mySimon student handbook

Student Refunds
If you are expecting to receive a refund of the proceeds of your student loan(s), you will need to contact the Bursar’s
Office each quarter to request a refund check. You will not be eligible to receive a refund until you have completed the
promissory note(s), entrance counseling and have submitted all documents required by Financial Aid. Once all financial
aid has been credited to your student account you may request a refund. Please be advised that refunds are not issued
until the start of classes each quarter, and that the processing time for refund checks is 7-10 days. If the credit balance
on a student account is the result, in part, of an overpayment by credit card, the Bursar’s Office reserves the right to
issue a refund check or credit the credit card account. Student loans are generally issued in three disbursements.
You may contact the Bursar’s Office in one of the following ways:
Stop by our office, 330 Meliora Hall, between 9:00 a.m. and 4:30 p.m., weekdays
Call our office: 585-275-3931
Email our office: bursar@admin.rochester.edu
If you are contacting our office via Email, please provide your URID and a mailing address or let us know if you wish to
pick up your refund check.
Past Due Balances
Any prior balance due to the University should be paid immediately. Students who are determined by the Bursar’s
Offices to have a past due balance will not be able to register for the next semester until the balance is paid in full.
Activity Fee
The Activity Fee covers a variety of expenses related to a diverse set of student activities. These include support for the
Graduate Business Council, student clubs, photocopying of course material, software licenses, cap and gown rental for
graduation, university charges for student activities, etc. Several years ago Simon Business School decided to fund these
activities through a single fee rather than individual charges as we used to do and some other schools continue to do.
Full-time students are charged $175 per quarter in which they are registered, even if they are not resident in Rochester.
(Examples include: GBA 490 American Business Practice, GBA 491 Reading Course and GBA 492/493 International
Exchange Programs). Part-time students are charged $55 per quarter.
The actual expenses for the 2015-16 academic year amount to more than $175 per quarter for full-time students and
more than $55 per quarter for part-time students, as itemized below: The School will provide over $60,000 to the GBC
this academic year; Caps and gowns cost $52 per rental. It is estimated that 300 will be rented for a total of $15,600;
Photocopy charges have been estimated as follows: 400 pages per student per course at $.03 per copy or $12 per
course. Given that the School has 400 full-time and 225 full-time equivalent part-time students, a cost of $75,000 is
derived based on an average of ten courses per student per year.
Bursar Hold Information
University policy requires that students be current in payment of all tuition and fees prior to registration for each
academic term. Simon students who have a past-due balance will not be pre- registered for the next term or allowed to
register online. University policy also requires all students to submit a payment agreement prior to registration. If you
have a past-due balance, you may settle your account with the Bursar's Office, 330 Meliora Hall, 585-275-3931.
Financial Aid.
Merit-Based Financial Aid
Simon Business School awards and administers merit-based financial aid in the form of scholarships to entering full-time
MBA and MS students. Merit-based financial aid is available to part-time students studying in the Professional MBA
program (PMBA)
Scholarships
A scholarship is a tuition-waiver credit and, under current Federal tax law, is not taxable. A scholarship is applied on a