2016 – 17 academic year
The comprehensive fee for 2015-2016 is $54,260. This includes $44,180 tuition, $4,860 room, and $5,220 board. Families may choose from a variety of 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.
You can now pay online either through the Student Info System (SIS) or through the Parent Access Portal using ACH or Credit Card (MasterCard, Visa, 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 $47 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 MasterCard, Visa, 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 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.