Payment Options
The overall cost of attending MidAmerica Nazarene University is less than most other private colleges and universities. The Vice President for Finance seeks the cooperation of students and parents in working out the necessary financial arrangements for paying off and keeping current their student accounts. Tuition, residential charges, and fees are the major sources of income for the University.
While many students pay the full amount of college costs at the time of registration each fall and spring, two payment plans are available if a student cannot pay all costs at registration.
Even Payment Plan:
This twelve-month payment plan begins on June 1 prior to registration. Payments are determined by subtracting all financial aid from the estimated costs. This figure divided by 12 is the monthly payment. There is no monthly interest charge but an annual fee of $35.00. A late fee of $20 is charged for any payments received after the 10th of each month. Applications for the Even Payment Plan are provided in the Cashier’s Office.
Even Payment Plan (PDF 53.31 KB Help )
Installment Plan:
The student pays at least 1/3 of all expenses before or at registration after subtracting all financial aid for the term. On this semester plan, a Promissory Note must be signed with the Cashier’s Office for the balance of the charges with two remaining payments due on the following dates:
Fall Semester: September 15 and October 15
Spring Semester: February 15 and March 15
- A service charge of 1 1/4% per month (15% APR) is added to the outstanding account balance each month.
- Students will not be allowed to complete enrollment without 1/3 down or a minimum of $750 paid (whichever is less) and students will have their enrollment cancelled if they have not paid 1/3 down of their “out-of-pocket” expenses by the fourth week of the semester (which means financial aid must be completed by that time).
- If payments are not kept current according to the Installment Note agreement, any or all of the following steps may be taken until satisfactory arrangements are approved by the
Vice President for Finance:
- The student will not be permitted to continue in college;
- The student will not be permitted to enroll for the following semester.
Related Policies
Other policies are also in effect:
- Students owing the University at the end of a semester will not be permitted to enroll for another semester without making satisfactory financial arrangements with the Bursar.
- Transcripts will not be released until all accounts have been paid in full and Perkins loan payments are current. When clearing a past due student account to receive a transcript, payment must be made by cashier’s check, credit card or personal money order if immediate clearance is needed. If payment is made by personal check, a waiting period of 15 days is necessary for the check to clear the bank.
- Graduating students must have their accounts paid in full before participating in graduation exercises and receiving diplomas.
- All financial aid must be applied to the account balance before the student receives credit balances.
- Institutional scholarships must be applied to tuition, fees and residential charges. After these charges are paid, any excess amount will be returned to the scholarship fund. Cash refunds can only be created by outside funded scholarships or loans.
- Books and supplies cannot be charged on the student account.
Contact Information
MidAmerica Nazarene University
Cashier’s Office
2030 E College Way
Olathe, KS 66062
913-971-3504 Phone
913-971-3428 Phone
913-971-3418 Fax
