Payment Options

2016-2017 Academic Year

The comprehensive fee for 2016-2017 is $54,260. This includes $44,180 tuition, $4,860 room, and $5,220 board. Families may choose from one of two payment options to pay the amount due.

Option 1- 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 26, 2016. The spring semester payment is due January 20, 2017. If payments are late, a finance charge of 0.5% per month will be assessed on the unpaid balance.

If you wish to pay using the semester payment plan no further action is necessary. This option is the default payment option for all students unless they set up a plan through TMS.

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

Option 2- 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 $70 for the year or $52 for one semester. TMS payment plans for the 2016-17 academic years commence on July 15, 2016 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 TMS brochure (coming soon) or contact TMS directly at the following: Tuition Management Systems – stolaf.afford.com  or 800-722-4867.

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.