Student Accounts
Full payment and/or acceptable documentation demonstrating that your balance
will be paid in full must be received prior to the published deadline. Acceptable
documentation includes enrollment in the monthly payment plan, a copy of an
award letter for an outside scholarship or a copy of a billing authorization
or sponsorship letter. Please note that loans based on the credit worthiness
of the borrower may not be deducted without approval from the lender. A copy
of an approval notice, including fund disbursement dates and amounts, will
be accepted as documentation for this type of loan.
Please include the student's name and Wellesley College ID or social security number on all payments and correspondence. Please make your check payable to Wellesley College.
You are responsible for monitoring your account balance and for keeping track of payment due dates even if someone else is handling the finances for you. As you will be the only recipient of monthly statements, you need to communicate your account status with anyone paying your charges other than yourself.
There are potential consequences of which you should be aware if you do not meet your payment responsibilities. Monthly late fees may be assessed on any balance remaining unpaid after the payment deadline and your account could be placed for collection. Wellesley College also reserves the right to withhold services if you have not fulfilled your financial obligation. You could be prevented from participating in the housing process, registering for classes, accepting a place in an associated leave program (i.e., Junior Year Abroad program), receiving transcripts, or receiving your diploma. In addition, the College reserves the right to have you administratively withdrawn if a balance continues to remain unpaid.
Inquiries regarding late payment fees may be resolved after the account has been settled. Late fee disputes can be reviewed only if a written petition has been received. The petition should include the student's name and ID number, the term the late fee was charged, and the circumstances to be reviewed.
If any overdue obligation is referred to an outside agency or attorney for collection efforts, and/or legal suit, the debt is increased to cover all reasonable cost of collection, including collection agency fees and court costs. By registering for any class in the College, each student accepts and agrees to be bound by the foregoing College policy as applied to any preexisting or future obligation to the College.
Students placed on financial leave or placed with an outside collection agency must contact Student Financial Services once their account balance has been resolved to remove any financial conditions from their leave.
If you receive a scholarship or other outside award not previously considered in the determination of your financial aid award, you must, according to federal regulations, notify Student Financial Services.
Participants in prepaid tuition programs must provide sponsorship/billing information
to Student Financial Services prior to the payment deadline.
Please note that these awards will not be reflected on your student account or billing statement until the College has received the funds.
Unless specifically stated in the sponsorship letter, all outside scholarships will be evenly applied to the fall and spring semesters.
In Person:
Cashier's Office
139 Green Hall
Hours are posted at the Cashier's window
On-Line:
www.afford.com
(on-line check payments via TMS)
Contact TMS(www.afford.com) for credit card payment option
Cash payments must be made at the Cashier's window or put in the depository located outside the Controller's Office in Green Hall. You may visit or call the Cashier's Office for hours and information.
For security reasons, we urge students not to carry large sums of cash.
Wellesley College does not accept credit card payments; however, you may charge your semester bill on MasterCard or Discover by visiting the Tuition Management Systems web site at www.afford.com or by phone at 1-800-722-4867. *Please note, a teleprocessing fee is assessed.
Students must email the "Student Wire Account Info" conference to receive the information necessary to conduct a wire transfer.
Please contact Tuition Management Systems for academic year contracts.
If you plan to use your savings and/or current income to cover all or part of your educational expenses, the Interest-Free Monthly Payment Option offered through Tuition Management Systems helps by providing more manageable cash flow and greater budget flexibility. Instead of lump-sum payments, the TMS Plan allows you to pay all or part of your education expenses in manageable monthly installments. You may use the TMS plan to pay your balance after financial aid or in combination with other loans. The payment plan is available for a small enrollment fee and includes personal account service, automated account information 24 hours a day, access to your account through their web site, www.afford.com. By enrolling in the TMS Monthly Payment Plan, your student account will receive a credit each semester representing ½ of the full amount of your contract, unless otherwise specified. We will credit your student account in advance of your making all of your payments to TMS. Although Student Financial Services can provide assistance, you are responsible for determining the contract amount. TMS is not responsible for this decision and will make changes only upon your request.
The toll free number is 800-722-4867 (if calling from outside of the United States, please use 401-849-1550) or you may visit their web site at www.afford.com
This program provides a written contract guaranteeing that the cost of tuition will remain the same for each of four consecutive years at Wellesley College. By June 30th preceding the Fall semester of the entering year, the student pays an amount equal to four times the first year's tuition cost. Provisions are made for leaves of absence (up to two semesters), refunds, and withdrawals. This program stabilizes only the cost of tuition at Wellesley College; all other charges such as room and board will be billed at the rate for the applicable year, as will tuition for any exchange program or other college at which the student enrolls.
Please contact Student Financial Services for enrollment information.
Student Financial Services
Created: August 23, 2007
Modified:April 7, 2009