The following information applies to undergraduate students at Assumption College.

Academic Year 2019-2020

Ultimate Meal Plan is required for all students living in a standard dorm.  The cost of the ultimate meal plan is $4,818

Standard Room:

Apartment/Townhouse style housing (meal plans are optional for these residences)

Option Meal Plans:

Fees:

Students taking more than 15 credits per semester will be billed per credit hour.

Assumption College is pleased to offer students and families the option ofa tuition protection refund program offered through GradGuard.  It is an inexpensive form of protection, and we urge you to consider the advantages. It is vital that those who wish to participate do so before the opening of the semester.  For more information and how to enroll visit www.gradguard.com/tuition/assumption. Enrollment is offered through the Student Account Center when you are making your payments electronically.

Massachusetts State Law requires that all full-time students have minimal medical coverage and has placed an obligation on colleges, to enforce this regulation. All students are billed for this coverage but, may be able to waive the charge if they can prove comparable medical coverage. Students may waive this coverage electronically through the Student Account Center. The student health insurance rate for 2019/2020 is $2,703.00, and the 2018/2019 rate was $2,430.00. 

If after reviewing the Student Health plan, you determine you have comparable health care coverage or you chose to enroll in the plan, please visit University Health Plans. You will need to complete a waiver or enrollment form before the payment deadline. You will need your seven-digit student Assumption student ID number, Assumption email address and health insurance information to complete this process. 

Students who fail to complete either the enrollment or waiver form by the payment deadline will be automatically enrolled in the plan and the charge will remain on their bill.

If you have any questions about the online waiver/enrollment process or about the Student Health plan, please contact University Health Plans at 1-800-437-6448.

All students who were enrolled and paid for qualifying tuition and related expenses for the calendar year 2019 will be mailed a 1098-T form by 1/31/20.  In order to provide this information the student would need to have their social security number on their student record kept by the Assumption College Registrars’ office.  The 1098-T will be mailed to the student’s home address on record with the Assumption College Registrar’s office.  The student can verify their social security number and address information and make any needed changes by contacting the Assumption College Registrars’ office.

When you receive your tax document in 2020 for the 2019 tax year, it will look slightly different than it has in prior years. Starting with tax year 2018 Congress and the IRS eliminated the option for colleges and universities to report the “amounts billed” on form 1098-T. Colleges and universities must now report the “amounts paid” for qualified tuition and expenses. This change went into effect for the 2018 tax year.

Why the change?

Based on a report compiled by the US Inspector General for Tax Administration, it was determined there were a large number of errors as it relates to educational tax credits. The majority of these errors were caused by confusion regarding Box 2 (amounts billed) reporting. This change eliminates this confusion and the potential for inaccuracies on 1098-T forms going forward.

So, what does that mean for you?

This means that you will no longer see any amounts in Box 2 (Amounts billed for qualified tuition and related expenses) on your 1098-T form. You will, however, see an amount in Box 1 (Payments received for qualified tuition and related expenses).  

All eligible educational institutions, such as a college or university in which you are enrolled, and an insurer who makes reimbursements or refund of qualified tuition and related expenses to you, must furnish this statement to you.  You or the person who claims you as a dependent may be able to claim an education credit on Form 1040 or 1040A for qualified tuition and related expenses.  Assumption College will be reporting Box 1 Payments received for qualified tuition and related expenses along with the amount of any scholarships or grants (box 5) that were applied to the student’s account during the calendar year.

Assumption College can only answer questions on how the form was prepared.  Questions regarding your eligibility should be directed to your tax preparer.  For more information about any education credits see IRS Publication 970 Tax Benefits for Education, Form 8863, Education Credits the form 1040 or 1040A.  These can be found at www.irs.gov.

Frequently Asked Questions

What is IRS Form 1098-T?

A 1098-T is a statement of payments received for qualified tuition and related expenses posted to your student account and grants or scholarships received during the calendar year.  The 1098-T does not indicate your eligibility for tax benefits; rather, it provides you with information about your account which you or your tax preparer may use to determine your education tax benefit eligibility.  For more information on these credits visit the IRS website. http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center.

What tax benefits am I eligible for?

The 1098-T does not indicate your eligibility for tax benefits.  You may be eligible for certain tax incentives even if you are not issued a 1098-T.  You may receive a 1098-T but not qualify for education tax benefits.  The 1098-T provides information that you may use to determine your eligibility for tax incentives.  For assistance in determining your eligibility for education tax benefits, consult IRS Publication 970 and /or your tax preparer.
 

The Federal Perkins Loan program was a campus-based Title IV federal student aid program enabling eligible students to obtain a low-interest loan.  The government has ended this program and no new loans are available. 

Repayment of a Perkins loan begins 9 months after a student graduates or drops below half-time status. Late payments and delinquencies are reported to the credit bureau. it is important for a student’s credit history to stay current with loan obligations.

Assumption College utilizes UAS, University Accounting Services LLC to administer the billing of this program.  UAS can be reached at 1-800-999-6227. 

I received Financial Aid.  Why isn’t it on my bill?
Only secure financial aid will be reflected on your billing statement. Please check with the financial aid office for your financial aid status. They may need additional documentation from you.

Why was payment returned by a bank or TMS?
Students that have either a returned check from the bank, or a returned payment from TMS will be charged a $35.00 returned check fee on their student account.

I have a credit on my account, how do I get a refund?
You may request a refund from your Assumption College email to the Student Accounts email Studentaccounts@assumption.edu or contact your student account representative.

Why do you need my social security number?
All students who were enrolled and billed for qualifying tuition and related expenses for the calendar year 2019 will be mailed a 1098T form by January 31, 2020.  In order to provide this information, the student must have their social security number on their student record kept by the Assumption College Registrar.  The 1098T form will be mailed to the student’s home address on record with the Registrar.  Students can verify and make changes to this information by contacting the Registrars’ office

Is a meal plan required of all students?
All students living in a standard dorm are required to have the Ultimate Meal Plan.

What are the late fee and payment deadlines?

• Undergraduate Fall 2019 bills are due on July 25, 2019.
• Undergraduate Spring 2020 bills are due on December 19, 2019. 
• Graduate Spring 2020 bills are due on December 31, 2019.

Financial aid, loans, payments must be received by the payment due date each semester.  Accounts not paid in full whether by direct payment, financial aid or payment plan by the due date will be assessed a late fee of $100.00.  A late application for financial aid by a student does not excuse late fees charged by the College.

What are the Undergraduate Payment Plan options?

Based on our continued commitment to help you more easily afford an education, Assumption College has conducted a thorough review of education payment plan providers, and Nelnet has been chosen as our exclusive payment plan administrator. 

The Monthly Payment Plan allows you to spread your education expenses over smaller monthly installments, which are paid over the course of the fall or spring semester.  Your only cost is a $40 Semester enrollment fee with Nelnet.

There is No PAYMENT PLAN option for summer terms.

The spring 2020 payment plan starts November 1 with enrollment opening October 22, 2019. The November 1 payment and the enrollment fee are due upon enrollment with the following payments due December 1, January 1, February 1, and March 1.  If you chose to enroll and do not know your balance, estimate your budget to start. All payment plan payments are due the 1st of the month.  Delinquent plans will be canceled and the balance is immediately due.  The student will no longer be eligible to participate in the monthly payment plan option for future semesters.

The deadline for enrolling in a spring 2020 semester undergraduate payment plan with TMS is December 19, 2019. You may enroll after November 1st with all back payments being made at time of enrollment. After 11/30/19 a 4-month payment plan is available.  It is fast and easy to enroll through your Student Account Center in the student portal which is available 24/7 or visit www.assumption.afford.com.

If you have questions pertaining to student account center or for free education payment advice, please call 800-279-1914.

If you decide to pay Spring 2020 semester expenses in full, the due date is due December 19, 2019.

What are the Graduate Payment Plan options?
Based on our continued commitment to help you more easily afford an education, Assumption College has conducted a thorough review of education payment plan providers, and Nelnet has been chosen as our exclusive payment plan administrator. 
The Monthly Payment Plan allows you to spread your education expenses over smaller monthly installments, which are paid over the course of the fall or spring semester.  Your only cost is a $40 Semester enrollment fee with TMS.
There is No PAYMENT PLAN option for summer terms.
The spring 2020 payment plan starts December 1 with enrollment opening November 19, 2019. The December 1st payment and the enrollment fee are due upon enrollment with the following payments due January 1, February 1, and March 1. All payment plan payments are due the 1st of the month. Delinquent plans will be canceled and the balance is immediately due.  The student will no longer be eligible to participate in the monthly payment plan option for future semesters. If you chose to enroll and do not know your balance, estimate your budget to start.  It is fast and easy to enroll through your Student Account Center in the student portal which is available 24/7 or visit www.assumption.afford.com. Questions pertaining to student account center or the payment plan call 800-279-1914.  Question pertaining to the graduate payment plan contact 508-767-7471.
The deadline for enrolling in a spring 2020 semester Graduate payment plan with TMS is December 19, 2019.
If you decide to pay each semester expenses in full, the due dates are as follows:

Graduate spring 2020 semester bill is due December 19, 2019.

How do I make an international payment?
Assumption College has made it easy for International students to make international funds transfers using Flywire.
If you are an Assumption College International student in a degree-seeking program, log into your Student Account Center in student portal, using the One-Time Payments tab, select Flywire to pay by International Funds Transfer (formerly Peer Transfer).  Once you have completed the transfer you will receive a payment confirmation.  Please be aware that International student payments can take up to 3 days to post to your student account so please plan accordingly when processing your payments to avoid any late fees.
If you are attending Assumption College under a non-matriculating special student program, for example: Argentina Program, etc., please use our payment gateway option. 

All students must agree to the Financial Responsibility Agreement, which will be displayed in the student portal, web advisor-student planning prior to course registration. The Financial Responsibility Agreement acknowledges the student’s understanding that course registration creates a financial obligation to pay the resulting tuition, fees, penalties and other associated charges to Assumption College by the published due date(s).  Payments not received by the due date(s) are subject to late fees, collections, attorney and litigation costs, which also become a financial obligation of the student. 

Students must accept the Financial Responsibility Agreement twice per year. Students will need to electronically accept this agreement prior to registering for Fall/Summer classes. The Fall Agreement will cover ALL Summer terms and All Fall terms. This also needs to be done prior to registering for Spring/Intersession classes. The Spring Agreement will cover all Spring and Intersession terms.

What is the Financial Responsibility Agreement?
This statement outlines the terms and conditions of the Financial Responsibilities and obligations associated with attending Assumption College.

I am planning to graduate this semester. Do I have to complete this agreement?
You are required to complete the Financial Responsibility Agreement only if you continue to attend Assumption College after graduation – either as an undergraduate, graduate or a professional student.

Why is Assumption College doing this?
Attending Assumption College creates a financial obligation.  We feel it is important that students understand and acknowledge the financial responsibilities associated with attendance.

Do other institutions do this?
Yes. It is a common practice among higher education institutions across the United States, and it is consistent with the national movement to increase financial literacy among college students.

How do I complete the Financial Responsibility Agreement?
Students agree to the terms and conditions of the Financial Responsibility Agreement every Fall and Spring term with an electronic signature through the Web-Advisor/Self Service Student Planning.

Can I sign the Financial Responsibility Agreement in paper form?
No, all students must accept electronically online through Web-Advisor/Self Service Student Planning.

My parents pay my tuition. Can they complete the form?
No, while payment by a third party is acceptable, it is the enrolled student who is ultimately responsible for agreeing to the terms and conditions of the Financial Responsibility Agreement.

What if I have an appointment or a scholarship that covers the cost of tuition?
Because certain eligibility is required and must be maintained in order to have the cost of attending Assumption College covered by other means, students who have their cost of attendance paid by graduate fee authorizations, appointments, sponsorship, scholarships or other third-parties are ultimately financially responsible for these costs.  As such, all students must agree to the Financial Responsibility Agreement every Fall and Spring term for which they are enrolled.

What if I do not submit the statement?
Students who do not complete the Financial Responsibility Agreement prior to registering each term will not be able to register for classes.  Once the statement is accepted registration can begin.

I accepted the Financial Responsibility Agreement, but still can’t register what should I do?
First, check to see if you have any “hold alerts” when you sign into your student portal at My.assumption.edu.  Your “hold alert” will tell you what office to contact. 

If you don’t have any hold alerts, please contact the Student Accounts office at 508-767-7351 during business hours 8:30 a.m. to 4:30 p.m.,  Monday to Friday or email studentaccounts@assumption.edu.