Payment Options and Policies

Bursar's Office

How to Pay for Tuition and Fees

We suggest the following financing methodology when determining how to pay the amount due for tuition and fees:

  • Financial aid
  • Traditional payments
  • Monthly payment options
  • Parent loan options
  • Alternative loan options
  • Credit card option

Students are encouraged to apply for financial aid to exhaust all possibility of financial assistance from the federal government, state government, private outside scholarships and University-based aid. Students should apply for financial aid prior to March 1 to qualify for maximum consideration.

The following types of financial aid are available to all students given certain conditions:

Grants and Scholarships

Grants and scholarships do not have to be repaid. Students must meet certain conditions to qualify, such as financial need and academic performance. The following are types of grants or scholarships:

  • Academic scholarships
  • Pell Grants
  • SEOG Grants
  • Work-study grants (must be earned, not deducted from tuition charges)
  • Salve Regina need-based grants
  • State grants
  • Regina Scholarships
  • Endowment scholarships
  • Privately restricted scholarships
  • Outside agency scholarships

Loans

Many loans have deferred payments up to six months after the last date of attendance. There are various types of loans available to students at reasonable interest rates. Loans available through the Office of Financial Aid include:

  • Federal Subsidized Direct Loan
  • Federal Unsubsidized Direct Loan
  • Nursing Student Loan

1098T Information

The Internal Revenue Service offers tax credits (American Opportunity/Lifetime Learning) to taxpayers who pay qualified tuition/fee charges for education. These credits allow the taxpayer to reduce tax liability on a dollar-for-dollar basis (subject to adjusted gross income limitations) once the credit has been determined. Actively enrolled students may access and print their own 1098-T under the "Tax Information" section in My Salve. Paper copies are also mailed to the permanent address on file. Please contact the Bursar's Office at (401) 341-2900 or bursaroffice@salve.edu if you are unable to access your form.

Additional Payment Options

Payments via personal check, money order or cashier’s check may be mailed or paid in person. Checks returned for insufficient funds are subject to fees of $25. If the check is not honored within 10 days, your registration for the term may be cancelled. If a check is returned, we reserve the right to no longer accept personal checks.

Cash payment must be made at the Bursar’s Office between 8:30 a.m. and 4:30 p.m. Monday-Friday. For security reasons, we urge students not to carry large sums of cash. If you are paying $10,000 or more in cash, Salve must complete the IRS form 8300. 

Direct ACH (automated clearing house) debits are processed on a next-day basis using your savings or checking account. You may also pay via debit/credit card (Visa, Mastercard or Discover). Each transaction carries a convenience fee ranging from 2-3.5% based upon the card type.

To access Nelnet, visit the student's My Salve account and follow the "Student Finance" link, visit the Nelnet website or call (800) 609-8056 and speak with an education payment counselor.

Our interest-free monthly payment plan, offered in partnership with Nelnet, is an alternative to large annual or term payments and helps limit borrowing. The $65 enrollment fee allows for 24-hour interactive access to account information, toll-free automated account information through Info Line and personal account service Monday through Saturday.

For more information, or to enroll in the interest-free monthly payment plan, visit the student's My Salve account and follow the "Student Finance" link, visit the Nelnet website, call (800) 609-8056 and speak with an education payment counselor, or contact the Bursar's Office for additional guidance.

Students may also add authorized parties to their Nelnet account so that payments can be made by other parties.

529 account holders can send funds to Salve via ACH (powered by Flywire) instead of requesting a paper check from their plan. Please indicate this option when ordering your 529 payments and direct any questions to your 529 plan administrator.

The Federal Direct PLUS Loan and the RISLA Parent Loan are two low-interest loans available to parents. Parents may borrow the costs remaining after financial aid is calculated. Interest rates for these loans are announced on or near July 1. Parents and students may combine the payment plan with a PLUS loan to minimize debt.

Private loans for parents and/or students are available from many sources. Student borrowers usually need a credit-worthy cosigner. Terms and interest rates vary greatly, and families can usually find one that best suits their needs.

A family tuition discount of 10% (5% each) is granted when two or more students from the same family are attending Salve in the same program at the same time (both students must be enrolled in a full-time undergraduate program simultaneously). The deduction is applied directly to the student's tuition account each semester for as long as the multiple enrollment continues.

We have partnered with Convera and Flywire to offer convenient options for international students to pay tuition and other fees from their home country and in their home currency.

We offer several payment options for graduate students, making it easy to pre-register for classes in a timely manner while providing a flexible approach to payment.

  • Full payment: Available by check or Visa/Mastercard. The total payment for tuition, registration fee and any lab fees will be due at once.
  • Monthly payments: Our interest-free monthly payment plan, offered in partnership with Nelnet, is an alternative to large annual or term payments and helps limit borrowing. Nelnet allows you to spread your payments over three months. The enrollment fee allows for convenient, interest-free monthly payments; 24-hour interactive access to account information through Nelnet's website; toll-free automated account information through Info Line; and personal account service Monday through Saturday. For more information, or to enroll, visit your My Salve account and follow the "Student Finance" link, call (800) 609-8056 and speak with an education payment counselor, or contact the Bursar's Office for additional guidance.
  • Financial aid: If you expect to receive financial aid for tuition and fees, you must have all forms completed and submitted at least one month prior to the start of classes or face possible late payment charges. An incomplete financial aid award can preclude you from enrolling and attending classes. A promissory note is required for this option. The amount due with the registration form ($65) is payment of the registration fee and is not refundable.

A financial sponsorship is an agreement by a third-party sponsor such as an agency, company, foundation or organization to pay all or a portion of a student's tuition and/or fees. The specific tuition and fees that the third-party entity agrees to pay are called authorized charges.

Students can enroll in third-party billing, which is an arrangement where Salve bills the student's third-party sponsor for authorized charges on the student’s behalf. In these cases, the third-party sponsor requires a bill from the University before remitting payment.

To enroll in third-party billing, email thirdpartybilling@salve.edu. You will be asked to provide the following information: If your employer will only pay up to a certain dollar amount or particular fees, whether payment is contingent on a particular grade at the end of the course, and your employer’s name/contact information.

The $80 registration fee is non-refundable and billed to all accounts. Students in third-party agreements will still receive an e-bill each month for consumer information purposes.

A late payment fee and financial hold prohibiting registration will be placed on the student's account if the balance is not paid in full within 30 days of the completion of the term. Students are encouraged to remain in contact with their third-party sponsor until the balance is paid in full.

Student Responsibilities

  • Ensure we have a completed billing authorization from your third-party sponsor each semester. Students should email thirdpartybilling@salve.edu by the first week of the semester to provide their billing authorization. This will also allow our office to contact the bookstore for prior authorization.
  • Provide your third-party sponsor with our student accounts coordinator’s correct contact information to email or mail the billing authorization.
  • Pay any charges not covered by your third-party sponsor.
  • Pay the balance in full if your third-party sponsor does not remit payment. Students need to follow-up with their sponsor regarding outstanding payment.

Exclusions

Third-party billing is not the same as tuition reimbursement between a student and an employer or other organization. Under tuition reimbursement, a student is required to prove they already paid for tuition and fees and earned certain grades before they can request reimbursement directly from an employer or other organization. In these situations, the student is responsible for paying the bill at the beginning of the term or selecting another payment option, such as loans or a monthly payment plan. Tuition may not be left unpaid pending reimbursement by a third party. A late payment fee and financial hold prohibiting registration will be placed on the student’s account if the balance is not paid accordingly to the published due dates.

Payment Policies

New Student Enrollment Fee and Housing Deposit

Upon commitment to the University, each student is required to submit a non-refundable enrollment fee of $300, which is credited as a payment to the first semester invoice. Resident students are also required to submit an additional $400 housing and damage deposit, which is held in a separate account and credited back to the student at the time the student moves off campus and has completed their housing contract.

Student Enrollment Reservation Deposit

Each spring, the University requires all returning full-time undergraduate students to pay a $500 reservation deposit to secure a place in the upcoming fall semester class. A student enrollment reservation agreement is emailed in March of each year to all students who are presently enrolled on a full-time basis. Payment is due upon receipt of the memo. The deposit is considered an advance payment on the fall semester bill and is credited on the initial fall semester bill. The payment is an indication of financial responsibility. Please note that if the student is not returning to the University, the request for the return of the $500 must be made in writing by May 15. All deposits are considered earned after the May 15 date.

Billing Schedule

  • Fall semester: Available by early July, due Aug. 1
  • Spring semester: Available in late November, due Dec. 15
  • Summer semester: Available in mid-May, due by the first day of the term

An email will be sent to all current students and authorized parties when a billing statement is available to view online. Class attendance is permitted only for students who have paid the tuition bill in full by the start of class.

A statement is uploaded once a month. It is a snapshot as of that date. You can see the most up-to-date information by clicking on "Transaction Details." Please be aware that other charges such as parking fines, lost IDs, library charges, club sports, judicial fines and other items can be added to the monthly statement. All charges assigned after the initial semester's statement are due immediately upon receipt. 

Late Payment Fees

Fall semester payments are due Aug. 1 and spring semester payments are due Dec. 15. A $400 late fee will be charged if payment is received after the due date.

The Bursar's Office will consider canceling late fees if the University itself caused a delay in delivering money to the appropriate place. If a student believes he or she is eligible for such a cancellation, the Bursar's Office should be contacted. A late application for financial aid by a student does not excuse late fees charged by the University. Students whose bills are sent to a foreign country are responsible for late fees assessed when the billing address causes a late payment. The Bursar's Office will not remove late fees in a term that has ended. The Bursar's Office will no longer remove late fees if the student has received an excessive amount (three or more) during their tenure. 

Delinquent Student Accounts

Students who fail to meet their financial obligations in accordance with established University regulations will have the status of their accounts reported to the vice president for academic affairs for appropriate action. This action may include cancellation of eligibility for enrollment in the current or future semesters. The University also reserves the right to withhold services such as grades, transcripts or participation in graduation exercises. Further, if the account remains delinquent (no payments) for six months, the University will submit the account to a collection agency for further action. The student will be responsible for the collection costs associated with servicing the account. Collection costs will significantly increase the student's financial obligation.