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Tuition Deferment/Company Reimbursement Program
How does the Mercyhurst tuition deferment program work?
Mercyhurst College allows you to defer payment of your current term bill until the release of your course grades at the end of the term. This gives most students enough time to receive their tuition reimbursement from their employers, then pay their bill with the reimbursed funds. It is your student responsibility, not the employer, who is ultimately responsible for all financial obligations to the college.
How do I sign up for tuition deferment?
You must complete the Company Reimbursement Form , which allows you to participate in the tuition deferment program for the term(s) you designate on the form. Before you can register each term, you will be required to make a $125 pre-payment toward that term's billl.
Where can I get the required forms?
You can print the Company Reimbursement Form. You can also pick up the forms at the Catherine McAuley Center, located at 34th and Wallace Streets in Erie (next to St. Peter and Paul Byzantine Catholic Church) or Old Main room 115 (Student Financial Services).
What is the deadline for signing up for this program?
You must submit the Company Reimbusement form to the Office of Student Financial Services at least two weeks before the start of the first term that you attend each academic year (usually the September term). The $125 pre-payment is due before you register each term.
What if I decide not to take a course in a given term?
The Company Reimbursement Form is valid for the terms that you designate on the form (usually the full academic year). If you do not attend one of the terms, you do not need to file a new form when you return, however, you must make the $125 pre-payment before you can register for the next term.
Is there a charge for participating in this plan?
This plan is provided as a convenience to students at no charge.
Is the $125 pre-payment considered a fee?
No, the $125 is considered a "down payment" or installment on your tuition charge. This pre-payment is reflected on your term bill.
What if there is a delay in receiving reimbursement from my employer?
You are responsible for securing your grades (which can be accessed on line through Mercyhurst Web Advisor) and submitting them to your employer in a timely manner. Mercyhurst must receive your payment by the deadline listed on the Company Reimbursement form, regardless of whether you have received your company's reimbursement by that date.
What happens if I am unable to pay Mercyhurst by the deadline?
You will be charged a $50 late fee and unless you make other payment arrangements, your account will be forwarded to a collection agency. You will also be withdrawn from any current course(s), and will be prevented from registering for future courses until your account is paid in full.
How can I avoid any potential financial difficulties?
If you need additional funding to help pay your bill, you may apply for a Federal Direct Student Loan, a low interest federal student loan. To do so, complete the FAFSA, the Free Application for Federal Student Aid, online before the start of your first term. You can complete it online at www.fasa.ed.gov. You will receive an Award Letter from SFS showing your loan eligibility for each term. You may always decline the loan for any term that you do not need it. Any Direct Loan interest you pay may be tax deductible. The Student Financial Services office can explain this process to you in greater detail.
For more information...
Contact the Office of Student Financial Services at (814) 824-2288.
