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 . • 20% Second-Year Discount: Students may continue their studies at WOLHBI for 20% less than the cost of the current year. Students who transfer into WOLHBI’s second-year program from another institution are not eligible for this discount. • 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. • Early Payment Discount: A further discount of 3% is given to those who pay the whole year’s tuition in one payment by the day of registration.
When Word of Life Hungary provides scholarships to help students who need financial help, the 10% Resident Assistant scholarship will be subtracted from the scholarship amount previously communicated.
The Hungarian teaching site does not offer US-based scholarships such as Cre8tive Discipleship, Camp Crew (STC), Student Fusion, SLU, Engage (Teens Involved), and Score. It is also important to note that the Hungarian teaching site is not part of Word of Life’s participation agreement with the U.S. Department of Education relating to Title IV funding and is, therefore, not eligible to receive federal funding such as the Pell Grant or Stafford Loan. PAYMENT SCHEDULE Fees for the Fall and Spring semesters are due and payable when the student registers for that semester. A 3% Early Payment Discount off the total price is given to those who pay the entire school bill at the beginning of the year. Students may use cash or bank transfer to pay their school fees. Each student is expected to have completed all arrangements necessary to meet any and all financial obligations by Registration. Grades are issued only to students whose accounts are paid in full. Certificates and final transcripts are not issued until all financial obligations have been met.
REFUNDS If a student withdraws or is dismissed from school, tuition refunds will be granted on the following basis:
Within the first week of the semester During the second week of the semester During the third week of the semester During the fourth week of the semester During the fifth week of the semester During the sixth week of the semester After the sixth week of the semester
100 %
85 % 70 % 55 % 40 % 25 %
No refund except room and board
Room and board refunds will be granted on the actual number of weeks remaining in the semester at the time of withdrawal or dismissal.
T E A C H I N G S I T E A D D E N D UMS
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