Payment Options

For the 2011-2012 academic year, payment of tuition, room and board, fees, and all other charges are due on August 3, 2011 for the fall semester, and December 16, 2011 for the spring semester.

Payment may be made using any one of the following payment options:

• Personal Checks
• Credit Card
• Wire Transfers
• Monthly Payment Plan
• Private Student Loans
• Parent Loans

Personal Checks

Online check payments may be made online via Online Academic Resource (OAR)  using your student login, or online at www.afford.com/emmanuel (student login not required) . There is no fee charged for paying online with a check.

Checks may also be made payable to Emmanuel College and mailed to:

          Emmanuel College
          Office of Student Financial Services
          400 The Fenway
          Boston, MA 02115

A fee of $25 in addition to any late payment fees will be charged for any dishonored check. Foreign check collection fees will be charged when applicable.

Credit Card

Effective July 1, 2010, credit/debit card payments will only be accepted through Online Academic Resources (OAR) using MasterCard, Discover and American Express. Visa is no longer an option and credit card payments via phone will no longer be accepted.

Students and families who choose to make payments with a credit/debit card will be assessed a 2.99% convenience fee, which is retained by a third-party service provider. Students and families can avoid the convenience fee by paying with a check or by taking advantage of the ACH option through OAR, which allows funds to be transferred to the College from a designated bank using the bank’s routing and account numbers.

Wire Transfers

For wire transfer payments, please call 617-735-9938 or email financialservices@emmanuel.edu so that we may provide you with Emmanuel College's Account Number and ABA Routing Number.

Monthly Payment Plan

Emmanuel College offers a monthly interest-free payment plan through Tuition Management Systems , Inc (TMS). The plan offers families the opportunity to spread payments for the academic year over  a 10-month period.

Private Student Loans

If the student will be the primary borrower, we recommend that the student first apply for financial aid and borrow with federal student loans. If additional financing is needed, you may want to consider one of the loans below. These loans require a co-signer (and offer a co-signer release after a series of consecutive on-time payments) and the option of deferring payments during enrollment. A summary of loan information is below. For more information or to apply, please visit www.afford.com/emmanuel.

MEFA Student Alternative Loan

• Interest Rate: 8.29% Fixed
• Fees: 4%
• Repayment Period: 15 years
• Co-signer Release: 48 on-time payments
• Apply Online: MEFA's website
• Phone Number: 1-800-449-MEFA (6332)

Chase Select Loan

• Interest Rate: Variable Rate (3 month LIBOR plus 3.90% - 8.50%)
• Fees: None
• Repayment Period: 25 years
• Co-signer Release: 36 on-time payments
• Apply Online: Chase Select's website
• Phone Number: 1-866-306-0868.

Citibank CitiAssist Loan

• Interest Rate: Variable Rate (3 month LIBOR plus 4.75% - 11.50%)
• Fees: 0 or 3%
• Repayment Period: 15 years
• Co-signer Release: 24 on-time payments
• Apply Online: Citibank CitiAssist's website
• Phone Number: 1-800-STUDENT (788-3368).

Citizens TruFit Loan

• Interest Rate: Variable Rate (1 month LIBOR plus 3% - 13%)
• Fees: None
• Repayment Period: 15 years
• Co-signer Release: 36 on-time payments
• Apply Online: Citizens TruFit's website
• Phone Number: 1-800-708-6684.

For a list of additional lenders and their contact information, please click here.

Parent Loans

If the student’s parent will be the primary borrower, you may want to consider one of the loans below. Both of these loan programs offer fixed interest rates and the option to defer the loan while the student is enrolled at least half-time. A summary of loan information is below. For more detailed information or to apply, please visit www.afford.com/emmanuel.

Federal Parent Loan for Undergraduate Students (PLUS) Loan

• Interest Rate: 7.9%
• Fees: 2.5% *
• Repayment Period: 10 - 25 years

Note: If the parent is denied the PLUS Loan, the student may be eligible to borrow additional Unsubsidized Stafford Loan funds. The PLUS Loan is based on credit; income is not considered.

* Contingent upon making 12 on-time payments; otherwise fee is 4%.

You may apply for a Federal Direct PLUS Loan by printing the Federal Direct PLUS Loan Request Form and returning this to the Office of Student Financial Services by fax: (617) 735-9939 or by mail to:

Emmanuel College
Office of Student Financial Services
400 The Fenway
Boston, MA 02115

Once this pre-approval application has been received it will be reviewed and you will be notified of the credit decision. If you are approved, you must also complete a Federal Direct PLUS Loan Master Promissory Note.

Questions regarding the Federal Direct PLUS Loan may be directed to the Office of Student Financial Services at 617-735-9938.

Massachusetts Educational Financing Authority (MEFA) Undergraduate Loan

• Interest Rate: 7.89% **
• Fees: 4%
• Repayment Period: 15 years

** Immediate repayment, rate during repayment period.

You may apply online for this loan on MEFA's website. Or contact MEFA directly at: 1-800-449-MEFA (6332).