Payment

 The payment due date for Summer Tuition is Friday May 20, 2013.  Fall Tuition is due Thursday August 1, 2013 .  Fall Bills will be available online after July 1, 2013.

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! There is no 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.

Log in with your OneKey at https://my.pratt.edu. 

1. Click on the Academic Tools tab near the top of the page.
2. Click on the red Academic Tools link.
3. After the system logs you in, click on the 'STUDENTS' menu on the sidebar

Under Bursar you can choose to "Make a payment"  or "My Tuition Bill" to view your bill.

The Bursar's Office provides full service at the Bursar 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 bursar@pratt.edu for wire transfer information.

Please note: Wires take 24–72 hours to post to your account or longer during peak periods.

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

The Office of Financial Aid is committed to assisting students in meeting the cost of a college education. Financial aid has helped millions of students pay for their education beyond high school. The Free Application for Federal Student Aid (FAFSA) is the key to some of the best resources available to you to fund your education. Therefore, it is important to complete the FAFSA by March 1 annually. We want our students to take advantage of all the grants, loans, and work-study opportunities available to them. Should you need assistance, the counseling staff is ready and eager to assist you with navigating through the financial aid process.

We hope the information provided will answer questions asked by most financial aid recipients. Financial Aid at Pratt is awarded on the basis of an academic year (award period). Most financial aid is disbursed in two equal payments over the award period.

Students in good standing may have any excess credit balance on their account returned to them for indirect educational expenses. Any time financial aid proceeds credited the student's account exceed  direct charges, the Bursar's office will send the funds to your Pratt Discover Prepaid Debit Card  ( you must activate your card) automatically or choose to have a paper check mailed to you  from Acceluraid, no later than 14 calendar days after the term begins.

Plus loans processed require a separate authorization from the parent who borrowed the loan in order to release the excess funds to the student. Students are responsible for payment of tuition and fees incurred after any credit balance refund has been released (i.e. changes in registration and/or meal plans or residence hall fees). Credit balance refund distributions are made in accordance with applicable federal guidelines.

Generally, financial aid begins disbursing after the drop/add period has ended for each academic term or when attendance has been verified, whichever is later. Refunds are released to eligible students within 14 days after the term begins. You must participate in your coursework to establish eligibility in order to continue to receive federal aid. Failure to participate in academically related activities will result in loss of eligibility of aid for all or part of the term.  Disbursements may be delayed if you do not meet satisfactory academic progress for a prior term.

For more information regarding the Pratt Prepaid Debit Card please see www.pratt.edu/debitcard .

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 or dligon@pratt.edu .

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 sends 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.

Bills are mailed twice a semester. The most current billing information can always be found online at my.pratt.edu . If you have done done so, please give access to your parents using the Parent Module located in my.pratt.edu !!