DEFERRED PAYMENT PLAN

The Deferred Payment Plan is an in-house, interest-free, student loan in the form of a “pay-as-you-go” program. It is available only to those students who are registering as diploma or degree seeking students, and it consists of the following payment schedule:

Amount due at the time of registration......................10%
Balance divided into 24 equal installments.

Tuition paid on the monthly payment plan must be paid by the 10th of each month. Your promptness in this matter is appreciated and helps keep the tuition cost down. No work will be graded or textbooks sent if tuition is not current.

Textbooks must be paid for when ordered. The cost of textbooks are listed separately and is in addition to the tuition. There is a $5.00 Shipping and Handling charge on each textbook. (in the USA - outside the USA $25.00 per book)

Remittance is to be paid by check or money order. Make checks payable to: International Bible College & Seminary. Checks returned are charged to our account, therefore are subject to a $35.00 Service charge Payments which are delinquent by more than ten days will be charged a late fee of $15.00. If tuition is not paid for a period of 60 days, the student will be suspended and a $75.00 re-enrollment fee must be paid to continue with your program. We are only able to keep tuition low and on a monthly basis by your faithful payments as agreed.

Any check that is returned for insufficient funds will be subject to a $20.00 service charge. A second occurrence will result in the student being required to pay by cash, or money order.