Tuition and Fees 2005-2006
In planning to attend Stephens College, a student should expect the following charges. These charges are subject to change at the discretion of the Stephens College Board of Trustees:
Tuition:
Tuition for the 2005-2006 academic year is $9,650 per semester.
Tuition includes all courses registered for the fall and spring semesters; however, fees for some supplies and services are not included (see below). The tuition fee also includes recreational privileges (use of private tennis courts, swimming pool), Student Government Association membership, residence hall dues, attendance at many on-campus cultural events, limited student health center services, all issues of the student newspaper (Stephens Life) , and a student identification card.
Room:
Room rates vary depending on the following building options:
Roblee: $2,420 per semester Pillsbury: $2,420 per semester Searcy: $2,270 per semester Prunty: $2,270 per semester Tower: $2,420 per semester Hillcrest: $2,170 per semester
Students are billed for a single room. A $500 reduction per semester is granted to students with a roommate.
Board:
Board charges vary depending on the following meal plan options:
10-meal/$100 flex cash/semester: $1,610 per semester 14-meal/$0 flex cash/semester: $1,545 per semester 14-meal/$100 flex cash/semester: $1,650 per semester 17-meal/$0 flex cash/semester: $1,710 per semester
All changes in meal plans must be requested within the first two weeks of classes.
Other Fees for Supplies and Services:
Air conditioning:
$300 per year per room Wireless Internet :
$200 per year if Stephens provides the wireless internet card
$175 per year if the student brings a machine with a card already installed
Applied music lessons:
$90 per semester credit hour
Equestrian Science:
Riding ($465 per class each semester);
boarding a horse ($3,375 per academic year: $375 spring deposit, $1,500 due Aug. 15, $1,500 due Jan. 15). Space is limited.
Additional lab fees and supply fees are listed in the schedule of courses for each semester. Additional tuition, at the per-course fee in effect at the time, is charged for summer programs and for independent studies registered during intersession periods. A separate fee schedule is published each year for off-campus programs sponsored by Stephens College.
Personal expenses, such as laundry, linens, books and incidentals, transcript fees, and graduation fee, are the responsibility of the student.
The College reserves the right to adjust fees subsequent to the publication of this catalog.
Terms of Payment
Payment of charges for tuition, fees, room and board is the obligation of the student. Tuition, Room and Board fees must be paid with one of the options described below.
EFT Ten-Month Plan
Installment plan consisting of five monthly payments per semester, each consisting of one fifth of all charges incurred for the semester, after application of financial aid offered through Stephens College. This plan requires a payment of a one-time per year setup charge of $25. Please return this payment with the Payment Plan Agreement Form, along with a voided check. By selecting this option, you are authorizing Stephens College to deduct this monthly amount from your checking or savings account on the last business day of each month from August through May. This process will be done by an electronic funds transfer (EFT). On your monthly billing statement, Stephens College will inform you at least 15 days before each EFT of the amount to be charged to your checking or savings account. No finance charge will accrue on this plan. Stephens College reserves the right to remove you from this plan and consider all fees due and payable for failure to pay two or more consecutive installments. If removed from this plan, the account will accrue a monthly finance charge of 1% (12% APR) on the unpaid balance. After May 31, all accounts will accrue a monthly finance charge of 1% (12% APR) on the unpaid balance.
Semester/Non-EFT Ten-Month Plan
Installment plan consisting of five monthly payments per semester, each consisting of one fifth of all charges incurred for the semester, after application of financial aid offered through Stephens College. The difference is that the payments are made to the college in the form of cash, check, or credit card. Payments will not be deducted directly from a checking or savings account. Each payment is due on the 25th day of each month from August through May. The minimum amount due will be clearly printed on your billing statement. A monthly finance charge of 1% (12% APR) will accrue on any unpaid balance. Finance charges may be avoided only by payment in full of the account balance.
Application of Financial Aid
The Accounting Office applies financial aid funds to student accounts in the following order:
- Pell Grant funds
- FSEOG funds
- Perkins loan funds
- Stafford loan funds
- PLUS loan funds
- Institutional merit-based aid
- Institutional performance-based aid, aid based on residency location, & tuition waivers
- Institutional need-based aid
- Outside Scholarship funds
- Alternative Loan fund
If Federal Student Aid funds (items 1-5 above) cause the account to have a credit balance, the Accounting Office will issue a check to the student or parent (based on which aid caused the credit balance), within 14 days of the funds being credited to the student's account.
Additional Information about financial aid is available from the
Financial Aid office and in the Financial Aid section of this catalog.
Failure to Pay
After the initial bill for the fall and spring semesters, tuition and fees accounts will be billed a monthly finance charge of 1% (12 % APR) of the outstanding balance. Prior to re-enrolling for the next semester, a student who has an outstanding balance must make satisfactory financial arrangements approved by the Office of Accounting.
A "hold" is placed on the transcripts and diplomas of students with outstanding balances. It is removed only when the obligation is paid in full. Stephens College will not release the transcript or diploma of anyone subject to such a financial "hold."
Withdrawal and Refund Policy
Complete withdrawal prior to first day of class
Except for a $100 administrative fee, Stephens will refund all of the student's tuition and fees if he or she cancels his or her enrollment before the first day of the semester.
Complete withdrawal after the first day of class, but prior to 60% completion of the semester.
In the event that a student completely withdraws, after the first day of classes, either voluntarily or at the request of the College prior to 60% of the completion of the semester, a pro-ration of tuition, room, and board is calculated based on the number of days attended compared to the total number of days in the semester. Calendar days (including weekends) are used, but breaks of at least 5 days are excluded. The student's tuition, room, and board charges are credited and financial aid is charged back to the student's account according to this pro-rata share of time spent at the institution. Federally funded aid will be charged back in accordance with Federal regulations in the following order: Unsubsidized Federal Stafford loans, Subsidized Federal Stafford loans, Federal Perkins loans, Federal PLUS (Parent) loans, Federal Pell Grants, and Federal SEOG (Supplemental Educational Opportunity Grant). "Official" notification of withdrawal must be given to the Dean of Students in all cases of voluntary withdrawal. "Official" notification is a verbal or written notice provided to the Dean of Students. If no "official" notice is given, the documented last date of attendance will be used.
Complete withdrawal after 60% completion of the semester
After the 60% point in the semester, a student will be charged 100% of all fees and will be deemed to have earned 100% of their financial aid.
Refund of Fees
If a student changes her class schedule during the first three weeks of classes, fees will added or deducted at 100% of the charge. Beginning with the first day of the fourth week of classes, no adjustment to the additional fees for a course will be made.
Partial Withdrawals
Refunds of tuition and financial aid will not be calculated for partial withdrawals.
Summer Session Withdrawal and Refund Policy
The above policy also applies to the summer session.
Student IDs
With the Identification card, a student may cash checks , obtain a Stephens postal box and be given ticket discounts for most Stephens Macklanburg Playhouse productions. It may also be used as a debit card at the Bookshelf after funds are deposited into the debit account. Please contact the Bookshelf for details.
Returned Checks
Writing a check without sufficient funds is a violation of state law, and the violator is subject to prosecution. A check returned to the College due to insufficient funds will result in a $10 charge plus the amount of the check.
