Billing for Tuition and Fees

To defer your tuition, obtain a voucher from your employer or organization and present it at the time of registration. Third-party vouchers are applicable only when the college is authorized to bill the company directly. The voucher or letter must be on company letterhead and state your name, student ID number, semester, and the amount of the voucher. Prepare to pay any difference in tuition and fees not covered by your employer or third party. Employee reimbursement plans are not considered third party.

In instances related to registration billing and penalty issues, if a student feels that the school charged them incorrectly or penalized them unfairly, they can appeal the charges.

These cases usually relate to the dropping of courses (and the penalties associated with dropping on or after the first day of classes) and the billing status (resident versus non-resident) of a student. The student must put their complaint in writing, with all documentation reinforcing the reasons for appeal, and present the information to the Registrar’s Office. The Refund Committee reviews complaints at regularly scheduled meetings where each case is approved or disapproved. The Registrar’s Office will contact the student and inform them of the result of the committee review.

Indicate the correct school code on your FAFSA® and New York State Tuition Assistance Program (TAP)  applications. The correct school code ensures that financial aid is applied to your bill promptly. The FAFSA® code for Baruch is 007273.  The code for TAP is 1409.

The financial aid listed on your bill is estimated until paid. Your financial aid is based on financial need and other factors such as enrollment status (# of credits you are taking), citizenship, and residency. If you drop classes, take classes that do not count towards your degree, or stop attending, your financial aid could be adversely affected. You are responsible for paying any balance due to decreases in financial aid during or after the semester.

If you withdraw from all of your classes, the College must perform a recalculation of your Title IV eligibility. Title IV funds include PELL, SEOG, Federal Direct Loans, and Federal Perkins Loan. The percentage of aid earned is calculated based on the number of days you attended. You must return any aid or loans you received in excess of the calculated earned amount to the appropriate federal program. The College will bill you for any Title IV funds returned on your behalf by the College.

CUNY regulations require that every student admitted to Baruch for the first time or is returning after two or more semesters must prove that they are a New York State resident. Residency forms and instructions are available on the Admissions Office website. If you are filing residency documents with the Admissions Office, a temporary deferral of your tuition’s non-resident portion will be granted upon request. Once the student’s residency is approved, the deferment is reversed. If the student’s residency is not approved, the student will be liable for the deferred amount.

If you do not make full payment on your tuition and fees and other college bills, your account may be sent to a collection agency. You are responsible for all collection costs, including agency fees, attorney fees, and court costs. These costs are in addition to whatever amounts you owe the college.

Students whose accounts are sent for collection must pay the collection agency directly.  The Bursar Office does not accept payments for accounts sent for collection. In addition, non-payment or a default judgment against your account may be reported to a credit bureau and reflected in your credit report.