Student Accounts

Payment

The Student Accounts Office is responsible for the collection of tuition and fees not covered by Financial Aid. Invoices are mailed to the student's home address at the beginning of each term, session or module. Students are responsible for making payment arrangements with the Student Accounts Office before the first day of class. Payment plans are available for students and can be arranged by speaking with a Student Accounts Manager.

Students with account balances are sent monthly statements to their homes. Students are able to register for upcoming terms, sessions or modules only when their balances are paid off or satisfactory payment arrangements have been made with the (NEED TO FILL IN-CUT OFF ON WEB)

Payment Options
  • Payment in Full - Benedictine University at Springfield accepts the following methods of payment: Cash, Personal Checks, Money Orders, Visa, MasterCard, Discover
  • Adult Accelerated Programs Installment Plan - This installment plan allows the total balance to be split into two payments; the first payment is due on the first day of the session and the second payment is due on the Monday of the fifth week. A Payment Plan Form must be filed with the Student Accounts Office for each session. If financial aid will be paying a portion of the balance, arrangements to pay the remainder must be made in the same manner.
  • Employer Tuition Payment Plan - If the student's employer sponsors a tuition reimbursement program, the employer's portion of the payment is deferred for thirty days after the end of the academic period. The remaining balance must be paid in full or other payment arrangements made, before the start of the academic period. An Employer Tuition Payment Form and your employer's reimbursement policy must be filed with the Student Accounts Office at the beginning of each academic term, session or module.
  • International Students - Must remit full payment of tuition, fees and housing before an I-20 will be certified.

A new payment plan form must be filled out prior to each session, term or module. Failure to make payment arrangements before the second week of the term, session or module will result in a $100 late fee.

Delinquency and Default

Students who become delinquent on payments may be withdrawn from all courses during the academic period. In addition, students who owe a debt to the University will not be allowed to register for additional courses, participate in graduation, receive grades, transcripts, diplomas or checks of credit for book returns. Debts that become past due will be assessed a $100 fee. Debts that become 30 days past due are in default and remitted to a collection agency.

In the event of default in any amount due, and if the account is placed in the hands of an agency or attorney for collection or legal action, the student agrees to pay an additional charge equal to the cost of collection including agency and attorney fees and court costs.

If a student is expelled or suspended from Benedictine University at Springfield; the student is still held financially liable for all debt owed to the university

Credit Balances

Credit balances that result from financial aid funds are processed after the student's attendance is confirmed, the financial aid funds are received and all institutional charges are satisfied. The Student Accounts Office will issue a check for the excess funds to the student. If the student receives a credit balance check and subsequently ceases class attendance, they will be subject to the Return of Title IV Funds Policy and must return and/or repay any unearned portions of financial aid that they received toward their educational expenses.

Withdrawal and Tuition Refunds

Students are financially responsible for all institutional charges and responsible for officially withdrawing by completing the appropriate forms and obtaining approvals. Failure to attend class DOES NOT constitute official withdrawal and neither removes the financial or academic responsibility nor qualifies students for refunds.

Official Withdrawal Procedure:

  • Students must notify the Director of Student Services or the Assistant Director/Advisor of Student Services in the Graduate and Professional Studies office in writing or in person.
  • Students must complete, sign and turn in a Student Add/Drop Form.
  • Student Add/Drop Forms are available in the Graduate and Professional Studies office or the Registrar's Office.

Students receiving financial aid are subject to the Title IV Return of Funds Policy and may owe the University for unearned portions of federal aid due to their withdrawal. Written notification of notification will be given to the Director of Financial Aid and the Registrar.

Institutional Refund Policies

A 100% refund will be made to all students officially withdrawing completely before the first day of the term or instruction period. Fees, deposits and housing charges are not refundable. Refunds will not be made for dropped courses after that date, unless it is a complete withdrawal and the official withdrawal date falls within the refund period.

Financial Policy

Benedictine University at Springfield is a non-profit corporation. The annual income from a student's fees covers only a portion of the cost of his or her education. Therefore, to meet its educational objective, and in fairness to all students, the College must insist on the following regulation: Payments or financial arrangements must be made prior to the first day of each term, session or module.

Adult Accelerated Associate Degree Programs

Tuition in the Adult Accelerated Programs may be refunded according to the following schedule:

  • First week of session: Charged - 0%, Refunded - 100%
  • Second week of session: Charged - 75%, Refunded - 25%
Adult Accelerated Bachelor's Degree Cohort Programs

Tuition in the Adult Accelerated Bachelor's Degree Cohort Programs will have no refund available after the first class meeting.

Master's Degree Programs

Students withdrawing from a Master's Degree Programs will have no refund available after the first class meeting.

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