FINANCIAL POLICIES

Financial Policies

Knoxville College has worked to hold down educational expenses without sacrificing the quality of education. The College is able to offer the advantages of high-quality education to all qualified students who are willing to pay a portion of their expenses and work to offset an additional amount as described below.

 

The costs for attending Knoxville College is as follows:

Tuition and Fees (Distance Learning Students) Semester US Citizen International Tuition @ $350 per credit hour $4,600 (15 credits) $4,600 (15 credits) General/Activity/Technology Fee $400 $400 Total Amount Due $5,000 $5,000

 

This amount is charged each semester the student is enrolled. A discount is provided for students who take between 12-15 hours per semester. Knoxville College reserves the right to adjust charges as necessary to meet costs.

 

Special Fees

Fees may also be charged for special circumstances such as late registration, duplicate ID cards, etc. These fees will be assessed at registration or when due. Special fees include, but are not limited to, the following:

Part-time Students $350 per credit hour

Overload Fee $350 per each credit hour in excess of 18

Late Registration Fee $25 maximum

General/Activity/Technology Fee $400

Duplicate Identification Card $25

 

Knoxville College reserves the right to adjust tuition, fees, and any other charges at any time, subject to the approval of the Tennessee Higher Education Commission.

 

Deferred Payment Plans

To confirm your attendance and reserve your place in the entering class, you should submit a $100 tuition deposit immediately after acceptance. Your tuition deposit will be deducted from your tuition. If you wait to submit your deposit, Knoxville College cannot verify your plans to attend, and you risk forfeiting your place in the class.

 

Knoxville College does offer payment plans for the student out-of-pocket expense to fit individual financial needs. The three options for payment are listed below:

Option 1: Pay the full amount prior to registration.

 

Option 2: At Registration: Pay 1/2 of tuition

Fall Semester - November 1: Pay balance due

Spring Semester - March 1: Pay balance due

 

Option 3: At Registration: Pay ½ of tuition.

Fall Semester – October 15: Pay ¼ of tuition November 15: Pay balance due

Spring Semester - March 15: Pay ¼ of tuition April 15: Pay balance due

 

Scholarships, awards, and other grants may reduce the number or amount of payments made. Please contact the College for more information.

 

Full payment of tuition and other fee charges entitles the student to a non-transferable identification card.

 

Cancellation and Refunds

Refunds are defined as the portion of tuition due as a rebate when a student withdraws from class hours. A student who leaves the College (except for temporary absences with permission) must have an exit interview and an approved withdrawal permit from the College. After a withdrawal permit has been filed and approved, the following refund schedule is enforced:

(Percentage of Expenses Credited (Less Administrative Cost*)

Date of Official Withdrawal or Dismissal - Before 1st class meets: 100%

Date of Official Withdrawal or Dismissal - During 1st week of classes: 80%

Date of Official Withdrawal or Dismissal - During 2nd week: 60%

Date of Official Withdrawal or Dismissal - During 3rd week: 50%

Date of Official Withdrawal or Dismissal - During 4th week: 40%

Date of Official Withdrawal or Dismissal - After the 4th week: 0%

 

*Administrative cost is 5 percent of expenses, up to a maximum of $100.

 

Upon approval, a full refund may be provided for withdrawal due to the following special circumstances:

1. Student’s involuntary call to active duty.

2. Death of the student or member of his/her immediate family (parent, spouse, child, or sibling).

3. Illness of the student of such severity or duration and confirmed by a physician, such that completion of the semester or term is precluded.

4. Cancellation of the course(s) or program by the College.

5. Other exceptional circumstances, with the approval of the President or his designee.

 

If a student’s account becomes delinquent, the student may be subject to suspension from the College until all charges are paid in full. No diploma or transcript will be granted to a student until all charges are paid in full. A student who is suspended for financial reasons will be withdrawn for courses and receive a “W” for each class during that semester regardless of the date of suspension. These grades will be recorded on the student’s transcript.

 

Tuition and Fees Waiver

Students that have been enrolled anytime from Fall of 2018 to the Summer of 2023 will grandfathered in to our waived tuition program. This will exclude any new students that enroll for the Fall of 2023 and beyond that do not meet Pell Grant eligibility.

 

Satisfactory Academic Progress

Satisfactory Academic Progress (SAP) is measured both qualitatively (GPA) and quantitatively by a completion standard or pace based on attempted and earned credit hours. Students who do not complete classes in which they are enrolled, or fail to achieve the minimum standards for grade point average may lose their eligibility for all types of state and institutional financial assistance.

 

Student Academic Progress

The College monitors the academic progress of each student to determine if that student meets academic requirements. SAP is evaluated annually, at the end of the spring semester (May), of each academic year and is comprised of three components. Failure to comply with any component may result in academic sanction and a loss of financial assistance eligibility. The components are as follows:

• Qualitative Measure: Minimum Cumulative Grade Point Average (CGPA)

• Quantitative Measure: Minimum Completion Standard for Attempted Credit Hours (APCR)

• Maximum Timeframe for Degree Completion

 

Qualitative Measure of Academic Progress

A Knoxville College student must maintain a cumulative grade point average (CGPA) that satisfies the academic standards established by the college. The qualitative measure of academic progress is based on semesters of enrollment; attempted credit hours; and the cumulative GPA. Students are expected to enroll full-time (at least twelve credit hours) to be eligible to receive full financial assistance. Equivalent qualitative and quantitative measures of academic progress are also required of part-time students receiving federal financial assistance.

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All courses, except developmental English and Mathematics, assigned a letter grade of A, B, C, D, or F, contribute to the cumulative GPA. At the end of four (4) semesters or at the end of the second academic year, a student must have a cumulative GPA of at least a 2.00.

 

Quantitative Measure of Academic Progress

All students must adhere to the minimum specified academic progress completion rate (ACPR) specified in the chart below for all credit hours attempted or accepted as transfer credit by Knoxville College. This percentage includes all credit hours attempted, regardless of whether or not financial assistance was received. Students enrolled full-time are required to take a minimum of twelve (12) hours; students must complete/pass 67% of all credit hours attempted with grades of A, B, C, or D. Enrollment status for financial 21 assistance is defined based on hours enrolled at the end of the College’s 100% fee refund period.

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Maximum Timeframe Measure for Degree Completion

Students are eligible to receive financial assistance for a limited period while pursuing a degree. A student must not exceed 150 percent of the number of credits it takes to obtain a degree. Credit hours are cumulative hours. The minimum credit hours required to receive a degree is 60 credits. Therefore, students may not exceed 90 attempted credit hours in order to remain eligible for financial assistance. Students who exceed 90 attempted credit hours are considered ineligible for financial assistance based on excessive hours. In some limited instances, a student may be granted an extension in maximum timeframe.

 

SAP and Transfer Students

Transfer students are required to meet the same satisfactory academic progress requirements as Knoxville College students. All accepted transfer credit hours will be included in credit hours attempted and earned to determine academic progress toward degree completion. We do not count the grades on those transfer credits toward the qualitative measure (i.e., CGPA).

 

Withdrawal and Incomplete Courses

Credit hours of courses with grades of W are counted in the APCR evaluation. The credit hours assigned as incomplete are counted in attempted credit hours and in the APCR evaluation. 22

 

Student Financial Assistance

The primary responsibility for financing a student’s education rests with the student. Financial assistance in the form of grants or scholarships is available to meet the needs of students who are unable to pay for the total cost of their education. However, these funds are limited and any financial assistance that is provided by the College should be regarded as supplemental to the family’s contribution.