TUITION AND FEES
Tuition and fees may be paid in person or by mail. The Student Accounts Office accepts payment by cash, check, or Visa Card. Billing for tuition and fees is done on a semester bases, although the student may make one payment in full for the entire academic year. Instructions for payment are available to students at the time of registration. It is the student’s responsibility to obtain and pay bills on time. Students who fail to do so are charged a late registration fee. IUTS reserves the right to make any changes in the schedule of hours or in the courses of study. An installment payment plan may be arranged. For details concerning an installment payment plan, consult with IUTS’s Financial Officer.
Tuition
| Bachelor of Theology Program (per semester hour) | $170 |
| Master of Divinity Program (per semester hour) | $200 |
Fees
| Application Fee (one time non-refundable) | $100 |
| Registration Fee (per semester) | $20 |
| Late Registration Fee | $20 |
| Drop/Add Fee (per course) | $20 |
| Catalog Fee | $10 |
| Library Fee (per semester) | $10 |
| Student Activity Fee | $30 |
| Transcript (per copy) | $10 |
| Misc. Certificate Fee (per copy) | $10 |
| Transfer Credit Fee (per credit) | $15 |
| Graduation Fee (Bachelor) | $200 |
| Graduation Fee (Master) | $250 |
| Returned Check Fee | $20 |
| Degree Replacement Fee | $50 |
Students should be aware of the expense for textbooks, in addition to tuition and fees. It is the students’ responsibility to purchase textbooks.
Other Expenses (Estimates)
| Textbooks | $300 |
IUTS may withhold permission to register, take the final examination, use campus facilities, receive services, if the student fails to make payments owed to IUTS until the debt is paid or suitable arrangement for payment has been made with the Financial Officer
An Estimated Total Charge for a Semester
Bachelor of Theology Program
| Academic Semester Charges | Amount (US$) |
|---|---|
| Tuition (16 hours x $170) | $2,720 |
| Student Activity Fee | $30 |
| Books | $300 |
| Library Fee | $10 |
| Any Other Institutional Charge or Fee | $100 |
| Academic Semester Estimated Total | $3,160 |
Bachelor of Theology Program
| Academic Semester Charges | Amount (US$) |
|---|---|
| Tuition (12 hours x $200) | $2,400 |
| Student Activity Fee | $30 |
| Books | $300 |
| Library Fee | $10 |
| Any Other Institutional Charge or Fee | $100 |
| Academic Semester Estimated Total | $2,840 |
Bachelor of Theology Program
| Academic Programs | Estimated Total Charges (US$) |
|---|---|
| Bachelor of Theology (122 hours) | $25,280 |
| Master of Divinity (98 hours) | $22,720 |
REFUND POLICY
The student has the right to cancel the enrollment agreement and obtain a refund of charges paid through attendance at the first class session, or the seventh day after enrollment, whichever is later. Those students who want to cancel the enrollment agreement or withdraw from IUTS shall obtain a refund by the following policies and procedures: The institution shall refund 100 percent of the amount paid for institutional charges, less a reasonable deposit or application fee not to exceed two hundred fifty dollars ($250), if notice of cancellation is made through attendance at the first class session, or the seventh day after enrollment, whichever is later. The institution shall also provide a pro rata refund paid for institutional charges for students who have completed 60 percent or less of the period of attendance. No refund is made after 60 percent of the attendance period is complete. In order to cancel this enrollment agreement with IUTS, the student shall mail or deliver a signed and dated form of “Leave of Absence” or “Withdrawal Notice” along with “Refund Application” to the Academic affair office. Then, the refund shall be made to the student within 45 days following IUTS’s receipt of the cancellation notice. The refund excludes non-refundable application and registration fees.
The following pro rata refund schedule applies:
- 100% Refund Friday, 1st week of the semester
- 90% Refund Friday, 2nd week of the semester
- 80% Refund Friday, 3rd week of the semester
- 70% Refund Friday, 4th week of the semester
- 60% Refund Friday, 5th week of the semester
- 50% Refund Friday, 6th week of the semester
- 40% Refund Friday, 7th week of the semester
- 30% Refund Friday, 8th week of the semester
- 20% Refund Friday, 9th week of the semester
- 10% Refund Friday, 10th week of the semester
- 0% after 10th week (less than 60% attendance)
At present, IUTS is not able to offer federal financial aid to students, such as the Pell Grant and Stafford Student Loan Programs. However, IUTS awards a limited number of partial tuition scholarships to the truly needy and deserving students who meet the following qualifications:
- The applicant must be accepted for admission.
- The applicant must submit a scholarship application for award with requested documents.
- The applicant must have/maintain cumulative grade point average (GPA) of 3.5 or higher.
- The applicant must provide proof that their financial needs satisfy the requirements for awarding financial assistance established by the Scholarship Committee of IUTS.
All financial aid is awarded on a year-to-year basis. Students who are admitted on provisional basis will not be eligible to receive any financial aid. Apply at least six weeks before the beginning of semester. If a student obtains a loan to pay for an educational program, student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund, and that, if the student has received federal student financial aid funds, the student is entitled to a refund of the money not paid from federal student financial aid program funds.