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:

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(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.