Payment of Student Accounts
Before the beginning of each term, the Business Office will send each student an estimated bill showing the total charges for the term and the financial aid expected to be credited to the student account for the term. The estimated bill will be mailed on July 20 for the fall term and on December 1 for the spring term. All charges for tuition, room and board are due approximately two weeks prior to the beginning of each term. Fall term balances are due August 14, 2013 and spring term balances are due January 2, 2014.
If an account is not paid in full by the due date, the College regards the account as delinquent unless satisfactory financial arrangements have been made with the Business Office. Students with accounts considered delinquent are not entitled to future registration, room, board or issuance of transcripts.
A monthly payment plan is available. For parents or students who wish to pay their account by credit card, please see a special announcement regarding Credit Card Acceptance Policies at Simpson College. In addition, students can access their account balance on line through StormFront and make secure payments using a credit card.
Finance charges are assessed at a daily rate of 0.05% (18% A.P.R.) on the unpaid balance not covered by the payment plan. Finance charges are calculated at the end of the month and added to the student’s account.
Books are sold at the Simpson College Bookstore in Brenton Student Center and may be purchased by cash, check or credit card (MasterCard, VISA, American Express or Discover). Full-time students should be prepared to pay approximately $900 each year for books.
Matriculation Fee and Deposit
Upon acceptance, all full-time students must pay $200 which covers the $100 matriculation fee and $100 enrollment deposit. This deposit is not refundable after May 1, 2013. The $100 enrollment deposit, however, may be refunded when enrollment terminates and all financial obligations to the College have been satisfied.
Federal regulations require credit balances created by Title IV funds to be refunded within 14 days. Students who want credit balances retained by Simpson College for the academic year must give written authorization to the Business Office.
All full-time residential students must have a board plan. Simpson College offers five board plans. The 150 Block Plan allows students to eat 150 meals in the dining hall plus $275 flex dollars per semester. The 200 Block Plan allows students to eat 150 meals in the dining hall plus $75 flex dollars per semester . The 100 Block Plan plus $250 flex dollars per semester, which is only available to commuter students and students who live in apartments and theme houses, allows students to eat 100 meals in the dining hall per semester. The 20-Meal board plan allows students to eat every meal available at the dining hall. Unused meals are lost at the end of every week, and the plan does not include flex dollars. The Greek 150 Block Plan allows students to eat 150 meals plus $275 flex dollars per semester. For the Greek meal plan, all live-in members are required to be on this meal plan if the house has chosen to participate.
Flex money left over at the end of the first semester will roll-over to the second semester. Unused blocks will not roll-over between semesters.
Students will be allowed to change their board plans during the first four weeks of the term. Board changes will be prorated to reflect the change. Flex dollars will also be prorated.
Tuition Pay Plan
Administered by Sallie Mae Phone: (800) 635-0120
The College offers a monthly payment plan for those who prefer to budget the annual cost of tuition, room, board and fees in monthly installments.
The TuitionPay Plan is administered by Sallie Mae and provides a way to pay educational expenses through manageable monthly installments. The TuitionPay Plan may be tailored to cover all or part of the financial obligations for the academic year. It is not a loan. Thus, there are no interest charges. The only cost is an annual non-refundable enrollment fee of $55 for the year. With the Plan, monthly installments can be automatically deducted from a designated checking account or charged to a credit card (a convenience fee will be charged for credit card payments.) This eliminates the worry of remembering to make payments each month and avoids the assessment of late fees. Of course, monthly installments can be billed directly. Prepayments may occur at any time without penalty.
Enrollment information and application is available here. Questions regarding the TuitionPay Plan may be directed to the Business Office.