Financial Information

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Introduction

Pikeville College seeks to provide excellent instruction and pleasant living conditions at a modest expense.

As a private institution of higher education, Pikeville College does not receive a fixed amount of state or federal funding. Student tuition covers approximately one‑third of the educational cost. Therefore, to support its academic programs, the College accepts funds from foundations, corporations, endowments, alumni, parents, and friends of the College. Additionally, the College administers an extensive federal, state, and institutional financial aid program.

Students may attend Pikeville College despite their financial limitations. In order to do so, however, they are urged to seek financial assistance early from the Office of Student Financial Services. The following figures are for the 2004-2005 academic year. These fees are subject to annual revision.

COSTS (2002-2003)*

Per Semester

Per Year

Full-Time Students

12-18 hours (For nineteen or more hours, there is an additional $100 per credit hour).

$5,250

$10,500

Part-Time Students

Less than twelve semester hours (including audited courses).

$438 per semester hour

Single Students

Room (double occupancy)

$1,250

$2,500

Board - nineteen meal plan $1,250 $2,500

Total:

$2,500 $5,000

Married Students

Efficiency apartments

$140 per month plus utilities

One-bedroom apartments

May be available upon request

Summer Sessions
Room $100 Per Week
Board Meals are purchased on individual basis

* All charges are subject to change for the 2005-2006 academic year.

Fees*

The cost of all instructional material, with the exception of books, required supplies, and the fees listed below, is included in the tuition charge.

  1. Room Deposit: Fifty dollars is required at the beginning of an academic year. This fee is refundable or credited to the student’s outstanding balance thirty days after he/she leaves Pikeville College. Damages made to a room or apartment will be deducted before a refund is made.
  2. Graduation Fee: A one‑time $30 fee is assessed when the student applies for graduation.
  3. Student Teaching Fee: An extra $100 fee is assessed when a student registers to take his/her supervised field experience.
  4.  Special Fees (only as applicable):

FEE

AMOUNT

Late Registration $10

Transcripts

(No Charge)

Credit by Examination

$100 basic fee per course plus $100 for each semester hour of credit granted

Work Experience Credit

$100 basic fee per course plus $100 for each semester hour of credit granted

Returned Checks

$20

Smart Card Replacement

$20

* All charges are subject to change for the 2005-2006 academic year.

Official Registration

A student is not officially registered for any class until he or she has made a satisfactory settlement with the Business Office for tuition and fees, as well as room and board, if applicable.

Room And Board

Room rent is assessed at the beginning of each semester. All students in college housing must furnish sheets, pillows, blankets, pillow cases, and towels for themselves.

The meal plan covers the actual number of weeks that classes are in session during the fall and spring semesters. A meal plan is required of all resident students. The food service is willing and able to accommodate students with special diets prescribed by their doctors. Consequently, no exemption from the meal plan will be granted unless the College and the student’s physician agree that the food service is incapable of supplying a specific diet. Applications for exemption from the meal plan are available at the Office of Student Services, and should be returned two weeks prior to the beginning of the semester. Commuter students may also purchase meals in the dining hall.

Financial Responsibilities

All students are personally responsible for payment of financial obligations. Students must, therefore, be familiar with the following policies, since no exception will be made.

An outstanding balance can be paid in three installments by the 15th of the following months: (Fall semester) September, October, and November; (Spring semester) February, March, and April. A 1.5% service charge on the total unpaid balance will automatically be added to the student’s account each month. To avoid service charges, the full outstanding balance must be paid in full with the first billing of each semester.

If an account is substantially in arrears, a student may be refused permission to continue in classes. Therefore, students are urged to report to the Business Office any inability to comply with a billing or any perceived discrepancies in their account.

Any student who does not have a balance of zero at the end of each semester will not be permitted to register for a new semester or summer term until that balance is paid.

Charges for parking tickets, library fines, unauthorized use of phones, or other charges will automatically be added to a student’s account and will become part of what a student owes the College.

No transcript will be issued to a student, nor will one be forwarded to another college, when there is an unpaid balance.

A student will not be allowed to participate in commencement or receive a diploma if an outstanding balance exists.

Withdrawal Policy

All students who withdraw before a semester is completed may be assessed an administrative fee, the lesser of $100 or 5% of total cost, plus any additional fees according to the refund policy as outlined below. Any student who fails to go through proper procedures for withdrawal, or delays official withdrawal, will also be held responsible for charges in accordance with the refund policy.

Refund Policy/Return Of Title IV Funds Policy

Tuition, room, and board are refundable for students who withdraw from Pikeville College during Fall and Spring semesters. Room and board charges are prorated by the week based on the number of weeks in residence as established by the residence hall check-out sheet completed by the residence hall director or resident assistant.  Tuition is refunded according to the Return of Title IV Funds Policy established by the U.S. Department of Education. Tuition, institutional, state, and federal (Title IV) funds will be returned based on the number of days (percentage of period) completed. This percentage will be applied to the total amount of Title IV aid for which the student established eligibility (earned aid) before withdrawing. The amount of earned aid will be subtracted from the amount of aid which was (or could have been) disbursed and the remaining amount will be returned to the respective sources.

There are no refunds for individual classes dropped after the first week of classes.

The College reserves the right to make changes in costs and fees when such changes are deemed necessary by the Board of Trustees.

 

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