Tuition and Financial Aid

Tuition and Fees

You will receive your Fall 2011 electronic bill from the Office of Student Accounts in June; payment is due by July 22, 2011 by 4:00 pm. Clark University accepts payment in cash, checks, online via ACH or credit card, and wire transfer.

We accept ACH Check and credit card payments via CU Web. To make an ACH check payment you will need to enter your bank’s routing (ABA) number and your checking account number. The amount of your payment will then be withdrawn from your checking account. There will be a 2.75% service fee for credit card payments. Major credit cards accepted through this gateway are MasterCard, American Express, and Discover. There is no fee for paying with the ACH option. Please contact Student Accounts if you have any questions.

If you have not received a bill by June 30, please call Student Accounts using the chart below. The Student Accounts Office fax number is 508-793-7500. Each student is assigned a counselor based on their last name as follows:

The total Clark University bill will be approximately $44,450.00 (for residential students), but this does not include personal expenses, books and supplies. You may not enroll in classes at Orientation until your bill is paid, so be sure your payment is prompt. A $50 late fee, as well as 1% interest per month, may be assessed to all accounts not paid by the bill due date.

Inquiries regarding late payment fees may be resolved after the account has been settled. Late fee disputes can be reviewed only if a written petition has been received. The petition should include the student’s name and ID number, the term the late fee was charged, and the circumstances to be reviewed. Your request can be emailed to your student account counselor.

Tuition and Other Charges for Academic Year 2011 - 2012

Note: Costs are subject to change year to year.

Tuition and Other Charges for Academic Year 2011 - 2012

General Information

Tuition, board, residence-hall charges and certain fees are due and payable prior to the beginning of each semester. The dates for 2011-2012 are: July 22, 2011 for fall semester and December 16, 2011 for spring semester. Students are not permitted to register for any semester until all financial obligations have been arranged satisfactorily with the University.

A budget payment plan is available and is explained later in this section.

A late fee of $50 may be assessed against all accounts not paid in full by the July and December due dates. In addition, interest at the rate of 1 percent per month (12.7% APR) may be charged on all past-due balances. If a student fails to fulfill his or her financial obligations and his or her account is referred to a collection agency, all fees are the responsibility of the student.

Payment Options 

Clark offers several payment alternatives to the usual tuition payment each semester. These options may be used individually or in combination with each other to best suit the needs of Clark families.

1. Monthly Payment Plan: Clark University, in cooperation with Tuition Management Systems, makes available a flexible, interest-free payment plan. This plan allows a family to make 10 equal monthly payments beginning in June. You determine the amount of the bill to be covered-all or only a portion. The $60 application fee is the only charge. Tuition-payment insurance is automatically included.
2. Tuition Inflation Hedge: Under this program, Clark University offers families the option of fixing the tuition rate for four years at the first-year level. To do so, families pay four years of full tuition during the first year, at the current rate, avoiding any increases in tuition for the following three years. For more information and an application, please contact the Associate Controller at (508) 793-7498.

All past balances are subject to an interest charge of 12 percent per year.

Refund Policies

General Refund Policy

Students who officially withdraw or take an official leave of absence from the University are required to submit paper work to the Dean of Student’s Office. A student who officially withdraws during the first one-tenth of the semester will be charged 10 percent of his or her tuition, room, board and mandatory fees; after the first tenth, but before the end of the first quarter, the student will be charged 50 percent; after the first quarter, but before the end of the second quarter, the student will be charged 75 percent. There is no reduction in charges after the second quarter of the semester. If a student withdraws from school, but continues to avail himself/herself of services, he/she will be charged for those services.

Study-Abroad Refund Policy

Due to the special conditions for payments to overseas programs, a different policy is necessary. Students who are studying abroad should refer to the documentation provided when they are accepted in the program for specific information on the refund policy.

Medical Refund Policy

If a student’s doctor recommends that he/she leave the University for medical reasons within the first half of the semester, and later a decision is made that the student must officially withdraw, charges are calculated in accordance with the schedule above under “General Refund Policy” based on the date of the doctor’s initial recommendation that the student leave the University. The doctor’s letter must be an original on letterhead.

Normal Program and Course Load Variance 

A normal full-time academic program is eight course units per year (four course units per semester). Students may elect to vary this pattern by taking three course units during any semester. A course load of three units per semester is considered full-time and is billed accordingly. Juniors and seniors who have received College Board permission may choose to take up to 5.5 course units in a semester at no additional charge. (Any courses approved by College Board beyond 5.5 course units will carry an additional cost.) All students must complete a minimum of seven full-time semesters to meet degree requirements. Students may enroll in two course units per summer at an additional cost. While there is no limit to the total number of summer courses students may take, normally only four units may be counted toward graduation.

Seniors in their last semester are expected to take the necessary number of units (up to 5.5) for their degree. Full-time first-year or transfer students in their first semester at Clark University must enroll in a four-unit program. Students re-entering the University or returning from leaves of absence, also must enroll in a four-unit program during their first semester.

Orientation Fee 

A fee of $200 is assessed to all new students to cover services and activities provided during orientation. Early orientation is $250 and spring orientation is $100.

Contingency Deposit 

All new undergraduates are required to pay a $50 deposit to cover minor charges, such as unreturned library books, which may be incurred during the year. Students are billed each year for whatever charges are incurred. The balance is refunded upon completion of studies.

Housing Deposit 

The $500 fee submitted by first-year students to Admissions includes a $100 housing deposit. The deposit is credited towards the yearly housing fee and is nonrefundable.

Application Fee 

A fee of $55 must accompany the application for admission to the University. It is not refundable.

Student Activity Fee 

A fee of $175.00 per semester, levied and administered by the Student Council, is required of all matriculated undergraduates except those on a program of study abroad. The Student Council allocates funds to student organizations that provide a wide range of cultural, social and recreational activities.

Admission Deposit 

For entering students planning to live on campus, a nonrefundable admission deposit of $400 and a housing deposit of $100 are required to indicate acceptance of an offer of undergraduate admission. For students planning to live off campus, only the $400 admission deposit is required. Deposits are credited toward charges for the first semester in attendance at Clark. Deposits are forfeited if the student does not enroll for the specified semester.

Tuition Deposit 

A deposit of $500 is required of all students planning to return to the University for their sophomore, junior or senior years. It is payable by June 1 and is credited toward charges for the fall semester. The deposit of $500 is forfeited if the student does not enroll for the specified semester.

Clark OneCard 

An identification card is issued during orientation to all new students without charge and is an official college ID. The Clark OneCard looks like an ordinary University ID, but it’s much more than that. The magnetic strip on the back of the Clark OneCard acts as a key to a number of services on campus including access to residential and academic buildings, athletic facilities, Dolan Field House, Dana Commons, Goddard Library, meal plans, computer account password, and the CashCard Program.

The CashCard Program works like cash and can be used at both on- and off-campus venues. On-campus venues include Clark Dining Hall, Higgins Bistro, Clark Print & Copy Center, Clark Bookstore, and university print fees. For off-campus venues, please visit www.clarku.edu/onecard.

The cardholder should report a lost or stolen card immediately to University Police or the OneCard office located at 22 Downing Street, 2nd floor. A fee is charged to replace lost cards.

Keys and Key Security 

Room keys and mailbox combinations are issued to students upon arrival at Clark. Fees are charged for the replacement of keys that are lost during the year. It is mandatory to return room keys before leaving campus at the end of the academic year.

Financial Aid General Information 

The Office of Financial Assistance provides guidance to all students who need assistance financing their Clark education.

General Information 

Financial aid is allocated on the basis of financial need and academic performance. The Office of Financial Assistance assesses each student’s financial circumstances and need through a uniform analysis of the Free Application for Federal Student Aid (FAFSA) for federal and state funds, and the PROFILE Form for institutional funds. When required, adjustments are made in accordance with University policies and procedures. The assessment takes into account family income and assets, age of parents, financial commitments to other dependents and members of the family, and other circumstances.

The University expects that a student’s resources for education will come first from family and his/her own savings and earnings. The University will make every effort to assist most students in obtaining the difference between the total cost and expected family resources. No student should fail to apply for admission to Clark University because of the inability of his/her family to pay total educational costs.

Student Employment 

Student employment opportunities at Clark are coordinated by the Office of Financial Assistance. At the beginning of each semester, the on-line job directory is updated with a listing of available on-campus jobs. It is important to note that an offer of Federal Work Study as part of a student’s financial-aid package is not a guarantee of that amount, but rather a limit of potential earnings. Students receive paychecks for actual hours worked, which can be used for personal expenses, books and supplies, or saved for future bill charges. The Office of Financial Assistance also maintains a list of on- and off-campus jobs available to students not receiving federal work-study awards.

Independent Sources of Aid 

All applicants for financial aid are urged to pursue independent sources of financial aid. Scholarships are often awarded to graduating seniors by high schools and/or private scholarship agencies in students’ local communities. Additional information usually is available in guidance offices or online at www.fastweb.com.

Any assistance received from outside sources other than Clark University must be reported to the Office of Financial Assistance on the Award Acceptance Agreement form or in writing to the Office of Financial Assistance. These awards may affect your Clark financial-aid package.

Clark’s policy for these adjustments is as follows:

For scholarships based on the student’s merit or academic achievement, unmet institutional need will be filled first. Any remaining scholarship will reduce loan, then work-study. If there is additional remaining scholarship, it will reduce Clark grant, dollar for dollar.

Private grants/scholarships not based on merit or academic achievement (state or federal grants or tuition subsidies based on parents’ employment) will reduce Clark grant, dollar for dollar.

An important source of federal financial aid is offered in the form of Federal Pell Grants. These grants, which vary in amounts, are available to certain students who demonstrate financial need according to federal methodology.

Federal Direct Stafford Loans are available to all students, regardless of need. Students may borrow up to $3,500 their freshman year, $4,500 sophomore year and $5,500 the junior and senior years of an undergraduate program. Students may borrow up to $20,500 per year of a graduate program. The subsidized version is limited to students who demonstrate financial need according to federal methodology. The interest rate is variable. No payments are due, or accrue interest, until after graduation or until a student is enrolled less than half time. It may be deferred for continued education. The unsubsidized version offers some of the same terms and conditions; however, interest begins to accrue during the in-school period and is set at 6.8%.

Other Benefits 

Veteran’s benefits may be available for service veterans and children of deceased or disabled veterans. Eligibility can be determined by contacting the local Veteran’s Administration Office.

Rehabilitation assistance may be available for students who qualify for educational benefits. Information concerning rehabilitation services can be obtained at the State Rehabilitation Office.

Aid Awarded by Clark University 

Clark University makes a commitment to entering students to maintain the level of support awarded during the first year in each subsequent year at Clark, as long as they continue to demonstrate financial need, continue to meet the standards of satisfactory academic progress, have filed all necessary application materials by the required deadlines and have not exceeded program limitations of financial aid, and as long as federal and state funding to Clark’s Office of Financial Assistance continues at the same level. Although any Clark student may apply for aid as an upperclassman, funding is guaranteed only to those students who received aid their first year at Clark and have met the above requirements.

Assistance at Clark is packaged in the form of scholarship, loan, grant and/or employment from the following sources:

• Traina, Presidential and Achievement Scholarships—Awarded to incoming students based on specific academic criteria, all recipients of these scholarships are selected on the basis of information provided in the application for admission. All scholarships are renewable if a student meets certain academic criteria while at Clark University.
• Jonas Clark Scholarship Program—Jonas Clark Scholarships are awarded to eligible students based on financial need, academic strength and the student’s potential for making a positive contribution to the Clark University student community.
• Federal Supplemental Educational Opportunity Grants—One of the federal-aid programs available to students demonstrating exceptional financial need. Continued support of this program is contingent upon annual Congressional allocations.
• Federal Perkins Loans—Loans made under this program are awarded based on financial need and carry a fixed 5 percent interest rate. Payment of principal and accrual of interest is deferred until after graduation or until a student is enrolled less than half time. The loans carry a 10-year repayment schedule with a $40 monthly minimum. Continued support of this program is contingent upon annual Congressional allocations and the repayments of previous recipients.
• Federal Work Study—This work program gives eligible students the opportunity to work during the school year to earn money for personal expenses, travel, books and supplies; and over the summer towards the following school year’s educational expenses.  Federal Work Study is awarded to a student based on demonstrated need.

Satisfactory Academic Progress 

Students receiving federal, state and institutional financial assistance of any type (including parent loans) are required to make “satisfactory academic progress” toward completion of their degrees. Satisfactory academic progress is defined by regulations of the U.S. Department of Education as “proceeding in a positive manner toward fulfilling degree requirements.” This is differentiated from “academic standing,” which refers to students whom the institution allows to continue to enroll.

Full-time bachelor’s degree candidates must maintain a 2.0 cumulative grade-point average and complete five courses the first year; six courses the second; and seven courses each year thereafter. These requirements are prorated for less than full-time students and students attending less than a full academic year. Evaluation of satisfactory academic progress is made at the end of each spring term.

Students who do not meet the satisfactory academic progress standard are allowed one semester of continued assistance under probation status in order to obtain the necessary requirements for maintaining progress. If students are still not making progress after one semester of probation, aid is discontinued. Students are allowed only one semester of probation while at Clark. Appeals to this policy for special and unusual circumstances may be made in writing to the Director of Financial Assistance.

Students are limited to eight undergraduate semesters of institutional (Clark) financial aid, unless otherwise approved by the director. Appeals should be made in writing to the Director of Financial Assistance.

Return of Title IV Funds (federal and some state financial aid) 

Title IV fund rules assume that a student earns his or her aid based on the period of time he or she remained enrolled for the term. If a student withdraws from the University before completing an academic term, unearned aid, other than work-study, must be returned to the U.S. Department of Education up until the 60-percent point in the term. After the 60-percent point in the term, the student is considered to have earned all of his or her aid.

Return of Institutional Financial Aid 

Students are allowed to retain institutional financial aid (Clark grants and scholarships, including academic scholarships) at the same rate that the credit-to-tuition (refund) policy is calculated. That is to say, a student leaving or withdrawing in the first tenth of a semester has earned 10 percent of his or her institutional financial aid, students leaving or withdrawing in the first quarter are allowed to retain 50 percent of their financial aid, students withdrawing during the second quarter may retain 75 percent of their aid, and students leaving or withdrawing after the second quarter may retain 100 percent of their Clark financial aid.

Financial Assistance for International Students 

The Admissions and Financial Aid Committee provides financial assistance to a limited number of international students each year. Awards are based on both academic merit and financial need. Because the University is unable to provide funding to meet the needs of all international students, offers of admission will take into account a student’s ability to pay for the cost of attending the university. International scholarships are applicable to study while in residence at Clark and generally cannot be used to participate in off-campus study programs.