& Student Handbook - Saint Mary's University of Minnesota

Schools of Graduate and Professional Programs 23
Tuition and Fees
The tuition and fee schedule is available online at:
www.smumn.edu/sgpptuition.
Students are required to pay the current tuition rate for all classes taken
toward their degree. The tuition is based on the tuition rate of the
program through which the course is offered.
Saint Mary's University of Minnesota reserves the right to revise tuition
payment policies at any time. Should this occur, students will be notified
prior to the effective date of the changes.
Method of Payment
Billing statements are e-mailed after the 21st of each month to the
student’s Saint Mary’s University e-mail account. Students are
responsible for checking their e-mail account regularly to access their
tuition account statement. Students may also access their account
information online through WebTools. Payment for classes is due the
15th of the following month after the class begins.
Tuition bills may be paid by loan funds directly applied to a student’s account,
by personal check, money order, or ACH (Automatic Clearing House) or
credit card online. Saint Mary’s University uses CashNet to process online
payments. CashNet is a PCI Security Standard compliant website.You may
access CashNet through WebTools or the link on your electronic eBill.
A non-refundable fee of 2.75% of the total amount changed on the credit
card will be applied to the transaction. No fee will be charged for ACH
transactions.
A finance charge of 1 % per month (12 % per annum) will be added to all
balances past due. Should it become necessary to forward this account
for collection, the student will be responsible for all additional fees.
To avoid service charges you may pay online the same day that tuition is
due. If you have a hold on your account, paying online will remove the
hold and you will be allowed to register.
Registration for classes at Saint Mary’s University of Minnesota indicates
acceptance of this tuition payment policy. All students enrolled at Saint
Mary’s University of Minnesota are expected to pay each semester’s
tuition in one of these ways:
Employer Reimbursement
Students whose employers reimburse their tuition costs need to file a
tuition reimbursement form and their company’s policy with the Office of
Student Services on the Twin Cities campus. Students are required to
submit a tuition reimbursement form once per academic year. Forms are
available online at www.smumn.edu/sgpp. Students who have a company
reimbursement form and policy on file with Student Services will have 30
days after the end of the semester to pay their bill. Students waiting for
reimbursement will not be required to pay service charges until 30 days
after the end of the semester.
A student choosing to also use financial aid must notify the Financial Aid
Office regarding this outside funding source. Financial aid is applied to
the student’s account balance and will not be refunded if the student is
waiting on other funding.
Military Personnel and Veterans Benefits
The Office of Student Services processes Montgomery G.I. Bill, Federal
Tuition Assistance, Minnesota State Tuition Reimbursement, and the
Minnesota G.I. Bill Scholarship. Students that are enrolled at Saint
Mary’s University that are eligible for Department of Veterans
Administration benefits should contact Student Services regarding
application of these benefits for their program.
Students who have benefit forms on file with Student Services will have
30 days after the end of the semester to pay their bill. Students waiting for
benefits will not be required to pay service charges until 30 days after the
end of the semester.
A student choosing to also use financial aid must notify the Financial Aid
Office regarding this outside funding source. Financial aid is applied to
the student’s account balance and will not be refunded if the student is
waiting on other funding.
Financial Aid and Scholarships
Degree-seeking students who are enrolled at least half-time may be
eligible for financial aid. Students wishing to use financial aid must
complete a Free Application for Federal Student Aid (FAFSA) as soon as
possible. Additional information regarding financial aid can be found at
www.smumn.edu.
Student financial aid award packages will include the Federal Stafford
Loan products, if eligible. Upon successful completion of the application
and guarantee process, loan proceeds will be credited directly to the
student’s tuition account. If a credit occurs on the tuition account as a
result of the student loan, a refund of that credit will occur within 10
business days.
Undergraduate students may be eligible for the Federal Pell Grant and/or
the Minnesota State Grant. Grants will be applied to the student’s tuition
account at the midpoint of the semester. If a credit occurs on the tuition
account as a result of the grant, a refund of that credit will occur within
10 business days.
Students receiving outside scholarships must contact the Financial Aid
Office immediately upon notification of the scholarship award. Outside
scholarships will be credited to the student’s tuition account after the
student has completed all procedures requested by the outside agency
and the university has received the funds.
Saint Mary’s offers a limited number of scholarships annually. Information
regarding those scholarships will be announced in the Schools of
Graduate and Professional Programs newsletter. Additional information
regarding scholarships can be found at www.smumn.edu.
Students whose financial aid award package does not cover the
university determined cost of education should contact the financial aid
office to receive information on alternative loan options.
Tuition Refund Due to Course Withdrawal
Students who do not notify the university of their intent to withdraw from
a course will result in an unauthorized withdrawal from the course. See
course drop/withdrawal policy for tuition refund schedule.