St. Olaf Cost and Payment Options |
How Much Does St. Olaf Cost?2007 - 2008 School YearTuition: $30,600 Room and Board: $7,900 Subtotal: $38,500 Estimated Expenses: |
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WHAT ARE THE ST. OLAF PAYMENT OPTIONS?
St. Olaf allows you to choose from a variety of payment options to pay your bill. Some families use these payment plans to pay the entire comprehensive fee, while others use them to pay whatever balance remains after financial aid (grants, scholarships, student and parent loans, and student work) has been disbursed. The cost and benefit of each plan is described below.
There are four different payment options from which to choose at St. Olaf. No matter what payment option you choose, please notify St. Olaf of your payment option by completing the Payment Option Selection Form online on the Student Accounts webpage. There is also a Monthly and Quarterly Payment Options Worksheet available to assist you in determining your family's payments.
After St. Olaf receives your initial deposit of $600, you may sign up for a payment plan.
Monthly Payment Plan
This plan is offered through Tuition Management Systems (TMS). Enrollees pay ten equal payments
of the balance due (after financial aid). Monthly payments begin
June 15 and must be completed by March 15. For those who join the
monthly plan after June, multiple payments to catch up will be required.
Monthly statements will be sent upon receipt of your $80 enrollment fee to TMS.
To Enroll Contact:
Tuition Management Systems (TMS)
phone: (800) 722-4867
To sign up online, click TMS.
Monthly Payment Schedule
| June 15 - March 15 | Monthly Payment Due |
Quarterly Payment Plan
This plan is also offered through Tuition Management Systems (TMS). Enrollees pay four equal
payments of the balance due (after financial aid) . Quarterly payments
begin June 15 and continue September 15, December 15, and March
15. Quarterly statements will be sent upon receipt of your $80 enrollment fee to TMS.
To Enroll Contact:
Tuition Management Systems (TMS)
phone: (800) 722-4867
web: www.afford.com/stolaf
You can most easily determine the amount of your quarterly payments by using the Payment Options Worksheet. Please remember to notify St. Olaf of your payment option by completing the Payment Option Selection Form online on the Student Accounts webpage.
Quarterly Payment Schedule
| June 15, 2007 | Quarterly payment due |
| September 15, 2007 | Quarterly payment due |
| December 15, 2007 | Quarterly payment due |
| March 15, 2008 | Quarterly payment due |
Semester Payment Plan
This plan is offered through St. Olaf College. Under this plan,
payments are made in two installments. The First Semester payment
is due on August 17, 2007. The Second Semester payment is due on
January 18, 2008. If payments are not made on time, a finance charge
of 1% per month is assessed on the unpaid balance.
To Enroll:
If you select the Semester Payment option, notify St. Olaf by completing the Payment Option Selection Form online on the Student Accounts webpage. You will receive a bill in July or early August, so you may make your first semester payment by the August due date.
Semester Payment Schedule
| August 17, 2007 | Semester 1 payment |
| January 18, 2008 | Semester 2 payment |
Single Payment Plan
After the $600 deposit payment is received, a single payment of
$37,650 is due by August 17, 2007, yielding a $250 discount from
the $38,500 comprehensive fee. Need-based financial aid recipients
are not eligible to participate in this payment plan. The discount
is pro-rated for merit scholarship recipients and for students who
receive non-need-based loans.
To Enroll:
If you choose the Single Payment option, notify St. Olaf by completing the Payment Option Selection Form online on the Student Accounts webpage. A letter confirming your choice will be sent to you. You will receive a bill in late July or early August, so you may make your payment by the August due date.
Single Payment Schedule
| August 17, 2007 | $37,650 one time payment |