Payment Policy | Payment-in-Full | Deferred Payment Program | Monthly Payment Plan | Alternative Loans | Outside Scholarships | Hope Scholarship/Lifetime Learning Credit | St. Norbert Bookstore Payments
|Payment Policy | return to top|
|St. Norbert College accepts online payments by credit card, checking or savings accounts as well as cash or check for the payment of tuition, fees, room and board. All amounts received must be in U.S. funds. All past due amounts are subject to a late payment fee of ONE PERCENT PER MONTH (12 percent annually). Students will not be issued official grade transcripts or permitted to register for succeeding semesters until such time as all charges have been paid in full. Diplomas will not be issued unless all charges have been paid in full and exit requirements (Stafford and Perkins Loan recipients) have been met. Contact the Bursar Office for specific information regarding payment by calling 1-800-597-3922.|
|International Payment - Peer Transfer | return to top|
|St. Norbert College has partnered with peerTransfer Corporation to provide our international students with a more convenient and efficient method of sending international payments. peerTransfer allows you to pay from any country and any bank, save money on bank fees, receive peace of mind with 24x7 multilingual customer support, and track your payment from start to finish. Click or go to: snc.peertransfer.com to complete the payment process.|
|Payment-in-Full | return to top|
|Payment is due before classes begin or by the stated due date on monthly statements. Payment-in-full is the only option to those who are not enrolled on one of our recognized payment programs.|
|Semester Payment Program | return to top|
|Students may defer up to $3,000 each semester with the remainder of the fees due before the start of the semester. The deferred amount will be due in three equal installments on September 1, October 1 and November 1 during the first semester and February 1, March 1 and April 1 during the second semester. There is a $30 enrollment fee per semester for this plan.
In the case of an over-payment (credit balance) on a student account the student should clarify whether or not the overpayment should be refunded or applied to ensuing semesters. Should the student prefer to have the credit refunded, he/she simply needs to visit the Bursar Office to complete a refund form. If approved, refunds are issued on a weekly basis. Please note that all Financial Aid must be applied toward the deferred balance prior to any issuance of funds. For instance, suppose a student chooses to defer the full $3,000. Shortly thereafter, he/she is awarded a $2,000 scholarship. Rather than refunding the $2,000 and choosing to continue to defer $3,000, the scholarship will be applied to the student's account, therefore decreasing the deferred amount to $1,000. A credit must actually exist on the student's account in order to be issued a refund.
NOTE: It is the policy of St. Norbert College to automatically credit to a student's account all scholarships and gift assistance at the start of each semester.
Semester Payment Plan Application (PDF)
|Academic Year Monthly Payment Plan | return to top|
St. Norbert College recognizes Tuition Management Systems (TMS) as an outside agency who organizes and maintains payment plans for families. Monthly payments are made directly to TMS, and TMS then forwards payments to St. Norbert College to be credited to the student's account. There is a $65 application fee associated with enrollment on the monthly payment program.
Students enrolled on the TMS Monthly Payment Plan will receive four Tuition Statements from St. Norbert College per year, one at the beginning and end of each semester. It is important that students ensure that their balance owed to St. Norbert College matches the amount budgeted on their TMS Monthly Payment Plan. Students may adjust their TMS Budget at any time.
|Alternative Loans | return to top|
|An Alternative Loan may be an alternative method of payment. The Alternative Loan is taken out in the student's name, and the student therefore shares responsibility of college financing.
Payments are not required while the student attends St. Norbert College, and a 6-month grace period is granted after graduation. Payments are then made over a period of 120 or 180 months, dependent upon the amount owed.
Should the loans be approved, the St. Norbert College Bursar Office is notified and payments are sent directly to the College to be credited to the student's account. For a list of Alternative Loan companies see the Financial Aid web page or call the Financial Aid Office at 1-888-786-6721.
|Outside Scholarships | return to top|
|Often times, a student will receive scholarships from an outside source to be credited to their tuition account. Generally, St. Norbert College receives those checks directly in the Bursar Office and receipts them to the student's name. If the check is addressed to both St. Norbert College and the student, a notice will be sent via email to the student to endorse the check. If a check should be sent directly to the student, it needs to be sent to the Bursar Office in order to be credited against his/her balance.|
|Hope Scholarship/Lifetime Learning Credit | return to top|
|The Hope Scholarship is actually a tax credit, not a scholarship. A family must file a tax return and owe taxes in order to take advantage of it. The Lifetime Learning credit is similar to the Hope Scholarship. It is available to taxpayers in order to help with the cost of a college education. In order to receive the Lifetime Learning Credit a family must file taxes. Related tax information is available from IRS Publication 970.
St. Norbert College will send a 1098-T form to students who incurred tuition and fee expenses during the calendar year. This form is not required to be included with your tax return form. To help taxpayers determine qualified expenses eligible for the credit, a summary of tuition, qualified grants, and scholarships will be provided on the form. This financial information should not be construed as tax advice; it is simply a summary of the College's financial records.
The 1098-T forms will be mailed to the student's permanent home address during the last week of January. Please allow two weeks for delivery before calling the Bursar Office about your form. The most common reason why students do not receive a form is that they are not eligible for the tax credit. If you have not received a form and believe you are, in fact, eligible for the tax credit, you may contact the Bursar Office after allowing two weeks for delivery.
Although you may receive the 1098-T form, that does not necessarily mean you are eligible for the tax credit. St. Norbert College is required to provide the 1098-T form to individuals who were billed for qualified tuition and fees during the calendar year. If you have any further questions about your eligibility, or specifics regarding the 1098-T form, please consult your professional tax preparer or the IRS.
More information about income taxes or the Hope Scholarship or Lifetime Learning Credit should be directed to a professional tax preparer or the IRS by calling their Helpline: 1-800-829-1040.
|St. Norbert College Bookstore Payments | return to top|
|Students have the option of paying for St. Norbert College Bookstore charges in a number of ways including cash, check, custom cash or Mastercard/Visa. All amounts received must be in U.S. funds. Credit Card payments are subject to a processing fee per transaction. Only purchases that pertain to coursework materials required by the professor may be charged to a student's account.|
More information about any of the payment options can be obtained by contacting the St. Norbert College Bursar Office at 1-800-597-3922 or email at firstname.lastname@example.org.