Purpose
To define the policies that apply to Student Accounts held by the Bursar’s Office for Mitchell College and Thames Academy students.
The Policy
A student account is created when the Admissions Office formally accepts a new student and the tuition deposit is received.
Procedure
The student is required to complete a Financial Responsibility Statement, which stipulates the student’s financial responsibilities for the term of enrollment.
Breakage Deposit
All full-time students are required to provide a one-time breakage deposit. Breakage deposits are held until a student graduates or withdraws, at which time deductions from this deposit will be used to satisfy outstanding damage assessments, fines, parking tickets, or other costs billed to a student account before being refunded to the student.
Student Health Insurance
Mitchell College requires that all full-time students maintain adequate health insurance, either under their own private plan or under the Student Health Insurance Plan sponsored by the College. A waiver form must be completed by all students who have their own private plan. If a waiver is not received by the designated due date, the student will be automatically enrolled in the sponsored plan and the annual premium will be charged to the student’s account.
Waivers may be completed online, or the forms may be completed and forwarded to the Bursar’s Office.
Bookstore Vouchers
Students who have a credit balance may request a Bookstore voucher from the Bursar’s Office. Vouchers may be used to purchase textbooks and supplies at the Mitchell College Bookstore.
Billings
Students returning at full-time status for the subsequent fall semester are required to submit a non-refundable deposit by April 1st of each year. New students accepted for the subsequent fall semester are required to submit a deposit by May 1st of each year, which becomes non-refundable after May 1st.
Statements are mailed to each student 30 days prior to the due date. The fall semester balance is due by July 1st. The spring semester balance is due by January 1st.
Part-time students are required to pay at the time of registration.
Payment
Tuition payments may be made by cash, check, money order, VISA, Discover, and MasterCard or through a monthly payment plan. Payments may be mailed to: Mitchell College, Bursar’s Office, 437 Pequot Avenue, New London, CT, 06320. Students will be charged a $25 returned check fee if any payment made by check is later returned to Mitchell College by the bank for any reason.
Payment Plans
Mitchell College offers students and their families an optional monthly payment plan to help them pay educational expenses interest-free over a period of several months. Enrollment in a payment plan requires an annual fee of 1% of the net amount due (with a minimum fee of $50). Four payment options are currently offered with plans beginning April 1st, May 1st, June 1st or July 1st.
Withdrawal
Tuition and fees are cancelled in full if a student officially withdraws from the College prior to the start of classes. Withdrawals after the first day of classes are subject to the refund calculation based on the Federal Refund Policy. Once the student has reached 60% of the attendance period, no refund will be issued for a withdrawal.
Refunds
Enrolled students with a credit balance on their account may be eligible for a refund. Credits resulting from a Parent Plus loan will be refunded directly to the parent, unless written authorization is received directing the refund to the student. Refunds will be processed within two weeks from the time the credit is generated on the student’s account. Checks are mailed to the home address on file unless the student requests to pick up a check in the Bursar’s Office.
Bursar Holds
Students with a past due balance may not register for classes for a future term until all current term charges have been paid in full. In addition, students will also be prevented from receiving transcripts and/or a diploma until the account has been satisfied.