St. Olaf Payment Options
Student Accounting Office • 866-640-4702 • Financial Aid • 877-235-8386
Single Payment
A single payment of $42,700 received by August 21, 2009, in addition to the two $300 prepayments, will yield a $400 discount from the $43,700 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 us by July 1, 2009 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.
Two-Semester Payments
You will be billed in late July for the fall semester, and in December for the spring semester. The fall semester payment is due August 21, 2009. The spring semester payment is due January 22, 2010. If payments are late, a finance charge of 1% per month will be assessed on the unpaid balance. Monthly or Quarterly Payment Plan
Should you wish to pay monthly or quarterly, you will want 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 2009-10 academic years commence on July 15, 2009 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, Discover, or American Express. Please be aware that TMS will charge you a convenience fee of approximately 3% 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 enclosed brochure or contact TMS directly at the following: Tuition Management Systems – www.afford.com or 888-713-7234.
