Tuition and Payment Guide 2010-2011
Office of Student Financial Services www.emmanuel.edu
2010-2011 Financial Aid Award Guide
Contents Communication from the Office of Student Financial Services 2010-2011 Tuition and Fees Payment Dates Payment Options Educational Tax Benefits Financial Aid and Your Bill Student Employment Student Health Insurance Meal Plans Fenway Card On-Campus Parking MBTA Passes Institutional Refund/Withdrawal Policy Delinquent Accounts Refund Process Important Dates
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2010-2011 Tuition and Payment Guide
Communication from the Office of Student Financial Services All communication from the Office of Student Financial Services (OSFS) is addressed to you, the student. To provide you up-to-date information and be environmentally-friendly, most communication is sent to your Emmanuel e-mail address or through the Emmanuel Portal, the College’s internal online communication system. Students also have the ability to check their financial aid and billing information and make payments through Online Academic Resources (OAR) via the Emmanuel Portal by visiting portal.emmanuel.edu using their student login. We encourage you to check this information regularly. It is your responsibility to complete the financial aid process and ensure that your account balance is paid in full. If your parents are assisting you with the financial aid or billing process, please share with them the information you receive from the OSFS.
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Office of Student Financial Services
2010-2011 Tuition and Fees Fall Charges
Spring Charges
Total Charges
Tuition
$15,300
$15,300
$30,600
Student Activity Fee
$
83
$
82
$
165
125
$
0
$
125
Orientation Fee
$
Room and Board (double room)
$ 6,150
$ 6,150
$12,300
Total
$21,658
$21,532
$43,190
Health Insurance
$ 1,157
$
0
$ 1,157
Total with Insurance
$22,815
$21,532
$44,347
For a complete listing of fees, please refer to the Finances section of the College Catalog.
Payment Dates You will receive a tuition bill in early July for the fall semester and in mid-November for the spring semester. The fall semester balance is due on August 4, 2010; the spring semester balance is due on December 17, 2010.
2010-2011 Tuition and Payment Guide
Payment Options When mailing or wiring a payment, please be sure to include the student’s name and Emmanuel College ID number or Social Security number.
Personal Check Checks should be made payable to Emmanuel College and may be mailed to: Emmanuel College Student Financial Services 400 The Fenway Boston, MA 02115 A fee of $25 in addition to any late payment fees will be charged for any dishonored check. Foreign check collection fees will be charged when applicable.
Credit Card Credit card payments can be made online through Online Academic Resources via the Emmanuel Portal at portal.emmanuel.edu. A convenience fee may be charged.
Wire Transfer Please send wire transfers to:
TD Bank 15 Broad Street Boston, MA 02109 Account Name: Emmanuel College Account #: 8246095017 ABA #: 211370545
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Monthly Interest-Free Payment Plan Tuition Management Systems (TMS) offers families the opportunity to spread payments for the year over a 10-month period. There is an administrative fee of $65 to enroll in this plan. For the 2010-2011 academic year, the payment plan begins in July and concludes in November for the fall semester, and begins in December and concludes in April for the spring semester. Payments are due on the 15th of each month. To receive more information or to enroll, please contact TMS at 1-800-722-4867 or visit their web site at www.afford.com/emmanuel.
Private Student Loan If the student will be the primary borrower, we recommend the student first apply for financial aid and borrow with federal student loans. If additional financing is needed, you may want to consider one of the loans below. These loans require a co-signer (and offer a co-signer release after a series of consecutive on-time payments) and the option of deferring payments during enrollment. A summary of loan information is below. For more information or to apply, please visit: www.afford.com/emmanuel. Â MEFA Student Alternative Loan Interest Rate
8.29% Fixed
Fees
4%
Repayment Period
15 years
Co-signer release
48 on-time payments
For more information or to apply, please visit www.mefa.org or call 1-800-449-MEFA (6332).
Chase Select Loan Interest Rate
Variable Rate (3 month LIBOR plus 3.90% - 8.50%)
Fees
None
Repayment Period
25 years
Co-signer release
36 on-time payments
For more information or to apply, please visit www.chasestudentloans.com or call 1-866-306-0868.
2010-2011 Tuition and Payment Guide
Citibank CitiAssist Loan Interest Rate
Variable Rate (3 month LIBOR plus 4.75% - 11.50%)
Fees
0 or 3%
Repayment Period
15 years
Co-signer release
24 on-time payments
For more information or to apply, please visit www.studentloan.com or call 1-800-STUDENT (788-3368).
Citizens TruFit Loan Interest Rate
Variable Rate (1 month LIBOR plus 3% - 13%)
Fees
None
Repayment Period
15 years
Co-signer release
36 on-time payments
For more information or to apply, please visit www.citizensbank.com or call 1-800-708-6684.
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Parent Loan If the student’s parent will be the primary borrower, you may want to consider one of the loans below. Both of these loan programs offer fixed interest rates and the option to defer the loan while the student is enrolled at least half-time. A summary of loan information is below. For more detailed information, or to apply, please visit: www.afford.com/emmanuel. Federal Parent Loan for Undergraduate Students (PLUS) Loan Interest Rate
7.9%
Fees
2.5% *
Repayment Period
10 - 25 years
For more information or to apply, please go to “Tuition & Aid” at www.emmanuel.edu and click on “Forms & Publications” to download the application. You can also e-mail us at financialservices@emmanuel.edu. * Contingent upon making 12 on-time payments; otherwise fee is 4%. Please Note: If the parent is denied the PLUS Loan, the student may be eligible to borrow additional Unsubsidized Stafford Loan funds. The PLUS Loan is based on credit; income is not considered. Massachusetts Educational Financing Authority (MEFA) Undergraduate Loan Interest Rate
7.89% **
Fees
4%
Repayment Period
15 years
For more information or to apply, please visit www.mefa.org or call 1-800-449-MEFA (6332). **Interest rate is based on immediate repayment option Please Note: We encourage all borrowers to do their own research and select the lender that is best for them. This information is accurate at the time of printing; please contact the lender directly at the time of application to verify loan rates and terms. Loans take several weeks to process and will not be reflected on the student’s account until approval has been received from the lender.
2010-2011 Tuition and Payment Guide
Educational Tax Benefits Although educational tax credits cannot be used to pay your tuition costs, they can help offset the cost of education. There are a variety of tax incentives for families who are saving for, or already paying, higher education costs or are repaying student loans. We encourage you to research these tax credits when filing your 2010 taxes. For more information, please visit www.irs.gov.
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Financial Aid and Your Bill Most forms of financial aid are usable toward your charges and will appear as a credit on your bill. Please note the following:
Estimated Financial Award Letters Estimated financial aid offers are not usable toward the bill; only awards that are verified can be applied to your charges. If you have received an estimated financial aid award letter and there is no financial aid appearing on your bill, please check Online Academic Resources via the Emmanuel Portal to view missing information or contact the OSFS.
Federal Work Study Federal Work Study is an offer to seek employment and is not subtracted from your bill. You will be paid for hours worked. Please refer to the Student Employment section on page 11 for more information.
Student Loan Requirements If you wish to borrow with a student loan that was included as part of your Financial Aid Award Letter, the loan promissory note and student loan entrance interview are required before the loan may be used as a credit on your account. For further instructions on how to complete these requirements, please visit www.emmanuel.edu and click on “Tuition & Aid.” From here, you will select “Scholarships & Financial Aid” and then click on the loan you will be borrowing under the “Loans & Student Employment” section.
Private Scholarships If you are receiving a private scholarship and wish to use this as a credit on your account, please submit a copy of the scholarship award notification to the OSFS via fax, mail or e-mail. If you are sending the notification in with your tuition bill, you may subtract the amount of the scholarship from the amount of your balance. If the scholarship agency is sending the payment directly to you, please make sure you forward the payment to the OSFS and clearly notate the name of the scholarship with the payment. Please know that complying with private scholarship requirements is your responsibility; please make sure you understand the requirements for the receipt of your scholarship funds. If you notify the OSFS of the receipt of a scholarship and we do not receive the funds, you will be responsible for any resulting balance.
2010-2011 Tuition and Payment Guide
Student Employment Emmanuel College strives to assist students with educational costs by offering part-time employment opportunities. All on-campus student employment positions are open to those students who are eligible to work in the United States and have a valid Social Security number. In addition to the job opportunities on campus, Emmanuel College has a small number of partnerships with off-campus organizations that provide employment opportunities to students. Students must have a Federal Work Study Award as part of their financial aid award to be considered for these positions. Students may search for available job positions for both on- and offcampus employment on Emmanuel College Career Connect (EC3), which may be accessed by visiting portal.emmanuel.edu. After creating a login, list “Emmanuel College” as the employer to view available positions. Students apply for jobs directly with the supervisor listed on the job posting. Because jobs are limited, students who are interested in working on campus should contact supervisors as soon as possible upon arriving on campus. To work on campus, students must complete employment paperwork including the I-9 Employment Authorization Form and the W-4 and M-4 tax withholding forms. If you are interested in working on campus, you should have the following paperwork with you when you arrive in September:
1. A voided check for checking accounts or a verification statement including a routing and account number for savings accounts. 2. Valid identification, such as a U.S. passport OR a driver’s license AND Social Security card.
The Office of Internships and Career Development also posts opportunities for students to locate off-campus jobs and internships. You may contact the Internships and Career Development Office by calling 617-735-9930 or by e-mail at careerdevelopment@emmanuel.edu.
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Student Health Insurance The Commonwealth of Massachusetts requires that all students enrolled at least ž time have health insurance. You are automatically billed the health insurance premium in the amount of $1,157 for the 2010-2011 academic year. Students who have their own health insurance coverage must submit a waiver form to waive the premium. Students who do not have coverage and require the College’s health insurance plan must complete an enrollment form. To waive or enroll in the College’s health insurance, students must complete the waiver or enrollment form by the fall bill due date of August 4, 2010 at www.universityhealthplans.com. Waiver and enrollment forms must be completed annually and are separate from the Health Entrance Report required by the Health Services Office.
2010-2011 Tuition and Payment Guide
Meal Plans We are proud to offer a number of great dining service options on campus. Our main dining facility, Marian Dining Hall, offers an all-youcan eat buffet dining style with a wide assortment of foods rotating on a daily basis. The Atrium Café and Muddy River Café offer express meals and are convenient for those looking to grab-and-go. Resident students begin each year with 15 meals per week and $95 in “Flex Dollars” per semester that can be used in the Atrium and Muddy River Café. Students have the option of changing this plan to 19 meals per week with $25 flex dollars by contacting Bon Appétit at 617-735-9952. The meal plan is included in the cost of room & board. Commuter students have the option of choosing one of two meal plans: five meals per week at $450 per semester or eight meals per week at $720 per semester. To purchase a commuter meal plan, please contact the OSFS at financialservices@emmanuel.edu or call 617-735-9938.
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Fenway Card The Fenway Card is your official identification at Emmanuel College. You should carry the card at all times while on campus. The Fenway Card will be used to access campus buildings including the library and residence halls and provides access to your meal plan, Flex Dollars and Fenway Cash.
Fenway Cash When you place money on your Fenway Card, you will be able to make cashless purchases at the bookstore, dining hall, vending machines, laundry machines, Colleges of the Fenway bookstores, off-campus locations and to purchase ID replacements. More information regarding the Fenway Card, including a list of off-campus vendors, may be found online at www.fenwaycard.com.
2010-2011 Tuition and Payment Guide
On-Campus Parking Parking at the College is extremely limited. Only commuter students without access to public transportation will be considered. To receive consideration for on-campus parking, please submit a parking application to the Vice President of Student Affairs Office. Applications are available in the Office of the Vice President of Student Affairs and must be completed each semester. Students who are approved for parking will be notified by the Office of the Vice President of Student Affairs and will be charged based on the rates below. Parking permits for approved applicants are available in the Security Office once your student account is paid in full. Student Status
Cost
Part-time student
$225 per semester
Full-time student
$375 per semester
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MBTA Passes Emmanuel College students receive an 11% discount for semester MBTA passes. Students receive unlimited rides from October 1st–January 31st with the fall semester pass and from February 1st–May 31st with the spring semester pass. Fee information is included on the MBTA Enrollment Form on our web site. Visit www.emmanuel.edu and click on “Tuition & Aid.” From here, you will select “Forms & Publications” on the left-hand side of the page. To enroll, please complete and return the enrollment form to the Office of Student Financial Services no later than September 6, 2010 for the fall semester and January 3, 2011 for the spring semester.
2010-2011 Tuition and Payment Guide
Institutional Refund/Withdrawal Policy After the start of classes, fees are not refundable and tuition, room and board are refunded based on the following policy: Withdrawal Date During Semester
% of Refundable Tuition, Room & Board Charges
Prior to start of class
100%
Week 1
75%
Week 2
50%
Week 3
25%
After Week 3
No Refund
Financial Aid When withdrawing from the College prior to the 10th week of the semester, federal financial aid eligibility is determined using the Return of Title IV funds calculation. Using this regulation, eligibility is calculated on a daily basis. For example, if a student is receiving $2,000 in federal financial aid for the fall semester and withdraws on the 15th day of a semester that is 100 days in length, the student is eligible to retain $300 of their federal financial aid (15/100 = .15 x $2,000 = $300). There is no correlation between the Tuition Refund Policy and the Return of Title IV regulation.
Withdrawal from a Course Course/schedule changes must be made during the add/drop period of the semester to receive a refund. You are liable for the cost of courses from which you withdraw after the add/drop period. After the add/drop period, the enrollment and housing status of all students is confirmed prior to the disbursement of financial assistance. Financial aid may be reduced if the student is enrolled in fewer courses than originally reported or has changed their residency status without notifying the Office of Student Financial Services. Please Note: To officially withdraw from the College, you must contact your Academic Advisor. Non-attendance does not constitute an official withdrawal.
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Delinquent Accounts The payment of tuition and fees is the responsibility of the student. A late fee of $100 may be charged to your account if you have not satisfied your financial responsibilities with the OSFS by the bill deadline. If payment is not received in a timely manner, your account will be referred to a collection agency and you will be responsible for the costs incurred with the collection effort. Once an account is referred to an outside agency, all inquiries and payments are made to the collection agency. If your account is delinquent, you will be unable to participate in course registration or room selection. In addition, the College will withhold your diploma and academic transcript if you have an outstanding balance.
Important: If payment is not received in a timely manner, your account will be referred to a collection agency and you will be responsible for the costs incurred with the collection effort.
2010-2011 Tuition and Payment Guide
Refund Process Students who have a credit on their account may request a refund by completing a Refund Request Form with the OSFS. This form may be found on our web site by visiting www.emmanuel.edu and clicking on “Tuition & Aid.” From here, you will select “Forms & Publications” from the drop-down list of choices. Because financial aid is disbursed after the add/drop period, most credit refund checks are not available until mid-October for the fall semester and late February for the spring semester. Students who have borrowed additional loan funds to pay for books or off-campus housing should be prepared to purchase books and pay rent for September and October in the fall semester and January and February in the spring semester.
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Important Dates No later than Fall Semester Due date for first intallment of 10-month plan
July 15, 2010
Fall Semester Bill Due Date
August 4, 2010
Deadline to submit Health Insurance Waiver or Enrollment Form
August 4, 2010
Deadline to submit Fall Semester MBTA Pass Application
September 6, 2010
Spring Semester Due date for first installment of 5-month payment plan
December 15, 2010
Spring Semester Bill Due Date
December 17, 2010
Deadline to submit Spring Semester MBTA Pass Application
January 3, 2011
Deadline to submit Health Insurance Waiver or Enrollment Form (only students not enrolled in Fall)
January 8, 2011
Contact Information The staff of the Office of Student Financial Services (OSFS) at Emmanuel College welcomes the opportunity to talk with students and parents about all aspects of financial aid, financing options and billing procedures. Our office is open from 8:30 a.m. to 6:00 p.m. Monday through Thursday and 8:30 a.m. to 4:30 p.m. on Friday. Telephone Number Fax Number E-mail Address
617-735-9938 617-735-9939 financialservices@emmanuel.edu Emmanuel College Office of Student Financial Services 400 The Fenway Boston, MA 02115
Emmanuel College, founded by the Sisters of Notre Dame de Namur in 1919, is a coed, residential, Catholic liberal arts and sciences college located in the heart of the city of Boston. Its beautiful 17-acre campus is neighbored by a world-class medical center, two major art museums and Fenway Park. Its unique location gives students the opportunity to explore real-world experiences through internships, research and strategic partnerships within the Longwood Medical and Academic Area and the city of Boston.
Emmanuel at-a-glance Undergraduate and graduate students: 2,500 Traditional undergraduates: Enrollment: 1,700 75% of students live in campus housing 80% have an internship 85% participate in community service Faculty-student ratio: 15:1 Students from 34 countries and 29 states 82 full-time faculty The College is a founding member of the Colleges of the Fenway consortium, comprised of six neighboring colleges that jointly offer 2,500 courses. Accredited by the New England Association of Schools and Colleges, Inc.
Office of Student Financial Services 400 The Fenway Boston, MA 02115 617-735-9938 617-735-9939 (fax) www.emmanuel.edu