Financial Information
Tuition and Fees
All fees listed here are subject to change and are non-refundable.
Payment Options
Minimum down payment of 40% of total cost for all tuition and fees, with balance to be paid in three monthly installments of 20% each starting with the month following the beginning of the term. Bi-monthly deferred plans are available in exceptional cases. Payment plans are available only for courses spanning five weeks or more. Short-term courses, two days to four weeks length must be paid in full upon registration.
$25 deferred payment fee will be assessed against each account if the student chooses to pay on a deferred payment plan. A late charge of $50 will be charged for each installment not paid when due. A fee of $20.00 will be charged for returned checks.
All deferred payment plans require the completion of an agreement between Kernel University and the student. If the student is listed as a dependent on an income tax report, a cosigner is required on the agreement. No student is allowed to register for a semester term if a debt is owed from previous semesters/terms.
Refund Policy
The student has the right to a full refund of all tuition and other refundable charges if he/she cancels this agreement at the first class session, or the seventh day after enrollment, whichever is later.
In addition, the student may withdraw from a course after instruction has started and receive a pro rata refund for unused portion of the tuition and other refundable charges if the student has completed 60% or less of the period of attendance.
Refund Formula :
Tuition Refund = Semester Tuition Paid x (Number of Weeks of Instruction Remaining in Semester/Total Number of Weeks in Semester)
Example: ($4,000 Tuition Paid; Student Dropped at End of 4th Week; 15 Weeks per semester)
Tuition Refund = [$4,000.00] ⅹ (11 weeks / 15 weeks) = $2,934.00
Procedures to Cancel Enrollment Agreement or Withdraw from Institution
Students must complete and submit a signed and dated Withdrawal Notice Form to the registrar.
Verbal, email, or telephone cancellations or withdrawals will not be accepted.
The refund formula above shall be based on the date the school’s office receives the completed Withdrawal Notice Form.
No refunds may be disbursed to the student until the Financial Aid Program has been repaid, if applicable.
The school is obligated to repay the following funds:
Title IV Sources
Unsubsidized Federal Direct Stafford Loans
Subsidized Federal Direct Stafford Loans
Scholarships
