Business Office

Down Payment Policy

Effective for the fall 2020 academic year

The following changes will take effect with regard to the down payment amount, due date, and payment plan amounts.

  1. A down payment equal to 25% of the outstanding student account balance will be due August 1 for the fall semester and January 1 for the spring semester. The amount due will be calculated using the balance due after all financial aid has been applied multiplied by 25%.
  2. The initial 25% due must be paid by the census date of each term or the student will be dropped from the term.
  3. The remaining balance due as of the census date will be divided into 3 equal payments due the first day of each subsequent month. (Sept, Oct, Nov) or (Feb, Mar, Apr) A $60 payment plan fee will also be added at this time.
For the Fall 2020 term, room and board credits caused by COVID-19 will be considered as part of the 25% down payment.

Examples:

Student A. This student has $15,000 in charges for the fall semester and their financial aid package totals $11,000. The balance due for this student is $4,000. On August 1, the student will have a down payment due of $1,000. The remaining $3,000 balance will be due in three equal payments of $1,000 on the first day of the month in September, October, and November.

Student B. This student has $12,000 in charges for the spring semester and their financial aid package totals $9,500. The balance due for this student is $2,500. On January 1, the student will have a down payment due of $625. The student then arrives to campus and adds $225 in textbook charges to their account. Their new balance due is $2,100. This balance will be due in three equal payments of $700 on the first day of the month in February, March, and April.

Student C. This student has $15,000 in charges for the fall semester and their financial aid package totals $9,000. The balance due for this student is $6,000. On August 1, the student will have a down payment due of $1,500. The student is unable to make the $1,500 down payment and works with financial aid to receive a $3,000 alternative loan. Their new balance due is $3,000 and the down payment due is now $750. The remaining balance of $2,250 is due in three equal payments of $750 on the first day of the month in September, October, and November.

Opportunity to Use My Abilities for God

“At KCU I was able to learn under the guidance of the best ministry professors and administrators. KCU gave me
my first opportunity to use my abilities for God. KCU gave me an opportunity to excel athletically, artistically, and
academically. But most of all, when I look back on my time at KCU, I will remember the people. I will remember the
smiles, I will remember the laughs my friends and I shared. KCU is a family and one I am very proud to be in.”

Cody Sabol, Class of 2017

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