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Financial Aid

FINANCIAL AID

Jim DuggerDirector of Student Financial Services
Phyllis Nettles Torry
(901) 435-1555
Mailing Address
LeMoyne-Owen College
807 Walker Avenue
Memphis, TN 38126

Telephone/Email Contact
(901) 435-1575
admission@loc.edu
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LeMoyne-Owen College
807 Walker Ave
Memphis TN 38126
Main Telephone: (901) 435-1000
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Home » Financial Aid Home » Tuition and Fees

BASIC CHARGES FOR 2012-13
Tuition and Fees

Most LeMoyne-Owen students pay tuition costs with Federal, State and LeMoyne-Owen College assistance programs. Ninety-seven percent of LeMoyne-Owen students receive financial aid. Fees and charges may change periodically, therefore the listing of any fee or charge in this publication does not constitute a contract between the College and the student. Students must pay the fees in effect at the time they register.

Tuition*                                                        Semester                    Year

Full-time (12-17 credit hours)                       $5,230                         $10,460
(Per semester credit hour)                           $436
ADCP Fee                                                      $75

(Per semester credit hour)**                         Part-time (less than 12 credit hours)
Overload (More than 17 credit hours)               
Audit Fee (Per Course)***                              $436
Student Activity Fee                                     $100                             $200
Student Health Care Fee (not for ADCP        $10                                 $20
students)

Dormitories                                                   $1271                          $2542

Meals                                                              $1155                         $2310

*The tuition fee includes science and computer laboratory fees.
**This rate also applies to summer academic terms and to courses offered outside the regular semester schedule.
***Registration to audit a particular course may be denied because of class size.
****A room reservation fee of $100 is required to hold a room. This payment is applied to the room bill. In addition, a security deposit of $100 is required. Other room charges are: key deposit $15, key replacement $50.


PAYMENT OF FEES
All fees are payable at the time of registration by cash, cashier's check, money order, or with MasterCard or Visa credit cards. However, by signing a promissory note, a student must pay 50% of the total due at registration and the remainder in equal parts according to this schedule:

____ Fall semester: 25% by October 25, 25% by November 15
____ Spring semester: 25% by February 14, 25% by March 14
____ Summer term I: 50% by first day of class
____ Summer term II: 50% by first day of class

Students with current semester charge of $500 or less at time of validation process may register in current semester with a signed promissary note to pay current semester charges by the end of the current semester.

Return of Title IV (Financial Aid)
Funds/ Institutional Refund Policy

Federal regulations require each educational institution to have a written policy for the refund and repayment of aid received by students who withdraw from all classes during a term for which aid has been approved. These policies are effective only if the student completely terminates enrollment (e.g., voluntarily withdraws from all courses or is dismissed from all classes.)


Definitions

The term “Title IV funds” refers to the Federal Financial Aid programs authorized under the Higher Education Act of 1965 (as amended) and includes the following programs:

  • Federal Pell Grant Program
  • Federal Supplemental Educational Opportunity Grant (SEOG)
  • Federal Subsidized/Unsubsidized Federal Direct Loan
  • Federal Plus Direct Loan


The calculation of the return of Title IV funds (and state funds if applicable) is determined by the date that the student withdrew from all classes. A student’s withdrawal date is determined by:

  • The date the student officially notifies the institution of his/her intent to withdraw; or,
  • The student’s last day of recorded class attendance or at an academically-related activity; or
  • The midpoint of the enrollment period for students who leave without notifying the institution (an unofficial withdrawal).


Earned Federal Aid

Federal law requires that, when you withdraw from all your classes during the enrollment period, the amount of financial aid assistance that you have “earned” up to that point is determined by a specific formula.


The enrollment period for a program measured in credit hours is one semester. The amount of financial aid that you have earned is determined on a pro-rata basis. That is, if you withdraw after completing 40 percent of the enrollment period, you have earned 40 percent of the amount of federal aid for which you were entitled. The school takes all or a portion of your earned federal financial aid (except Federal Work-Study earnings if applicable) to pay any outstanding charges that remain on your school account.


Once you have completed more than 60 percent of the enrollment period, you earn all of your financial aid assistance for which you were entitled.


Return of Funds Allocation

In accordance with Federal regulations, financial aid funds are returned in the following order if applicable:

  1. Unsubsidized Federal Direct Loan
  2. Subsidized Federal Direct Loan
  3. Federal Pell Grant
  4. Federal SEOG
  5. Other Title IV programs
  6. Other state, private and institution aid
  7. The student

Institutional and Student Responsibilities
Responsibilities in regard to the return of Title IV/state funds include:

  • Provide each student with the information given in this policy
  • Identify students who are affected by this policy and complete the Return of Title IV and/or state funds calculation in accordance with federal and state regulations
  • Return any Title IV funds and state funds to the appropriate program(s)
  • The student’s responsibilities in regard to the return of Title IV/state funds include possible repayment of federal funds
  • Return to the Title IV programs any funds that were disbursed directly to the student and which the student was determined not to have earned in accordance with federal and state regulations.


REFUNDS
Full-time students, whose course load falls below 12 credit hours because courses are cancelled by the College, or because they formally drop courses before the end of the drop period, become part-time students. Students who become part-time may lose support from certain financial aid programs. If the College cancels the course, the student will be refunded the appropriate portion of his/her tuition.

If a student has attended classes through the last day to validate which is typically the 10th class day of the semester, the full semester's tuition is due and payable to the College regardless of the class drop date or date of withdrawal unless the student withdraws due to protracted illness or injury.

If the illness or injury prevents the completion of the semester's academic work, as certified by a physician, a pro-rata refund will be issued on the following basis:

Official Withdrawal Date Percentage of Tuition Refunded Because of illness or injury

By end of first week of class 100%
By end of second week of class 75%
By end of third week of class 50%
By end of fourth week of class 25%
After fourth week of class 0%

A semester's activity fee cannot be refunded in whole or part. There are no pro-rata refunds of a semester's room and board fees.

Federal Title IV funds will be returned to the federal agency based on the federal pro-rata refund calculation. After the Census Date (last day to validate), which is typically the 10th class day of the semester, the full semester's tuition is due.

OTHER FEES AND CHARGES

Admissions application fee - effective spring semester 2001 $ 25.00
Drop/add fee (per course) $ 10.00
Late registration fee* $ 75.00
Academic transcript fee** $ 5.00
Degree replacement fee $ 25.00
ID replacement fee $ 10.00
Returned check fee $ 25.00
Parking fee $ 20.00
Graduation fee (graduating seniors only-caps/gowns and related expenses) $125.00
Late graduation fee*** $ 25.00
Education majors, special fees
PPST test processing fee $ 60.00
Student teaching fee - per semester
(for students in EDUC 409, 415 and 426) $100.00

*Students who do not complete registration in the formal registration period will be charged this fee for late registration.
**There is no fee for the first two transcripts requested. Each additional transcript is $5.00.
***Graduating seniors who pay their graduation fee after December 19, will be charged this late fee.