Payment

Tuition payment due date for ALL continuing students for the Spring 2012 semester is Wednesday, December 21, 2011. 

Tuition Payment Due date for New Students is Friday, January 13, 2012.

Terms of Payment

"Make a Payment" and "My Tuition Bill" have been added for your convenience to the functionality of my.pratt.edu. This option accepts credit cards, checks, and debit cards with the MasterCard or Visa logo. Good News! We no longer charge a fee for this service! To avoid lines you may pay your tuition bill online with a credit card or a check! Cash and wire transfers are also accepted.

The Bursar's Office provides 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. 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 contact us directly in writing at .(JavaScript must be enabled to view this email address) for wire transfer information.

Please note: Wires take 24–48 hours to post to your account.

Please be advised any cash amounts paid totaling $10,000 or more made within a 12 month period, the IRS form 8300 will be completed and sent to the IRS. Please be sure to have Photo ID.

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.  Any refund request  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 Federal Direct Student Loan 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 Federal Direct Loan funds to other charges or for the institution to hold excess funds.

Refunds are processed in the following order:

1. Federal Direct Loan Student Excess (Federal Loans)
2. Overpayments

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 718-230-6881.

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. Fall, Spring and Summer bills are mailed prior to the start of each semester.

The Bursar's Office will continue to send out bills on a limited basis. Semester bills are 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. You must inform the Registrar's Office in writing of any address changes.