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Bill Insert for September 2008 eBill Information: eBill Your new eBill statement is ready to view. Students: To view your eBill statement: logon to Macalester’s 1600grand student portal, click on Student Life, below My Student Account click on View/Pay My Bill, click on Mac Account Suite, click on eBill. To Become an Authorized User: Students may authorize parents or other persons to become an authorized user. An authorized user may view on-line billing information and make on-line payments. Students should logon to Macalester’s 1600grand portal, click on Student Life, click on My Student Account, click on View/Pay My Bill, click on Mac Account Suite, click on Authorized Users tab, and enter information as prompted. The authorized user will receive an email with login information. Statement Information Statement Date: This is the date through which detailed charges and credits will show on your statement. Due Date: October 15, 2008. Payment for charges during this statement period are due due in the Student Accounts Office on or before this date. Any payments received after the due date will be reflected on the next statement. Previous billed balances were due on September 15, 2008. Amount Due: Amount that must be received in the Student Accounts Office on or before the due date to avoid a finance charge. Finance Charge: A finance charge of .67%per month (ANNUAL PERCENTAGE RATE OF 8%) is applied to the balance due on the 15th ofeach month. As of the 15th day of each month (or the first business day thereafter), the College will calculate the current billed balance by adding new charges to and subtracting new payments/credits from the previous balance. Previous Billed Balance: Balance due from a previous month. If the current term ends with unpaid obligations, those unpaid obligations will be reflected on future statements as a part of the previous amount due. Charges/Adjustments and Payments/Credits: The statement reflects activity on the account during the period from the last due date. The current month’s activity will be reflected on the statement with a brief description under “Transaction Description”. Health/Accident Insurance:All students are charged for health and accident insurance and are responsible for waiving out of the plans. Health insurance is mandatory. Accident insurance is optional. You must waive out of a plan before credit can be issued. Contact the Macalester Health Services Office at 651-696-6199 or go to the Health Services web site for information: http://www.macalester.edu/health/insurance.html. Work Study: Work study will be credited to the student’s account as it is earned only if it has been authorized to do so. The Student Employment Check Authorization Form to authorize this process may be obtained in the Student Accounts Office or on the Student Account web site under forms. All students must pay any balance that is owing due to unearned work study that was authorized to pay their billing account. Payment Options: Checks and money orders should be made payable to Macalester College. Please note that all paper checks received may be processed as an ACH transaction. Do not send cash. Cash payments may be made in person in the Student Accounts Office. Students/Authorized Users may pay online using a checking/savings account (no fee) or with a credit card (2.75% fee). Parents and other persons may be set up by the student to be an Authorized User on the account. Semester Payment Plan: Under the Semester Payment Plan, payment must be received on or before August 15th for fall semester and on or before January 15th for spring semester. Any additional obligation incurred during the semester will be billed and due as noted on the statement. If payment is not received by the due date, a validation hold may be placed on the account, finance charges may be assessed, and transcript requests will be denied. Installment Payment Plan: The installment payment plan is offered in partnership with Tuition Management Systems (TMS) and allows the payment of tuition and fees to be paid over the course of the semester or school year as outlined below. TMS operates as an independent monthly payment plan with insurance and extended payment features. This interest-free payment plan is available for an enrollment fee. A service charge is assessed for late payments. The College will credit the student’s account with the sum contracted for that semester. The student pays monthly installments directly to TMS as contracted. Adjustments to the student’s TMS credit result only if the contract becomes delinquent with TMS or if there is a change in the original contract amount. If the student misses three payments, the entire balance will be due immediately. Any additional obligation incurred during the semester will be billed by the College and will be due as noted on the statement. The College will not issue a refund check on the TMS installment plan until all payments have been made. If the TMS Installment Plan exceeds the student’s balance, the student should notify the Student Accounts Office to make arrangements to adjust the TMS contract. If the TMS installment plan does not cover the balance owing on the student's account, payment for the remaining amount must be received on or before August 15th for fall semester and on or before January 15th for spring semester. Student Responsibility: The student is responsible for reading and understanding all academic and financial policies as published in the Macalester College catalog, including the refund policies for tuition, room and board. The student is responsible for all charges regardless of whether financial aid, employers, or third parties pay as agreed. The student is responsible for communication of billing information to all parties involved. If the student believes that any information on their statement is incorrect, they must notify the Student Accounts Office in writing within 30 days of the statement date detailing the information believed to be incorrect. If the information is not disputed in writing within 30 days of the statement date, Macalester College will assume the information is correct. Contact Information
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