FINANCIAL INFORMATION Word of Life Bible Institute’s Hungary teaching site bases tuition charges upon a 9-month school year consisting of two academic semesters. Room and Board covers the 32 weeks of on-campus studies and participation. Tuition, room and board is to be paid at the beginning of each semester. There is a 3,000 HUF late fee for every week a student is late paying his or her school bill. Individuals are expected to speak with the Financial Office if they have trouble paying on time, in which case, extra time allowances may be made.
Payments can be made in cash, by bank transfer or credit card. All prices are subject to change without notice. Please visit www.wolbi.hu for updated costs. Note that prices are listed, billed, and payable in Hungarian Forints.
2024–2025 SCHOOL YEAR COST Note: All fees listed are billed and payable in Hungarian Forints.
Tuition
1,920,000 HUF 2,880,000 HUF 4,800,000 HUF
Room & Board
Total
Additional Charges Textbooks/Year (estimate)
46,000 HUF Residence Permits for non-EU residents approx. $200 USD
Please visit www.wolbi.hu/finances for updated costs.
FINANCIAL AID
DISCOUNTS • Household income-based discount: Some of our discounts are based on household income. In order to receive these discounts, during the application process you will provide verification of income for your household. Based on the household’s monthly net income per person, applicants may apply for discounts ranging from 35-50% of their total cost. Further information can be found at www.wolbi.hu/finances . • Second-Year Discount: Students who finished first year at Word of Life Bible Institute Hungary and are applying for second year, automatically qualify for 20% off the students' tuition price. Students who transfer into WOLHBI’s second-year program from another institution are not eligible for this discount. • Internship Discount: Those 2nd year students who will undertake a 1-year internship with Word of Life Hungary after their studies will receive a 35% discount. Acceptance into the internship program is not automatic and the student needs to be approved before starting their second year in September. If the one-year internship is not completed, the discount must be refunded to Word of Life Hungary. • Sibling Discount: Siblings attending together, in first or second year, will each receive a 15% discount. • Ministry Discount: Those applicants who are in full-time Christian ministry, or their parents are, and have no other source of income, are given a 20% discount. • WOL Discount: Current full-time staff and immediate family members of Word of Life will receive a 75% discount. • Recruiter Discount: WOL Hungary Bible Institute students who recruit new, future students will receive a refund of 40,000 HUF from their tuition fee for each recruited student, less any social scholarship. To be eligible, a short application form needs to be filled out AND the recruited students must start their studies in the current academic year in September. • Married Students Discount: If a married couple applies as students, the second person is given a further 50% from the discount that was based on their net income per person. In case of different tuition fees, we give this discount to the person paying the higher price for our school.
TEACHING SITE ADDENDUMS
47
Made with FlippingBook - Online Brochure Maker