Payment Options

2013-2014 Academic Year

The comprehensive fee for 2013-2014 is $49,960. This includes $40,700 tuition, $4,340 room, and $4,920 board. Families may choose from a variety of payment options to pay the amount due.

Option 1- Single Payment Plan

A single payment of $49,260 by August 23, 2013, in addition to the $300 prepayment ($600 prepayment for first year students), will yield a $400 discount from the $49,960 comprehensive fee. The discount is not available to students receiving need-based financial aid. The discount is pro-rated for merit scholarship recipients and for students who receive non-need-based loans.

If you wish to pay in a single payment, please notify in early July by emailing tuition@stolaf.edu with the subject heading “Single Payment”.  Within your email please include the applicable student name and number.  By the end of July, you will receive a confirmation letter that details the exact amount due for the year, including any aid and discount.

Option 2- Two Semester Payment Plan

You will be e-billed in late July for the fall semester, and in late December for the spring semester. The fall semester payment is due August 23, 2013. The spring semester payment is due January 17, 2014. If payments are late, a finance charge of 0.5% per month will be assessed on the unpaid balance.

You can now Pay Online using ACH or Credit Card (Visa, MasterCard, American Express, or Discover).

Option 3- Monthly or Quarterly Payment Plan

Should you wish to pay monthly or quarterly, you will need to set up an account with Tuition Management Systems (TMS). TMS plans allow you to pay your balance due in either ten or four equal payments. The annual enrollment fee payable to TMS is $65 for the year or $47 for one semester. TMS payment plans for the 2013-14 academic years commence on July 15, 2013 and for no additional fee, can be set to automatically deduct from a checking account. However, should you wish to pay via credit card, TMS will accept Visa, MasterCard, Discover, or American Express. Please be aware that TMS will charge you a convenience fee of approximately 2.99% of the transaction if you choose to pay via credit card.  For those who join the monthly plan after July, catch-up payments will be required. To enroll in one of these payment plans, please see the brochure online or contact TMS directly at the following: Tuition Management Systems – www.afford.com/stolaf  or 888-713-7234.

The Student Accounts Office cannot make any payment plans or payment arrangements for outstanding balances. If a monthly payment plan will be best for you, please enroll with Tuition Management Systems.