Billing statements reflect balances due for comprehensive tuition and fees, including health insurance and tuition insurance. Miscellaneous charges assessed by various College departments are also itemized on the statements, including infirmary costs, dormitory charges and fines, key and ID card replacement costs, dormitory access charges and parking violations, graduation fees, photography and studio art fees, and private music lesson fees.
Statements are mailed 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 year). Accounts more than 15 days late in payment are subject to an additional $25 late fee. 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. If accounts are not paid as due, the College reserves the right to require that payment be made by bank cashier's check or money order, or wire transfer. Academic and financial holds are placed on accounts not paid as due. These holds prevent release of transcripts and registration confirmation and changes. If the required payment is not received before the start of the term, the students' account will be inactivated, and the students' registration will be cancelled for that semester. In addition to the required payment due, there is a $100.00 late registration fee applicable to the outstanding balance.
If our office is notified of a students' enrollment shortly before the semester begins or after the semester has started, a billing statement will be generated reflecting the amount due for the student's account. Payment will be due upon receipt in order for the student's account to be activated for the specific semester and to confirm the student's enrollment, housing, and registration status.
Students who take an academic leave of absence are charged a $750 administrative fee.
Financial aid that has been approved by the Financial Aid Office 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 finance charges if not received by the due date. Parent and student loans (Federal Direct PLUS, Federal Direct, Alternative, 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.
Credit Balance on Account
If the student is a Title IV financial aid recipient and if Title IV funds exceed allowable charges(tuition/fees/room/board), these funds will be returned to the student/parent within fourteen days of payment unless the student/parent has authorized the school to hold these funds toward payment of other allowable institutional charges.