Document No. ADM-1025
Revision No. 2505 on May 1, 2025
1. Purpose
This policy outlines the payment methods, terms, and financial
considerations for students at Richmindale College.
2. Scope
This policy applies to all students of Richmindale College
3. Policy
Payment Methods
Richmindale College accepts online payments using any of the
major credit cards, bank deposits, cash, checks, or money
orders. To pay online, or for more details about payments, visit
the Richmindale College website on Services > Payment, or copy
and paste the link
www.richmindale.com/payment
in a web browser.
For more information, contact us through our website, or copy
and paste the link
www.richmindale.com/contact.
Terms of Payment
Richmindale College offers an installment plan to schedule fees
per semester in monthly payments. The number of days used in the
terms of payment is based on the Gregorian calendar.
Note that student applicants pay a one-time admission fee upon
admission application. If applicants apply for credit transfer,
they also pay the credit transfer evaluation fee, in addition to
the admission fee, upon admission application. These fees are
not part of the terms of payment. The terms of payment apply to
the course fees per semester. See the Tuition and Fees section
for more details about the fees; and Payment Methods section for
more details about the payment options.
The total course fee per semester is calculated as the sum of
the total number of credits enrolled for the semester multiplied
by the fee per credit that is defined in the student’s
enrollment agreement. The total course fee per semester is
divided into 3 payments. The first payment is due by the end of
the month when classes start. The second payment is due by the
end of the month after the first payment. The third payment is
due by the end of the month after the second payment.
For example, on July 1, Richmond applied for admission and got
accepted on the same day. On August 1, he enrolled in five
3-credit classes, a total of 15 credits for the Fall semester.
The classes for the Fall semester are scheduled to start on
September 8. The total amount of tuition and miscellaneous fees
for the 15 credit units enrolled for the semester is $1,650. The
total cost including the admission fee is $1,750 as shown in the
table below.
Description | Qty | Units | Total Units | Unit Fee | Line Total |
---|---|---|---|---|---|
Admission Fee, one-time | 1 | - | 1 | $100 | $100 |
Tuition | 5 | 3 | 15 | $100 | $1,500 |
Miscellaneous Fee | 5 | 3 | 15 | $10 | $150 |
Total Fee for the Semester | $1,750 |
The first payment is due by the end of the month when classes
start. The second payment is due by the end of the month after
the first payment. The third payment is due by the end of the
month after the second payment.
The payment schedule for the above semester fee example is as
follows:
Payment Term per Semester | Amount | Due Date per Semester |
---|---|---|
Admission Fee, one-time | $100 | Jul 1: Admission application. |
Payment 1 of 3 | $550 | Sep 30: End of the month when classes start. |
Payment 2 of 3 | $550 | Oct 31: End of the month after Payment 1. |
Payment 3 of 3 | $550 | Nov 30: End of the month after Payment 2. |
Total Fee for the Semester | $1,750 |
Accounts Receivables and Collection
Richmindale College sends invoices to students via email at
least 15 days prior to payment due dates to remind students of
their payments. Richmindale College tracks receivables from
students aging 30, 60 and over 90 days, and sends follow-up
emails to students who have outstanding balances every end of
the month.
Richmindale College reserves the right to deny admission or
enrollment of students, not allow students to attend classes, or
withhold student transcripts and records due to outstanding
balances.
Richmindale College accepts cash, bank transfers or online
credit card payments.
To pay online, or for more details about payments, visit the
Richmindale College website on Services > Payment, or copy and
paste the link
www.richmindale.com/payment
in a web browser.
Financial Assistance
Richmindale College does not offer financial assistance. The
school is not eligible for participation in the Federal Student
Aid (FSA) programs and cannot process a request or assist with a
deferment of a Title IV school loan.
Loans
Richmindale College does not provide any type of loan to
students.
Scholarships
Richmindale College does not award any scholarships.
4. References
None