Payment

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. The fee for this service is a non-refundable $25.00 per transaction 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. 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 http://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 2009 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. You must inform the Registrar's Office in writing of any address changes.