Bard Budget Plan
Fiscal Year 2007-2008
The Bard Budget Plan allows student account payments for tuition, room, board, and required fees to be made in 10 equal installments from June through the following March. The plan participant receives a statement each month. In order to maintain enrollment in the BBP, a participant's account must be kept current each month.
The BBP is an alternative payment system. No tuition insurance, life insurance, or benefits are included.
A $50 annual application fee covers administration of the plan. This once-a-year, nonrefundable fee must accompany the application; it is not reflected in the installment amount. For applications submitted after May 31, this fee is $65. Budget Plan applications will not be processed if the fee does not accompany the application.
How to Enroll
This page contains a Budget Plan application and a worksheet that is used to determine the monthly payment. Use the annual charges given in the schedule of allowable expenses and the approved financial aid awards to complete the worksheet.
Applications accompanied by the $50 fee must be submitted prior to May 31, 2007. If a student plans to use a scholarship or grant that is not listed in a Bard College financial aid awards letter, a letter of intent from the scholarship's sponsor must accompany the application. The first monthly payment is due by the end of June. A participant who enrolls in the plan late, that is, after May 31, must submit a $65 application fee, any letters of intent, and the payment due. No application for the Bard Budget Plan will be accepted after June 29, 2007.
| Please Note |
The completed worksheet and application must be signed and mailed to our office along with the application fee. On-line submission is not available and faxed applications cannot be processed. |
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Terms and Conditions
Payment terms
BBP payments are due by the date appearing on each monthly statement. All amounts billed on the student's current account statement that are not covered by the BBP or financial aid are also due and payable by the date appearing on the statement. The first BBP payment is due by the end of June. Please note especially that the August 2007 payment is due by August 24 and the January 2008 payment is due by January 18. Enrollments after May 31 will be accepted if an initial payment equal to the amount required to cover all missed payments is made at the time the application is filed. (Applications submitted in June must include the June payment.)
Late payments
In order to cover the administrative expenses incurred by processing late payments, Bard College bills a finance charge of 1 percent of the payment amount. Late fees appear on the student's current account statement and are subject to its terms and conditions for payment. Accounts with two or more late payments are subject to an additional late charge of $25. In addition, Bard reserves the right to terminate the plan in the case of two or more late payments. If the College exercises this option, any unpaid portion is reported on the student's current account statement and is subject to the terms and conditions of the Retail Credit Disclosure Agreement.
Financial Aid
Financial aid that is listed in an awards letter and 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 Office of Financial Aid. 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 a student's account only if Bard receives written confirmation of approval from the lending agencies. College stipend, work study, and campus employment funding cannot be used as credits in calculating the monthly BBP installment.
Deposit
The $500 annual deposit is due by May 1, 2007. It cannot be financed through the Bard Budget Plan. This deposit may be applied to the final monthly installment for the year (March 31) or left on the account to be used for the following academic year's deposit.
Changes
The contract amount may be increased or decreased once without cost. Subsequent changes, made either to reflect newly approved financial aid or at the request of the participant, will be made at a cost of $10 for each additional change.
Credit Balances
Until the Bard Budget Plan contract is paid in full, no refunds will be issued from a student's current account if a credit balance would result.
Please refer to the College catalogue for additional information regarding policy with respect to finances.
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Charges not financed through the Bard Budget Plan
The following charges cannot be financed through the BBP. The annual deposit is due by May 1. The new students' fees should be paid separately, along with the June installment.
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Annual deposit
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$500
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New students' fees, as follows:
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Language and Thinking Workshop meal charge
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$620
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Security deposit
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$225
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ID card fee
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$5
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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 the 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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Bard Budget Plan Payment Due Dates
2007-08 Academic Year
Monthly installment payments are due by the dates noted below:
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For the Fall 2007 Semester
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For the Spring 2008 Semester
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June 29
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November 30, 2007
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July 31
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December 31, 2007
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August 24
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January 18, 2008
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September 28
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February 29, 2008
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October 31
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March 31, 2008
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Bard Budget Plan Application and Worksheet
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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
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