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Financial Aid Policies

Student Financial Aid Rights and Student Financial Aid Responsibilities

Financial Policies and Procedures

Pillar College is committed to providing a high-quality, cost-effective education for its students. Tuition and fee rates, payable each semester, are set annually according to economic conditions within the college and industry standards.

  • Annual Full Time Student Tuition (Domestic) $22,056
  • Annual Full Time Student Tuition (International) $30,000
  • Block Rate (12-17 credits per semester) $15,000

    *Block rate is not available to LEAD, Online and Independent-study courses

International Students

International student tuition up to 15 credits maximum

  • Per credit rate (11 or less; 18 or more credits per semester) $919

    All Online and Independent Study Courses are charged at per credit rate

  • Audit rate per credit $158
  • Dual Enrollment (DEED) program per course (not per credit) $525

    Taken at Pillar College

  • Dual Enrollment (DEED) program per course (not per credit) $263

    Taken at local high school

  • Developmental Courses (ESL and courses below 100 level) per credit $306

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Note: For the LEAD program, tuition is determined at the cohort start date and remains the same for the duration of that program. Courses taken outside of the LEAD program are charged at then current tuition rates. Enrollment in a LEAD term financially obligates the student for the entire four class semester. General Semester Fees. All Fees are non-refundable.

  • Registration Fee $105
  • Online Services Fee $105
  • Media Lab Fee $105
  • Per Semester Total for Domestic Students $350
  • Per Semester Total for International Students $750
  • ESL Only $100
  • Non-Degree Students $132
  • New Student Enrollment Deposit $100

    Non-refundable, applied toward tuition and fees. Required to secure enrollment in upcoming classes

Additional Charges

  • Application Fee $50

    Payable upon submission of application, non-refundable

  • Transcript Fee $10

    Official transcript (additional charge for expediting) (first transcript issued free of charge for graduates)

  • CDC Evaluation Fee $45

    Evaluation fee for each Credit by Demonstrated Competency project for which the student applies

  • CDC Transfer Fee $45

    Per credit accepted for transfer by Demonstrated Competency

  • Graduation Fee $100

    Payable upon the last semester of degree completion

  • Returned Check Fee $35

    Per occurrence

  • Books and Materials Fee $100

    Per course for LEAD and BLEND only

  • Online Course Transfer Fee $50

    For deferring start date of an online course already in session

  • Check Replacement Fee $35

    To replace check sent to student lost due to change of address which the student did not report to the college

Payment of Student Accounts

All semester expenses must be paid in US currency. Students are billed for tuition based upon their registration schedule. Fees are charged according to the schedules shown above.

After Financial Aid eligibility is verified, students must then pay in full any remaining balance by the first day of class, or have made the first payment of an authorized installment payment plan.

Class registration is not complete until the balance is paid or installment payments have begun.

1. Students will not be seated for class at the beginning of a semester unless any remaining balance is paid in full or an authorized installment payment plan is in effect to satisfy the balance.

2. If a student reneges on an installment payment plan, or if for any reason there is a balance remaining on the student’s account, Pillar will make a determination as to whether the student may continue in the semester.

3. If a student has a balance remaining on account for any reason, Pillar may determine to withdraw the student from all courses and grant no academic credit. Should this occur, transcripts will display a WP for Withdrawn Passing or a WF for Withdrawn Failing based upon course work completed at the time of the withdrawal.

4. Should Pillar determine to allow a student to remain in class even when there is an outstanding balance on the student’s account, Pillar shall not forfeit their right to enforce these policies or make other determinations at any time.

Student Account HOLD Status:

Students who have not paid their balance in full, or who fail to maintain their payment schedule on an installment plan, may be placed on FINANCIAL HOLD.

When a student’s account is in FINANCIAL HOLD status, the student will not receive grades or academic credit for classes attended, recommendation letters will not be permitted to be sent on the students behalf, transcripts will not be sent to other academic institutions, and the student will not be permitted to graduate or enroll in additional classes.

A late payment fee may be added to any unpaid balance according to the following schedule:

  • Balance of $100 to $1,000 $25

    Monthly Fee

  • Balance of $1,000 to $5,000 $50

    Monthly Fee

  • Balance in excess of $5,000 $75

    Monthly Fee

Accounts with a past due balance of 120 days may be given over to a collection agency who shall pursue all legal channels for collecting the monies owed; the student will also pay for all collection fees.

Payment Plan Options:

Students who wish to pay all or any portion of their balance on an installment basis may take advantage of a payment plan. Payment plans must be established directly through the Pillar College Student Accounts office. All payment plans must be approved by Pillar College.

Please note: if a student misses payments on a payment plan, the student is expected to satisfy the entire balance with Pillar College immediately. Pillar College may, at their sole discretion and without reason, deny the student’s eligibility to participate in a payment plan option.

Withdrawal of Course(s):

Refund Schedule: Students who withdraw from or drop courses are eligible for refunds of tuition according to the following schedule:

Fall/Spring Terms
Week 1 – 100% Week 2 – 80% Week 3 – 50% Week 4 – 0%

BLEND
Week 1 – 100% Week 2 – 80% Week 3 – 50% Week 4 – 0%

Pre-LEAD Term
Week 1 – 100% Week 2 – 80% Week 3 – 0%

Any LEAD Term
Week 1 – 100% Week 2 – 80% Week 3 – 50% Week 4 – 0%

Note: No tuition refunds will be issued under the LEAD program after the third week of a semester, even if classes enrolled for have not yet begun.

Enrollment in any LEAD term financially obligates the student for the entire four class semester. Unlike a Traditional program, the courses in a LEAD program semester are taken one after another in a series. A student enrolls in the entire four class semester, not only the first class of the semester.

Withdrawing from or dropping classes may result in a change to a student’s Financial Aid status. Certain Federal or State grants and loans, as well as Pillar College scholarships and grants, are based upon how many credits a student is taking at any one time. If withdrawing from or dropping a class changes the student’s status from full-time to less-than-full-time, financial aid that had been credited to the student may be removed (and in most cases refunded to the government).

This may result in the student owing a balance to Pillar College for charges that previously appeared to be covered by the financial aid.

If a student drops within the 100% drop period and tuition costs are reversed, the student will still be held responsible to pay for the Semester Fee of $350.

When a student receives financial aid that is for more than Pillar College is charging, in most cases the law requires Pillar College to forward those excess funds to the student in the form of a payment called a stipend. (Exceptions include VA and NJ-TAG funding, as examples.) However, if a student withdraws from classes and falls below full-time status, any money that had already been sent to the student as a stipend might have to be repaid to Pillar College immediately. This is not a Pillar College policy; this is required by the Federal Government and other granting agencies.

Important Notice: Every student should be very careful about withdrawing from or dropping classes without first considering the financial implications.

Student Financial Aid Rights

A Pillar College student has the right:

Student Financial Aid Responsibilities

(Any student who fails to maintain these responsibilities may forfeit eligibility for Financial Aid from any source, at Pillar College’s sole discretion.)

A Pillar College student has the responsibility:

The IRS requires that students who receive grants and scholarships that are in excess of tuition, books and fees must report excess as income on their Federal Income Tax returns as well as on the FAFSA (Worksheet C).

Stipend Checks

If your Financial Aid, including your Student Loan(s), exceeds your charges for the term, you will be issued the difference in the form of a stipend check. It generally takes two to three weeks after the date Pillar College receives the funds for stipend checks to be issued. Stipend checks are sent to the student through U.S. mail.

Standards of Academic Progress

To receive Financial Aid, students must maintain a cumulative grade point average of a 2.0 © or better.

Probation and Suspension from Financial Aid

All students receiving Financial Aid at Pillar College are required to meet qualifying standards. Students are placed on probation from the Financial Aid program if qualifying standards of the Financial Aid program are not met.

Suspension of Financial Aid will occur if standards are not met by the end of the probation period. Aid will also be suspended for the semester if credit hours attempted fall below the credit hour criteria.

Appeal Policy

If you have extenuating circumstances impacting your financial condition, or a situation you were unable to document when completing the FAFSA form, and if you believe the EFC calculated for you is too high or too low, please request a Financial Aid Professional Judgment form from the Financial Aid Office. Under certain limited circumstances the Financial Aid Office can submit an appeal on your behalf to adjust the EFC, and possibly alter the amount of financial aid for which you are eligible.

Company Reimbursement and Deferment Guidelines

Even when waiting for company reimbursement for tuition and fees, students must make arrangements to pay the balance on their account. Refer to the student account policies in the Payment of Student Account information of this catalog. Completing the FAFSA and taking out loans will aid students in paying for tuition, fees and other costs. Students may also establish a payment plan by contacting the Pillar College Student Accounts office.

There is no provision under which Pillar College can wait for a student to be reimbursed by their employer in order to pay the tuition and charges.

Special Note of Caution: Scholarship Scams

Don’t fall prey to fraud.  Be careful when searching for information on student financial aid. Make sure information and offers are legitimate. The College Scholarship Fraud Prevention Act enhances protection against fraud in student financial assistance.

For free information on how to avoid Scholarship Scams call 1-877-382-4357 or visit The Federal Trade Commissions (FTC) website www.ftc.gov/scholarshipscams

Financial Aid

Location
60 Park Place, Suite 701
Newark, NJ 07102

Contact
Phone:
1-800-234-9305, Press 5
973-242-3282
[email protected]

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Non-Discriminatory Policy to Students

Pillar College admits qualifying students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin, sex, disability or age in the administration of its educational policies, admissions policies, scholarship and loan programs, and other school-administered programs.