Tuition Payment Options

Payment Policy for Part-time Students

At the time of registration, a part-time student must make arrangements for paying tuition and fees. The student may either pay for the course in full, have financial aid to cover the amount due, or participate in either the deferred payment plan or the tuition reimbursement payment plan. The details of the two payment plans are discussed below.

Tuition Reimbursement Payment Plan for Part-time Students

Students who receive tuition benefits from their employer may be eligible to participate in Misericordia University’s Tuition Reimbursement Payment Plan. Generally, this payment plan permits tuition and fees to be paid up to 30 days after the issuance of grades instead of at the time of registration for the course. The requirements of the plan are as follows:

• Only part-time students are eligible.
• A tuition reimbursement letter from the employer must be on file prior to registration and must be updated annually. The letter must state the terms of the benefit.
• Students must keep the original invoice and final grades for employer verification. Duplicate invoices and grade sheets will not be issued.
• It is the responsibility of the student, not the employer, to ensure that payment is made within the 30 day period. Students who fail to make payment within the 30 day grace period may be removed from the tuition reimbursement payment plan.
• The 30 day grace period does not apply to graduating students. Tuition and fees must be paid prior to graduation.
• Students who are receiving only partial tuition benefits must make arrangements to pay the costs that are not covered by the employer at the time of registration.

Deferred Payment Plan for Part-time Students

Misericordia University provides an option for students or parents to pay tuition, fees and other charges on a deferred payment plan. The plan permits educational costs to be spread over a period of time. The requirements of the plan are as follows:

• Only part-time students are eligible.
• A down payment of 20 percent of the total term/semester charges is required before the start of classes.
• Deferments are limited to one term/semester; the unpaid balance must be paid before final examinations for that term/semester. Failure to pay charges in full before final exams may result in loss of credit for the term/semester.
• At the close of each month, the unpaid balance will be charged a one percent finance charge.
• Students who fail to meet their deferred payment obligations will be dropped from the plan.
• Participants in the plan must sign and receive a copy of the deferred payment plan.

Tuition Payment Plan for Full-time Students

Full-time students may arrange to pay all or part of their college costs in monthly installments. A $50 annual fee is charged to cover the processing of payments. Students must be enrolled in the installment plan prior to the start of the academic year. Students may enroll at Tuitionpay.salliemae.com.

Credit Card Payments

Misericordia University accepts VISA, MasterCard, and Discover credit cards for payment of tuition and fees.

Finance Charge

It is a university policy that any outstanding balances will be charged a one percent finance charge at the close of the second month of the semester and each month thereafter. Finance charges are waived for the following students:

• Students enrolled in the Sallie Mae TuitionPay Program (see Tuition Payment Plan for Full-Time Students).
• Students who receive rehabilitation benefits or veterans’ education benefits.
• Part-time students who participate in the tuition reimbursement payment plan.