Business Office > Student Accounts

Online Enrollment for the Forester Payment Plan
You may enroll online for the College's interest-free monthly payment plan.  You may also make one time payments for amounts due.  Choose Pay Online for more information.

Web Access for Student Billing Statements
Use the link for "My Account" on the left to access your student billing statement.  In order to access this secure site, you will need to enter the student username and password.

Important Billing Information
The College’s academic catalog on the Web details the policies regarding payments and fees.  Please refer to this source for many of your questions.  Below we will address some of the same issues, although more informally. 

Billing Cycle and Due Dates
For Fall 2008, payment is due by August 15th.  Payment is due in full 14 days prior to registration, unless the student is enrolled in the Forester monthly Payment Plan.   Payment in full and on time insures that the student keeps his or her chosen classes and prevents fines for delinquent payments.   Please remember – while returning students pre-register in the spring, their registration is not confirmed until they complete their financial obligations and pick up their schedule at the beginning of each semester.

Bills are available online. Statements are mailed on these approximate dates:
 

July 6 fall semester charges 
October 1 statement for fall semester
November 21 spring semester charges
February 1 statement for spring semester
March 1 unpaid balances will prevent room draw
April 1 unpaid balances may prevent participation in graduation

Interim statements are mailed as additional charges are added, such as parking tickets or library fines.  Any outstanding balances are billed in June. 

Student Mailing Address for Billing Purposes
Statements are mailed to the student's "legal home permanent" address.  If you would like the bills mailed to an additional address, the student must come into the Business Office and fill out an address form for the "billing address". 
 

Methods of Payment
Payment is expected either 1) in full 14 days before registration, or 2) over a 5-month payment cycle each semester if enrolled in the Forester Payment Plan.

  • 1) Payment in Full
    Payments can be made in person in the Business Office in North Hall, through the mail, by wire transfer or by electronic funds transfer from your bank account. 
     
  • 2) Forester Payment Plan (FPP)   Families interested in paying on a monthly payment plan can enroll online beginning July 2008. This plan is only available for electronic funds transfer from your checking or savings account from most banks in the U.S. There is a $60 annual fee and no interest charges. Starting and ending dates are July 1st and April 1st. Families without Web access should call the Business Office at 847-735-5031 to enroll in the plan.

Matriculation Deposits
When students leave the College, whether by withdrawal or graduation, the Business Office will return the Matriculation Deposit by check, net of any charges left on the account, to the student at the home address.  The Business Office must have been officially notified of the withdrawal by the Office of Student Affairs before this can happen.  Deposits for graduates are returned at the end of May.

Financial Aid
Until registration, all financial aid is applied in preliminary status only.  You will see your anticipated loan proceeds on your statement during this preliminary time.  After registration is final each semester, the institutional and federal grants are disbursed.  The loans and outside scholarships will not be applied to the account until the proceeds are actually received.

Remember that your family contribution does not include the extra cost of a single room!  The family/student contribution does include any earnings from the work study allocation.  These funds will not appear on your statement as a credit.  The student may use paychecks from a work study job for books and expenses, or may turn the check over, in whole or in part, to pay tuition and fees.

Bookstore Vouchers
There are two situations in which a student can obtain the right to charge books and supplies to his or her tuition account.  The first is when there will be an anticipated refund due the student after all payments and financial aid is applied.  These are administered by the Business Office.  The second type of voucher is given by the Financial Aid Office and is dependent upon need.

Emergency Loans
Emergency loans are approved by the Business Office for a maximum of $400.  The approved loan is presented to the Cashier in order to obtain the funds, and the payments are made to the Cashier.  Any unpaid student loans are placed on the student’s account at the end of the semester with a penalty of $25.  Loans are subject to interest charges and are only approved under specific situations.

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Tina Cowan
Director of Student Accounts
847-735-5031

 

 

Mailing Address:
Business Office
Lake Forest College
555 N. Sheridan Rd.
Lake Forest, IL 60045
Remember to identify the student’s name and/or ID number on the check.


Wiring Instructions:
Please call Tina for instructions
Remember to identify the student’s name and/or ID number in the advice section.  Calling or e-mailing us to notify that the funds have been sent will expedite credit to the student's account.

Review Your Account
Review your tuition and fees account through MyForester, the College’s intranet that requires a username and password.  Once the statement is retrieved, the student has the option to print it or to e-mail it to a parent or guardian.   You can also get a copy of your account from the Cashier.