TOTAL COSTS MAY BE PAID IN FULL ON REGISTRATION ELECT THE COLLEGE INSTALLMENT PROGRAM. 1. Installment
DAY OR THE STUDENT MAY
Program Fees (item 3 under costs) are due In full on registration Charges
for room,
installments
board,
and tuition
August through
May. The first installment
along with the fees and subsequent each following 2. Payment
day.
may be paid In ten equal monthly installments
is due at registration
by the fifteenth
day of
month.
Policies A penalty fee of $5.00 will be assessed on all accounts where the scheduled payments are not met. Financial aid which a student will be receiving may be used to satisfy payment requirements. In extraordinary
cases a student
for a reasonable
may be granted an extension for payment
amount of time by the president or his designate.
Students will not be allowed to enroll in a new semester on a preceding
if a balance is due
semester.
Prevailing interest rates (at this time 7%) will accrue on unpaid balances following the completion
of a semester.
No transfer of credits or final grade reports will be issued until the student's financial obligations
have been met or satisfactory
arrangements
to do so
have been made. The college bookstore
does not permit charging
but does accept Master
Card and Visa
credit cards. The charge for room and board and for tuition may be revised by the Board of Trustees of the Wisconsin
Evangelical
Lutheran Synod at any time as changing
economic
conditions
may demand.
Financial Aid Dr. Martin Luther College believes that the primary responsibility for financing a college education lies with the student and his or her parents. However, the college does not want anyone who wishes to become a Lutheran elementary or secondary teacher to be deprived of the opportunity for lack of financial resources. For this reason the Wisconsin Evangelical Lutheran Synod bears a large share of the costs (about one-half) to keep them as low as possible. In addition a financial aid program and a financial aid office are available to assist the student. 1. DMLC Administered Sources of Financial Aid Financial aid Is available In the form of scholarships, grants-in-aid, loans, and employment. For this DMLC makes use of Its own funds and resources and of synodical funds and programs. The college also will assist the student In making use of state and federal programs, such as the Minnesota State Scholarship and Grant (for Minnesota residents only), Pell Grant, Supplemental Grant (SEOG), Perkins Loan, Stafford Loan (formerly Guaranteed Student Loan), Minnesota SELF loan program, PLUS and SLS loans, and College Work-Study. Travel assistance Is available for those who live more than 750 miles from New Ulm. Most forms of financial aid are based on need. See application notes below.
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