Financial Information
For students needing financial aid to pursue their education, the Financial Aid Office at CMI is available to help identify sources of financial assistance. While the primary responsibility for financing your education lies with you and your family, students are encouraged to apply for a Pell Grant and other local government scholarships to cover tuition, fees, and other educational costs.
Financial aid is awarded primarily on the basis of verifiable need. Need is determined by calculating the cost of attendance (including personal expenses while at school) and the contribution by parents, spouse, and/or student towards his or her education. More information is available through the CMI Financial Aid Office; financial aid arrangements need to be made at least three months before registration.
The College reserves the right to withhold grades, transcripts, records, diplomas, and to deny registration until all College charges have been paid and the student’s account is cleared. Registration is not officially completed until all financial arrangements have been approved.
Payments
For registration to be official, all tuition and fees must be paid. Students who are eligible for Pell Grants and have received a valid Institutional Student Informational Record (ISIR) may charge their tuition and fees (except for registration fees) against their Pell Grants up to the amount of their awards. Any tuition, fee and other school charges in excess of the Pell grant should be paid in cash during registration.
Textbooks for use in college courses are included in the Textbook fee. Students pay for the service of having college texts available to them at the beginning of each semester.
Tuition and Fees
Tuition and fees are approved by the Board of Regents. The College reserves the right to change the fee schedule and tuition rates for a given term without prior notice. Tuition and fees listed here are for the 2008-2009 academic year.
| Tuition Fee: Resident Student (Fall/Spring) |
|
| Full-time (12 - 18 credits) |
$1,750.00 |
For each additioanal credit over 18
(special academic permissions required) |
$130.00/credit |
| Part-time (1 - 11 credits) |
$130.00 |
| Summer |
$130.00 |
| Tuition Fee: International Student (Fall/Spring) |
|
| Full-time (12 - 18 credits) |
$1,860.00 |
For each additioanal credit over 18
(special academic permissions required) |
$200.00/credit |
| Part-time (1 - 11 credits) |
$200.00 |
| Summer |
$200.00 |
| Tuition Fee: Audit Student |
|
| Audit (non-refundable) |
$75.00/credit |
| Credit by Examination (non-refundable) |
$30.00/credit |
| Residence Hall Student |
|
| Room Cost: |
|
| Fall/Spring Semester |
$370.00/credit |
| Summer |
$175.00/credit |
| Residence Hall Deposit (refundable) |
$40.00/credit |
| Fees |
|
| Registration (non-refundable) |
$30.00 |
| Technology Fee |
$75.00 |
| Health Fee |
|
| Full-time Student |
$25.00 |
| Part-time Student |
$10.00 |
| Student Activity Fee |
|
| Full-time Student |
$35.00 |
| Part-time Student |
$15.00 |
| Laboratory Fee (per class with laboratory) |
$50.00 |
| ID Card Fee |
$5.00 |
| Textbook Fee - students receive ALL required books for courses enrolled under the TextBook Fee at the following rates: |
|
| Full-time (12 - 18 credits) |
$260.00 |
| 3/4 time (9 - 11 credits) |
$195.00 |
| 1/2 time (6 - 8 credits) |
$130.00 |
| 1/4 time (3 - 5 credits) |
$65.00 |
| Additional Fees (as applicable) |
|
| Application for Admission & Re-admission (non-refundable) |
$10.00 |
| Late regisration penalty (non-refundable) |
$10.00 |
| Transcript (First copy free) |
$2.00 |
| Matriculation Fee (one-time charge for new students) |
$100.00 |
| Student’s Insurance Fee (per year) |
$15.00 |
Refund Policy
All requests for withdrawals must be made on an official add/drop form and submitted to the Registrar’s office for approval before refund requests are granted. Students will not receive refunds for tuition and fees until their grant-in-aid accounts have first been reimbursed.
Refundable fees include: tuition, health fee, activities fee, Residence Halls fee, laboratory fee, and computer fee. Non-refundable fees include: admission, registration, auditing, graduation, late registration, and credit by examination.
College refunds will be made in full when changes by the College in published schedules precipitate a complete withdrawal by the student. Partial refunds equal to the difference in fees will be made to students changing from one status to another as a result of changes in the published schedule of classes by the College. The College will not assess penalty charges when CMI, not the student, is in error.
| Refunds: |
Fall/Spring |
Summer |
| Before the beginning of class |
100% |
100% |
| Before the close of the 4th day form the start of classes |
75% |
50% |
| Before the close of the 14th day from the start of classes |
50% |
25% |
| Before the close if the 21st day from the start of classes |
25% |
0% |
| Thereafter |
0% |
0% |
Requests for refunds should be made in writing to the Business Office within fifteen (15) days after such fees become refundable. The College assumes no liability for such refunds after fifteen (15) days have passed without a written request for a refund. The College endeavors to make all refunds within two (2) weeks of the receipt of a written request.
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