Dormitory and Meal Plans

Dormitory and meal plans must be paid prior to movein. You must present your receipt to Residential Life staff prior to being issued a room key or meal card. If the charge is incorrect or missing, please contact Residential Life at (718) 399-4550 immediately to make adjustments on your invoice and to verify your assignment.

Bursar
Pratt Institute
200 Willoughby Ave.
DeKalb Hall 2
Brooklyn, NY 11205
Tel: (718) 636-3539

Bursar's Frequently Asked Questions

Office of the Bursar

The Bursar's office is responsible for the accurate billing of all student related charges, including but not limited to tuition, fees, housing, meal plan and other. In addition the office is responsible for the safeguarding of students' funds received from third party sources and the accounting for their proper distribution.

To accomplish these tasks, the office will incorporate appropriate procedures and processes
which will support prompt collection of student payments and recording of financial aid.

Further, the office will issue timely refunds of students' credits in compliance with Federal and State regulations and in conformance with Institutional policies. To further these efforts the office will endeavor to provide the best service possible and will seek to effectively communicate with students regarding any changes, adjustments, revisions and other matters related to their accounts.

2007-08 Tuition and Fees ( including Summer 2008)

• 1-11 Undergraduate Credits:
• $968 per credit

• 12-18 Undergraduate Credits:
• $29,900 annually

• 19+ Undergraduate Credits:
• $29,900 plus $968 per credit in excess of 18 credits

• Graduate Credits:
• No flat rate: $1,070 per credit

• Graduate School of Library and Information Science:
• No flat rate: $850 per credit

2008-2009 Tuition and Fees

1-11 Undergraduate Credits:
$1026 per credit

12-18 Undergraduate Credits:
$31,700 annually

19+ Undergraduate Credits:
$31,700 plus $1,026 per credit in excess of 18 credits

Graduate Credits:
No flat rate: $1,134 per credit

Graduate School of Library and Information Science:
No flat rate: $900 per credit

A: Tuition is due by the first billing due date ( August 1, 2008 for the Fall) in full on or before the first day of class each semester. After the due date you are accessed a late payment fee of $75.00.

If you are registering late, tuition is due in full immediately. If you have financial aid that covers you fully, then you are not required to pay by the due date. If however, you have a portion of your tuition you must pay yourself, then that portion must be paid by in order to avoid a late fee.

Assistantships

Assistantship wages are paid directly to you by paycheck for work you perform over the course of the semester. Assistantships are not deducted from your bill.

Work-Study Award

Federal work-study wages are paid directly to you by paycheck for work you perform over the course of the semester. Work awards are not deducted from your bill.

Outside Scholarships

Students receiving scholarships not awarded by Pratt Institute must send a copy of the scholarship letter to the Bursar’s office, attention Ms. Olivia Goode. Bursar clearance is only given in the event that the outside scholarship covers tuition and fees in full or the outstanding portion of tuition after financial aid has been received. Payment from either scholarships or third parties is expected within the semester the tuition is charged.

The Bursar’s office will not extend clearances to allow a student to register for a subsequent semester if the outside scholarship or third-party payment has not been received.

A: A late fee of $75.00 will be added to your account. The interest accrues at a rate 1.25% each month on all outstanding balances. You will also be blocked from any future registrations, receiving any transcripts or your diploma. On severely delinquent accounts your balance may be referred to an outside collection agency. If a tuition account is referred to a collection agency, you will be responsible for all collection costs associated with the debt.

Grants, including Presidential, Pratt, Pell, Federal Supplemental Educational Opportunity (SEOG) grants, etc., are deducted from your bill when awards are finalized. If you have any questions about your financial aid awards, call Financial Aid at (718) 636-3599.

A:Pratt chooses a hard waiver policy therefore we charge all students every semester to ensure each student is covered.

The Health Insurance Fee is then waived upon completing the waiver online with the Health office. Insurance waivers are processed at the end of the drop/add period each semester.

For those students who have waived online already, the Bursar's office will begin waiving Health Insurance charges after September 15, 2008 for the fall. Although you may fill out the waiver once a year, it is charged on your tuition account each semester and then waived.

A: Monday, Tuesday, Wednesday and Friday 9:30am-4:00pm. The Bursar's office is open late on Thursdays from 9:30am-6:00pm.

The Bursar's Office is located in Dekalb Hall on the first floor.

A: You may contact us (718) 636-3539. Our fax number is (718) 636-3740. You may also contact via email below.

A: If you have been approved for financial aid, and have received an award letter indicating you are getting financial aid, then you must contact the Bursar's office. The Bursar's office is responsible for ensuring your funds have been received prior to the posting of the loans or any other financial aid to your accounts. Sometimes, we have to research loans before posting them, which may require us to contact the Financial Aid office, lenders or the guarantee agencies and this can slow down the process.

A: If you have not completed the financial aid process, did not complete your FAFSA, did not complete your loan forms, or are missing required documentation, then you must contact your financial aid counselor. If you are unsure which answer applies to you, it is always best to contact the Bursar's office.

A: You may pay by cash, personal check, money order, travelers' checks, MasterCard, VISA, American Express, Discover, or Wire Transfer via mail or in-person.

B. You may pay online at my.pratt.edu. This service accepts credit cards, checks, and debit cards with a MasterCard or Visa logo. There is a $25.00 non-refundable per transaction fee for credit and debit cards and a $3.00 non-refundable transaction fee for checks.

A: You may contact us directly, and pick up a form, or you may check the web site for information on our payment plan vendor Tuition Management Services (TMS). You may sign up for the payment plan for the entire year at a cost of $105.00 or the semester payment plan option at $97.00. The plan allows you to make monthly payments directly to TMS.

A: Nothing! We appreciate you notifying us that you are on the payment plan. Students will still receive a bill even if you're on the payment plan. It's simple, if you make any changes that affect your balance and you need to pay more or less, you can adjust your payment plan accordingly!

All students are cleared once you have signed up for TMS. However, TMS cancels you out of the payment plan if you are delinquent 60 days or more with your payment. This will result in an immediate Bursar Hold on registration, transcripts and even graduation! Please make sure your TMS budget plan (and any financial aid) covers your balance In full.

TAP

The TAP award on your bill is only an estimate. If it differs from your NYS award certificate, deduct the amount on your certificate and return it with your bill to the Office of the Bursar. You must enroll for at least 12 credits and be a New York State resident to qualify for a TAP award.

Federal Family Education Loans

If your Stafford or Plus Loan has been processed by Financial Aid, we have listed the estimated gross amount of your Federal Family Education Loans for the current semester as “Pending Financial Aid” on the bottom of your statement. You must enroll for at least 6 credits and meet the federal requirements to qualify for a loan.

Books and Supplies

Approximately $3,000 per year, depending on program. Library science students pay approximately $1,000. Students provide their own textbooks and instructional and art supplies. These books and supplies may be purchased either at the bookstore maintained by Pratt (on campus) or at local art supply stores. Bookstore expenses are not chargeable to the student's Institute tuition account.

Samples of undergraduate and graduate budgets:

Tuition: $31,700
Fees: $1,490
Room: $5,976
Board: $3,500
Books/Supplies: $3,000
Personal: $1000

New Architecture Majors

Computer Software (laptop) (Required): $3,600

Graduate (all but Library Science)

Tuition (18 credits): $20412
Fees: $1,390 (does not include Health Insurance)
Room: $11,794
Board: $3,500
Books/Supplies: $2,500
Tuition per credit: $1,134

Information and Library Science

Tuition (18 credits): $16,200
Fees: $1,390 (does not include Health Insurance)
Room: $11,794
Board: $3,500
Books and Supplies: $1,000
Tuition per Credit: $900

Terms of Payment

We are pleased to announce the release of new functionality to my.pratt.edu. "Make a Payment" and "My Tuition Bill" have been added for your convenience.

This option accepts credit cards,checks,and debit cards with the MasterCard or Visa logo.

The fee for this service is a non-refundable $25.00 per tranasction fee for credit cards and a non-refundable $3.00 per transaction fee for checks.

Cash and wire transfers are also accepted. The Bursar's Office will still provide full service at the busrar window during normal business hours.

All paper checks must be payable to Pratt Institute in U.S. dollars and drawn on a U.S. bank. Please include your student ID number on the check. All wire transfers must contain student’s name and ID number.

Pratt Wire Transfer Information:
Sovereign Bank
ABA # 231372691
Bank Acct # 116000340

You must follow-up by mail or by fax at 718-636-3740 to confirm transmission of your wire transfer to the Office of the Bursar. Please note: Wires take 24–48 hours to post to your account.

Tuition Management Systems Academic Year Plan

The cost to join the tuition installment plan is $105.00 for the year. We also offer a semester plan for $97.00 per semester. For further information, call 1-800-722-4867 or visit the TMS website at www.afford.com/pratt .

Refunds

Refunds are generated automatically as a result of excess funds above the amount of tuition, fees, housing, and meal plan costs.

In certain circumstances, emergency refunds can be requested through the Financial Aid office. Emergency refunds are considered a CASH ADVANCE and students are solely responsible for making sure the appropriate funds are received to cover tuition balances. Any refund request, including emergency refunds that are generated as a result of a Parent Plus Loan must have written permission from your parent before the Bursar’s office can issue a check.

A credit balance on a student's account after applying for Title IV funds (Federal Student Aid funds) will be automatically be refunded, and a check will be mailed to the student within 14 days of the later of the following dates:

1) The date the credit balance occurs

2) The first day of classes of a payment period of enrollment

3) The date the student rescinds his or her authorization to apply Title IV funds to other charges or for the institution to hold excess funds.

Collection Corner

If you have an outstanding tuition balance and if payment in full or payment arrangements are not made, your outstanding tuition balance will be referred to a collection agency. Once the account is referred to an outside collection agency it is then the student’s responsibility to contact the collection agency for arrangements to resolve their debt.

For those students who are on Bursar Hold, due to an outstanding tuition balance, payment in full must be received in order to receive an official transcript, a diploma, or participate in any future registrations. If you have any further questions, please contact Derrick Ligon, accounts receivable manager, in the Bursar’s office at 718-636-3600 Ext. 2615.

Bills Are Mailed To One Address

One copy of each bill will be mailed to the address the student lists as his or her "billing" address on registration records. A "billing" address may be established, changed, or deleted at any time by writing or visiting the Office of the Registrar. Due dates cannot be extended because bills have not been received. Only Fall and Spring bills are mailed prior to the start of the semester.

The Bursar's Office will continue to send out bills for the fall 2007 semester. Starting with the spring term, semester bills will be available primarily online and mailed upon request.

The "billing" address is maintained separately for the Bursar's Office and is not affected by changing the "permanent" or "local" addresses. At registration, billing addresses can be changed on the registration data form. At all other times during the year, you must inform the Registrar's Office in writing of the changes required.

Tuition Payment Deadlines

Tuition payment deadlines are published in the Institute’s Academic Calendar which is located on our website. Payment or arrangements are expected at the time of registration. If you are expecting Financial Aid, your aid must be in approved status for the Bursar’s office to extend you credit. If you have yet to file, or are having problems processing your loan applications, you are NOT CONSIDERED CLEARED by the Bursar’s office. Please remember to process your Financial Aid forms well in advance so that you are not put on Bursar Hold and blocked from registration.

All Continuing Students

(Graduate and Undergraduate)

Please return your bill with payment to the Office of the Bursar by August 1, 2008. Add a $75.00 late payment fee after that date.

New and Transfer Students

Return your bill with payment to the Office of the Bursar by August 1, 2008. Add a $75.00 late fee after that date. To avoid late fees, your bill should be paid to the Office of the Bursar by your deadline.

All Students

If you do not intend to return this semester, you must file an official Leave of Absence or Complete Withdrawal Form (with required signatures) with the Office of the Registrar prior to the deadline.

Dormitory/Meal Plans

Dormitory and meal plans must be paid prior to move in. You must present your receipt to Residential Life staff prior to being issued a room key or meal card. If the charge is incorrect or missing, please contact Residential Life at (718) 399-4550 immediately to make adjustments on your invoice and to verify your assignment. Remember to return your bill to the Office of the Bursar with adjustments.

Mandatory Medical Insurance

All students are required to have medical insurance. Pratt charges all students every semester to ensure each student is covered.

For those students with existing medical coverage, an online waiver must be completed by the waiver deadline in order to avoid the student health insurance fee.

The medical waiver deadline is September 11, 2008.

For information regarding your medical insurance options, please contact the Health Services office (718)399-4542.

Federal Perkins Recipients

The deadline to sign for your Perkins Loan is October 31, 2008.

The Federal Perkins Loan Promissory Note is now to be signed electronically. If you are awarded a Perkins Loan, your FASFA pin number is required in order to complete this process online. No financial aid will be credited to a student’s account until after the first 30 days of class. However, before you can sign for the Perkins Loan, your financial aid file must be completed. You will be notified by mail when you will be able to sign your promissory note.

If you do not electronically sign the note, you will not receive the loan. Each student must sign for the loan; your parents CANNOT electronically sign this loan for you.

2008-09 Fees

Fees vary according to program. Full-time undergraduates pay approximately $1490.00 excluding Student Health Insurance. Graduate students pay $1390.00. The health insurance fee is to be determined. Where appropriate, deduct the Student Health Fee if you have completed your waiver online. For a complete listing of fees please refer to undergraduate or graduate bulletin.