LCU: Student Financial Policies

The university offers the following resources for payment of accounts.

In the Student Portal (my.lcu.edu) students can:
- View account summary–24/7 real time updates for student accounts and financial assistance
- Make a payment or evaluate available payment options–make a one-time payment using E-Check or Credit/Debit Cards, or enroll in a payment plan. Credit or Debit card payments include a service fee.
- Share account access–students may share access using "Invite User" feature in the "My Profile" tab.
Checks, money orders, cashier checks and cash are accepted in the Student Business Office and by mail at: Student Business Office, 5601 19th St, Lubbock, TX 79407.
International payments are accepted from www.pay.flywire.com.
Students should apply for financial assistance before the payment due date. Students can expedite receipt of sitpends by completing a direct deposit form, which is accessible on the student portal.

Other services provided by the Student Business Office include the following.

Printing account–students may add money to their campus printing account.
Meal plans–students may purchase meal plans in the student portal under “Residential Life.”

Note: Students must authorize Student Business Office personnel to discuss student accounts with other individuals, including parents by filling out a FERPA form, Family Educational Rights and Privacy Act, located on the student portal.

Payment of Account

Undergraduate student account balances must be settled by paying in full, covered entirely with Financial Aid or a payment plan in place on or before August 17th for the fall and January 5th for the spring. Graduate student account balances for Fall C1 and C2 sessions must be settled on or before August 17th and C3 sessions by October 11th, and balances for Spring C1 and C2 sessions must be paid on or before January 5th and C3 sessions by March 1st. Payment for summer courses must be made by the first day of class. Accounts not complying with the above policy will be denied on campus move in, receive a late fee and/or have classes removed. The university does not release student academic records if educational costs are not paid. Students will not be allowed to register for classes if there is a hold on the account. Late fees will not be assessed to students current on a payment plan.

Tuition and room and board refunds are computed on a declining scale based on when students withdraw from the university or drop a course. Fees are not refundable. Request for withdrawals or drops must be made by completing a withdrawal or drop form which is available from the registrar. Refunds of tuition and room and board will be made according to the following refund schedule. Students must pay drop/add fees when schedule changes occur.

Sixteen Week Terms

1st through 5th day of term–100%
6th through 10th day of term–80%
11th through 15th day of term–60%
16th through final day of term–0%

Eight Week Sessions

1st through 3rd day of session–100%
4th through 5th day of session–80%
6th through 8th day of session–60%
9th through final day of session–0%

Less than Eight Week Sessions

1st day of session–100%
2nd day of session–80%
3rd day of session–60%
4th through final day of session–0%

Tuition Refund Insurance

Tuition refund insurance is available through GradGuard to protect educational investments. The insurance refunds tuition, fees, and room and board charges up to the annual policy limit of $10,000, if the policy holder is unable to complete the semester due to a covered medical reason. Premium payments are due to GradGuard for students who select this insurance, prior to the first day of classes. For more information, visit GradGuard.

Cancellations

Cancellations occur when registration is cancelled prior to the first day of the term. Requests for cancellations must be communicated to the registrar. Pre-booked travel/trip expenses are not refundable for cancellations.

Tuition and Fees

Tuition and Fee grids are available from the LCU.edu website to assist students in estimating the cost of attendances based on enrolled semester credit hours. LCU reserves the right, without notice in this or any other publication, to change, amend, add to, or otherwise alter any or all fees, dues, or rates subject to authorization by the LCU Board, the Executive Leadership Team or Collaborative Dean and Chief Financial Officer approval.