Financial Information

SIP Payment Options

There are two payment plans available for SIP students: Full Payment and 4-Month Plan.

Payment in Full

All tuition and course fees are due April 10th for the SIP semester. Late payments will result in a $25 late payment fee.

4-Month Plan

The semester cost of tuition will be divided into four (4) monthly payments. Payments begin April 10th.  Students must select the 4-month payment plan on their semester registration form. A $75 per semester fee will apply for this plan, although no interest will be charged. A $25 late fee for payments not received within a 5-day grace period may also apply.

Independent Studies

Independent Studies format course tuition and book order costs must be paid for in full at the time of registration.

Refund Policy

The $75 payment plan fee (if applicable) is non-refundable. Tuition costs are 90% refundable if students withdraw before May 15th. Withdrawal after May 15th, but before SIP classes are in session, will result in a 50% refund. 0% will be refunded if students withdraw during or after SIP classes are in session.

Independent Study courses are non-refundable. If a student registers for an Independent Study course and drops it at any time, 0% will be refunded.

Housing and meals are 100% refundable if cancelled before June 1st. After the 1st of June, housing and meals are non refundable (0%).

Tuition and Fees

*Estimated Cost of books and Bible Software for the entire program

Costs current as of March 2013
All costs are subject to change without notice

Financial Aid

Loans

Students must be enrolled at least 1/2 time (4 units) to receive Stafford loans. Loan eligibility varies from student to student. Please contact the Office of Financial Aid to determine individual eligibility.

• Subsidized Stafford Loans: A student loan based on need and lending institution requirements and must be repaid
  • Annual Limit: Up to $8,500
  • Interest Rate: 6.8% fixed
  • Repayment: six months after the student drops below 1/2 time or graduates
  • To apply, the applicant must have a completed Free Application for Federal Student Aid (FAFSA).
• Unsubsidized Stafford Loans: A student loan that may exceed demonstrated financial need, but may not exceed the cost of tuition, and must be repaid
  • Annual Limit: Up to $12,000
  • Interest Rate: 6.8% fixed
  • Repayment: six months after the student drops below 1/2 time or graduates
  • To apply, the applicant must have a completed Free Application for Federal Student Aid (FAFSA).