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Financial Information


Yellowstone Baptist College is affiliated with the Montana Southern Baptist Convention. YBC receives no federal aid.

Costs of an education at YBC are maintained as low as sound business practices permit and are among the lowest to be found in private senior colleges. The actual cost, considerably more than the student pays, is underwritten by gifts from individual donors, churches, and other organizations.

The Vice President of Business Affairs is given the responsibility of establishing and enforcing all regulations which relate to the collection of student accounts due the College. YBC reserves the right to change fees and charges should conditions make it necessary.




Tuition and Fees (2010-11 school year)

Application Fee (one-time non-refundable)

YBC courses per semester hour
OBU courses per semester hour
OBU online service fee per course

Registration Fee--OBU (each semester; if applicable)
Audit Fee, per course (no course credit earned)*
Student Administration Fee ($10 per class, $50 maximum)
Technology Fee
Events Fee

Independent Study Fee - per class
Private Music Lessons ($15 per lesson; 14 lessons)
Graduation Fee:
       YBC degree
       OBU degree
Transcript Fee (per transcript)
Deferred Payment Fee (at time of registration)
Late fee for each missed due date
Dishonored Check Fee
Withdrawal Fee (course or college)
Late Registration Fee

Room and Board (per semester) (2010-11 school year)
Room and Board
Double occupancy rooms requested for

Single occupancy (based on availability)
Room and Board Pro-Rated for Commuting Students***

Reservation Fee, non-refundable after occupancy
Guests in residence halls (per night, per person)

$30.00
179.00

50.00
175.00

25.00
50.00
50.00
50.00
50.00

100.00
210.00

50.00
75.00
5.00
20.00
20.00
20.00
5.00
25.00


1,500.00
**
60.00

TBD

50.00
12.00

* Home school auditors requesting a grade for the class being audited must see the Business Office for fees.

** Room rent may be paid in installments. Full time single students from outside the Billings area and local students not living at home who are 24 years of age and younger are required to live in a YBC residence hall during their first year as a student on the YBC campus.

*** Students taking six or more hours and living outside the Billings area may apply for partial room and board fees.



CAFETERIA AND MEALS
The YBC cafeteria is in the basement of Steinkuehler Hall. Meals are served three times a day, Monday through Friday when classes are in session. For students living in the residence halls the meal plan is included in room and board. Other students may purchase meal tickets in the Business Office at the posted prices.

OTHER EXPENSES
In addition to the tuition, fees, room and board charges, students should plan for personal expenses to cover textbooks, supplies, and/or special fees as shown in the schedule.

PAYMENT OF TUITION AND FEES
Tuition, fees, books, and room and board (if applicable) become the liability and obligation of the student. All charges for fees and books must be paid at the time of registration. It is preferred that tuition costs be paid at the time of registration. If, for some reason, all tuition cannot be paid at registration, arrangements to pay by installments must be made with the Vice President of Business Affairs. Students will be informed as to the installment due dates for tuition payments at the time of registration. If you are expecting a third party to pay part or all of your bill, it is your responsibility to see that the person, church or other entity pays according to the timeline given. A late fee of $20.00 for each missed due date will be incurred if tuition payments are not paid according to the payment schedule outlined by the Business Office. Failure to make payments of indebtedness to the College is considered sufficient cause until debt is settled to: (1) prohibit future enrollment and (2) withhold grades and transcript of records. Students will not be permitted to take final exams unless all financial obligations have been met. Make-up final exams will not be scheduled. This will result in an automatic grade of zero (0) on the final.

REFUND SCHEDULE
If a student finds it necessary to withdraw from a class or completely from the College, tuition is credited or refunded per the following schedule. All fees are non-refundable.  Calculations are based upon the date the student notifies the Vice President of Academic Affairs in writing.  A student's outstanding balance will be credited as follows:

           A. Within the first week of classes - 90%.
           B. Within the second week of classes - 80%.
           C. Within the third week of classes - 60%.
           D. Within the fourth week of classes - 40%.
           E. Within the fifth week of classes - 20%.

After the fifth week following the first class there is no financial credit.  If a student has no outstanding account balance at the time of withdrawal, a refund will be issued in accordance with the above schedule.  Outstanding debts are charged interest by the Business Office at the rate of 1 ¼% per month on all unpaid balances.

Room and Board charges may be refunded upon written request to the Business Office.  An immediate refund will not be made, but upon request, a check in the amount of the refund will be mailed to the address left by the student withdrawing from the College.  A refund is prorated on the opening and closing dates of the residence hall in that semester, the condition of the room, and the return of room keys.



FINANCIAL AID

Only full-time students (12 hours or more) will be considered for financial aid; financial aid is for tuition only

Scholarships can apply to both YBC and OBU classes.  Students who are on academic and/or disciplinary probation do not qualify for financial aid. A high GPA alone does not entitle a student to financial aid.  The amount of financial aid awarded is at the discretion of the Financial Aid Committee and is restricted by monies available.

There are three categories of financial aid. Scholarships are awarded on academic merit and require a minimum GPA of 3.0 for the previous semester. Returning YBC students must return a financial application form by the announced due date with recommendations from their instructors. Qualifying transfer students and recent high school graduates may request a financial aid application from the Director of Admissions after they have been accepted in good standing. (See instructions on the application form). A limited number of workstudies are available; students may earn up to $540 toward tuition per semester by working a total of 80 hours ($6.75 per hour). Application for a workstudy is made on the financial aid form. Two full-tuition grants (for 12 credit hours), through the Raymond Cutright Scholarship Fund are awarded to students who meet these criteria: 1) male ministerial student intending to serve in the Northern Plains/Pacific Northwest regions; 2) student has earned at least 45 credits toward his degree; 3) student has a solid and consistent academic record; 4) student has demonstrated commitment to service in his church, as well as to YBC, and will continue to do so.

$300 Presidential Grant for New Students

In addition to the above designated financial aid, a new student may be eligible to receive a Presidential Grant in the amount of $300 for each of his/her first two semesters at YBC.  This grant is awarded at the discretion of the President on the basis of a student’s character and church involvement.  After submitting an application for admission to YBC, new students may request an application for a Presidential Grant, the purpose of which is to introduce students to the educational opportunities at YBC.  The hope is that many of the students who are awarded this grant will stay for the remainder of their degree program.

For a student to be eligible to receive a Presidential Grant, s/he must:

1.   Be accepted without condition as a student at YBC.
2.   Enroll as a full-time student (12 or more credit hours).
3.   Maintain a minimum 2.5 GPA for each semester.
4.   Work one hour a week at an assigned job on campus.

A student who is receiving financial aid may receive an incomplete for a class, but that incomplete must be satisfied within the time frame allotted or the student will be required to reimburse the school for financial aid received.  No student will be eligible for financial aid if s/he is on academic or disciplinary probation.  If a student drops below 12 credits, does not remove an incomplete within the time limit, is placed on academic and/or disciplinary

probation, or is asked to leave for any reason, the financial aid award becomes void and the student must reimburse Yellowstone Baptist College.  Students who withdraw from school in good standing will be credited any financial aid awarded on a prorated basis.

VETERAN BENEFITS
Both YBC and OBU classes are approved for Veterans Administration educational benefits and the GI Bill benefits. Students interested in VA or GI Bill benefits should verify their eligibility with the Veterans Administration and then contact the Business Office for information.

SOCIAL REHABILITATION SERVICES
Contact the Business Office for information on courses approved by the Social Rehabilitation Services for students retraining with handicap benefits.

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Yellowstone Baptist College holds applicant status with the Association for Biblical Higher Education,
5575 S. Semoran Blvd., Ste. 26, Orlando, FL 32822-1781.; 407.207.0808. Applicant status is a pre-membership status granted to those institutions that meet the ABHE Conditions of Eligibility and that possess such qualities as may provide a basis for achieving candidate status within four years.