Tuition and Fees

Payment of Fees

Tuition and fees for the current academic year are available at: http://www.loras.edu/financial-aid/.

Specific information on the fees and refund policy associated with May term are available at https://www.loras.edu/academics/mayterm/may-term-details/#. May term courses have separate policies for schedule changes and refunds.

All fees are billed by the term and become an obligation at the time of registration for that term. Statements will be published online for all registered students in early July for the fall term, early December for the Spring and May terms, and in early May for the summer term. By registering for classes, the student is automatically enrolled in a monthly installment payment plan for the fall and spring terms. Continued enrollment at Loras College is conditioned on the acceptance and understanding of the Terms and Conditions of the payment plan. It is important that the student understand the Terms and conditions which apply to the payment plan and agree to be bound by the terms. To view the terms and conditions statement for the payment plan, visit the online student account system, select Installment Payment Plan Details, View Agreement. Payment of all charges not covered by financial aid or loans is due by August 15 for the fall semester, December 15 for the spring semester (includes May term fees), and June 15 for the summer term. Loras College also offers an option of paying in four installments per semester during the fall and spring semesters. Details about the payment plan option are sent to registered students in July and November each year. A $50 nonrefundable service charge is assessed each month to those who do not fulfill their monthly payment requirement.

Section 103 Compliance Policy

Loras College abides by Section 103 of the Veterans Benefits and Transition Act of 2018. In the case where a student is a Chapter 31 or Chapter 33 student and his/her tuition funds are paid by the U.S. Department of Veterans Affairs, the College will abide by the following guidelines:

Loras College will not impose any penalty including: 1) the assessment of late fees; 2) the denial of access to classes; 3) libraries or other institutional facilities and /or 4) the requirements that a Chapter 31 or Chapter 33 recipient borrow additional funds to cover the individual’s inability to meet his or her financial obligations to institution due to the delayed disbursement of a payment by the U.S. Department of Veterans Affairs.

Student Account Refund Policy:
Once registered at Loras College, a student assumes the responsibility for the payment of all tuition and fees. If plans change and the student needs to withdraw from the College, the proper paperwork must be completed with the Academic Success Coordinator. The process for officially withdrawing from Loras College is outlined in the current Undergraduate Bulletin and Graduate Bulletin. Students should refer to the bulletin that is appropriate for their status.

An undergraduate or graduate student who withdraws from Loras College may receive a full or partial refund (credit) for tuition, fees, housing, and meal plan.

Students who drop a semester-long course during the first week of the fall and spring terms will receive a 100% refund of tuition and course fees. Students who withdraw from a semester-long course after week one are subject to the following refund schedule:

Week 2- 75%
Week 3- 50%
Week 4- 25%
Week 5- No Refund

Students who withdraw from a 7-week course are refunded on the following refund schedule:

Students who withdraw during the summer term are refunded on the following refund schedule:

Class Day 1- 100%
Class Day 2- 75%
Class Day 3- 50%
Class Day 4- 25%
Class Day 5- No Refund

Students who withdraw during the May term are subject to the May Term policy.

All students should take particular note that tuition charges create a personal debt to the College. Loras College proudly partners with GradGuard to offer tuition insurance. The Tuition Protection Plan can reimburse up to 100% of your non-refundable tuition and housing costs if you need to leave school for a covered illness, psychological condition, or injury.

The withdrawal date recorded on the student’s official Loras College record will be determined by the Registrar’s Office using the date the student provided official notification, in writing, of their intent to withdraw from Loras College. An unofficial withdrawal occurs when a student leaves the College without notice. For unofficial withdrawals, the student’s last date of attendance in a class will be used to determine the official withdrawal date.

Noncredit-Bearing Programs Refund Policy:

Students who withdraw from the Certified Financial Planning Certification Education program will receive a full refund up to five days after the first day of the start of the session. Students who drop out on day six of the session or anytime thereafter will receive no refund and will be financially responsible for the full cost of the program.

Students who withdraw from the Cybersecurity Bootcamp will receive a full refund up to two weeks (fourteen days) after the first day of the Bootcamp. Students who drop out on day fifteen of the program or anytime thereafter will receive no refund and will be financially responsible for the full cost of the Bootcamp.

Students admitted into any of the Coursera Professional Certificate programs may receive a 100% payment refund up until two weeks (fourteen days) before the first day of the semester. Any payment received within two weeks of the start of the semester is non-refundable.

Military Withdrawal and Refund Policy:
Students or their spouse, when either has a dependent child, called to active duty during a current academic term will be withdrawn from all or a portion of the student’s registration and will receive a full refund of tuition and mandatory fees the school has assessed for courses from which the student withdrew. The student must make arrangements with the Registrar’s Office for grades or for incomplete grades that will be completed at a later date. For those courses unable to be continued at a later date, students will have no negative academic or financial consequences as a result of this withdrawal. While military students are enrolled at Loras College they are not assessed monthly service charges for delayed VA payments. The Office of Financial Planning will do all it can within the defined limits of Federal Regulations to benefit the student’s financial aid status. Any textbooks purchased from the Loras College Barnes and Noble bookstore can be returned for a refund as long as they are in sellable condition.

In some cases, a student may have a Business Office Registration Hold based on the following:

• Fall Registration Hold - This hold will take effect when registering in the spring for the coming fall semester. All students must have a balance of $500.00 or less in order to register from one year to the next. If the student’s balance is not below the $500 minimum, ALL registrations will be CANCELLED, including classes, housing, meal plan and any/all other college registrations.
• Spring Registration Hold - For the fall to spring registration, the College does not generally require a fully paid bill; however, if no payments have been made to that date, the student is not current on their payment plan, or a significant outstanding balance exists, the College reserves the right to hold the student’s registration for the upcoming term.

Students who have a delinquent account or are not current on their payment plan (for registered students) may not obtain a transcript or a diploma until the account is paid in full. Also, transcripts will not be issued to a student if the student is in default on loans.

For further information about the tuition, fees and refund policy please contact the Director of Student Accounts in the Business Office.

Insurance

Loras College does not carry insurance on personal property of faculty members, students or workers, and is not responsible for the loss or damage of such property. All students participating in study abroad trips sponsored by Loras College are required to have accident and health insurance coverage, which is normally purchased by the College on behalf of participants.

Protect your school payments

Helping you get the most out of your Loras College experience is always our top priority. That’s why we’ve partnered with GradGuard™ to offer Tuition Insurance.

The Tuition Protection plan is like an extension of our refund policy. It can reimburse up to 100% of your nonrefundable school costs after a midsemester withdrawal for a covered illness, injury, psychological condition, and more protecting your investment in higher education.

Tuition insurance is completely optional. The agreement you enter into is with GradGuard, not with Loras College.

Preview the video below to learn more about GradGuard tuition insurance. https://www.youtube.com/watch?v=F1Dk6LE9QZs

For additional questions or to get a quote on the Tuition Protection Plan, call 1.866.724.4384 or visit GradGuard.com/tuition/loras