Chatfield College is a nonprofit institution of higher education. The tuition and fees paid by the students cover only part of the costs of providing instruction. Funded projects and individual donations to the college help to meet the remaining portion of the costs. Chatfield strives to keep student costs as low as possible, while maintaining high academic standards. Tuition and fees for each academic year are established by the Board of Trustees. Tuition costs and fees are listed in each term's schedule of classes. Any changes in tuition and/or fee costs are ordinarily effective at the beginning of the fall semester.