FINANCIAL INFORMATION

Tuition and Expenses

(Undergraduate Degree, Undergraduate Certificate/Diploma)

Note: These 2023-2024 rates may change without notice.

*Some may have a student fee

Tuition and expenses are paid each term approximately three weeks before the term starts. Visa, MasterCard, Discover Card, American Express or eCheck may be used to make payments through our payment portal at my.centralpenn.edu. If paying by credit card, fees are added. Payment also can be made by check or money order. Please visit the College website for payment plan options.

If unusual circumstances or extreme hardship makes it impossible for students to make full payment, students should contact the Business Office to make special arrangements.

Billing and Payment Dates

Fall 2023

Bills available on Student Portal – August 25, 2023

*Payment Due – September 15, 2023

Winter 2024

Bills available on Student Portal – November 24, 2023

*Payment Due – December 15, 2023

Spring 2024

Bills available on Student Portal – February 23, 2024

*Payment Due – March 15, 2024

Summer 2024

Bills available on Student Portal – May 24, 2024

*Payment Due – June 14, 2024

Fall 2024

Bills available on Student Portal – August 23, 2024

*Payment Due – September 13, 2024

Winter 2025

Bills available on Student Portal – November 22, 2024

*Payment Due – December 13, 2024

*A $50.00 late fee will be assessed for payments not submitted by the payment due date.

No late fees clause for Chapter 31/33

Central Penn College will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a covered individual borrow additional funds, on any covered individual because of the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement funding from VA under chapter 31 or 33.

Board Plans (Meal Plans)

Board plans are currently structured as a declining balance plan. All purchases in the café. Will’s place, etc., are charged against the current balance and reduce the funds available for future purchases. The charge is per term. If students do not spend all the funds for one term, the monies are rolled over during the current academic year from term to term. Once the current academic year is over (end of spring term), any remaining monies will not continue to the next academic year. New meal plan charges are assessed each term. There will be no refunds of monies not used. Therefore, when you graduate or withdraw, students will not be issued a refund.

The first-year students living in campus housing are required to have at least the Maroon meal plan ($745.00) for the first term.

The Central Penn College ID card will serve as your meal ticket. Students will be required to show their ID for every purchase. New students will be given the opportunity to select their meal plan on their student portal prior to the billing date. If a board plan is not selected, the student will be assessed the Maroon meal plan at the $745 rate. Current students may change their meal plan by notifying the Business Office or the Department of Student Housing and Residential Life prior to tuition billing.

The College will be converting the declining meal plan structure to a meal plan structure in the near future. Students will have the opportunity to select the following:

• Block 75 - $525

• Block 110 - $745

• 10 Meal Plan - $745

• 14 meal Plan - $1,075

Block plans allow for a number of meals to be used at the student’s discretion throughout the term. Block plans include $100 flex that can be used as a declining balance to purchase snacks, drinks, etc. Additional funds can be added to flex dollars at any time throughout the term. Any meals or funds remaining on the plan at the end of term will be forfeited. There will be no refunds of monies not used.

Meal plans allow for the number of meals to be used each week at the student’s discretion. Meal plans include $100 flex that can be used as a declining balance to purchase snacks, drinks, etc. Additional funds can be added to flex dollars at any time throughout the term. Any meals not used at the end of each week will be forfeited. Each week a new allocation of meals is available. Any meals or funds remaining on the plan at the end of term will be forfeited. There will be no refunds of monies not used.

Course Material Fee

Designated courses include a course material fee which covers the cost of materials used in the class; no separate textbook purchase will be required. These fees are refundable only if a student drops the course(s) (using official school communication) by the end of Week 2. Contact the Librarian for opt out information at library@centralpenn.edu. Designated courses (subject to change) include:

Housing Security Deposit

A housing security deposit of $250* is required, $200 of which is refunded when students abide by the lease.

*If students request cancellation within five calendar days of payment, this fee is fully refundable. A request for cancellation, which is not made in writing, shall be confirmed in writing by the student within an additional period of five calendar days. After five calendar days or after 10 calendar days absent of written confirmation, the school may retain all of the monies paid.

Registration Fee

Within 30 days of receiving the registration fee notice, a $100 registration fee* is to be paid to reserve a position in the entering class. This fee is deducted from the student’s first tuition payment.

Lab Fee

Fees assessed to the medical programs to pay for disposable goods such as masks, brushes, etc., are required for medical programs. Fee may also be used to pay for special certifications and training needed within the medical field such as CPR certification, etc.

Student/Technology Fee

A student fee of $240 (four or less credits) or $360 (five or more credits) per term is required. It covers all the services listed below as long as the student is enrolled at Central Penn. The student fee is non-refundable. The student/technology fee includes, in part, the following: campus security; parking; student ID; online Library services; computer labs; internet; all other technology usage; full- and part-time employment assistance; insurance; swimming pool; basketball, volleyball, and game courts; picnic areas; activities, clubs and organizations; and orientation.

Graduation Fee

Graduating students pay a $125 fee. It covers the processing and mailing of their degree, the graduation ceremony, and student and alumni individualized career assistance.

Other Expenses

Textbooks: All Central Penn students may purchase new and/or used textbooks directly from our textbook vendor via the internet or telephone. Textbook rental is another option. The cost of textbooks varies with the courses taken each term. If students purchase all new textbooks, the cost may be as much as $450 per term. Students are encouraged to have their textbooks prior to the first day of class to ensure access to academic work.

Uniforms: Students enrolling in the Health Sciences programs may be required to wear uniforms/ scrubs to clinical classes or on internship. Students will receive information regarding uniforms prior to enrolling.

Refund and Distribution Policy

Pursuant to federal and state regulations, Central Penn College has developed, and applies on a consistent basis, the following policy: When a student completely withdraws from the College or drops a course, tuition will be calculated in accordance with the following guidelines, and any refund is made within 30 days. The last day of class attendance will be considered the withdrawal or drop date. If the last date of attendance cannot be determined, the institution shall use the date the College had knowledge of the student’s withdrawal.

Please note that any reduction applies only to tuition. Fees are nonrefundable, except for nonconsumable course material fees. Those fees are refundable in certain circumstances—see the “Fees” section. Rent charges, fees, and any other charges are not refundable if a student leaves the College any time during the term.

Withdrawal Date Tuition Reduction

Return of Title IV Funds (R2T4)

The requirements for Federal Student Aid (FSA) when a student withdraws are different from the Institutional Refund Policy. As such, a student may still owe a balance to the College for unpaid institutional charges. Federal Regulations specify the amount of FSA funds the student is eligible to retain for the term.

For students who withdraw during the term, the College will perform a Return to Title IV calculation (R2T4) to determine the amount of FSA funds the student has earned at the time of withdrawal. This is calculated based on the total number of calendar days completed divided by the total number of calendar days in the term.

The Financial Aid Office is required by federal regulations to complete the R2T4 process for all students who withdraw, stop attending, drop out, or are dismissed prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.

If a student leaves the institution prior to completing 60% of a payment period or term, the Financial Aid Office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula:

• Percentage of payment period or term completed equals the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid. Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula:

• Aid to be returned equals 100% of the aid that could be disbursed minus the percentage of earned aid multiplied by the total amount of aid that could have been disbursed during the payment period or term. If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a balance to the institution.

If a student earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student’s withdrawal.

The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student’s withdrawal.

Refunds are allocated in the following order:

• Unsubsidized Direct Stafford Loans

• Subsidized Direct Stafford Loans

• Direct PLUS Loans

• Federal Pell Grants for which a return of funds is required.

• Federal Supplemental Opportunity Grants for which a return of funds is required.

• Other assistance under this Title for which a return of funds is required (e.g., LEAP).

Note: All information presented regarding financial aid eligibility and program availability reflects current regulations and policies. This information is subject to change.

Exit Counseling

Federal regulations require educational institutions to provide exit counseling to students who have borrowed through the Federal Stafford Loan Program. Students complete an exit counseling session at www.studentaid.gov. The exit counseling session provides students with information about their loans, including repayment options, debt management strategies, and deferment and forbearance options. Exit counseling is required whenever a student graduates, withdraws, or lowers their schedule below six credits for any reason, even if they are planning on returning to the College. The Financial Aid Office notifies students who fall into one of these categories of their responsibility to complete exit counseling.