Student Accounts
You may view tuition bills here.
Tuition and fees for the 2008-09 Academic Year
| Tuition | $37,175 |
| Fees | 350 |
| Room | 6,500 |
| Board | 4,950 |
| Total | $48,975 |
The Business Office sends out tuition bills in July for the fall semester and in December for the spring semester. In addition to charges for tuition, room and board, students’ association and orientation fees, a $600 deposit is billed each semester against which you can charge bookstore purchases and to cover the cost of other incidental charges such as infirmary charges and auto registration fees. At year’s end, any unspent balance is refunded or credited to the next semester’s deposit.
Haverford grants and other confirmed financial aid from the College are credited directly to your account, half to each semester. Federal Stafford and PLUS loans and outside awards will not be credited to your account until the funds are received by the Business Office. On-campus employment (Federal work study) is paid directly to you once a month by student payroll for hours worked. Specific questions about your Federal loan applications or other financial aid should be directed to the Financial Aid Office.
Payment of tuition bills is due before the start of classes. Payments can be made by check and mailed in the envelope provided with the bills or mailed directly to the Business Office. Payments can also be made by wire to the College’s bank account. Students who prefer to pay tuition and other fees in monthly installments may do so through the no-interest TuitionPay Plan provided through www.tuitionpay.com and www.tuitionpayenroll.com. For those participating in the Sallie Mae plan, one-half of your annual contract amount is credited to the fall semester bill and one-half to the spring semester bill. Information about the Sallie Mae plan can be obtained by calling 800-635-0120.
Families may pay for three or four years (six or eight semesters) of tuition at the current annual tuition rate, if the total prepaid amount is paid in full by the first semester’s due date in August. Room, board and other fees cannot be prepaid. If the student withdraws, a refund of the prepaid tuition for the current semester will be made in accordance with the standard refund policy. The family may request a refund of any remaining prepaid tuition in which case the prepaid tuition option is cancelled. Otherwise, the family may choose to continue to participate in the prepaid tuition plan if the leave from the College does not exceed one year and the unused prepayment amount remains with the College. Under no circumstances will the College pay interest on any portion of the prepaid tuition amount.
Deferred payment plans extending over a period of years are available to qualifying borrowers from the following:
SallieMae (1-888-272-5543)
Citibank (1-800-788-3368)
Please note that all tuition bills must be paid before a student can complete non-academic registration and Room Draw, and receive transcripts and a diploma. Unpaid bills are subject to a 1% per month late fee and cancellation of bookstore privileges, and can result in cancellation of enrollment at the College.
For questions or additional information about your bill, including credit balances and refunds, please contact Barbara Wilson, Student Accounts Coordinator at 610-896-1251 (bwilson@haverford.edu). Questions about bookstore or other incidental charges should be made directly with the originating department.
Haverford’s refund policy and schedule is described in the College Catalog. The refund percentage depends upon the date of a student’s withdrawal as certified by the Dean’s Office. Students who receive federal student aid are also subject to a separate federal Title IV funds refund policy.
As a supplement to the college refund schedule, we are pleased to make available an optional insurance program, The Tuition Refund Plan (TRP), offered by A.W.G. Dewar, Inc.
The Tuition Refund Plan, plus the college’s refund, provides 100% of your insured tuition and fees if you withdraw from classes due to a personal physical illness or accident. For withdrawals due to psychological illness, benefits will return up to 60% of insured fees. Enrollment forms with complete details are mailed to students in July or an application may be completed online. The TRP provides coverage (according to the terms of the policy) for tuition, fee, room and board charges. Benefits under the Tuition Refund Plan can provide a valuable resource for students who need to withdraw for medical reasons.
Please contact A.W.G. Dewar, Inc., at (617) 774-1555 or you can access their website at www.collegerefund.com for more information or to apply.
The Hope Scholarship, Lifetime Learning Tax Credits and Form 1098-T
You may be able to claim one or both of these two higher education tax credits against your federal income taxes. The Hope Scholarship Credit provides parents (or independent students) up to a $1,500 tax credit for each student in the family during the first two years of that student’s college education. The Lifetime Learning Credit provides parents (or independent students) up to a $1,000 tax credit per family per year. These tax credits are available to individual taxpayers with adjusted gross income (AGI) up to $40,000 ($80,000 for married taxpayers filing jointly). A reduced tax credit is available for individuals with AGI between $40,000 and $50,000 and joint filers with AGI between $80,000 and $100,000. No tax credit is available if your AGI is over $50,000 (or $100,000 for joint filers), which amounts will be indexed after 2001.
The Hope Scholarship Credit applies to the first $1,000 of “qualified” tuition payments and 50% of the next $1,000 of “qualified” tuition payments. The student must be enrolled at least half-time to qualify for the Hope Scholarship Credit.
The Lifetime Learning Credit is equal to 20% of the taxpayer’s first $5,000 of out-of-pocket “qualified” tuition payments for all students in the family. If you claim a Hope Scholarship Credit for a particular student, none of that student’s expenses for that year may be applied toward the Lifetime Learning Credit.
“Qualified” tuition payments include payments from personal savings, a loan, a gift, an inheritance, and the student’s earnings to pay for tuition. They do not include payments for room and board, student activities, books, equipment, transportation, personal expenses, etc. Also excluded are any tax-free grants and scholarships, employer provided educational assistance and tax-free distributions from an Education IRA. If a student receives a tax-free distribution from an Education IRA in a particular tax year, none of that student’s expenses can be used as the basis of a higher education tax credit for that tax year.
These credits may only be claimed by the taxpayer that claims the student as a dependent on his/her federal income tax return. If no one claims the student as a dependent, then only the student can take the credit available. Married individuals must file a joint return in order to claim these credits. In lieu of these credits, the taxpayer may be eligible for a Tuition and Fees Deduction of up to $4,000 by completing IRS Form 8917.
Around January 31 the student will receive Form 1098-T from the College. This form will contain the student’s name, address and social security number and the College’s name, address and tax identification number. It will also include amounts Haverford billed the student for qualified tuition expenses and the student's scholarships and grants total. As permitted by federal regulation, we will not include any information about tuition payments on the 1098-T. Payments made to the College are shown on your tuition bill.
Please note that none of the above is meant to be construed
as tax advice. Please consult your tax advisor for any specific questions
about how these credits may apply to your own individual circumstances.
Additional information is also available from IRS Publication 970, Tax
Benefits for Higher Education and at www.irs.gov/pub/irs-pdf/p970.pdf