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Next: Other Fees and Charges Up: Financial Information Previous: Financial Information
Rates and Charges
The handling of money is an educational experience, and for this reason College business affairs are usually conducted directly with the student. Accounts must be paid promptly for the student to remain in the College.
Although the academic year (September through May) contains nine terms, full-time degree candidates are charged tuition, activity fees, room and board for only eight of these terms. If the student is enrolled for eight terms in the same academic year, he or she may take the ninth term at no additional cost. The total charges listed below do not include such additional expenses as books, music lessons, and student practice teaching (see ``Other Fees and Charges''). There are no refunds or adjustments for vacation terms.
| Rates for the 1996-97 Academic Year | |||||
| Terms | Activity | ||||
|---|---|---|---|---|---|
| Enrolled | Tuition | Fee | Dining | Residence | Total |
| 9 | $17,080 | $140 | $2,530 | $2,140 | $21,890 |
| 8 | 17,080 | 140 | 2,530 | 2,140 | 21,890 |
| 7 | 15,010 | 125 | 2,252 | 1,912 | 19,299 |
| 6 | 12,928 | 110 | 1,964 | 1,670 | 16,672 |
| 5 | 10,832 | 95 | 1,666 | 1,418 | 14,011 |
| 4 | 8,718 | 80 | 1,357 | 1,156 | 11,311 |
| 3 | 6,582 | 60 | 1,037 | 882 | 8,561 |
| 2 | 4,422 | 40 | 707 | 599 | 5,768 |
| 1 | 2,232 | 20 | 355 | 305 | 2,912 |
The annual charges are payable in full on July 20 for students entering or returning in Term One or Two. The scheduled charges above are payable in full prior to the beginning of the student's first term if the student enters or returns in a term other than Term One or Two. The College directly offers three deferred payment plans. Commercial plans are also available. Information is available from the Office of Financial Assistance. The two-payment plan allows payment of one half of the annual charges on July 20 and payment of the remaining half on December 20. The 10-payment plan allows payment of one tenth of the annual charge on July 20, with nine payments due in each subsequent month. The 12-payment plan allows non-seniors 12 equal payments from July to June. There is no interest charge for any of these three deferred payment plans. Through the combined use of a deferred payment plan and student loans, College expenses may be met by monthly payments extending over four, five, or even fifteen years. The deferred payment plans referred to above are reviewed annually and are subject to change each year.
Grade reports, transcripts, and other official statements or certifications will not be issued for a student who has past due financial obligations to the College, nor will a diploma be granted to any student who has failed to settle her or his college bills. Students whose accounts are delinquent at the end of any term may not be allowed to enroll in the following term.
The annual tuition and fees usually cover tuition charges for off-campus programs, but an additional charge will be made if costs to the College exceed the regular tuition. Students who participate in a second-semester off-campus program numbered in the 900s in this Catalogue and then return to campus to take a course in the ninth term will normally be charged only for Room and Board for one term; however, students who have not been enrolled at Cornell for the preceding eight terms will also be charged tuition for that term.
The charges for the ensuing year are usually announced by March 1. In the event of unusual fluctuations in operating costs, the administration reserves the right to revise the rates. Student tuition at Cornell College meets about two-thirds of the educational costs. The College obtains the other one-third each year from gifts and from earnings on invested endowment funds.
Next: Other Fees and Charges
Up: Financial Information
Previous: Financial Information
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