Payment & Refund Policies

Making Payment

All payments may be made electronically at MyMaranatha or by mailing a check payable to MBU to: Maranatha, Cashier, 745 West Main Street, Watertown WI 53094.

Downpayment Dates and Policies

Fulltime students (taking 8 or more hours) must make a down payment on or before the semester registration (Fall semester: August 15; Spring semester: January 5).

Payment Plans – Full-time Students

  • Plan 1–Payment in Full: Students pay the semester bill by the down payment due dates.
  • Plan 2–Semester Plan: Students pay $1,800 if on-campus or $750 if living off-campus by the down payment due dates. The balance of the semester will be divided into three monthly payments due on the 15th of each month. This plan has a $55 extended payment fee.

Payment Plan – Part-time Students and Online-only Students

Part-time and online-only students, including those taking modules, online classes, and virtual classes must pay the course costs before the class begins.

 Payment Plan Policies Financial Information

  • Final payment of the semester is due in full by November 15 for the fall semester and April 15 for the spring semester regardless of the payment plan.
  • A one percent per month (12 percent per annum) late payment charge will be assessed on any unpaid balance remaining after the end of each semester.
  • Anyone entering the Seminary late must conform to the regular schedule of payments unless arrangements are made with the Seminary Office.
  • Accounts must be paid in full before transcripts or diplomas are issued. A candidate for graduation must have no outstanding balance owed to the Seminary in order to participate in the commencement exercises.

Refund Policy for Semester-based Classes

In the case of a student in a traditional or virtual class withdrawing from a class or the Seminary either voluntarily or by dismissal (except for military service), the following applies:

  • During the first seven (7) weeks after Drop/Add week, the Tuition and Comprehensive Fee will be prorated  at a rate of 12.5% per week, according to the withdrawal date.
  • Room and board will be prorated on a weekly basis from the beginning of the semester.
  • After the first seven (7) weeks of a semester, the student will be responsible for the entire semester’s tuition and fee charges.
  • Veterans under Public Law 89-358 will be refunded on a daily prorated basis.

Refund Policy for Online Classes

In the case of a student withdrawing from an online class either voluntarily or by dismissal (except for military service), the following applies:

  • The student will owe the complete Comprehensive Fee.
  • During the first three (3) weeks of a class, the Tuition will be refunded as follows, according to the withdrawal date:
    • before the start of the 1st day of class:  100% refund
    • during the first week, days 1 – 7:  75% refund
    • during the second week, days 8 – 14: 50% refund
    • during the third week, days 15-21: 25% refund
  • After the third week of a class, the student will be responsible for the entire class’s tuition charges.
  • Veterans under Public Law 89-358 will be refunded on a daily prorated basis.

Refund Policy for Module Classes

In the case of a student withdrawing from a Module class either voluntarily or by dismissal (except for military service) or changing from Credit to Audit, the following applies:

  • The student will owe the complete Comprehensive Fee.
  • The Tuition will be prorated as follows, according to the withdrawal date:
    • after class begins and before the final day:   50% refund
    • on or after the last day of class: no refund
    • Veterans under Public Law 89-358 will be refunded on a daily prorated basis.

Request an Account Balance Refund

If you have a credit balance on your account, you may request a refund of that credit by e-mailing the Business Office Manager or contacting the Business Office at 920.206.2316.