Tuition and Payment Table of Contents

• Tuition and Fees 2007–2008
• Payment Schedule 2007–2008
• Bard Budget Plan (Installment Payments)
• Billing
• Tuition Prepayment Plan
• Financial Aid (as it applies to billing)
• Annual Deposit
• Enrollment Verification
• Financial Clearance
• Bad Checks
• International Students
• Retail Credit Disclosure Agreement
• Address Changes
• Mailing and Contact Information

Tuition and Fees Fiscal Year 2007–2008

1. Students registering for more than 20 credits will be charged a fee of $1,120 for each additional credit.
2. All resident students are required to take the meal plan.
3. Health services coverage is required for all enrolled students.
4. The Language & Thinking Workshop meals, security deposit, and student ID card fees are one-time only charges and are included in the June and July payments. All students taking the workshop are required to take the meal plan.

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Payment Schedule Fiscal Year 2007–2008

Bard College offers the Bard Budget Plan for monthly payments. For those electing not to participate in the Bard Budget Plan, payments are due as follows.

1. The May 1 non-refundable deposit of $500 will be applied as a credit to the Spring charges. For graduating seniors, the credit will be applied after Commencement.
2. Fifty percent of the approved Fall term financial aid may be deducted from this installment. The remaining fifty percent may be deducted from the July installment.
3. Fifty percent of the approved Spring term financial aid may be deducted from this installment. The remaining fifty percent may be deducted from the December installment.
4. For transfer students not taking the Language & Thinking Workshop, the June and July payments are $11,835 for resident students and $9,313 for off-campus students.

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Billing

Statements showing balances due for tuition, fees, and miscellaneous charges are mailed about 20 days before each scheduled payment due date. Balances should be paid promptly; overdue balances are subject to a finance charge of 1 percent per month (12 percent per annum). Finance charges on amounts to be paid by financial aid that has not yet been credited to a student's account will not be waived unless Bard College is at fault for late processing of the aid.

Bard College offers a demand card (prepaid debit card) for bookstore and dining charges.

Please refer to the College catalogue for additional information regarding policy with respect to finances.

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Tuition Prepayment Plan

Bard College offers a four-year tuition prepayment plan to incoming first-year students who do not receive financial aid toward tuition costs. The cost of tuition for each year of the student's four-year tenure is stabilized at the first-year amount. For those electing this option, payment of $143,136 (4 x the 2007-08 tuition of $35,784) is due by July 31, 2007. If a student withdraws from the College before completing four years of study, the excess credit balance is refundable. The prepayment plan applies to tuition only; room, board, and fees are payable as due.

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Financial Aid as Applied to Billing

Financial aid is administered by the Office of Financial Aid, not by the Office of Student Accounts. Students eligible for financial aid receive an awards letter. If a scholarship or grant other than those listed in the awards letter is to be used as a credit, a letter of intent from the sponsor of the outside award must be submitted to the Office of Student Accounts before May 31.

Financial aid that has been approved by the Office of Financial Aid is credited on billing statements by that office, not by the Office of Student Accounts. Financial aid credits are listed only if all required pertinent items have been submitted to and approved by the Financial Aid Office. Payment in lieu of missing financial aid is due as billed on the statement and is subject to late charges if not received by the due date. Parent and student loans (PLUS, CitiAssist, Key, Signature, Stafford, and the like) are credited to students’ accounts only after written confirmation of approval is received from the lending agencies.

Students who receive financial aid and elect to participate in the Bard Budget Plan should enter the approved financial aid figures (excluding College stipend and employment funds) on the worksheet of the Budget Plan application.

Students who do not participate in the Bard Budget Plan may deduct 50 percent of the approved fall term financial aid (excluding College stipend and employment funds) from the installment due in June. The remaining 50 percent will be credited on the July installment. Similarly, 50 percent of the approved spring term financial aid may be deducted from the November installment, and the remaining 50 percent from the December installment.

Bard College prohibits the use of any current-year financial aid for payment of past-due balances from previous years.

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Annual Deposit

The $500 annual deposit is due by May 1, 2007. Note that it is a deposit for the entire 2007-08 academic year, not just for the fall 2007 semester. The deposit is made in spring 2007 for purposes of room draw and registration for the upcoming fall term and is retained for purposes of registration for the following spring term. It may be applied toward the final payment for the 2008 spring term or left on the account to be used as the deposit payment for the following academic year.

If the deposit is paid in the spring of 2007 and the student decides not to attend for the fall semester, the deposit will be refunded only if the Office of Student Accounts receives written notification by the last day of spring term classes (May 22, 2007) of the student's decision to withdraw, and the student has neither registered nor participated in room draw.

If the deposit is paid and the student has participated in room draw or registered and then withdraws, the deposit is not refundable but remains as a credit on the account. If the student attends for the fall semester and decides to withdraw for the following spring semester, the deposit (being an annual, not a semester, deposit) is not refundable but remains as a credit on the account.

For graduating seniors, the deposit is credited to the account after Commencement.

If the deposit is paid for a first-time applicant and the student decides not to attend, the deposit is not refunded.

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Enrollment Verification

Students are required to verify their enrollment for each term at the financial clearance session scheduled at the start of the term. Those who do not will have enrollment holds placed on their accounts and will be required to pay a $100 late fee in order to validate their enrollment for that semester. Changes in enrollment from full time to part time must be submitted in writing to the Office of Student Accounts prior to the end date of the drop/add period for that term. No refund of tuition is allowed for changes after this date.

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Financial Clearance

Students' accounts must be current and financially cleared prior to scheduled registration, room draw, and start-of-term dates. The financial clearance dates are noted on statements sent both to parents or guardians and to students prior to these scheduled events. Accounts not paid as due prior to these dates are subject to financial holds and late charges. We encourage you to call the Office of Student Accounts in advance of these dates to verify the financial clearance status of the account, in order to avoid unexpected complications.

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Bad Checks

The first check not honored upon presentation will be charged back to the student's account with a fine of $25 or 1 percent of the face amount of the check, whichever is greater. A second bad check will be fined $35 or 1 percent; additional bad checks will be fined $45 or 1 percent. If the College receives several bad checks from an individual, it reserves the right to require that individual to pay by bank cashier's check or money order.

If a check used to provide financial clearance is returned, registration and room reservation will be canceled and the account will be assessed a $100 late enrollment fee in addition to the bad check fine.

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International Students

A Declaration of Finances must be received from all foreign nationals before a Certificate of Eligibility (Form I-20) will be issued. The form and the certificate are needed to obtain a visa. Students who wish to be considered for financial aid should return the Foreign Student's Financial Aid Application to the College. Internal Revenue Service regulations require all holders of F or J visas to file tax returns for their scholarship awards. For further information, contact the Office of Admissions.

Click here for more information about International Student Campus Life

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Retail Credit Disclosure Agreement

In order for Bard College to comply with federal laws about disclosure on credit accounts, each student must sign and return the Retail Credit Disclosure Agreement.

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Address Changes

Students and their parents or guardians are responsible for sending written notification of billing address changes or corrections to the Office of Student Accounts. Address changes made at other Bard offices do not change the billing address.

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Mailing and Contact Information

Make checks payable to Bard College and write the student's ID number on the check. Mail payments to

Bard College
Office of Student Accounts
PO Box 5000
Annandale-on-Hudson, NY 12504-5000

When using overnight services, send to

Bard College
Office of Student Accounts
30 Campus Road
Annandale-on-Hudson, NY 12504-5000
Phone: 845-758-7520 Fax: 845-758-7336