Billing Process
The Student Accounts Office will send an Advance Billing Statement to you the last week of July. It will reflect disbursed financial aid from St. Olaf and any outside scholarships we have received to date. The fee statement will also include an anticipated aid section, which represents aid not yet disbursed. In order to determine how much money is owed for fall semester you will need to subtract the fall anticipated aid from the fall semester amount due. If you will not be accepting a loan showing in anticipated aid section of your fee statement, do not subtract the loan amount from your fall semester balance. Likewise, if you have an outside scholarship, which has been paid to you directly, do not subtract that amount from the fall semester amount due. In both cases, please contact the Financial Aid Office so that your fee statement can be corrected.
In mid-December, you will receive another fee statement outlining the balance due for spring semester. The fee statement will reflect disbursed and anticipated aid in the same manner as stated above.
Additionally, if there is an outstanding balance or if you incur any incidental charges (ex. library fines, tickets, student health fees, lost room keys), we will bill those periodically throughout the semester.
How to Make a Payment
Payments in the form of personal checks, cashier's checks or money orders can be mailed to the following address:
St. Olaf College
Business Office
1520 St. Olaf Avenue
Northfield, MN 55057
Cash will be accepted in person at the Business Office window. Checks should be made payable to St. Olaf College and should include the student's name and ID number. St. Olaf College does not accept credit cards for the payment of tuition, fees, room, board, or any other charges billed by Student Accounts.
Finance Charges
A monthly finance charge of 1% will be charged to accounts carried beyond the established due dates.
Financial Holds
Failure to settle your account balance by the established due dates will result in a financial 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.
Refund Policy
Tuition, room, board refund for anyone leaving within five weeks after the beginning date of any semester will be determined according to the following scale:
One week or less 90% refund
Two weeks or less 80% refund
Three weeks or less 60% refund
Four weeks or less 40% refund
Five weeks or less 20% refund
Over five weeks No Refund
Non-Sufficient Funds
Any checks that are returned by the bank either due to Non-sufficient funds or a closed account will result in a $15 charge placed on your student account.
