Financial Policies & Information
General Information
Emmaus Bible College operates on the principle of faith in God for direction and supply of its needs and seeks to honor this principle in the administration of its financial affairs and publicity of its activities. In answer to believing prayer and through faithful Christian stewards, the Lord has supplied the needs of the college since the days of its founding.
Emmaus Bible College students pay only a portion of the actual cost of their education. The remaining funds come through gifts from individuals and local churches. The college depends on these donations to keep the cost of an Emmaus education far lower than the national average for a private institution.
Payment of Fees
All student fees for the semester are due in full upon receipt of a student ID card or the day before the first day of class (Fall term and Spring term). Those who cannot or do not pay in full by these dates will automatically be enrolled in a Three-Payment Plan. The payment amounts for the Three-Payment Plan are 40%, 30%, and 30% of the balance due after deducting Emmaus approved financial aid. Payments for the Three-Payment Plan are due as follows: for the fall semester, upon receipt of a student ID card or the day before the first day of class, October 1st, and November 1st; and for the spring semester, the day before the first day of class in January, February 1st, and March 1st. A fee of 1% per month will be charged on delinquent amounts with a minimum charge of $5.00. Any future adjustments to the account, such as changes to fees, financial aid, course fees, fines, etc., are the responsibility of the student. New charges posted to the account subsequent to the end of the drop/add period (such as lab fees) and any amounts that may be due as a result of other account adjustments (such as parking fines), are due immediately.
Participation in College Sponsored Trips
Until their account is paid in full, students may not participate in optional school sponsored trips, such as Summer Missionary Exposure (SUMMEX), Rome and Israel Study trips, etc., without permission from the business office.
24/7 Access to Student Accounts
In lieu of monthly paper statements, students access their accounts at any time through Emmaus’ online web portal. Students are expected to check their balance periodically and use that information along with their payment plan to make accurate, timely payments on their account.
Payments
Payment can be made by cash, check, debit card, or credit card (Emmaus accepts Mastercard and Discover). All payments made by debit card and credit card are subject to a convenience fee to cover our costs; currently 1.3% on U.S. debit cards and 2% on U.S. credit cards. International credit/debit cards may have higher fees. Payments must be made at the Student Accounts office, with the exception of checks, which can also be placed in the business office box located at the lower left-hand corner of the student mailbox area or left with the front desk receptionist.
Payment and Returning Students
All fees and other charges for a semester must be paid in full before the student is permitted to return for another semester and the student has received written permission from the Business Office to attend class.
Advance Deposits
In order to ensure enrollment for the Fall Semester, a $250 non-refundable advance payment is due by June 15 for all new students. For students accepted after June 15, the full advance payment is due immediately.
Early Payment Discount
An early payment discount of $50 is granted to full-time students only (on-campus and off-campus students) who meet all the following conditions:
- Total fees, after subtraction of approved Federal Aid (condition (2) and (3) below) are paid in full by August 1 (Fall Semester), and by December 1(Spring Semester).
- FAFSA filing is complete and the Financial Aid office has approved all Federal Financial Aid amounts by August 1 (Fall Semester) and by December 1 (Spring Semester). Approval in this case means that the Verification process is complete if the student's FAFSA was selected for audit/verification.
- Alternative and PLUS loans have been approved by the lender with loan funds ready to be sent to Emmaus by August 1 (Fall Semester) and by December 1 (Spring Semester). All Master Promissory Notes and Authorization Forms have been signed.
Health Insurance
All full-time students, including international students, are required to be covered by a health insurance plan that provides hospitalization and medical surgical coverage in the event of sickness or accident. You must enroll in the Student Accident and Sickness Plan that Emmaus offers or be covered by your own family plan. If you choose your own plan, you must provide the college with evidence of your coverage and sign a Waiver of Insurance form provided by the college. This form must be turned into the Student Accounts office by the date indicated on the Waiver of Insurance form (generally August 1st). Students participating in Emmaus-sponsored international trips, such as Summer Missionary Exposure (SUMMEX), Rome and Israel Study trips, internships, etc., are required to obtain travel insurance through the college.
The provisions and benefits of the policy are fully described in the health insurance brochure obtainable from the Business Office. This brochure is also available online at our website at www.emmaus.edu. It is important for the student to familiarize themself with the details of the policy, in order to ensure full coverage and benefits.
Room and Board
One fee is charged for room and board each semester. All unmarried students are required to room and board at the college unless they live with a relative within commuting distance. Most will be accommodated in single rooms. There are no separate rates for rooms or meals, and allowances are not given for missed meals. During vacation periods, except Easter break, there is an extra charge for rooms, and meals are not served.
Part-time Students
Students enrolled for less than 12 hours per semester will be classified as part-time students and will be billed per credit hour. Part-time students who audit certain courses will be charged the audit rate per hour. These fees are payable at registration. Please see the Student Fee Schedule for credit hour charges.
Boarders
Permission to board at Emmaus while attending a neighboring college is granted by the Vice President/Dean for Student Development. Students attending neighboring colleges full-time, but living at Emmaus, are required to pay their Emmaus fees in full prior to moving into an Emmaus residence hall and must sign a rental agreement with the Business office. Any student wishing variation from this requirement must receive written approval from the Business office.
Graduation, Transcripts, and Indebtedness
Any student who is delinquent in the payment of fees, or against whom the college holds a record of indebtedness, will not be given a diploma/certificate, certificate of scholastic standing, or a transcript of record until such indebtedness has been fully paid.
Communication
Communication with the Student Accounts office is very important. The Student Accounts office will contact you about any issues that arise with your account. If you cannot make the required payments, immediately contact the Student Accounts office at 563-588-8000, ext 2221) or ext 2210. We cannot consider your situation unless you share it with us. If payments are not received and you do not communicate extenuating circumstances for us to consider, your account will become delinquent, and appropriate action will be taken.
Refunds/Withdrawing
When a student is withdraws or is dismissed from Emmaus Bible College, he or she may be entitled to a refund of charges and/or may be required to return some of the federal funds awarded. The student may also be eligible for a refund of a portion of the tuition, fees, and room and board paid to Emmaus for the term. If the student received financial assistance from outside of his or her family, then a portion of the refund will be returned to the grant, scholarship, or loan source from which the assistance was received.
If a student wishes to withdraw, he or she should see the Vice President/Dean for Student Development who will guide the student through the process, which includes filing a Withdrawal Form that can be obtained from the Registrar’s office.
Emmaus’ refund policy exists for calculating the refund of institutional charges. The policy is as follows—after the first day of classes there will be no refund of student service or program fees. Students who withdraw will receive a pro-rated refund of tuition fees according to the following schedule:
- 100% During the first week of the semester
- 80% During the second week of the semester
- 60% During the third week of the semester
- 40% During the fourth week of the semester
- 20% During the fifth week of the semester
- After the fifth week, there will be no refund of tuition.
Room and board will be refunded on a pro-rated basis through the 10th week of the semester. There will be no refund of room and board after the 10th week of the semester.