Student Accounts

2025-2026 Financial Information

Dual Enrollment and Traditional

Dual Enrollment

Traditional

Nursing - Upper Division (4 semesters)

Housing

Meal Plans (includes sales tax)

Course Fees I

 Miscellaneous Fees

 Fees are Non-refundable

The University reserves the right to adjust rates and fees at any time before charges are incurred by the student. Books and supplies must be purchased separately.

Adult, Non-Traditional, Master’s, Doctoral, and Jones School of Law

Adult/Non-Traditional

Masters/Doctoral Programs

 Jones School of Law

 Course Fees II

 Miscellaneous Fees

 Fees are Non-refundable

The University reserves the right to adjust rates and fees at any time before charges are incurred by the student. Books and supplies must be purchased separately.

Financial Policies

Students will not be allowed to register for classes or attend classes unless a signed Student Financial Responsibility Agreement for the current semester/term/module is on file, and the student has obtained Business Office approval to be enrolled.

I. Responsible Party

A. If a student is of legal age, he/she is deemed to be the primary party liable for his/her financial obligations.

B. It is the student’s responsibility to be familiar with the university’s financial policies.

C. It is the student’s responsibility to check their Faulkner University email and mailbox during the school year.

D. It is the student’s responsibility to notify the Registrar’s office of changes in the student’s off campus mailing address or any other changes in contact information.

E. All students must complete a Student Financial Responsibility Agreement each semester which includes agreeing to our Financial Responsibilities statement and Faulkner University Student Handbook policies.

II. Account Payments

A. Domestic Students

1. Payment in full is due on the first day of the semester for all registered courses, including all modules for those in semester programs with less than 16-week courses, such as 5-week modules, 8-week modules, or any other format that may apply for the semester. Payment in full is due on the first day of the semester for all University Housing and Meal Plan charges. Students may enroll in a monthly payment plan option as described in Section V. Payment Arrangements.

2. Students who fail to pay their balance in full or fail to set up a payment arrangement with Student Accounts prior to the first day of the semester, will be dropped from their courses and removed from University Housing and Meal Plans.

3. Those students enrolled in Module 1 of the semester and have not made satisfactory settlement of their Module 1 balance will be withdrawn from their subsequent module courses. Similarly, students enrolled in Module 2, 3, or 4 courses will be withdrawn from their subsequent modules if satisfactory settlement of a previous module has not been made.

4. Additional charges may be incurred throughout the semester. Payment for those charges is due on the last day of the month for which the charge(s) was posted or paid along with your arranged Installment Payment Plan (IPP) agreement.

5. Students will not be allowed to progress to the next semester with an account balance greater than $500.

6. Students that have entered into an Installment Payment Plan agreement will not be allowed to register for classes in a subsequent semester unless and until the student is current on the Installment Payment Plan agreement.

B. International Students

1. All international students participating in an on-campus program are required to submit a $5,000 deposit prior to arrival on campus. The deposit will be applied to the student’s financial charges for the semester. If institutional scholarships reduce the initial account balance to an amount less than $5,000, then the remaining account balance must be paid in full prior to arrival on campus.

2. Any remaining balance after the required deposit is due in full on the first day of the semester for all registered courses, including all modules for those in semester programs with less than 16-week courses, such as 5-week modules, 8-week modules, or any other format that may apply for the semester. Payment in full is due on the first day of the semester for all University Housing and Meal Plan charges. Students may enroll in a monthly payment plan option as described in Section V. Payment Arrangements.

3. Students who fail to pay their balance in full or fail to set up a payment arrangement with Student Accounts prior to the first day of the semester, will be dropped from their courses and removed from University Housing and Meal Plans.

4. Undergraduate students enrolled in less than 12 hours will no longer be “in-status” for the U.S. Visa and will be reported to the International Student Advisor. Postgraduate students must take a full course of study each semester, which will vary depending on the graduate program.

5. Those students enrolled in Module 1 of the semester and have not made satisfactory settlement of their Module 1 balance will be withdrawn from their subsequent module courses. Similarly, students enrolled in Module 2, 3, or 4 courses will be withdrawn from their subsequent modules if satisfactory settlement of a previous module has not been made.

6. Additional charges may be incurred throughout the semester. Payment for those charges is due on the last day of the month for which the charge(s) was posted or paid along with your arranged Installment Payment Plan (IPP) agreement.

7. Students will not be allowed to progress to the next semester with an account balance greater than $500.

8. Students that have entered into an Installment Payment Plan agreement will not be allowed to register for classes in a subsequent semester unless and until the student is current on the Installment Payment Plan agreement.

9. International Students are required to show proof of their ability to pay prior to receiving a student visa. Should the student’s circumstances change, he or she must communicate with Student Accounts as soon as possible.

III. Service Charges

A.  A late fee of $35 will be assessed after the scheduled due date.

B. There is a monthly service charge of 1.5% (18% annually) of the past due balance on all accounts.

C. The grace period for all new charges incurred after the start of the semester is 30 days.

IV. Account Holds

A. Business Office holds are automatically placed on accounts with unpaid balances of $500 or more. The Business Office hold restricts access to enrollment changes or future enrollment. In order for the hold to be removed, the account balance must be lower than $500, or the student must be successfully enrolled in, and current on, an Installment Payment Plan.

B. Students, no longer attending Faulkner University, with account balances over 90 days delinquent will have their debt sent to collections.

V. Payment Arrangements

 A. All students are required to complete a Student Financial Responsibility Agreement form before the semester begins.

 B. Payment of expenses may be arranged under one, or a combination of, the following four payment plans:

1. Plan 1 - CASH - This is the best form of payment because it eliminates all service charges. Checks should be made payable to Faulkner University and must identify the student for whom the payment is made. The University also accepts four major credit cards (American Express, Discover, MasterCard, and Visa), which can be used to pay any part of the total student charges. Those who pay with a credit card will be charged a 3.0% convenience fee. International Students may wire funds from their home country using Flywire services at https://pay.flywire.com/ .

2. Plan 2 - INSTALLMENT PAYMENT PLAN (IPP) - An interest-free monthly payment plan available through the Student Accounts Office for a $75 enrollment fee. Students who cannot pay their balance in full by the first day of the semester should enroll in the payment plan prior to the first day of the semester. No charges from a previous semester will be allowed to roll forward into a new installment payment plan.

a. Fall Semester IPP: The student’s balance will be divided into four payments. Payments will be due the 25th of each month, August to November.

b. Spring Semester IPP: The student’s balance will be divided into four payments. Payments will be due the 25th of each month, January to April.

c. Summer Semester IPP: The student’s balance will be divided into three payments. Payments will be due the 25th of each month, May to July.

d. NOTE - Students whose initial registration and enrollment begin after the start date of the semester, such as registering for classes immediately prior to or on the start date of the 2nd or 3rd module start, may elect the installment options above; however, the payment terms will be divided over the remaining months in the semester.

3. Plan 3 - ALTERNATIVE STUDENT LOANS - There are a variety of student loans available to students through private lenders. Information can be obtained by contacting the Financial Aid office. Additional information is available on our website by visiting: https://www.faulkner.edu/financial-aid/ .

4. Plan 4 - PARENT LOAN FOR UNDERGRADUATE STUDENTS (PLUS) - This fixed interest rate loan is available, subject to credit approval, to the parents of undergraduate, dependent students enrolled in at least a half-time course of study. The amount available is determined by the cost of education less the amount of other financial aid the student receives. Interest begins accruing when the loan is disbursed. Parents have two payment options: 1) Begin repayment 60 days after full disbursement, or 2) parents may defer payment until the student has completed college or is enrolled in less than half-time hours. This loan is only available to parents whose student has completed the FAFSA. Information can be obtained by contacting the Financial Aid office. Additional information is available on our website by visiting: https://www.faulkner.edu/financial-aid/ . Federal law requires all loans to be processed prior to the end of each semester.

C. THIRD PARTY REIMBURSEMENT - Students whose accounts will be paid directly to the University by a third-party sponsor, such as a company, church, the military, or other organization, must submit acceptable written commitment to the University.

1. The University, at its sole discretion, may defer payment of the reimbursement amount until funds are received from the third party.

2. Any amount not covered by the third party must be paid by the student in accordance with section V. B. above.

3. If the student’s bill remains unpaid contrary to the terms of the third-party agreement, continued enrollment may be delayed until suitable arrangements are made.

4. The student is ultimately responsible for the timely payment of the account. If funds are not received on time, the student is responsible for the remaining balance due.

5. Students, whose reimbursement will be paid directly to the student, must follow the payment schedule documented in section V. B. above. A late payment fee of $100 will be assessed if the student fails to pay according to these terms.

6. The student must remain current on all expenses in order to continue enrollment or/and be registered for future semesters. The student holds responsibility for all charges associated with attending Faulkner University.

VI. Statements

 A. Monthly statement notifications will be sent by email on or around the 15th day of each month.

 B. It is the student’s responsibility to grant third party access so that a parent or some other third party may have access to a student’s account. Third party access can be given by contacting the Student Accounts Office.

 C. Due to FERPA regulations, Faulkner University staff cannot provide account information to third parties unless the student has granted specific permission. This includes, but is not limited to, the following:

 1. Account balances

 2. Financial aid awards

 3. Tax information

 4. Payment information

VII. Past Due Balances

 A. Students who are delinquent with payments past the first day of the month following the scheduled due date will not be allowed to continue in classes or register for future classes, will be removed from any future courses for which he/she has preregistered, and will be removed from campus housing and University meal plans. For example, if the scheduled due date is August 25, the student must make the scheduled payment plus the late fee by September 1 in order to avoid these actions. Any outstanding balance from a previous term must be paid before enrolling for the next term.  If the scheduled payment is not received by the first day of the following month, the student will:

1. Be immediately restricted from participating in any extracurricular activities, including but not limited to student clubs, athletics, performances, and student government.

2. Not be allowed to attend classes or participate in courses through Canvas or any other LMS used by Faulkner University.

3. Be administratively withdrawn from all courses enrolled by the Registrar’s Office on the 6th day of the month (i.e., September 6, October 6, November 6, and December 6, etc., respectively).

In the event any of the above dates fall on a weekend or a holiday, the date will be extended to the next business day.

B. Once a student separates from Faulkner University with an unpaid balance, his or her account is considered in default. At this point, the student’s account will be placed with our Collection Department.

C. Delinquent accounts may be placed with a collection agency and are subject to legal action. If, after a student separates from Faulkner, an obligation is due that requires an outside collection agency, the responsible party agrees to pay the collection agency fees, court costs, and attorney fees for collecting the balance.

D. No penalty/late fee will be assessed for VA students if unable to meet financial obligation due to delayed disbursement by VA (PL 115-40 Section 103).

VIII. Course Change Charges

 A. Students must add or drop courses according to University academic policies.

 B. A course change fee is charged for each add or drop transaction after classes begin.

 C. In the event the student incurs additional charges through adding of classes or through other adjustments, the resulting additional balance due must be paid according to the terms of Section V. Payment Arrangements.

IX. Refund Policies

 A. TUITION - Tuition refunds are made in accordance with the respective schedule below only after the student notifies the Registrar’s Office of his/her intention to drop or withdraw. Refunds for housing and meal plans are made in accordance with their respective refund schedule in section IX. B. below. All other fees and charges are non-refundable. Any refunds for payments that have been made by check will not be processed until the check has cleared the bank. If financial aid has been posted to the student’s account, a refund will not be processed until any necessary adjustments have been made to financial aid. In addition, refunds are not processed until the conclusion of the published refund as described in the respective Refund Schedule below.

Non-Traditional and Graduate Classes with Less Than 14-Week Terms (Modules or Sections):

Registration is considered a contract binding on the student. If the student officially notifies Faulkner University of the withdrawal, the withdrawal date is the date, as determined by the university, that the student began the withdrawal process or otherwise provided official notification to the Registrar’s Office, in writing, of his/her intention to withdraw. Scholarships will be adjusted at the same rate tuition is refunded. No combination of awards, however, may result in a refund of more than 100% of the student’s total charges.

Students receiving financial aid should consult with the Financial Aid Office concerning the possible effect of withdrawal or change in course load. Any remaining balance on account must be paid at the time of withdrawal or dismissal.

B. HOUSING AND MEAL PLANS - While we understand situations arise which require students to withdraw from classes and leave campus, the University incurs numerous fixed costs necessary to provide housing and meals to our students, in addition to the cost of reserving a room for the student. As a result, the following refund schedules will apply to all housing and meal plans.

Housing

Residential students who withdraw from campus housing are eligible for refunds based on the following schedule:

Meal Plans

A student may change or cancel his/her meal plan through the end of business of the 14th calendar day after the start date of the term. Meal plan charges and remaining Eagle Bucks will be adjusted for approved changes based on the current meal plan, requested meal plan, and the date the meal plan change is received/processed. The University does not provide refunds for meals missed or meal plans not utilized during a term. No changes or cancellations will be allowed after the 14th calendar day of the start of the term, except as follows. Students that completely withdraw from classes for the term are eligible for refunds of Meal Plan charges based on the following schedule:

Suspension, notice or withdrawal after the specified dates does not result in reduced charges or additional credits on the student bill.

X. Refund Policies in Case of Certain Eventualities

Tuition and Fees - Notwithstanding anything published by the University to the contrary, the University will not provide a refund of fees or a complete or pro-rated refund of tuition (other than as set out in section IX above) for dropping a class or withdrawing from all classes after classes have begun if the dropping or withdrawing occurs after an announcement that the class(es) will be moved partially or wholly from an on-ground environment to an online environment. The University will also not refund any fees even if the University closes its campus(es) and completely ceases holding on ground classes. There are many factors that can affect making such moves and the University reserves the right to make such moves as it sees fit.

XI. Security Interest in Student Records

Diplomas, grades, official transcripts, or other reports are not released until all accounts, current or otherwise, have been settled in agreement with University policy as outlined above. Faulkner University retains such documents as security for these obligations until they are satisfied. In accordance with requirements of the United States Department of Education, the University will release a partial transcript for all semesters where a student received Title IV funds and has satisfactorily paid his or her account balance in full for the respective term. Under no circumstances will a transcript be released for any semester where an account balance has not been paid in full.