Expenses

Expenses

Expense Amount
Tuition $54,050
Leave of Absence Fee $30
Room and Board $15,070
Graduation Fee $150
Health Service Fee $350
Student Activities Fee $340
Application Fee $60
Continuation Fee $500
Health Insurance Optional Charge

Acceptance Deposits

Candidates are usually notified of acceptance from January to April and are obliged to forward a nonrefundable reservation deposit of $500 by May 1. The amount deposited is credited toward the first semester bill.

Books and Personal Expenses

A fair estimate of the average personal and incidental expenses for the school year is $900. Books and supplies average about $1,000 for the year.

Payment of Tuition Bills

Semester bills will be issued in June and November via email and are due and payable by the date indicated on each statement. Payment can be made online at https://holycross.afford.com from a checking or savings account, or payment can be made by check or money order, payable to the College of the Holy Cross, and sent to:

Office of the Bursar, College of the Holy Cross
1 College Street
Worcester, MA 01610

In accordance with regulations from the Commonwealth of Massachusetts, the College offers an optional group medical plan to all enrolled students. The charge for this insurance is automatically posted on the student’s tuition bill. International students may not waive the College’s health insurance charge. U.S. citizens living abroad may not waive the College’s health insurance charge if their health coverage is with an insurance carrier based outside the United States or with a Foreign National Health Service program. The insurance may be waived upon completion of the online Health Insurance Waiver found at http://www.holycross.edu/bursars-office/health-vision-and-dental-insurance. The deadline for submission of the waiver is August 15. A new waiver must be completed each year. Upon receipt of the waiver, a credit equal to the insurance charge will be posted to the student’s tuition bill.

The College offers a monthly installment payment plan through Tuition Management Systems (TMS). Information regarding this plan is sent to current as well as prospective students and is available through the Bursar’s Office.

To avoid problems with student registration and a late payment fee, the semester bill is due and payable as specified on the tuition statement. Whenever necessary, the College will cooperate with parents in arranging for any loan plan. However, in those cases when a balance remains on a student’s account and mutually agreed upon arrangements have not been made, the following late fee structure will be implemented:

  • Balances up to $1,999.99 = $50.00 late fee
  • Balances of $2,000 – $2,999 = $100.00 late fee
  • Balances of $3,000 – $3,999 = $150.00 late fee
  • Balances of $4,000 – $4,999 = $200.00 late fee
  • Balances of $5,000 and higher = $250.00 late fee

The policy of the College of the Holy Cross allows for the withholding of transcripts and certifications of academic records from any person whose financial obligations to the College are due and/or unpaid. Delinquent accounts are referred to credit bureaus and a collection agency. If any overdue obligation is referred to an outside agency or to an attorney for collection efforts and/or legal suit, the debt is increased to cover all costs of collection, including interest, penalties, collection agency fees, courts costs, and attorney fees.

Refunds of Tuition, Room, and Board

If a student withdraws during the semester, charges will be prorated if the student has been enrolled for less than or equal to 60 percent of the term. The refund formula measures the actual number of days enrolled during the semester. It is determined by dividing the number of days enrolled by the number of days in the semester including weekends and holidays and excluding Fall Break, Thanksgiving break and Spring break. For example, there are 95 eligible calendar days in the 2019 Fall Semester. If a student withdraws on the 30th day in the semester, the student’s charges and financial aid will be prorated to reflect that s/he was enrolled for 31.6 percent of the semester (30 divided by 95).

If a student is a recipient of Federal Title IV financial aid, refunds to those programs are required by federal law to be the first priority and must be returned in the following order:

  1. Unsubsidized Stafford Loan
  2. Subsidized Stafford Loan
  3. Federal Perkins Loan
  4. Federal Plus Loan
  5. Federal Pell Grant
  6. Federal SEOG

A student is not eligible for a refund until all Federal Title IV programs and other scholarships are reimbursed as required and all outstanding balances with the College have been cleared. After the 60 percent point, there will be no refund of tuition and fees. Room and board fees will be refunded after the 60 percent point only if the removal from campus is due to disciplinary action or medical hardship. Under these circumstances, refunds of room and board will be calculated on a weekly basis. All refunds are subject to assessment of an administrative fee.

The following items are not subject to the refund policy:

  • Visual arts fees
  • Medical insurance
  • Computer installment payment plans
  • Late fees
  • Leave of absence fees
  • Dormitory fines
  • Parking fines
  • Library fines

All refunds are calculated and issued from the Office of the Bursar. Federal regulations require that the final tuition statement of all withdrawing students be finalized no later than 30 days after the withdrawal date. Further information concerning the details of this refund policy may be obtained by contacting the Office of the Bursar.

Credit Balances

If a student’s tuition account is at a credit balance after receipt of all financial aid and payment plan payments, the Office of the Bursar would be able to return excess funds upon receipt of a completed Refund Request Form submitted by the student. A credit balance that is a result of a parent loan, (i.e. MEFA Loan or Plus Loan) will be refunded to the parent, or to the student with written permission from the parent. A credit balance that is a result of a scholarship or grant or a student loan will be refunded to the student.  Refunds from 529 disbursements are issued to the student.  Refunds will not be processed based on anticipated credits.  The student is encouraged to consult with their parents regarding the completion of this form so that all parties are in agreement with regards to the return of excess funds.

Policy Change

The charges made by the College are subject to change at any time by the formal action of the College administration.