Full Time Tuition, Per semester
$ 2,000.00 for AA,BA Degree Student
$ 2,000.00 for M. Div. & MACE Degree Student.
$ 3,000.00 for the D.Min. Degree Student.
Thesis and Graduation Fee

Graduation Fee................................................................	$ 300.00
Thesis Binding/Microfiche Fee(Doctoral program).................	$ 50.00
Thesis Binding, additional copies(per copy)............................	$ 10.00
Thesis Extension Fee.........................................................	$ 150.00
Stop -check Fee..................................................................	$ 30.00

Miscellaneous Fees.

Application Fee(nonrefundable)..........................................	$295.00
Late Registration Fee........................................................	$50.00
Pastoral Internship Fee(M.Div)........................................	$200.00
Transcript Fee....................................................................	$5.00

PAYMENT PLANS
All registration and tuition fees are due and payable at the time of registration. We encourage all students to pay all fees in full at registration. All balances are due at registration for classes.
Registration is not complete until payment is received. Payments received after the start of late registration are considered late and subject to late registration fee. Courses added during the late registration period are subject to late fees.
Independent study course payments are due at registration/ The second payment of those who elect to use the partial payment method is due 30 days after registration. All tuition fees are due and payable at the time the student registers. Payments may be made by cash, check, or by Master Card, Visa, or Discover card. Students should not send cash through mail.
If an account remains unpaid, VACU reserves the right to inform credit bureaus of past due accounts and to authorize collection agencies to collect on those accounts. The student will be responsible for any additional cost incurred during the collection process. Students desiring to make partial tuition payments may authorize two monthly charges only to a Master Card, Visa, or Discover card account. The first payment will be half the tuition and all fees. The second payment will be posted 30 days after the first official day of the semester.
All balances are due at that time. Pre-approved financial assistance is the only exception. VACU reserves the right to accept cash only payment on accounts where VACU deems necessary. All fees must be paid in full with the first partial payment.
A charge of $20 will be assessed for all returned checks or refused Master Card, VISA, or Discover card payments.
Any student who has not paid his entire bill by 30 days after the start of the semester will be withdrawn from the class and allowed to register the following semester. Unused tuition will be refunded to the students VACU student account minus a $10.00 drop fee.
Deferred Payment Plan....It is preferable for all tuition and fees to be paid at the time of
registration. If this is not possible, a deferred payment plan is available. This program provide a way to defer payment of up to 50 % of the University bill. It is necessary to pay at least 50% at time of registration, with the balance paid in two months for each semester.

FINACIAL ASSISTANCE
A students church, corporation, friends, or relatives may desire to pay a full or partial amount of students tuition and fees. The amount of the payment will be credited to their account after proper authorization has been received by VACU.
Proper authorization is understood to be an official document from a church or corporation stating the persons being sponsored and the amount to be credited. It must be signed by an officer who is not receiving any part of the sponsorship.
For sponsorships from individuals, a formal letter is required. Such designated funds are not tax deductible. Sponsorships from individuals must be collected in full prior to acceptance into a class.
Sponsorship monies will be held available for use or refund for one year from date of last activity. Sponsorship monies will be refunded only to the sponsor and only on written request within a 1-year limit. Beyond the specified time, any unused and unrefunded monies will be applied to the VACU general fund.
Note! If payments are not current, the student may be placed on “Financial Hold.” Further, the student responsible for any balance due should the sponsor fail to pay. This means that the student may be suspended from classes and may not enroll in any further courses until his/her account becomes current.
Because of its low tuition rate, VACU believes that all students are enjoying financial assistance to some extent. In addition, faithful stewards underwrite the expense of ministerial traing by providing schoolarship aid, which is applied toward tuition assistence.
Certain limited scholarship funds are available. These aids are granted to students on the basis of need and availability of funds. Students desiring financial assistance should submit a tuition assistance form to Financial Aid and Scholarship Committee. Following are some scholarships which have been established:
(1) Academic Scholarship- All A in full time.
(2) President’s Scholarship
(3) Spouse Scholarship
(a) For Wife and Husband of Fulltime Student)
(b) Son and Daughter of Pastor
(4) Evangelical Scholarship
(a) Pastor. Evangelist of local church
(b) Missionary.
(5) Alumni (graduates association) Scholarship

FINANCIAL APPEALS
Any student desiring to appeal a financial decision of their account may so the following:
1. Contact the Manager of Student Accounts to discuss the issue.
2. After discussing the issue with the Manager of Student Accounts, the student must submit a written request to the Vice President for Financial Affairs for re-evaluation of the financial decision in question.


REFUND POLICY
Students enrolled in the College who notify the Dean of their intention to withdraw from a
course or courses, or who intend to withdraw from their program of study, may receive a refund on tuition paid for that term. The following schedule is applicable to the first and second semesters.
Adjustment will be made for courses of three weeks’ duration or less only if the student
withdraws from the course before the first class meeting, in which case he would receive a full refund for any tuition paid.
(1) Students who withdraw or are withdrawn from class may be entitled to partialfull tuition refund. After the University has received a student’s official drop, a tuition refund will be returned to student’s VACU account minus any appropriate fees.
(2) Before the first day of the term, a student will receive 100% tuition and technology fee if class is dropped.
(3) For a student terminating their enrollment in writing within the first 7 calendar days of the semester, a 100% tuition refund per course will be returned to the student. All other fees are non refundable.
(4) For student terminating their enrollment in writing between the 8th calendar day and the 24th day after the start of the semester, a 75% tuition refund per course will be retuerned the student. All other fees are non refundable.
(5) For a student terminating their enrollment in writing between the 25th calendar day and the 49th day after the start of the semester, a 50% tuition refund per course will be retuerned the student. All other fees are non refundable.
(6) For a student terminating their enrollment in writing between the 50th calendar day after the start of the semester, student will be charged the $ 10.00 drop fee. No tuition refund per course will be returned the student. All other fees are non refundable.
(7) Refunds will be made within 30 days of the student’s termination.