FINANCIAL POLICIES

The University is committed to doing everything possible to help eligible students meet their financial needs. Major responsibility for securing the necessary financial resources rests with the student. The school will make every effort to assist the student by helping students find employment, loans, and scholarships.

In some cases, assistance can be expected and should be sought from the home church, support of family and friends, summer savings, and work-study funds. The University does not currently participate in state or federal financial assistance programs. Financial assistance may come in the form of Financing Plans, private scholarships, or the Achievement Scholarship.

 A student enrolled in an unaccredited school is not eligible for federal financial aid programs. Item No. 22C

LIMITATIONS ON COST

The University makes every effort to avoid or to hold costs to a necessary minimum. Normally, tuition and fee changes are announced at least one full term before becoming effective. However, the University reserves the right to change tuition and fees when necessary.

FINANCIAL AID PROGRAM

Golden State University does not participate in any state or Federal Financial Aid Program. This Institution does not provide any private loans.

If the student obtains a loan, the student will have to repay full amount of the loan plus interest, less the amount of any refund, and that, if the student receives a federal student financial aid funds, the student is entitled to a refund of the money not paid from federal financial aid funds.

If a student obtains a federal loan, but the student defaults on that loan, both the following may occur:

  • The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan.
  • The student may not be eligible for any other government financial assistance at another institution until the loan is repaid.

(3) The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan.

(4) The student may not be eligible for any other government financial assistance at another institution until the loan is repaid.

FINANCIAL SUSPENSION

A student may be suspended from the University for failure to pay tuition and fees as agreed to in the Enrollment Agreement.

WITHDRAWAL (W)

The student has the right to cancel, withdraw, and refund policies, including an explanation that 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.

Students may withdraw from courses by Wednesday of the second week of the quarter without affecting their GPA. Thereafter, students are required to obtain a permit from the Academic Dean to withdraw. Withdrawal from enrolled classes after the first two weeks with the proper withdrawal procedure  will result in a “W” grade recorded in the official transcript. No withdrawals are permitted during the final three weeks of instruction except in cases such as accident or serious illness.

The notice of cancellation and withdrawal is effective when delivered, postmarked, or e-mailed. The University will pay any refund due under the terms of the policy within 30 days of the written cancellation and withdrawal. The student is responsible for paying any amount due to the University as a result of an underpayment.

A grade of “F” will be automatically entered in the grade report if the student does not attend the final three weeks of class without being excused. Withdrawal grades are not included in the GPA. Refund of Tuition, if any, will be made in accordance with the Refund of Tuition and Fees regulation.