FINANCIAL INFORMATION

FINANCIAL INFORMATION

Philosophy of charging fees

The Seminary ensures that money does not hinder anyone who desires to be trained to be an effective tool in the hands of God. Fees charged are, therefore, heavily subsidised and comparatively lower.

Financial obligations of students

Students of the seminary are required to pay the following fees:

  • Application – the cost of buying application documents.
  • Examination – the cost of printing examination papers
  • Graduation – the cost of organizing graduation ceremony
  • Residential Halls– the cost of using accommodation facilities. These include electricity, water, beds, furniture, Television, Refrigerator, and sanitation.
  • Identification Card – the cost of making identification cards.
  • User fee (Library & Computer lab). – The cost of maintaining books at the library and also for the use of the seminary’s computers.
  • Maintenance    – for the maintenance of physical facilities, such as, classrooms, library, computer laboratory, and furniture in those facilities
  • Medical – a deposit for emergency medical attention. Students are advised to register with the National Health Insurance.
  • Registration – fee for being registered as a student
  • Sports and Recreation – for the purchase and maintenance of sporting facilities and the organization of recreational activities.
  • Tuition – the cost of receiving classroom teaching. Tuition will be charged on the basis of the status of the student. The various status of the students are: Ghanaian and International. Visiting students will also be charged in regard to their citizenship (Ghanaian or International). Tuition for each category of student varies.

FINANCIAL ASSISTANCE

Limited financial assistance is available for students. The assistance is, however, not granted across board. It is awarded to:

  1. Students who are wards of sponsoring churches or supporting organizations.
  2. Students who are hardworking and dedicated to the ministry but have difficulty in fulfilling some financial obligations.
  3. First year female students in the diploma programme.
  4. Students whose academic records are consistently excellent.
  5. Students with employable skills who may be asked to work for remuneration.

FINANCIAL POLICIES

  1. All fees should be paid on the day of Registration or during the first week of the semester.
  2. The modes of payment are – cheques, money orders, postal orders, cash, banker’s draft, or international wire.
  3. All payments are receiptable. Those who make payments must insist on a signed and stamped documentary receipt. The Accounts department cannot be held responsible for unreceipted payments.
  4. Persons and institutions who commit themselves to pay fees for their wards shall be held responsible should they falter. Legal actions shall be taken (to recover all arrears) against those who commit themselves to pay fees of their wards but falter, if all persuasion fails.
  5. Arranged payments could be made between the Seminary and sponsoring institutions only. Sponsoring institutions will however have to first establish their credit worthiness.
  6. Arranged payments would be made in writing. Verbal promises shall not be considered a valid method of arranged payments.
  7. Students and sponsoring institutions whose financial obligations are in arrears shall be reminded in writing for three consecutive months. Defaulting students shall be asked to discontinue their studies after the 90 days of reminders.
  8. All Final year students and institutions supporting them shall be expected to pay their arrears before or by the end of February. Those who fail to comply would be asked to discontinue their studies.
  9. Students whose medical bills exceed the deposit made shall be given 30 days to pay the difference or be asked to discontinue taking classes till the difference is paid.
  10. Students who do not have a medical Insurance Card would deposit an amount of money to be used in case of medical emergency.
  11. Medical fees not wholly used shall be refunded. All refunds shall, however, be made only after it had been requested officially 30 clear days before graduation. Students and sponsoring institutions forfeit their refunds if they do not notify the Accounts Department 30 clear days before graduation.
  12. Students who withdraw from classes as a result of circumstances beyond their control shall have some of their monies refunded. The percentage of refund will, however, be determined by the number of weeks the student spent at the Seminary before withdrawing. Continued absences from classes cannot be interpreted as withdrawal. Those who wish to withdraw should apply to the Vice Principal.
  13. Students who withdraw from classes as a result of frivolous excuses, loss of interest, and apparent inability to cope with the workload shall not receive any refund. Legal attempts shall be made to recover all financial arrears.
  14. Requests for a transfer of transcripts would attract a fee to be determined by the seminary.
  15. With the exceptions of Nos. 11 and 12, all payments are not refundable.
  16. Penalties would be paid for late registration and late examination.
  17. Financial assistance is granted to students who apply to the Scholarship Administrative Committee. All applicants shall be interviewed. The assistance is given on the recommendation of the Committee.
  18. Financial policies shall be reviewed periodically and be expected to be complied with 30 days after the review.

FINANCIAL OBLIGATIONS

Students who owe the Seminary any arrears in Fees and other financial obligations will either not be permitted to graduate or will be permitted to graduate without receiving any award. This applies to students who fail to return any book from the Library before graduation.