Financial Information

Expenses • 2008 - 2009 Academic Year*

Note: All requests for adjustments to the above meal plans (refer to The Student Handbook) must be made to the vice president for student affairs administration or his designee. These requests must be submitted no later than the second week of classes.

* Tuition, room and board, and special fees are subject to change each academic year.

** Tuition is based on a regular course load. (See Academic Policies , Credit Hour Requirements.) Extra course charges may apply for additional courses. (See Special Fees.)

Deposits

Special Fees 2008-2009 Academic Year*

All fees are payable in full and in advance at the Office of the Bursar on or before August 15 for the fall semester and on or before December 15 for the spring semester. If your student account is not paid by August 15 for the fall semester and December 15 for the spring semester, the account will be assessed a $100 late fine.

For all personal checks over $500 received within 10 days of registration, the account will remain on financial hold for 7 days pending clearance of funds by the bank, and your account is put on financial hold. Holds will be removed immediately with payment of a certified or bank check, money order, or wire transfer only. Financial holds suspend the right of a student to register, make a housing deposit, receive a degree, grade reports, transcript, or letter of recommendation. In view of the continuing rise in the cost of living and the cost of College services, students are advised that the College may find it necessary to increase charges whenever such action is deemed necessary.

Checks should be made payable to: Providence College

Providence College Monthly Payment Plan

As an alternative to payment in full at the beginning of each semester, Providence College offers an optional payment program for those who wish to pay monthly.

Under this program, families may budget their educational expenses in 10 equal installments (beginning June 1 and ending March 1), eliminating one large payment prior to each semester. Tuition, room, board, and fees for the upcoming academic year may be budgeted under this plan.

An $85 application fee includes automatic life insurance coverage and monthly billing statements. There are no interest charges.

Information and application forms for this program are mailed to all students in May. For more information, you may contact the Office of the Bursar at 401.865.2284 or write to Providence College, Office of the Bursar, 549 River Ave., Providence, RI 02918.

Each student is required to choose one or the other payment option prior to the start of each academic year. No other arrangements are allowed.

Resident Students

The housing contract for resident students is binding for the entire academic year. Students residing in an apartment complex are charged a room fee and may elect any meal plan offered by the College. Apartment complexes are equipped with full kitchens with the exception of a garbage disposal and microwave. Students are responsible for providing their own cookware, eating utensils, and cleaning supplies. Students residing in the traditional halls or suites are required to purchase at least a minimum meal plan as prescribed by the College. The contract for room and board terminates 24 hours after one’s final examination in May. However, exemptions may be granted by the Dean of Residence Life or his or her designee.

In the apartment complexes, suites, and traditional halls, rooms are fully furnished. Students are responsible for bringing their own linens, pillows, blankets, and personal items. The apartment complexes, suites and traditional halls follow the academic calendar and are closed during the vacation periods. Any exceptions to the aforementioned must be approved by the Dean of Residence Life or his or her designee.

Collection

In the event a student is in arrears as to any monies due and owing to the College at anytime during matriculation, graduation, withdrawal or upon dismissal, the College reserves the right to collect these funds in a manner which may result in additional collection/legal fees and costs.

Withdrawals and Refunds

A student who, for any reason whatsoever, withdraws from College during the semester, must immediately notify in writing the Office of the Dean of Undergraduate Studies and state the reason for withdrawal. Refunds of tuition, room, board, and fees will be made according to the following schedule. In all cases, the official withdrawal date is the date the written notification is received by the Office of the Dean of Undergraduate Studies, and this date affects all financial calculations in determining refunds, if any.

Written withdrawal notification received by the Dean in the:

*This week may be less than 5 calendar days.

Return of Title IV Funds

Providence College is required by federal and state regulations to make known the following information to financial aid recipients: Upon withdrawing from the College during the first 60 percent of the enrollment period, a student earns Title IV funds in direct proportion to the length of time he or she remains enrolled. That is, the percentage of time during the period that the student remains enrolled is the percentage of disburseable aid for that period that the student earned. Again, written withdrawal notification serves as the date of a withdrawal. A student who remains enrolled beyond the 60-percent point earns all aid for the period.

Example of Return of Title IV Funds Calculation:

A student officially withdraws from the College in the fourth week or on the 22nd day of the semester. The semester is defined as 15 weeks x 7 days per week or 105 days. The student’s total financial aid package is:

Formula:

Step One:

22 days - 105 days in enrollment period = 21% of enrollment period completed. Percentage of aid earned = 21%.

Step Two:

$7,059 total aid x 21% = $1,482 total aid earned.

Step Three:

$7,059 total aid - $1,482 total aid earned = $5,577 total aid unearned.

Step Four:

$5,577 unearned aid to be returned to Title IV funds.

Refund Distribution

Prescribed by law and regulation

1. Unsubsidized loans
2. Subsidized loans
3. Federal Perkins Loans
4. PLUS Loans
5. Federal Pell Grants
6. Academic Competitiveness Grant
7. National Smart Grant
8. Federal SEOG

Banking Facility

Two automatic teller machines (ATMs) for the convenience of the students are located on the ground floor of the Slavin Center.

PC Card and PC Cash Account

The PC Card is the College’s identification card and much more. The PC Card is also a meal card, a library card, an access card to residence halls, a means for tracking attendance, and a safe and convenient way to make purchases on campus.

The PC Cash Account is a debit account used to make purchases at locations throughout the campus including the bookstore, Jazzman’s Café, the Davis Convenience Store, and vending and copy machines. For more information, contact: 401.865.CARD (2273) or visit www.providence.edu/pccard for links to the PC Card page.