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Home > Academics > Financial Assistance and Tuition
Financial Assistance and Tuition
Financial Assistance
Federal financial assistance is available to aid with the financial obligations associated with reaching educational goals. Students interested in federal assistance must be enrolled at least half-time (6 units) to qualify.
The School of Engineering makes every effort to meet the minimum financial needs of each enrolled student. We cannot always accomplish this objective, however. We grant financial assistance on an annual basis, and, in subsequent years, students who have been awarded assistance receive priority.
Consistent with the policy of most professional schools, we assume that you will bear the primary cost burden of your educational expenses. Therefore, long-term loans are the primary source of financial assistance.
Applicants must complete the Free Application for Federal Financial Assistance (FAFSA), using Washington University’s school code: 002520-00. The FAFSA must be completed online at www.fafsa.ed.gov. It is your responsibility to secure financial aid forms and to meet all deadlines. The federal loans available to graduate students are: Federal Perkins Loan - Financial need must be demonstrated in order to secure a Federal Perkins Loan. This loan carries a fixed interest rate of 5%. Repayment begins nine months after graduation, leaving school or falling below half time enrollment. No interest accrues, nor need payments be made on the principal while a student is enrolled at least half time at an eligible institution.
Federal Direct Subsidized Stafford Loan - Financial need must be demonstrated in order to secure a Subsidized Stafford Loan. Beginning on July 1, 2006 this loan carries a fixed interest rate of 6.8%. Repayment of principal begins six months after graduation, leaving school or falling below half time enrollment. No interest accrues, nor need payments be made on the principal while a student is enrolled at least half time at an eligible institution.
Federal Direct Unsubsidized Stafford Loan - Beginning on July 1, 2006 this loan carries a fixed interest rate of 6.8%. Repayment of principal begins six months after graduation, leaving school or falling below half time enrollment. Interest accrues while in school. Students have the choice to pay interest while in school or to have the interest accrue and be added (capitalized) to the loan principal.
Federal Direct Graduate PLUS Loan - Congress authorized PLUS loans for graduate students in July 2006. The annual loan limit is the student’s cost of education minus any estimated financial aid received. Credit must be approved with the lender in order to secure this loan. Beginning July 1, 2006 this loan carries a fixed interest rate of 7.9%. Students enrolled at least half time will automatically go into “In School Deferment” status and repayment begins immediately after graduation, leaving school or falling below half time enrollment.
For information, see Graduate Federal Financial Assistance or contact the Engineering Accounting Office at (314) 935-6183.
Tuition and Payment Policy
Tuition 2009-10 Academic Year
- MIM, MEM, MCM, MPM, and GCPM students: $1,335 per unit (less than 9 units per semester)
- Undergraduate Information Management students: $545 per unit 300-499 level
In an effort to support sustainability, Washington University has implemented a 100% paperless bill environment. Students may enroll in E-Billing and access their bill in WebSTAC under Billing Records/Pay-View My Bill.
Methods of Payment
Payment may be made by personal check, MasterCard, Visa, Discover, American Express, money order, cashier’s check, traveler’s check and cash. All checks should be made payable to Washington University. Credit card payments may be made in the Sever Institute of Continuing Studies’ Office, Lopata Hall 204.
Employer Reimbursement
If an employer agrees to reimburse all or portion of the student’s tuition, the student is expected to pay tuition in full by the tuition due date.
Third Party Billing
If a third party (i.e. outside agency, corporation, or State Prepaid Tuition Plan) will be paying all or part of your tuition and fees, and the third party requires a bill or invoice to be mailed directly from Student Accounting, a written authorization must be received from the third party prior to the beginning of classes. The authorization letter must be submitted to Washington University in St. Louis, Attn: Vicki Sullivan, P.O. Box 14627, St. Louis, MO 63150-4627 or by fax at (314) 935-9798. If, for any reason, the sponsor does not pay the invoice, the student will be liable for full payment of all charges incurred.
Students owing monies to Washington University, after the billing due date, will have a student accounting hold placed on their account and not be allowed to register. Nonpayment of tuition and other expenses will be cause for exclusion of classes, refusal of graduation, refusal of future registration, and/or refusal of transfer of credit. A $25 fee is assessed to any student whose check is not honored for payment.
Late registration fees of $100 for full-time and $50 for part-time students apply for those who register after the second week of classes.
Refunds are computed from the date the course is dropped. The student will be notified when the refund is issued.
Withdraw 1-2 weeks of class: 100%refund
Withdraw 3-4 weeks of class: 80% refund
Withdraw 5-6 weeks of class: 60% refund
Withdraw 7-8 weeks of class: 50% refund
Withdraw 9-10 weeks of class: 40% refund
After 10th week: no refund
After the date of the first class meeting, refunds are not granted for “short courses” that run less than a full semester.
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For questions or comments regarding information on this page, contact Christine Merritt.
Sever Institute of Continuing Studies, Washington University in St. Louis
One Brookings Drive, Box 1220, St. Louis, Missouri 63130
Office Location: Lopata, Room 204, Phone: (314) 935-5484, Fax: (314) 935-5449 |
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