Student billing - Tuition
Payments are accepted by mail or walk-ins at the Student Billing or Business Office on the 2nd Floor of Corson Hall. Ursinus College accepts cash, checks, and money orders in person. Credit cards payments are only accepted through Tuition Management Systems at www.afford.com/ursinus (each transaction will be charged a 2.75% convenience fee by TMS) .
Make all checks/money orders payable to Ursinus College.
Please send payment to:
PO Box 824015
Philadelphia, PA 19182-40154
Monthly Tuition Payment Plan
- Payment plans are the sensible approach to paying education expenses. They allow for smaller, affordable payments instead of paying your balance in one large lump sum.
- Interest-free option
- Details and easy sign-up at www.afford.com/ursinus or by calling 800-722-4867
Tuition and Fee Refunds
The College’s current refund policy for students who leave the College prior to the end of a semester allows students to be refunded from the first day of classes through the end of the 10th week of the semester. The refund is calculated on a percentage based on the number of weeks that the student was enrolled throughout the semester. The percentage of refund ranges from 87.5% at the end of week 1 to .05% at the end of week 10. The refunded amounts include tuition, fees, and board; there is no refund on room charges. Institutional financial aid is adjusted at the same percentage rate. Federal aid is adjusted based on federal guidelines.
The proposed new refund policy is simplified and would only allow students to be refunded from the first day of classes through the end of the 6th week of classes. The refund percentage for weeks 1 and 2 (which coincides with the end of add/drop period) would be 75%, for weeks 3 and 4 it would be 50%, and for weeks 5 and 6 it would be 25%. There would be no refund after the end of week 6. All other aspects of the refund policy would remain the same. The proposed policy change would simplify the current policy while lessening the overall negative financial impact to the College when students leave prior to the end of a semester. Below is the proposed policy change.
100% Refund of Tuition, Room, Board, Fees
Prior to start of classes
Fall 2014 8/24/14
Spring 2015 1/19/15
75% Refund of Tuition, Board, Fees (No room refund)
1st day of classes through end of add/drop period
Fall 2014 8/25-9/5/14
Spring 2015 1/19-1/30/15
50% Refund of Tuition, Board, Fees (No room refund)
Week 3 and 4
Fall 2014 9/6-9/20/14
Spring 2015 1/31-2/13/15
25% Refund of Tuition, Board, Fees (No room refund)
Week 5 and 6
Fall 2014 9/21-10/4/14
Spring 2015 2/14-2/28/15
0% Refund of Tuition, Room, Board, Fees
After week 6
Fall 2014 10/5/14
Spring 2015 3/1/15
Late Fee Policy
The College’s current late payment fee policy charges a student a late fee based on the amount owed to the College at the end of the fourth week of classes. The concern with this policy is that it can be high relative to the student balance and in comparison with similar schools’ policies. In some cases the late fee has been as much as 50% of the balance due. Because of the nature of our student balances and relatively high fees, the tendency is to reverse a number of our late charges when circumstances allow. In the current year, we are charging and collecting on approximately 66% of the original late fees assessed to student accounts resulting in approximately $65,000 of revenue. Unfortunately, many of the students that we have charged late fees already have difficulty in paying their semester charges. Adding excessive late fees to already overdue balances contributes to student retention issues and the collection of our student balances.
The proposed new late fee policy would charge a student no more than a 10% late fee on balances over $300 owed at the end of the fourth week of classes. All other aspects of the late fee policy would remain the same. Using our current experience, if we hypothetically charge and collect on 66% of the original late fees charged, the College would lose approximately $9,500 in revenue. However, by implementing and adhering to a stricter late fee waiver policy (thereby increasing the amount of late fee we actually collect) the college should not lose any revenue from this change, while having limited the impact on the College’s retention. Below is the proposed policy change.
Late Payment Fee: A late payment fee, as determined by the schedule below, will be applied to any account with a balance due at the end of the fourth week of each semester. The amount charged will be based on the outstanding balance at that time.
BALANCE LATE FEE
$3000 and over $300