9.1 Payment and Refund Policy: Students are expected to meet tuition, fees, library, and other obligations when they are due.  Students will not be allowed to have transcripts or other information released, or graduate if money is owed to the Seminary.  Students will be allowed to register for courses but will not be able to start a course until all outstanding balances are paid.

• Non-degree seeking students who do not pay tuition, such as auditors, must pay any tuition/fees for work done “off-campus” for which the Seminary is charged, such as CPE and AMERC.  The Seminary will not cover these costs.

• Bills with clear due dates are provided.  One reminder will be sent within 30 days of the due date; a late fee is imposed.  If payment is not made within 10 days of the reminder, the Registrar’s office is notified of the delinquent status and the penalties noted above will be imposed.

• Payments will be accepted in cash, by check or credit card (Master Card, Visa, and Discover) .

• Refunds are provided for tuition and fees if the student drops courses by the published deadline.  There are no refunds for withdrawn courses or late fees.

9.2 Tuition and Fees: Tuition, student activity fee, institutional fee and fee for course audit are subject to change each academic year.  Students are encouraged to contact the Business Office for current information.

9.3 Financial Aid: Financial aid is available to students who file the Free Application for Federal Student Aid (FAFSA).  Aid in the form of grants and student loans is available to qualifying students.  The FAFSA can be filed online at www.FAFSA.ed.gov. Students should request that a copy of the processed results be sent to LTS by entering the school code G01971.  For additional financial aid and scholarship information, students should contact the Office of Admissions.  Students on probation receive no financial aid.

9.3.1  Loans and Scholarships:

• Guaranteed Student Loans:  Guaranteed student loans are available to Lexington Theological Seminary students.  Application forms are available from the Director of Accounting.
• VA Loans:  LTS is an approved school for students who qualify for Veterans Administration Benefits.

9.3.2  Travel Funds: Lexington Theological Seminary is privileged to have funding for student travel from a number of sources.  A student may receive one major travel grant during her/his years at LTS.  The quality of the application will have significant bearing on the awarding of grants.

Students who wish to apply for funds in the current academic year must consult with the Office of the Dean for more information.

9.4 Billing Errors or Inquiries: All billing inquiries should be made of the Business Office.  Inquiries may be made in writing or in person.

9.5 Returned Check Policy: A student whose check is returned to the Seminary for insufficient funds will be charged a $50 returned check fee for each check returned.  If a second check is returned for insufficient funds the student will be denied check payment privileges for their remaining time at seminary.