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.
Diplomas and official transcripts are withheld from students and alumni who have not met their financial obligations to the College. The College also 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.
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:
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 July 15. Enrollment after August 15 will qualify the student for registration, but past due payments must be made up. Information on the payment plan is available www.lakeforest.afford.com.
Families also have the option of enrolling in the Forester Payment Plan on a semester basis. There is a 5-month plan for fall semester which also starts on July 15. The payment plan for the spring semester begins on December 15.
A $500 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. $300 will be applied toward the student’s account. If the student does not enroll in courses, the $500 is forfeit.
On-campus health services are provided for all resident and nonresident undergraduate students in a degree program, excluding Degree Candidacy Pending students. The $117 per semester fee is mandatory and nonrefundable.
The Recreation Fee is a mandatory nonrefundable fee of $200 that is charged annually during fall semester to all Lake Forest College students, including students off campus who will be returning in the spring.
The College collects an activity fee of $145 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 $100.
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.
A normal course load for undergraduate, non- DCP students is four courses, but any combination of courses ranging from 3 to 4.5 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.
Students who are registered for an on-campus course load in excess of 4.5 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.
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 $500 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 $500. Students notifying the Office of Student Affairs on or after July 1 will be charged $750. 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.
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 $500, 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.
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.
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 payments for the loan are made to the Cashier. Any unpaid student loans are placed on your 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. Students that default on repaying an emergency loan will no longer be eligible to receive funds under the program.
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 a payment plan fee.
Accounts that have not have paid in full and have enrolled in a payment plan will be assessed a late fee each month. Unpaid balances may be turned over to a collection agency and subject to collection costs as permitted by law.
Withdrawals and Refunds
The schedule of reduced tuition and fees applies if a student completely withdraws from all courses during the semester. The date of withdrawal is determined by the Office of Student Affairs based on last day of attendance (for tuition) and date moved out of housing (room and board). All withdrawals from the College must be reported through the Office of Student Affairs. Refunds are not issued for withdrawing from individual courses.
Refunds will not be issued for dismissal, suspension, or expulsion from the College and no room refunds for removal from campus housing due to judicial sanction.
The Business Office will process any funds due after being notified by the Office of Student Affairs and after the Financial Aid Office reviews grant and loan eligibility. Please be aware that scholarships, loans, and grants may not follow the same refund percentages as the College; you should contact the Financial Aid Office for that information. 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. The Financial Aid Office and the Business Office will jointly determine the appropriate resulting charges and financial aid.
First Semester Second Semester Refund On or before: September 5, 2014 January 20, 2015 90% September 12, 2014 January 27, 2015 80% September 19, 2014 February 3, 2015 70% September 26, 2014 February 10, 2015 60% October 3, 2014 February 17, 2015 50% October 10, 2014 February 24, 2015 40% After: October 10, 2014 March 3, 2015 0%Room and board charges are refunded on a per diem basis up to and including the final date listed on the Refund Schedule. No refunds will be issued for room or board once 60% of the semester has been completed.
Over-Payments and Refunds
The second type of refund occurs when a student overpays on his/her account, usually through the receipt of loan funds needed for living expenses or books. In accordance with federal regulations, if the refund is created entirely by federal funds (title iv funds), then the school will process the refund within the time limits of federal law. Otherwise, refunds will be processed after the add/drop date, September 10 for the Fall semester. Contact the Business Office if you need to expedite this process.
Note 1: Refunds are issued in the name of the student and mailed to the home address in most cases. You must notify us if this should be handled differently.
Note 2 (for students on off-campus programs): Refunds for students on off-campus programs can be directly deposited into a bank account if the student makes arrangements with the Financial Aid Office or the Business Office.