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Payment Options

Payment Options

At Lourdes, we want to make paying for your education an affordable investment that works with your family's budget. Below is a description of payment options available to you.

Traditional Payment Plan

Payment is due in full for each semester prior to the start of classes. Payment due dates are as follows:

  • Summer semester – May 20
  • Fall semester – August 1
  • Spring semester – January 2

The following payment methods are offered:

  • We accept cash, personal check, MasterCard, Visa, American Express, and Discover.(Credit card payments are subject to a 2.5% convenience fee per transaction.)
  • Online payment is available for credit or web check payments.(Credit cards are subject to the same fee above; web checks are subject to a flat $3 per transaction fee.)
  • Many families choose to secure loans for the balance. For example, parents may choose to secure a parent PLUS loan. This loan will pay Lourdes in full and your payments will be made directly to the lender. Further information regarding this option can be obtained from the Financial Aid Office.

Extended Payment Plan

This payment option divides the balance due for each semester into 5 smaller payments (2 for summer semester). Payments for each semester are due on the 20th of the following months:

  • Summer semester – May, June
  • Fall semester – July, August, September, October, November
  • Spring Semester – December, January, February, March, April

Lourdes University asks that you return the payment agreement form prior to the beginning of the semester to declare your payment intentions.  Failure to do so will result in a $50 late financial registration fee assessed to your account. You can print this form from the web by going to Lourdes.edu/New & Future Students or Current Students/Bursar/Convenient Payment Options/Payment Forms.

The payment plan option divides the balance due for each semester into 5 equal payments.  If the full installment amount is not received by the due date, a $25.00 late fee will be assessed for the month.  If any changes affecting the amount owed occur (i.e. changes in enrollment, meal plan selection, etc.), it is the responsibility of the student to make appropriate arrangements with the Bursar's office to adjust their monthly payment and keep their account current.

When completing this form, please remember there are fees attached to the Direct Loans offered which may alter the balance due.  If you would like help calculating the net disbursement, please feel free to contact the Bursar’s office by email – bursar@lourdes.edu or stop by the office or phone 419-824-3695 during regular business hours Monday – Thursday (9:00 – 5:30) or Friday (8:00 – 4:30).    

The completed form must be returned to the Bursar’s office, emailed to bursar@lourdes.edu or faxed to 419-517-8921.

Residential students:  Failure to return this form by August 1 could cause unnecessary delays on move-in day.  In addition, failure to adhere to the payment option chosen will prevent registration for future semester(s) and may be cause for suspension of the meal plan and/or removal from student housing until the account is current.    

Financial Aid

If financial aid information is not on file by the first day of the semester, a $50 payment plan fee is added to the account and monthly billings are sent until the bill is paid in full. If financial aid does not cover all charges, the student may use either self pay option to pay the balance. If financial aid is in excess of the charges, a refund will be processed when application of financial aid creates a credit balance.

Holds

Failure to make timely payments on an outstanding balance results in a hold being placed on the account. This hold subsequently affects future registrations, transcripts and diplomas. Students are encouraged to contact the Bursar’s Office to discuss the balance and pursue arrangements for payment.

Freeze Date Information

If a student withdraws: Tuition & Fees Charged Tuition & Fees Refunded
Before freeze date 0% 100%
After freeze date 100% 0%

Any student who wishes to withdraw should contact their Advisor, who will initiate the written withdrawal notice for the student to submit to the Registrar’s Office. Withdrawing does impact a student’s account. Return to Title IV calculations must be calculated when a student receives federal financial aid. These calculations determine how much of the federal money a student earned and how much must be returned to the federal funding agencies. Additional information is available by contacting this office. 

15-Week Semester Refund Policy

FALL 2012-13  
Standard courses & accelerated session I  
Through September 1
100% refund
On or after September 2
0% refund
Accelerated session II  
Through October 24 100% refund
On or after October 25 0% refund
SPRING 2011  
Standard courses & accelerated session I  
Through January 28
100% refund
On or after January 29
0% refund
Accelerated session II  
Through March 26 100% refund
On or after March 27 0% refund

FINANCIAL AID REFUNDS ARE PROCESSED WITHIN 7 – 10 DAYS AFTER THE FREEZE DATE.

Tax Information: Form 1098T

To comply with IRS rules, Lourdes has chosen to report qualified expenses billed and related scholarships/grants during a tax year. However, this could be confusing to the taxpayer.  For students who register in the fall for the upcoming Spring term, the billing dates will fall in a different tax year than the actual dates of attendance. Therefore, if you registered in Fall of 2011 for the Spring 2012 semester, the charges will be reported for tax year 2011.

Since we cannot credit scholarships/grant to your account prior to the beginning of a semester, the amount of scholarships/grants reported will be reported in the tax year of the actual attendance for a semester (e.g., Spring 2012 registration reported in tax year 2011 but scholarships/grants reported in tax year 2012). Please share this information with your tax preparer.

 

Contact and Hours

Bursar's Office
St. Clare Hall 143 
419-824-3695

Office Hours
M– Th: 9 a.m. - 5:30 p.m.
F: 9 a.m. - 4:30 p.m.
Sat: by appointment

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Member of the Sylvania Franciscan Village