Academics

• 2008-09 Tuition and Expenses
• Student Accounts

College Catalog > Undergraduate Tuition and Expenses
2008-09

Financial Policies
All tuition and fees are due 14 days before registration unless enrolled in a monthly payment plan. Registration will not be permitted if payments are not up to date. Any extensions granted due to pending financial aid awards or due to loans will expire 45 days after the first class day. Diplomas and official transcripts are withheld from students and alumni who have not met their financial obligations to the College. The College reserves the right to cancel registration and evict students from residence halls and the board plan if their accounts are in arrears and to exclude a student with significant financial obligations to the College from participating  in graduation ceremonies.

Payment Procedures
Statements are issued in the student’s name  and mailed to the home address. Students may supply the Business Office with an additional billing address.

Two payment procedures are available:

Standard Plan
Full semester charges due 14 days before  registration.

Forester Monthly Payment Plan
This monthly payment plan allows families to spread all or part of the annual expenses over 10 interest-free monthly payments. There is an annual enrollment fee and payments begin June 15. Enrollment by August 15th will qualify the student for registration, but past due payments must be made up.  Information on the payment plan is available in the Business Office. There is a 5-month plan for second-semester students beginning November 15.

Deposit
A $300 deposit is required of all new students. Of this amount, $200 will be refundable only after the student withdraws or graduates from the College, net any outstanding debts owed to the College.  $100 will be applied toward the orientation fee.  If the student does not register in the fall, the $300 is forfeit.

Student Health Services Fee
On-campus health services are provided for  all resident and nonresident undergraduate  students in a degree program, excluding Degree Candidacy Pending students. The semester fee of $80 is mandatory and nonrefundable.

Student Health Insurance Fees
Health insurance coverage is required of all undergraduate resident and nonresident students who are enrolled at least half time, excluding DCP students. The College provides a limited coverage plan for 12 months at a cost of $940 ($630 for second semester only). Brochures outlining the plan and the benefits are available from the Business Office or online.

All applicable students are automatically charged the full amount  for the student health insurance coverage. Students may waive the plan if other coverage is carried. Waivers must be filed with the College’s insurance broker over the Web by registration day for cancellation of charges. Foreign students who are not permanent U.S. residents must document comparable coverage through a U.S. insurance carrier.

Students studying abroad are required to have medical evacuation and repatriation coverage. Separate monthly foreign study plans are  available through the College for students not covered by the College student health insurance plan including through the Council on International Educational Exchange (C.I.E.E.) International Identity Card.

Activity Fee and Senior Class Dues
The College collects an activity fee of $115 per semester assessed by student government for its use. All resident and nonresident undergraduate students are charged the activity fee, which is mandatory and nonrefundable. Additionally, the College collects a one-time nonrefundable senior dues assessment billed the semester prior to graduation. The dues are used by the Senior Steering Committee for graduation activities. Senior dues are $65.

Normal Course Load
A normal course load for undergraduate non- DCP students is four courses, but any combination of courses ranging from three to four and one-half credits is regarded as a full load and regular full-time tuition applies. There are no refunds for course load changes within this range of credits. Any reduction below three credits must be approved by the Office of Student Affairs.

Undergraduate students registering for fewer than three credits per term with the permission of the Office of Student Affairs will be charged at the per-course rate. The per-course rate will also apply for special students who are not degree candidates or whose degree candidacy  is pending for fewer than three credits.

Course Overload Charge
Students who are registered for an on-campus course load in excess of four and one half credits in a given semester will be charged for the additional credits or fractions of credits.

Students enrolled in Music 107, 108, 109, and 110 will be exempt from the quarter credit overload charge, if approved by the Music Department.

Students who received Dean’s List distinction at Lake Forest College during the previous year may take one extra course during the following year without charge, subject to certain limitations.

Other Charges and Fines
Students studying abroad will be charged applicable fees as determined by the individual program. See the Coordinator of Off-Campus Programs for the current per-program tuition rate. Regular refund policies apply to study-abroad programs. There is a non-refundable administrative fee of $250 for students who are applying their financial aid to a program through a consortium agreement, in addition to any program fee or deposit required by the selected program.

Students will not be charged a fee for credit by examination (for a subject that is not covered by advanced placement tests) if such credit is established during the fall term of the first year.

Students will be billed for bookstore charges, library fines, on-campus traffic violations, and any damage they may cause to College property.

A student who changes residential status from resident to nonresident for fall semester, and notifies the Office of Student Affairs on or after June 1 and before July 1, will be charged $200. Students notifying the Office of Student Affairs on or after July 1 will be charged $500. For a change of residency status after the first day of fall classes, per diem charges for room and board will be applied to the student’s account in addition to the fine. See the Office of Residence Life for more information.

Associated Colleges of the Midwest  (ACM) Programs
Students accepted into off-campus ACM programs are billed the Lake Forest tuition rate by the College for a normal course load. Course overloads and summer courses in ACM programs have different charge levels and policies. Program fees vary and are payable directly to the College. Required program deposits are paid directly to the ACM office. In addition to any ACM program fee or deposit, there is a Lake Forest College administrative deposit of $250, which will be applied as payment toward program expenses upon participation. If the student withdraws from the program, the deposit may be forfeited if notification is not made by the required date.

Approved Program Leave Reimbursement (APL)
Students enrolling in program leave courses at other institutions will be required to pay the full comprehensive Lake Forest College fee on the regular due date. The other institution may require payment as well. Upon acceptance of the credit by Lake Forest College, and presentation of a paid bill, the student’s account will be reimbursed by the College for actual tuition charged by the other institution, not to exceed the comparable course cost at Lake Forest College.

Interest Charges, Late Fees,  and Collection Costs
Accounts not paid in full by the due date will be assessed a late fee. The College reserves the right to cancel the registration for students whose accounts are not paid in full or on time. All payment arrangements will be subject to the monthly payment plan fee. Past-due accounts may be assessed interest at the rate of 1% per month. Unpaid balances may be turned over to a collection agency and subject to collection costs as permitted by law on the unpaid balance if no suitable repayment arrangement is made.

Withdrawals and Refunds
All refunds are payable to the student. Withdrawals from the College are processed through the Office of Student Affairs. The  official date of withdrawal is determined by that office only. There are no refunds for dismissal, suspension, or expulsion from the College and no room refunds for removal from campus housing due to judicial sanction.

Financial aid recipients who withdraw from the College after registration but still within a refund period are subject to the College’s refund policy and federal regulations. All refunds for federal financial aid are issued in accordance with current regulations. The Financial Aid Office and the Business Office will determine the appropriate resulting charges and financial aid.

Refund Policy
Prior to the start of the semester, refunds for tuition are computed at 100%, less a $100 administrative fee. Once classes have begun, refunds for reduced course load or withdrawal from the College will be computed according to the schedule below, less a $100 administrative fee.

Due to federal regulations, this policy may be subject to change; all students will be notified if and when this policy changes.