Payment of Student Accounts

Before the beginning of each term, the Business Office will send each student a bill showing the total charges for the term and the financial aid expected to be credited to the student account for the term. The bill will be mailed on July 21 for the fall term and on November 25 for the spring term.  All charges for tuition, room and board are due approximately two weeks prior to the beginning of each term.  Fall term balances are due August 15, 2008 and spring term balances are due December 31, 2008.

If an account is not paid in full by the due date, the College regards the account as delinquent unless satisfactory financial arrangements have been made with the Business Office.  Students with accounts considered delinquent are not entitled to future registration, room, board or issuance of transcripts.

A monthly payment plan is available.  For parents or students who wish to pay their account by credit card, please see a special announcement regarding Credit Card Acceptance Policies at Simpson College.  In addition, students can access their account balance on line through StormFront and make secure payments using a credit card.

Finance charges are assessed at a daily rate of 0.05 percent (18 percent A.P.R.) on the unpaid balance not covered by the payment plan.  Finance charges are calculated at the end of the month and added to the student's account.

Books are sold at the College Bookstore and may be purchased by cash, check or credit card (MasterCard, VISA, American Express or Discover).  Full-time students should be prepared to pay approximately $800 each year for books.

Matriculation Fee and Deposit

Upon acceptance, all full-time students must pay $200 which covers the $100 matriculation fee and $100 enrollment deposit.  This deposit is not refundable after May 1, 2008.  The $100 enrollment deposit, however, may be refunded when enrollment terminates and all financial obligations to the College have been satisfied.

Credit Balances

Federal regulations require credit balances created by Title IV funds to be refunded within 14 days.  Students who want credit balances retained by Simpson College for the academic year must give written authorization to the Business Office.

Board Plans

All full-time residential students must have a board plan.  Simpson College offers four board plans.  ·    The 20-Meal board plan allows students to eat every meal available at the    dining hall. ·    The 14-Meal board plan allows students to eat any 14 meals during a one week period.  ·    The 12-Meal Flex board plan allows the student to eat 12 meals per week.  In addition, this plan provides $200 in points per term, which can be used at Pfeiffer Dining Hall or the Storm Street Grill in Brenton Student Center.  ·    The 6-Meal board plan, which is only available to students who live in apartments and theme houses, allows students to eat any six meals during a one week period.  In addition, this plan provides $50 in points per term.

Board passes are identified by a magnetic strip attached to the student identification card.  Students will be allowed a three day grace period at the beginning of each term when they will be allowed to eat at the dining hall without presenting an identification card with a magnetic strip.

Students will be allowed to change their board plans during the first two months of the term.  Board changes will be prorated to reflect the change.  Flex points will also be prorated.