General Information

The Optional CAF Fee (co-curricular activities fee)

All full-time students, including those registered for off-campus programs, are charged a CAF Fee. Payment of this fee entitles you to free or reduced admission to events, such as concerts and speakers, sponsored by the Student Activities Council and by the Campus Programming Office. This fee is optional. If you do not wish to participate in this program, complete and return the CAF form to the Office for Financial Services by August 10, 2007. Additional information about the CAF Fee is found on the form.

The Enrollment Deposit

The enrollment deposit not only secured your place as a student at Luther, but it will also be used to help offset any charges that remain unpaid at the end of the academic year (for example: library and parking fines). The unused portion of the deposit will be credited to your account. This credit will be carried forward into the following year for returning students. Graduates and other non-returning students will be refunded the unused balance.

Payments On Your Student Account

Student Responsibility for Payments

Luther expects students to accept the responsibility for making the necessary arrangements to have bills paid on a timely basis. Consequently, communications concerning outstanding balances are sent directly to students, not to parents. Please pay close attention to payment due dates and other deadlines.

Schedule of Payments

In June (July for returning students), you will receive a statement of account showing your basic charges (for example: tuition and fees) and credits (for example: financial aid awarded) for fall semester. In December, you will receive a statement of account showing your charges and credits for spring semester. Paying the balance on your account can be done several ways:

• Pay by the Year—the full year’s payment is due August 10
  If you choose this option, you may use the monthly payment plan worksheet to help you calculate the amount of your payment. You do not have to return the worksheet to Luther; it is simply a tool to help you calculate your payment.
• Pay by the Semester—the fall semester payment is due August 10; the spring semester is due January 10
  If you choose this payment option, you may use the monthly payment plan worksheet to determine the amount of your payments without waiting for your statement of account. You do not have to return the worksheet to Luther; it is simply a tool to help you calculate your payment.
• Pay by the Month— Luther manages its own interest-free monthly payment plan. The monthly payment plan allows you to budget and pay for your Luther charges in 8 manageable monthly installments (July-Oct and Dec-Mar). If you would like to participate, simply complete the monthly payment plan worksheet and return it to the Office for Financial Services (please keep a copy for your records). Your first monthly payment is due July 15 . If you do not receive your financial aid award in time to begin the monthly payment plan by July 15, you may still participate by including all back payments with your first payment. Please see the worksheet for more detailed information, including the Electronic Funds Transfer (EFT) option. We encourage you to choose the EFT option because it is easy and convenient.

Other Information About Your Student Account

Work Credit Plan

Your financial aid award most likely contained work-study as one of the options to help you pay for college. In order for you to use a portion of your work-study earnings to help pay for college, you must participate in the work credit plan. Please complete the application and return it to the Office for Financial Services by June 1 (please keep a copy for your records). See the application for more details

Alternative Financing Options

The Financial Aid Office has already provided you with information regarding alternative financing options, which assist families with spreading out educational expenses over an extended period of time.

For specific information and application materials, please contact the Financial Aid Office at 563-387-1018 or 800-458-8437 ext. 1018. They will be happy to assist you in selecting the best plan for you. [Note: Most alternative loans require three weeks to process and should be done for the full year's balance. Please begin the application process early enough to have loans approved by the processor prior to August 10.]

Additional Charges

If additional charges (for example: music lessons, extra credit hour charges) are incurred during the year, you will receive a statement of account to facilitate payment of those charges.

Credit Card Payments

Luther does not accept credit card payment for tuition, room, board, fees, or other charges on the student account. However, credit cards may be used in the college bookstore.

Terminology

We use the term 'student receivable' to identify the primary account every student has for charges and credits against those charges. This term distinguishes this account from other accounts you may have, such as a monthly payment plan account or a work credit plan account.

Additional Information

For more information on charges, late fees, and refund policies, please refer to the "Cost and Financial Policies" section of the Luther College Catalog . The Office for Financial Services can be contacted at 563-387-1015 or 1-800-458-8437 ext 1015.

Next Year…

Each April, returning students will receive an email indicating new forms are available on the website. Forms are not sent out to returning students.

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