Tuition & Fees
Tuition Deposits
A $400 tuition deposit is required in order to reserve the applicant’s place at the College. The tuition deposit will be credited to the first semester tuition bill. Tuition deposits for Fall enrollment are refundable up and until May 1 and will be returned within four weeks of receiving a written request from the student. Tuition deposits for spring semesters are non-refundable. Students may defer their acceptance for up to one academic year, and in such cases tuition deposits are non-refundable.
Annual Tuition (2011-2012)
Full-Time: $25,248 (12-18 credits per semester)
Credits over full-time designation charged on a per-credit basis
Part-time matriculated students charged on a per-credit basis
General Student Fee, full-time students $1536
General Student Fee, less than full-time $64/credit
Per-Credit Charge $1052
Annual Tuition (2012-2013)
Full-Time: $26,904 (12-18 credits per semester)
Credits over full-time designation charged on a per-credit basis
Part-time matriculated students charged on a per-credit basis
General Student Fee, full-time students $1,632
General Student Fee, less than full-time $68/credit
Per-Credit Charge $1,121
Non-Matriculated Students
Non-matriculated students may enroll for up to 11.5 credits per semester.
Tuition: $600 / credit
General Student Fee:
$64 / credit (2011-12)
$68 / credit (2012-13)
If a Non-Matriculated student (enrolled for credit/evaluation) matriculates to the BFA Degree or Certificate Program, the difference in cost per credit previously earned compared to the current academic year tuition rate will be charged as a matriculation fee and be due promptly.
Continuing Education Students
Students attending courses run by the Division of Continuing Education should refer to the Continuing Education publications for information on course offerings and tuition rates.
Miscellaneous Fees
Application Fee $55
Graduation Fee $100
Late Payment Fee, per month $50
Re-registration Fee, per occurrence $100
Returned Check Fee $25
Senior Studio Fee, payable in the fall semester $200
Transcripts, each $5
Transcripts prior to Spring 1992, first copy $35
Payment Due Dates
Matriculated, Non-Matriculated, Post-Baccalaureate & Certificate Students
A $50 late fee will be applied to any account with an unpaid balance after the due date, and for every month following, until the balance is paid in full. Late fees are non-negotiable.
Fall Semester:
Full payment of tuition and fees is due in the Business Office by August 1.
Spring Semester:
Full payment of tuition and fees is due in the Business Office by January 1.
For students who are delinquent in their financial accounts with the College, grades, transcripts and diplomas will be withheld, and library privileges and future registrations will be suspended until accounts are cleared.
Continuing Education Students
Payment is due at the time of registration. Registrations will not be processed until payment in full has been received in the Business Office. See Continuing Education publications for more information.
International Students
Payment must be received by published due dates in order to access classes. Bank checks and money orders must be drawn on a U.S. bank and written in U.S. dollars, made payable to Lyme Academy College of Fine Arts. To avoid delays in meeting payment requirements, we recommend opening a bank account in the United States before arriving. Your Embassy or local bank can assist you with financial questions and the transferring of funds.
Financial Responsibility
Failure to receive a tuition bill or to secure financial aid in a timely manner does not relieve a student of responsibility for payment of tuition and fees by the due date. (August 1 for the Fall semester; January 1 for the Spring semester.) Registration is not complete until tuition and fees have been paid in full, or satisfactory arrangements have been made with the Director of Student Accounts. It is the student’s responsibility to keep his/her mailing address up-to-date with the Office of Student Services.
Educational Tax Benefits
A 1098T tax form will be furnished to all eligible students who have a valid tax identification number (social security number) on file in the Business Office. The College reports the amount billed for qualified tuition and fees during the previous calendar year. 1098T tuition statements will be mailed to the student’s permanent address on record each year that a qualifying transaction is made. Please note that statements reflect the “Amounts Billed” method, where you may find the amounts actually paid in your own records.
The College does not offer tax advice; please consult your tax advisor.
Resources:
Publication 970: Tax Benefits for Higher Education.
http://www.irs.gov/publications/p970/index.html
Please note that if someone is filing benefits on behalf of the student and requires information from the College, written authorization must be on file with the Business Office before the student’s account will be discussed with anyone other than the student.
Release of Student Financial Information Form
Release of Financial Information
Unless a signed Release of Student Information form is on file in the Business Office, the College can not release any student financial information to a third party, including parents, spouses and employers.
Forms of Payment
Cash
Cash payments may be made in the Business Office.
Checks
Checks should be made payable to Lyme Academy College and can be mailed to the Director of Student Accounts attention, or delivered in person.
Credit Cards
We accept MasterCard, VISA, Discover, and American Express. Credit card payments should be made in person in the Business Office to ensure proper credit to your account, unless a credit card authorization form form has been filled out and submitted.
Returned Checks
Checks returned for non-payment incur a $25 fee. When a returned check results in a late payment of tuition and fees, all College privileges will be suspended until full payment is received by the Director of Student Accounts.