Billing Process

Statements will be posted to a student’s SIS account the beginning of July for fall semester and December for spring semester.  Students (and parent, if given access) will receive an email when the statement is available.

Statements will be issued each month throughout the semester but an email will only be sent if there is a balance.

Initial statements will include charges and anticipated financial aid.  Please review carefully to make sure the aid that appears on the statement is reflective of what you anticipate will be received by St. Olaf College, this includes loans and outside scholarships.  Please email financial aid if there should be a correction to your aid.

Finance Charges

A monthly finance charge of 0.5% will be assessed on unpaid balances carried beyond the established due dates.

Financial Holds

Failure to settle your account balance by the established due dates will result in a comprehensive fee hold being placed on your student account. Students with a financial hold are unable to register for courses, receive transcripts, or receive their diplomas. A financial hold will be removed once a student’s account has been paid in full.

Payment Types

St. Olaf College accepts the following forms of payment:

Cash1

Students and guest payers may make cash payments in-person at the Business Office.  Cash should never be mailed.

Check

Students and guest payers may pay their term fees via check either in-person at the Business Office, through mail, or online using e-check/ACH. Please make sure to include the students name and ID on a paper check.

Payments can be mailed to:

St. Olaf College
Business Office
1520 St. Olaf Avenue
Northfield, MN 55057

Credit Card/Debit Card

Students and guest payers may make student account payments online with a Visa, MasterCard, Discover, or American Express credit card.  St. Olaf College does not accept credit card or debit card payments in-person, over the phone, or through the mail.  Debit and Credit cards will only be accepted online.

Our online service provider charges a fee that will be assessed at the time a payment is made.  St. Olaf College will not receive any part of the service fee and will not be profiting from it.  There is no fee to pay online using e-check/ACH.

Domestic and International Wires

St. Olaf College accepts Domestic and International Wires.  St. Olaf has partnered with Flywire to process tuition payments for our international students.  A $30 fee is charged and should be added to your wire amount. Please indicate the student’s name and ID number on the transfer. Contact the Business Office for wiring instructions.

 

Returned Payment

Any checks or ACH bank transfers that are returned by the bank for any reason, will result in a $30 charge placed on your student account.

 

For more information regarding the online payments please visit our Tips for paying ACH or Credit Card
For more information regarding international payments please visit the International Student Wires website for more information.

 

If payment(s) is made in the form of cash, cashier’s check, or money orders, the College is required to report this information to the IRS if payments are $10,000 or greater over the course of a calendar year.