Financial Information
TUITION PER SEMEMSTER
Tuition for students enrolled in the ACU Degree or Certificate programs is based on the number of semester credit units the student enrolls for during that semester. For On-Campus programs there is a charge of $350, for online Classes $300 and $250 for Distance Education classes, per semester-credit hour with minimum 6 semester credit requirement for part time students. Students who pay for the full program of study at the beginning of their program will receive special price consideration (Scholarship – Corporate Rate) prices. Books and materials average $150 per course.
FINANCIAL ASSISTANCE
ACU does not participate in Title IV federal or state financial aid programs. ACU does offer various student financial assistance and loans to makes it financially feasible for many students to pursue the career education of their choice. Please inform your admissions representative if you are interested in financial assistance program. You can meet with a financial assistance representative on the day of your initial visit to the University from 08:00 a.m. to 04:30 p.m. on a regular workday. The financial assistance representative will discuss financial assistance options with you and will help you complete the required financial assistance forms. Your financial assistance eligibility can be determined after these financial assistance forms are completed. To ensure continued eligibility for financial assistance, satisfactory progress must be maintained in the chosen program of study. Please refer to the Academic Department section for the policy on satisfactory progress.
STUDENT LOANS
American Century University works with banks and other financial institutions to assist qualified students in obtaining financial assistance to pay for their school expenses while they are enrolled in the university. A student loan may be obtained from a commercial lender such as a bank or credit union. Repayment on the loan depends on the loan provider and depends on the student qualifications and credit status. If a student obtains a loan to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund, and that, if the student has received any financial assistance funds, the student is entitled to a refund of the moneys not paid from the financial assistance program funds.
GRANTS
During each school year, American Century University awards various school grants to qualified students depending on their eligibility and needs. A total of $250,000 in Grant funds is available each year to assist students in their tuition payment for their program of choice at the college. Students must apply for Grants and Loans prior to enrollment and provide proof of eligibility to American Century University to be considered. The eligibility requirements are as follows:
The candidates must meet one of the following:
- Be from a low income or below poverty level income family
- Been laid off or Un-employed longer than 6 months
- Be a Veteran of US Armed forces
- Be considered eligible or be receiving EDD unemployment benefits
- Be participating in TRA, TAA, WIA, NOVA, JTPA, EDD or other unemployment benefit programs
- Be considered for special circumstances. Must check with the school finance office to consider eligibility
The grants are distributed in pro-rated increments per semester for up to six (6) semesters.
SCHOLARSHIPS
During each school year, American Century University awards various scholarships to qualified high school seniors and qualified students. A total of $200,000 in scholarship funds is available each year. The High School Scholarship Committee of American Century University will make selection of the recipients. The eligibility requirements are as
follows:
- Submit an essay describing your career choice, and why you would like to pursue it at American Century University
- Complete all American Century University enrollment requirements.
- Maintain a full-time status in a course of study or other qualifying program.
- Maintain a 2.5 GPA while attending American Century University
The scholarship is distributed in pro-rated increments per semester for up to six (6) semesters.
INSTALLMENT PLAN
With this plan, students must make payment arrangement of their tuition charges for the session on or before
registration day. At that time, they must provide a completed and signed payment plan agreement. The remaining tuition payment is expected no later than Thursday of week four of the session. Any unpaid balance is subject to finance charges (see Finance Charges); any late payments are subject to late-payment fees (see Late-Payment Fee). Students who apply for financial Assistance may have their payments delayed once their loans have been originated; however, this does not preclude finance charges or late fees from being assessed to their account.
TUITION REIMBURSEMENT
A substantial number of students receive tuition reimbursement from their employers. For those students whose employers finance their education, a direct billing arrangement between the employer and AC University may be possible. Students should contact their supervisor or employee benefits office to determine if tuition imbursement or direct billing is available. Tuition reimbursement does not eliminate students’ responsibility to pay tuition by the due date. Students whose tuition payment is submitted after the due date may be assessed a late-payment fee. Finance charges accrue on any unpaid balance. Students who have been assessed multiple late fees may be prohibited from participating in certain payment plan options.
CREDIT FOR MILITARY TRAINING AND COURSE WORK
American Century University offers transfer credit for education and training received while serving in the U.S. Armed Services. Transfer credit will be granted in accordance with the American Council on Education. It is the student’s responsibility to see the Registrar at American Century University, for details on the transfer credit policy and to provide the Registrar with the necessary documentation (DD-214, DD-295, AARTS Transcript, or SMART) to substantiate satisfactory completion of the course being considered for credit.
VA STUDENTS WITHDRAWAL CALCULATION
This school has and maintains a policy for the refund of the unused portion of tuition, fees and other charges in the event the veteran or eligible person fails to enter the course or withdraws or is discontinued there from at any time prior to completion and provides that the amount charged to the veteran or eligible person for tuition, fees and other charges for a portion of the course does not exceed the approximate pro rata of the total charges for tuition, fees and other charges that the length of the completed portion of the course should bear to its total length.
EMPLOYER BILLING
Students whose employers pay for their education regardless of grades received may choose to have their tuition paid via employer billing. To take advantage of this option, students must submit official documentation (voucher or letter of sponsorship on official letterhead) at the time of registration. If a voucher is not available at the time of registration, students must select another payment method. Employer billing does not eliminate students’ responsibility to ensure tuition is paid by the due date. Students whose tuition payment is submitted after the due date may be assessed a late payment fee (see Late-Payment Fee). Finance charges accrue on any unpaid balance.