withdrawal on the 1st day 100% of tuition
(less adm. wd. fee)
Withdrawal after 1st day through end of 2nd week 90% of tuition
Withdrawal during 3rd and 4th weeks 50% of tuition
Withdrawal during 5th through 8th weeks 25% of tuition
Withdrawal after 8th week 0% of tuition
TWELVE WEEK
Withdrawal on the 1st day 100% of tuition (less adm. wd. fee)
Withdrawal after 1st day through end of 2nd week 90% of tuition
Withdrawal during 3rd and 4th weeks 50% of tuition
Withdrawal during 5th through 8th weeks 25% of tuition
Withdrawal after 8th week 0% of tuition
TEN WEEK
Withdrawal on the 1st day 100% of tuition
(less adm. wd. fee)
Withdrawal after 1st day through end of 1st week 90% of tuition
Withdrawal during 2nd and 3rd weeks 50% of tuition
Withdrawal during 4th through 5th weeks 25% of tuition
Withdrawal after 5th week 0% of tuition
EIGHT WEEK
Withdrawal on the 1st day 100% of tuition
(less adm. wd. fee)
Withdrawal after 1st day through end of 1st week 90% of tuition
Withdrawal during 2nd week 50% of tuition
Withdrawal during 3rd and 4th weeks 25% of tuition
Withdrawal after 4th week 0% of tuition
FIVE WEEK
Withdrawal on the 1st day 100% of tuition
(less adm.wd. fee)
Withdrawal after 1st day through end of 1st week 90% of tuition
Withdrawal during 2nd week 50% of tuition
Withdrawal during 3rd week 25% of tuition
Withdrawal after 3rd week 0% of tuition
FOUR WEEK
Withdrawal on the 1st day 100% of tuition
(less adm.wd. fee)
Withdrawal on the 2nd day 90% of tuition
Withdrawal on the 3rd through 4th day 50% of tuition
Withdrawal on the 5th through 8th day 25% of tuition
Withdrawal after 8th day 0% of tuition
THREE WEEK
Withdrawal on the 1st day 100% of tuition
(less adm. wd. fee)
Withdrawal on the 2nd day 90% of tuition
Withdrawal after 2nd day through end of 1st week 50% of tuition
Withdrawal during 2nd week 25% of tuition
Withdrawal after 2nd week 0% of tuition
TWO WEEK
Withdrawal on the 1st day 100% of tuition
(less adm. wd. fee)
Withdrawal on the 2nd day 90% of tuition
Withdrawal on the 3rd day 50% of tuition
Withdrawal on the 4th or 5th day 25% of tuition
Withdrawal after the 5th day 0% of tuition
REFUNDS FOR RESIDENT STUDENTS
Room deposits and all other fees are non-refundable in case of withdrawal from the University. If a residence hall student voluntarily moves out of the residence halls during the contract period, room and board will be refunded in a similar manner as tuition. Vacate forms must be approved by the Director of Residence Halls and the Dean of Students before any refund is made.
