Student Payment Policies
Fall semester bills will be mailed to students' home addresses in early July; payment is due by August 5. Spring semester statements will be mailed in mid-December; payment is due by January 15.
Please review your student account statement carefully. All financial aid listed on the first statement will appear “pending,” and additional information will be provided. Please contact the following with questions about:
Telephone traffic increases significantly prior to the beginning of each semester. Though all calls are important to us, return calls may take up to two working days. For a quicker response to student billing questions, we recommend you e-mail us at email@example.com. Be sure to include the student's full name and ID number in your message.
Financial aid from the University and other sources is viewed only as supplementary to the efforts of the student and the student's family. Students requesting financial aid are also expected to contribute toward their college expenses through summer or college employment and/or loans in any reasonable combination.
A student will not be allowed to register for any subsequent terms if there is an unpaid balance on the student's account. Semester grades, academic transcripts, and diplomas are withheld from those who have not settled their financial obligations to Manchester University including, if any, collection fees attorney's fees and court costs.
Students are not fully registered, nor will they have the privilege of class attendance, participation in activities, or use of University facilities until their charges are paid or until satisfactory arrangements for payment are made through Student Financial Services. A service charge of 1.5 percent or $30, whichever is greater, may be added to any unpaid balance on the student account as of the due date. Additional service charges will be added to remaining balances as of the last working day of each month.
Payment of University Charges
All accounts are to be paid in full by August 5 for the fall semester and by January 15 for the spring semester. Methods of payment accepted include:
- Check or money order payable to Manchester University, mailed to our lock box at:
4000 Solutions Center
Chicago, IL 60677-4000
- In Person payment - Check, cash, or money order
Payments can be made Monday through Friday, 8 a.m. to 5 p.m. in the Student Financial Services office located on the lower level of the Administration building.
- Credit card
Make a payment of any amount online using a MasterCard, Discover, or American Express credit card. Please note that a convenience fee of 2.35% will be charged by FIS for the processing of online payments. Manchester University does not receive any portion of this non-refundable fee. (Click here for online payments.)
- Electronic Check
Make a payment of any amount using an e-check. There is no fee for this service. (Click here for online payments.)
- Monthly payment options - Tuition Management Systems, Inc. (TMS)
Manchester University partners with Tuition Management Systems, Inc. (TMS) for interest free monthly payments. Yearly costs may be paid over a 12, 11, 10, or 9 month equal payment schedule beginning in May, June, July, or August and ending in April. The amount budgeted to pay must equal the cost of the academic year to be considered successful. Full details are available at www.afford.com/manchester, 1-888-713-7240, or through Student Financial Services.
One-half the total amount of outside scholarships will appear on the statement for each semester.
- Federal Direct Stafford Loans
Students who complete a Free Application for Federal Student Aid (FAFSA) form are eligible for Federal Direct Stafford Loans. Maximum annual loan limits are as follows: $5,500 for first year students, $6,500 for sophomores, and $7,500 for juniors and seniors. First-year students are required by the federal government to complete an entrance counseling session and sign a master promissory note at studentloans.gov/. The U.S. Department of Education charges an origination fee which is deducted from the loan amount before the funds are applied to the student’s account. To view the current origination fee visit studentloans.gov/.
- Federal Direct Parent PLUS
The parent of a student that has completed the FAFSA may apply for a Federal Direct Parent PLUS Loan. Parent(s) will complete a separate credit based application to qualify to borrow in this program as well sign a master promissory note at studentloans.gov/. The U.S. Department of Education charges an origination fee which is deducted from the loan amount before the funds are applied to the student’s account. To view the current origination fee visit studentloans.gov/.
- Private Education Loans
After exhausting the opportunities available from the federal aid programs, many students will consider private education loans as a source of funding. (Remember there are Federal Direct Loans that may be more beneficial.) A private education loan is in the student’s name and requires a credit-worthy cosigner on the loan. Fees charged are specific to the selected lender. Contact Student Financial Services for additional information.