Fall Tuition is due August 1, 2014. Fall Bills will be available online after July 1, 2014. Spring 2015 Tuition is due December 19, 2014.

 

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. To avoid lines you may pay your tuition bill online with a credit card or a check! Cash and International wires are also accepted. For your convenience, you may also fax a credit card payment using the attached form at the bottom of the page. 
There is a convenience fee of 2.5% per credit card transaction. You will be advised before you complete your credit card transaction that there is a fee and you have the agree to the terms before making payment. If you choose not to agree , then you must choose another method of payment. When paying online, the electronic check option is free.

Log in with your OneKey at my.pratt.edu

  1. Click "Log-In"
  2. On the left side of the page, Click Academic Tools
  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. We do not accept foreign coins or currency for payment.

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.
 

PeerTransfer (For International Students—International Wires)

Pratt Institute has recently partnered with peerTransfer Corporation to offer an innovative way to streamline your international tuition payments. Developed by an international student, peerTransfer offers a simple, secure and cost-effective method for transferring and processing education payments in foreign currencies.

By offering favorable conversion rates unmatched by larger financial institutions, peerTransfer enables our international students to pay from any country and any bank while saving a significant amount of money on their payments to us. Furthermore, students will be able to track the progress of their payment throughout the transfer process which will reduce incoming phone calls. Because peerTransfer captures all the student information at the time of payment, our students will be alerted when their payment is received. peerTransfer provides an online dashboard that will help us in identifying your funds.  

You may access this information via MyPratt or you can find the link to the peerTransfer solution at www.peertransfer.com/pratt.

We are  pleased to offer this exciting new option that will help our international students save money when paying your tuition. Please remember: The funds are transferred and your country will determine if there is a need for you to initiate the wire transfer in person at your local bank. The funds typically take 5–7 business days to receive.

Tuition Management Systems Academic Year Plan

For your convenience, you may divide your payments into 3, 4, 5 or 8, 9, 10  monthly installments. The cost to join the tuition installment plan is $105 for the year or $97 per semester. For further information, call 1.800.722.4867 or visit the TMS website at www.afford.com/pratt. The TMS plan is not available for summer school.

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) where you can choose several options:

        - Leave the funds on your Pratt Pre-Paid Debit Card

       -  Have a paper check directly mailed to you from Acceluraid.com

       -  Have your  funds directly deposited into your own bank account from Acceluraid

The funds will be sent no later than 14 calendar days after the term begins and/or the credit appears on your account.

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.

A separate Authorization is required from a student/parent in order for Pratt to hold the excess funds on a student’s account to pay non-institutional charges, future semester institutional charges within the same award year the excess funds derived from (i.e.  Excess funds derived from fall’s Title IV funds to pay for spring’s semester charges), and/ or to pay minor charges, not exceeding $200, from a prior semester(s).

Refunds are released to eligible students within 14 days after the term begins and/or the credit appears  on your account. 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 or there are incomplete files with the Financial Aid office.

Find out more information regarding the Pratt Prepaid Debit Card.

 

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 not done so, please give access to your parents using the Parent Module located in my.pratt.edu.

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