Student Accounts: Business Office
Student accounts are handled by Lisa Wolf and Ursula Grzesiuk in North Hall. We produce the statements and work with families on payment issues. Financial Aid questions (grants, scholarships and loans) should be directed here.
Parent Portal is available!
Students now have the ability to grant permissions to parents, guardians, grandparents, etc. to access the student’s account, financial aid or academic records. Permission can be granted to one or all areas and can be changed or cancelled at any time.
In order to establish permissions, a student should log into their My.LakeForest portal and select the ‘Student’ tab, then “Privacy Permissions’ from the left-hand column and then ‘Define New Permissions’.
A step-by-step How-to Guide is listed below:
Please feel free to contact the Business Office for more information.
Spring 2014 Semester Information
*Payments for Spring are due January 2, 2014*
Returning students must have their account in good standing in order to be eligible to register for future semesters. Any accounts that are not current and in good standing will be placed on ‘hold’ and must be cleared by the Business Office.
Students with registration holds will be assessed a $40 late fee and must come into the Business Office and make payment arrangements. Students with holds on their registration who do not clear the hold by January 28th with payment or a payment arrangement will be assessed further late fees and may have their classes canceled. This includes students with permission to return late.
Students who are not returning in the Fall need to notify the Dean of Students office, in order to avoid penalties on their student account.
2013-2014 Academic Year Billing Cycle and Due Dates
For Spring 2014, payment is due in full by January 2nd unless you are enrolled in, and current with, the Forester monthly Payment Plan (FPP). Payment in full and on time insures that you keep your chosen classes and prevents fines for delinquent payments. Please remember – while returning students pre-register in the spring, your registration is not confirmed until you complete your financial obligations.
Payments for new or transfer students are also due January 2, 2014
Real-time account information is available online on my.lakeforest. Students can access these accounts at any time.
Statements are mailed on these approximate dates:
|June 10, 2013||Preliminary Fall Semester statement|
|September 16, 2013||Updated Fall Semester statement including amounts for course overloads and bookstore charges.|
|November 19, 2013||Preliminary Spring Semester statement|
|February 4, 2014||Updated Spring Semester statement including amounts for course overloads and bookstore charges.|
|March 17, 2014||Any unpaid balances will be placed on hold and will prevent room selection for Fall 2014.|
|April 30, 2014||Any outstanding balance will prevent release of transcripts, diploma and could possibly prevent participation in graduation ceremonies.|
Interim statements are mailed as additional charges are added, such as parking tickets or library fines. Any outstanding balances are issued a final bill at the end of April.
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 submit a written request to the Business Office or stop by and fill out an address form for the additional “billing address.”
Methods of Payment
Payment is expected either in full 14 days before registration, or over a 5-month payment cycle each semester if enrolled in the Forester Payment Plan.
Payment in FullPayments can be made in person in the Business Office in North Hall, through regular mail, by wire transfer or by electronic funds transfer from your bank account online.
All payments should be mailed to:
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.
Please call the Business Office for instructions: 847-735-5031
Remember to identify the student’s name and/or ID number in the advice section.
Forester Payment Plan (FPP) for Spring 2014 is available.
Please visit www.lakeforest.afford.com to enroll.
Families interested in paying on a monthly basis should enroll online. There is a $50 fee for the semester plan. No other interest charges will be applied. Starting and ending dates for the semester plan are December 15th and April 15th. After January 2nd, you can still sign up by making the past due payments and enrolling for the remainder of the semester.
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, net of any fees the banks charge. After registration is final each semester, the institutional and federal grants are disbursed. At that time, the preliminary status loans and outside scholarships “disappear” and are applied to the account when the proceeds are actually received.
Remember that your family contribution as shown on your award letter from Financial Aid does not include the extra cost of a single room!
Also, work study funds will not appear on your statement as a credit. You 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. If you need to arrange student payroll deductions to make payments toward your bill, please call our office.
There are two situations in which you can charge books and supplies on your tuition account.
- The first is when there will be an anticipated refund due to you after all payments and financial aid is applied. This type of voucher is administered by the Business Office.
- The second type of voucher is given by the Financial Aid Office and is dependent upon financial need.
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 be officially notified of the withdrawal by the Office of Student Affairs before this can happen. All withdrawals from the College are processed through the Dean of Students.
- Deposits for graduates are returned at the end of May.
Review Your Account
Review your tuition and fees account through my.lakeforest, a username and password are required. Real-time account information can be received by selecting the ‘Students’ tab then ‘My Account’ and ‘Click to Generate Statement’.