Undergraduate Tuition and Fees for 2012-2013 Academic Year
Full time Rate – Resident Students (12-16 Cr) 1
*Includes technology fee $60, student activity fee $35, medical fee $30, Id fee $5, mailbox fee $5, retreat fee $15, career service fee $20 and Library fee $30. For returning students the university does not charge id fee unless the students wants a replacement.
Part time students will be charged at $398 per credit hour.
Returning fall 2009 juniors and seniors with catalogs prior to the academic year 09-10 will be allowed to take up 18 credits within the full time rate. This benefit will expire fall 2010 for seniors and spring 2011 for juniors. Failure to complete the required number of credits toward graduation before this timeframe would result in students to be subject to the additional cost associated to the maximum number of credits permitted within the full time rate. Such number of hours permitted within the full time rate would be that of the latest catalog edition. The enrollment beyond 18 credits will be charged individually at the existing credit rate.
Returning fall 2009 freshmen and sophomores with catalogs prior to the academic year 09-10 will be allowed to take up to 18 credits within the full time rate. The enrollment beyond the 18 credits will be charged individually at the existing credit rate.
New freshmen entering fall 2009 on, are subject to the new credit system and may take up to 16 credits. The enrollment beyond the 16 credits will be charged individually at the existing credit rate.
Any academic issue regarding credit hours should be addressed to the Academic Dean.
Each student is assigned a student account by the Business Office. All financial transactions between the student and the University are reflected on the account. Each student is responsible for making the necessary and timely payments on his/her account to maintain the account current. Payments must be made to the Business office in person by mail or by wire transfer to one of the University banks. The date of payment will be the date upon which it is received in the Business office or bank. The University accepts cash, personal checks, VISA, Master Card, American Express, Dinners, and Discovery. Click here for payment information .
All past-due accounts must be settled in full in order for a student to register. Checks submitted to the University in payment of student accounts and returned unpaid will result in the student‘s account being charged a $30.00 returned check fee plus any related bank charges. If a returned check causes a student account to fall into a past due status, all appropriate late fees will apply.
Financial accounts must be paid in full in order to take final examinations, receive grades, register for another semester, receive a degree, or receive a transcript of credit.
No transcript will be released unless any unpaid balance is paid in cash. If paid by check, there will be a ten-day waiting period from the date the University receives the check.
FALL and SPRING REGISTRATION
Payment of tuition and fees, less the value of committed loans, scholarships, and/or grants, is due at the point of registration. Students who are unable to make payment in full may utilize a five-installment payment plan under the following provisions.
a) A minimum payment of 20% of the balance due must be paid at the point of registration.
b) The remaining balance is due in four additional equal payments. In the Fall semester, due dates for these payments are August 22-27, September 13, October 14, November 14, and December 5. In the Spring semester, due dates are January 10-14, February 14, March 14, April 13, and May 4, 2011.
c) If the required payment is not received in the Business Office on or before these dates, a late payment fee of $30.00 will be posted to the student‘s account.
d) If the required payment is not received in the Business Office by the end of the month in which it is due, the student will be suspended from the college until the payment is made.
Payment of tuition and fees, less the value of committed loans, scholarships, and/or grants, is due at the point of registration. No installment plan is available for summer school. No transcript will be released unless any unpaid balance is paid in cash. If paid by check, there will be a ten-day waiting period from the date the University receives the check. Clearance is also required to pre-register for summer sessions. Each student is entitled to one Business Clearance form free of charge each semester.
Financial Aid may be applied against the amount owed; however, credit is not given until funds have been received by the Ave Maria University Business Office. In the event that a Parent PLUS loan is being processed to apply to semester charges and the student is residing on campus, an amount equal to one-fourth of the room and board semester charge is to be paid at the time of registration to apply to the account balance. In any event, a minimum of one-fourth of charges must be paid at time of registration and for each due date thereafter.
Grant funds designated for the student by a donor or company may be applied against the amount owed; however, credit is not given until funds have been received by Ave Maria University - Latin American Campus. In any event, a minimum of one-fourth of charges must be paid at time of registration and for each due date thereafter.
OTHER FINANCIAL INFORMATION
All financial charges are in U.S. dollars. Ave Maria University - Latin American Campus may be paid in Nicaraguan currency (Cordoba’s) at the official rate of exchange on the date of payment. The University reserves the right to modify this rate in the event the unofficial rate should exceed the official rate by a differential of 5%.