Financial Policy Section
Payment Due Dates: Payment and/or voucher for each course is due two weeks prior to the course start date regardless of payment option chosen. Payment schedules for your Cohort will be distributed at the beginning of your program. Any additional courses (Drop-ins) scheduled will be due four weeks prior to the course start date.
Credit Cards/Debit Cards Accepted: Visa, MasterCard, Discover and American Express are accepted and can be used by calling the Accounting Office at 616-222-1506 or by logging onto your student portal to make a payment. Cornerstone University is not responsible for any fees incurred through the use of a debit card or any other restrictive card.
Changing Financial Plans: You may change your financial plan while attending Cornerstone University. Please contact the PGS Accounting Office and complete new financial paperwork. All changes must be approved by the Accounting Office prior to the change becoming effective.
Fees: A late fee of $30, unless limited by state law, will be assessed 24 hours after the due date of an unpaid charge.
All returned checks (NSF) will be assessed a $20 processing fee. This fee will be in addition to any late fees that may be charged.
Any accounts turned over to an outside collection agency will be charged the collection and/or attorney fees. The collection fee is at least an additional 33.33% of the principal balance. Collection balances will also be reported to credit bureaus.
Grade/Transcript Release: Grades are released for paid courses only. No transcripts (official or unofficial) will be released to students with a balance due on their student account.
Refund Policy: All fees (application ee, registration fees, assessment fees, late fees, NSF fees or student service fees) are non-refundable, unless prohibited by law. A tuition refund may be given for those who qualify. For a complete description of the refund policy, see the Cornerstone University student handbook.
Withdrawal: If you wish to withdraw from Cornerstone University, you must complete an official withdrawal form. Upon receipt of the official withdrawal form, the Financial Aid Office will review your financial aid awards and return any funds as required. The Accounting Office will audit your account and process any refunds that may be due or collect any outstanding balances.
NOTE: Withdrawal from a course(s) may reduce or cancel your financial aid award. Please consult with the financial aid office before withdrawing.
The University reserves the right to change the tuition rates and fees at any time.