Payment Plans & Policies
Students pay the cost of attending school through a combination of scholarships, grants, school arranged loans, privately arranged loans, work-study programs, private funds and jobs. Financial Aid and Financial Services counselors provide planning assistance to students upon request. Prior to the beginning of the school year (see details under Payment Policies), students are asked to select one of the following options for meeting their financial obligations:
- TWICE-A-SEMESTER PLAN: Payment in two equal installments for semester one by August 10, 2014, and October 10, 2014. Payment in two equal installments for semester two by December 10, 2014, and February 10, 2015.
- MONTHLY PLAN: Payment in ten installments through MLC’s tuition management plan. Students enrolled in this plan make monthly payments (August-May) via automatic withdrawal on the 10th of each month from a checking or savings account they have designated. There is no charge for participation, but students are required to provide appropriate bank account and routing information when enrolling in this plan.
Students who believe that extenuating circumstances make the standard payment plans temporarily unsuitable may request an exceptional payment plan subject to the approval of the director of finance. Such plans are granted only in rare circumstances (loss of employment, mounting medical expenses, etc.) and are intended as a temporary measure that should not exceed a single school year.
- Students select one of the two payment plans by June 10 (or November 10 for students matriculating the second semester). Each student is responsible for meeting his or her obligation for tuition, room and board according to the plan selected.
- If a student does not choose a plan by June 10 (or November 10 for students matriculating the second semester), the twice-a-semester plan is assigned by default.
- Students that select the monthly payment plan, but fail to provide their bank account and routing information prior to July 31, 2014, (or provide inaccurate banking information) will be reassigned to the twice-a-semester plan.
- Students must pay their fees on schedule and in full before grades and credit will be awarded for courses completed in that semester.
- Students may not charge their bookstore purchases to their student account unless a credit exists on their student account. Only books and supplies are allowed to be charged to a student account. The bookstore does accept MasterCard, Visa and Discover, debit cards and personal checks.
- Parking tickets, fines for dormitory infractions or past-due library books, and charges for the damage of school property are due immediately upon receipt. If these charges and fines are not paid within two weeks of receipt, they will be added to a student’s account along with a $5.00 administrative fee.
- The college will not confer degrees, issue diplomas or official transcripts to students with outstanding financial obligations.
- Graduates in arrears on their payment plan will not be eligible for a call or assignment until their account is current. They are, however, eligible to participate in the graduation ceremony.
- Past due financial accounts must be paid in full before a student can complete course registration or return to campus for the following semester unless an exception has been granted by the college administration.