Tuition and Fees

Basic expenses at Albion College for the academic year are listed below.

Matriculation Fee/Readmission Fee
A one-time matriculation fee of $185 is paid by all matriculating students at registration for administrative and processing costs. Re-admitted students are also required to pay a $75 re-admission fee. Non-refundable.

Textbooks and Supplies
There are no standard fees for textbooks and supplies. However, every student must plan to purchase such items in addition to the expenses listed above. Books and supplies range from $900 to $1,000 per year for the average Albion student.

Special Fees

Students declaring a music major (and demonstrating this intention by being enrolled in the music classes appropriate to the music major curriculum) will receive at no additional cost up to 1/2 unit of private lessons per semester. All other students must pay the full applied music fee for lessons.

Refunds: Students who drop private music lessons after the second week of classes will receive no refund. Students dropping lessons during the first two weeks will be charged $50 per scheduled lesson.

Other Educational Fees
(per semester, where applicable)

Payment of Tuition and Fees

It is expected that all accounts will be paid in full or have an approved payment plan in place by August 15 for the fall semester and by January 15 for the spring semester.

Albion College approved payment plans:

1. Albion College Deferred Fee Agreement
For a student to participate in the College's own deferred payment plan, one-third of the net tuition and fees due (tuition and fees less financial aid (excluding loans)) is payable by August 15 for the fall semester or January 15 for the spring semester. The remaining balance for fall semester is deferred over two months with the first payment due on September 15, and the second payment due on October 15. Spring semester payments are due on February 15 and March 15. There is a 1.25% per month time charge differential assessed on the unpaid balance.

Failure to meet an installment deadline may automatically cancel the privilege of class attendance and will prevent class registration for the next semester and may incur a late payment fee of $100.00.

2. Sallie Mae Monthly Payment Plan
The SallieMae plan enables you to pay all or part of your Albion College fees in monthly installments without interest charges. The plan may also be used to supplement all other forms of financial aid such as grants, loans and scholarships.

Participation is on an annual basis. The only cost is the $55.00 annual enrollment fee.

Payment for Students on Off-Campus Programs
Payment expectations for students on off-campus programs are different than on-campus payment expectations.

1. Payment in full for the semester is expected before the student leaves for the program or the due date on the bill whichever is sooner. (Exceptions are made for Australia programs that start in mid-July—payment for these programs is expected by the due date on the bill.)
2. Payment plans are not permitted.
3. Students must make sure that all federal loan paperwork is completed prior to their departure so that funds can be disbursed on time. Alternative loans and Parent PLUS loans should be initiated far enough in advance so that they disburse on or prior to the due dates.
4. Please see the Off-Campus Programs Handbook for other information.

Late Payment Fee
There will be a $100.00 late payment fee assessed to all accounts with an outstanding balance that are not set up on either the Albion College Deferred Fee Agreement or the SallieMae Monthly Payment Plan after August 15 for the fall semester, and January 15 for the spring semester. A late payment fee of $100.00 may also be assessed if the terms of the deferred fee agreement are not met.

Past Due Accounts
No diploma, certificate, transcript, semester grade report, letter of honorable dismissal or letter of recommendation will be granted to students who have an indebtedness to the College.

Students having any indebtedness to the College will not be permitted to complete enrollment for the following semester's classes.

Sound business practice provides guidelines for all financial transactions with the College, including but not limited to the payment of fees and other obligations, purchases at the bookstore and the cashing of checks. These practices include a respect for accuracy and punctuality, and the College deals both with students and parents when questions concerning these transactions arise.

The College reserves the right to increase or decrease fees and charges according to changes in economic conditions. Published notice of any change normally will be given in advance.

Refunds

Students who withdraw from Albion College (either before, during or after a semester) are subject to the terms of the Albion College refund policy. Depending on the date and circumstances of a student's withdrawal from the College, a refund may be in the form of pro-rated charges and credits, rather than a cash payment to the student. Appeals by those students who feel that individual circumstances warrant exceptions from the established policy should be made in writing to the vice president for student affairs. Both voluntary and involuntary withdrawals are subject to the refund policy.

A $100 withdrawal processing fee will be assessed to any student who withdraws from Albion College before, during or after a semester.

It should be noted that students who have enrolled under a deferred payment agreement are bound to fulfill the terms of that agreement even though they may withdraw from the College prior to the close of a semester.

Refund Policy During the Semester

Refund Policy at the End of the Semester

General Deposit Refunds--General deposit refunds are made in full (less deductions for unpaid College charges) after the end of a semester provided written notice of intent to withdraw is filed with the vice president for student affairs by the following deadline dates:

October 15 for withdrawal at the end of the first semester
March 15 for withdrawal at the end of the second semester

A 50 percent refund of the general deposit will be made when written notice of intent to withdraw is provided to the vice president for student affairs by the following deadline dates:

December 1 for withdrawal at the end of the first semester
August 1 for withdrawal during the summer

A form to indicate one's intent to withdraw is available at the Student Affairs' Office in the Ferguson Student, Technology, and Administrative Services Building. Completion of this form will constitute notification that the student intends to withdraw from the College at the end of the current semester. Should there be a change in the student's plans, it will be necessary for the student to submit an application for readmission.

A student who completes his or her degree will receive a refund of the general deposit less any remaining College charges. (e.g., room damage, loss of keys).