For some families, paying for educational costs not covered by a student’s scholarships and grants requires some consultation with the Student Financial Services Office. Here are some financing ideas to get you started:
FAMILY RESOURCES
Your Expected Family Contribution (EFC) is the amount the government estimates (based on your FAFSA) you and your family can contribute to your college educational expenses.
FINANCE/PAYMENT PLAN
Milligan offers an interest-free payment plan that is an easy, affordable way to pay for the year’s charges (not covered by other aid). See below.
LOANS
Educational loans can be a useful tool to pay for college, but you are encouraged to borrow only enough to cover your necessary education-related expenses.
- The average Milligan loan debt at graduation last year was $23,500, which is $3,000 below the national average (less than $300/month payment)
- Milligan students pay off their loans much better than most college graduates (default rate is 3% compared to 14% nationally and 9% regionally)
- Educational debt is not the same as commodity debt, which only depreciates in value. Your education will continue to earn you more money over the course of your life, not less.
Payment Plan
Payment Plan 1 – Pay in Full Prior to the First Day of Class
With this plan, all outstanding charges for the semester are paid on or before the first day of class. Payments may be made via cash, check, Visa, MasterCard, American Express, or Discover. For your convenience, you may pay online through Self Service, where you can view your account, print and view statements, make a payment online, and view a history of all payments on your account. By using your MC Self Service ID and password, you will have access to your online statement and current activity on your account. Payments and charges will be reflected immediately and you will have 24/7 access to your most recent bill.
Pay Online »
Payment Plan 2 – Tuition Payment Plan
Milligan offers an interest free payment plan that allows you to spread your tuition costs over nine, ten, or eleven months. This plan can be used in conjunction with a Federal PLUS Loan and/or Alternative Loan to assist students and families in managing their educational debt. The payment plan enrollment fee for students enrolled in fall/ spring semesters is $75 for the academic year, $40 for spring semester only. For MBA and ADCP students, the enrollment fee is $85 for the entire program. You must enroll by the first day of classes. Click here for instructions on setting up the payment plan »
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Student Account: Things You Must Know
Notifications
Your Milligan College email account is used regularly to notify you of important information regarding your financial aid and/or student account.
Policies
Complete policies and detailed information regarding financial aid and student accounts can be found in the college Catalog.
COURSE CANCELLATION Policy
Course schedules will be cancelled for students who have not submitted immunization records, all applicable transcripts, and completed ALL financial aid processes AND paid the balance due on their accounts before the first day of class. Students will not be able to eat in the cafeteria or grill using their meal plans after course schedules are cancelled. Meals can be purchased with cash from Pioneer during this time.
A $100 re-enrollment fee will be assessed to all students whose registrations are cancelled and who must re-register for classes. All financial issues will have to be addressed satisfactorily before a student will be able to re-register for classes. It will be the student’s responsibility to ensure their financial aid and student account balance have been addressed before the first day of class.
Course Cancellation Dates for 2018-19:
- Fall: August 27, 2018
- Spring: January 15, 2019
Before First Day of Class
The following should be completed before the first day of class:
- Pay entire balance due or enroll in the Tuition Payment Plan
- Sign and return Financial Aid Offer
- Complete master promissory note
- Complete on-line entrance interview for first time borrowers
- Return all documents requested for verification, if applicable
- Milligan College Financial Aid Application (does not apply for incoming traditional undergrad students)
- Submit pre-approval for alternative loans
- Submit final high school transcript
- Complete Parent Plus loan application, if applicable
- Communicate to SFS all payments expected from VA or 529 savings plans
This is not an exhaustive list of tasks which might need to be completed. See your SFS counselor about your specific situation.
Any student with an unpaid balance, missing transcripts, or missing immunization records after registration will have their course schedule cancelled and will not be allowed to attend classes. In order to re-enroll, students will have to satisfactorily resolve all issues and will be assessed a $100 re-enrollment fee.
Charges
Charges shown on the student statement include tuition, fees, room and board. Once you enroll, you are liable for all charges.
Pending Financial Aid
Aid that is listed on the student statement is aid that has been awarded to you but is still in ANTICIPATED/PENDING status. Your financial aid will be posted to your student account upon verification of enrollment status after drop/add period ends and all necessary aid paperwork is completed. Pending aid does not include work study, outside scholarships, VA benefits, or payments from Section 529 savings plans.
Refund Policy
REFUND IN THE EVENT OF WITHDRAWAL FROM THE COLLEGE
The College operates on an annual budget which necessitates advance planning and financial commitments to teaching staff and others whose services are essential to its operations. For this reason, no refunds are granted to those persons who are dismissed from the College for disciplinary reasons. The official date of withdrawal used to compute refunds is the date on which the student begins the official withdrawal process in the Student Development Office.
TUITION, ROOM, BOARD (TRADITIONAL UNDERGRAD, ADCP, MAH, MSC, MSPAS, MSOT, MED, MDiv, MAR, Ed.D., Ed.S.):
Tuition, room and board refunds are calculated on the following schedule: |
Prior to first calendar day of the semester |
100% |
During first seven calendar days of the semester |
90% |
During the eighth through the fourteenth calendar days of the semester |
75% |
During the fifteenth through the thirtieth calendar days of the semester |
50% |
No refunds after the thirtieth calendar day of the semester or for unofficial withdrawals |
0% |
An exception is made for illness, in which case the 50% refund period is extended to the ninth week. Illness must be certified by a physician’s written statement.
The refund policies for the following programs are explained in the Catalog: MBA, MACM, DMin.
FEES REFUND SCHEDULE
Fees are only refundable during the first seven calendar days of the semester.
INSTITUTIONAL SCHOLARSHIP
Institutional scholarships are those scholarships granted by Milligan College.
In the event of withdrawal from the college, institutional scholarships will be applied using the following schedule: |
Prior to first calendar day of the semester |
0% |
During first seven calendar days of the semester |
10% |
During the eighth through the fourteenth calendar days of the semester |
25% |
During the fifteenth through the thirtieth calendar days of the semester |
50% |
After the thirtieth calendar day of the semester |
100% |
REFUND IN THE EVENT OF WITHDRAWAL FROM CLASS
The schedule of refunds for withdrawal from a class is different from above. Since the College charges the same tuition for traditional undergraduates enrolled in 12-18 hours, there is no refund for withdrawing from a class if the total hours, before and after withdrawal, is within the 12-18 range. If the new total hours are fewer than the original total, the following schedule will apply:
If the new total hours are fewer than the original total, the following schedule will apply: |
Prior to first calendar day of the semester |
100% |
During first seven calendar days of the semester |
90% |
During the eighth through the fourteenth calendar days of the semester |
75% |
During the fifteenth through the thirtieth calendar days of the semester |
50% |
No refunds after the thirtieth calendar day of the semester or for unofficial withdrawals |
0% |
See the Catalog for information regarding refunds from withdrawal of a course in Graduate & Professional Studies programs.
RETURN OF TITLE IV FUNDS (FEDERAL FINANCIAL AID)
In addition to the overall institutional refund policy requirements, the College is required to follow the regulations mandated by the Department of Education pursuant to the Higher Education Opportunity Act for any student who receives Title IV Federal Aid. The Return of Title IV Fund calculations may result from the student withdrawing, dropping out, being expelled from the institution, or failing to complete the program on or after the student’s first day of class for the period of enrollment for which the student was charged. Further explanation of the Return of the Title IV Funds is included in the Milligan College Catalog. Examples of the Return of Title IV Fund calculations are available in Student Financial Services.
REFUND POLICY FOR COURSE FEES
Course fees will be refunded if the student drops the class within the first seven calendar days of the semester. After this time, fees will not be refunded.