Feb 18, 2020  
2019-2020 Undergraduate Catalog 
    
2019-2020 Undergraduate Catalog

Financial Information


 

 

Traditional Undergraduate

Fall/Spring Per Semester Per Year
Tuition (block rate for 12-18 hours) $ 15,430 $ 30,860
General Student Fee (12-18 hours)      1,282      2,564
Room and Board      6,436    12,872
Total basic cost for typical student $ 23,148 $ 46,296

 

Hourly Rates Fall/Spring
Part-time hourly rate (1-11 hours) per hour 1,286
Hourly rate (19 or more hours) per hour 740
General Student Fee (1-11 hours) per hour 107

 

Guaranteed Tuition Option

Fall/Spring Per Semester Per Year
Guaranteed Tuition (block rate for 12-18 hours) $16,343 $32,686
Guaranteed General Student Fee    1,358    2,716
Room and Board (subject to increase each year)    6,436   12,872
Total $24,137 $48,274

 

Basic Charges for Other Programs

Certificate of Accountancy Program per hour 525
English for Academic Purposes per semester 7,500
IDEAL Program per semester 8,188
IDEAL Program second-year students 7,900

Room and Board Charges

Housing
Fall/Spring Per Semester
Elam, Fanning, High Rise, Johnson (traditional) or Sewell double/triple occupancy $3,760
Elam, Fanning, High Rise, Johnson (traditional) or Sewell single occupancy 4,998
Johnson (addition) double/triple occupancy 4,025
Johnson (addition) single occupancy 5,265
The Village double occupancy 4,730
The Village single occupancy 5,968
Bison Hall double occupancy 4,975
Bison Hall single occupancy 6,258
Meal Plans
Fall/Spring Per Semester
(All students who reside in Lipscomb University residence halls are required to purchase a meal plan.)  
Bison Stampede (14 dining hall meals per week with $500 Dining Dollars) $2,860
Bison Herd (12 dining hall meals per week with $600 Dining Dollars) 2,675
Bison Traveler (7 dining hall meals per week with $650 Dining Dollars) 2,480
Bison Four (seniors only; 4 dining hall meals per week with $500 Dining Dollars) 1,705
Bison Unlimited (with $425 Dining Dollars) 2,880
Bison Unlimited (with $250 Dining Dollars) 2,676
The Village and Bison Hall Residents (all Dining Dollars) 1,265

Note: Meal plans are valid for the current semester only. Dining Dollars will roll over from fall to spring semester if a spring semester meal plan is purchased. All Dining Dollars expire at the end of the spring semester.

Global Learning Room and Board

Global Learning Housing (Vienna, London, Florence, & Costa Rica) $4,730
Global Learning Meal Plan 2,860

Fees

Enrollment Fee - Freshman (covering Advance and QuestWeek) - add $20 per Advance guest registration $260
Enrollment Fee - Transfer (covering Transfer Advance or Transfer Express and QuestWeek) 215
Advanced Standing Equivalency Credit (AP, CLEP, IB, EB) & Credit by Exam evaluating and recording, per course 70
Constructing and Administering Departmental Exam, per course 100
Application for Graduation 195
Art Supplies Fee 75
College of Education Student Teaching Fee 400
College of Education TPA Fee 300
Dietetics Internship Fee 1,750
Food Lab Fee 75
Foreign Language Fee 35
Global Learning Semester Abroad Fee - Florence, Vienna & Costa Rica 3,800
Global Learning Semester Abroad Fee - London 3,900
Housing Processing Fee (excludes The Village) 150
Housing Processing Fee - The Village 200
Lab Fees: Biology, Chemistry, Computing, Engineering, and Physics 95
   
Private Music Instruction for credit (one half-hour lesson per week, per semester) in addition to tuition (non-refundable after first week) 400
Private Music Instruction for credit (two half-hour lessons per week, per semester) in addition to tuition (non-refundable after first week) 720
Private Music Instruction not for credit (one half-hour lesson per week, per semester) (non-refundable after first week) 570
Private Music Instruction not for credit (two half-hour lessons per week, per semester) (non-refundable after first week) 980
Returned Payment Fee 30
Monthly Payment Plan Enrollment Fee (per semester) 60
Transcript Fee 5
Undergraduate Application Fee 50
Withdrawal Fee 195

Note: Lipscomb University reserves the right to adjust any fees at any time before the charges are incurred by the student.

Payment Options

Financial arrangements for all student charges should be made before classes start based on the published dates: Fall - Aug. 1 | Spring - Dec. 1 | Summer - May 1. To meet the financial needs of our students and their families, Lipscomb offers the following payment options. Students who have not designated one of the following payment options will not be eligible to attend classes:

I. Monthly Payment Plan

Lipscomb University offers monthly payment plan options that allow students to pay semester expenses with equal monthly payments ending in October (for fall) or March (for spring). The plans have a non-refundable enrollment fee of $60 per semester. Any late payments are subject to a $40 late payment fee. Payments are drafted on the 25th of each month. Note: Payment plans will not include prior term charges.

II. Full Pay

Under this plan the entire balance (less any verified financial aid) is paid before classes begin based on the published dates. Credit card and ACH payments can be made online. Check payments can be made at the cashier’s window.

Note: It is the student’s responsibility to make arrangements for all financial aid, outside scholarships, loans and payments prior to the beginning of the term. When calculating your full pay balance, do not deduct any estimated work study award.

Financial Responsibility

Registration at the University is considered a binding contract. Students are not permitted to register for classes or receive transcripts or diploma until all financial obligations to the University are satisfied.
 
Students are responsible for informing the Registrar’s Office of any change in billing address.

Delinquent Accounts

Past due accounts are subject to interest at 1.5 percent per month (18 percent annually). Failure to meet financial obligations to the University may result in the delinquent account being placed with a collection agency. Students are responsible for reimbursing the University for the fees of any collection agency, which may be based on a percentage at a maximum of 33.3 percent of the debt, and all costs and expenses, including reasonable attorney’s fees incurred in such collection efforts.

Business Office Holds

Students who have not satisfied their financial obligations will be placed on hold. Students on a Business Office hold are not permitted to register for classes or receive transcripts or diploma.

Title IV Stipend Policy

A stipend will be issued for any credit balance on a student account resulting from Title IV funds no later than 14 days after credit occurred. Direct deposit is the preferred method.

Dropping Courses

During the official drop/add period, students are able to drop or add online. After that time, a Drop/Add Form must be completed and accepted in the Registrar’s Office. The official drop date will be the faculty-reported last date of attendance/participation in the course.

Adding Courses

No reduction in tuition is provided for courses added at any time during the semester. Before adding or dropping classes, students should ensure that they understand how the course load changes will affect their student account, including the impact on loans, scholarships, and grants as applicable.

Official Withdrawal

• Students desiring to officially withdraw from the University must obtain a Withdrawal Form from the Registrar’s Office and supply all requested information and required signatures.
• The completed Student Withdrawal Form and the student ID card must be received in the Business Office before an adjustment can be made to the student’s financial record.
• The official withdrawal date will be the faculty-reported last date of attendance/participation in the course.
• The deadline for official withdrawal from the University is the last day of classes prior to the final exam period of each semester.
• Lipscomb charges a withdrawal fee.
Suspension, probation or withdrawal after the specified dates does not result in reduced charges or additional credits on the student bill.