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I Billing Information
Student account statements are mailed each month to the student's permanent address. Students may authorize an additional billing address if there is more than one financial sponsor.
Actual pre-semester billing statements are mailed prior to the start of each term for students who have participated in pre-registration. Fall semester statements will be mailed in June and July. Spring semester statements will be mailed in November and December. Please use the semester statements and refer to Payment
Options to determine the best payment method for you. Please review your statement carefully. If you find any errors or omissions on your billing statement, or if you make changes in your schedule or housing assignment, please contact the Business Office at (601) 974-1100. The following are items that should be considered when reviewing your statements each term.
- HOUSING charges
should be checked on the billing statement. If the hall indicated
is not where you plan to live, please inform the Business
Office immediately. A meal plan is required for all students
living on campus.
- Once
a student takes possession of a dorm room, no
refund of the room rate will be allowed. Refer to the Millsaps College Catalog (www.millsaps.edu/records/catalog).
- FINANCIAL
AID is based on assistance awarded to the student.
- If
your financial aid is based on full-time enrollment and/or
living on campus, the charges on the billing statement
must reflect the same. If they do not, your financial
awards may be reduced or eliminated.
- All
loan applications should have been previously submitted
to the Office of Financial Aid. F-PLUS Parent Loans and
all non-federal loans, including Nellie Mae, Sallie Mae,
CitiBank and Wells Fargo Alternative Loans, must be guaranteed
as of registration date to be included as part of your
payment.
- If
you have an Alternative Loan from another lender, you
must provide a copy of your Loan Disclosure Statement
in order for this loan to be considered as part of your
payment.
- All
documents required by the Office of Financial Aid must
be submitted in order for your financial awards to be
finalized. Financial awards shown on pre-semester
statements are subject to change or could be eliminated
if you do not submit all required documentation as
requested by the Office of Financial Aid. For
more information on financial awards, visit the Office
of Financial Aid at http://www.millsaps.edu/finaid/.
- REFUNDS:
If requested, refunds will be issued 10 business days after
the first day of class each term or after all financial awards
and loan proceeds are received and
posted
to the student account. Loans for new students
will not be received at the beginning of the semester; therefore,
their refunds will be processed after receipt of loan funds.
- Loans for new students
will be received around the end of September for the
fall term.
- Loans
for new students during the spring and summer semesters
will be received in two disbursements with the second
disbursement
received
around mid-term.
- New
Students: Please plan to receive your refund according
to this information.
- INSURANCE: All full time students are required to have health insurance coverage. Millsaps College is pleased to offer a student health insurance policy to all students. You may view a plan description at www.bollingercolleges.com/millsaps. Students who can demonstrate adequate coverage may waive the insurance plan offered by the College by completing the Online Waver at www.bollingercolleges.com/millsaps.
- If this information is not received you will automatically be enrolled in this policy and the premium will be charged to your student account.
- This policy does not cover students while participating in SCAC/College sponsored sports. Additional coverage is required. (This restriction does not apply to intramural sports.)
- BOOKSTORE
VOUCHERS: Students with a credit balance shown on the
pre-semester billing statement may request
a bookstore voucher to be used in the Millsaps Bookstore
to purchase textbooks
and supplies. If you qualify and would like to request a
voucher during registration, please go to the main hall on
the 1st floor of the Academic Complex. There will be signs
directing you to the correct office. Bookstore vouchers will
not be issued prior to registration. Please refer to Required
Forms for specific information to obtain vouchers.
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II Payment
Options
Payment
arrangements must be made prior to registration each term. For detailed information on a plan,
click on the payment plan name listed
below.
- Millsaps
Plan: Many
of our families find the Millsaps Plan to be an excellent resource
in managing the payment of annual tuition and fees on a monthly
basis. The Millsaps Plan is a ten month, interest free plan to
cover these expenses.
- Deferred
Plan: Allows the flexibility of dividing the balance
due for the current semester into two payments. There
is an administrative charge of $50 per semester.
- Payment
in Full: by semester or for the academic year.
- Summer
School: Payment in Full is required for all summer semesters.
Online
Credit Card Payment allows
you to make
a payment online. Be sure to give the address and zip
code for the credit card holder. This may be different
from the home address.
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III Required
Forms
All students are required to submit the following forms upon admission to Millsaps College. The information submitted will be held on file in the Business Office and referenced as needed. These forms will remain in effect until a written statement revising or rescinding the listed information is submitted to the Business Office. Students are required to update this information annually. For information on specific forms, please
refer to the Required
Forms webpage.
IV HOPE
Scholarship and Lifetime Learning Credit
The Hope
Scholarship is a tax credit, not a scholarship. Tax credits
are subtracted from the tax your family owes, instead of
from taxable income like a tax deduction. Your family must file a federal
tax return and owe taxes to get this tax credit. You cannot get a refund
for the Hope credit if your family doesn't pay taxes. If your family owes
less in taxes than the maximum amount of the Hope tax credit for which
your family is eligible, you can only take the credit for the amount you
owe in taxes.
Your family may claim a tax credit up to $1,500 for each eligible dependent
for up to two tax years. The Hope credit is available only until the first
two years of postsecondary education are complete.
The exact amount of the Hope credit depends on your family's income, the
amount of qualified tuition and fees paid, and the amount of certain scholarships
and allowances subtracted from tuition. The total credit is also based
on how many eligible dependents are in your family, rather than a maximum
dollar amount for the family, like the Lifetime Learning tax credit. For
more information click here: http://www.nasfaa.org/AnnualPubs/TaxBenefitsGuide.html.
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The
Lifetime Learning Tax Credit is a tax credit available to
individuals who file a tax return and owe taxes. This means the amount
of the credit is subtracted from the taxes your family owes, rather
than
reducing taxable income like a tax deduction does. You cannot
get a refund
for the Lifetime Learning credit if your family doesn't pay
taxes. If your family owes less in taxes than the maximum amount
of the
Lifetime Learning tax credit for which your family is eligible,
you can only take the credit for the amount you owe in taxes.
For more information click here: http://www.nasfaa.org/AnnualPubs/TaxBenefitsGuide.html.
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V IRS Form 1098-T: Tuition Statement (PDF)
The
Taxpayers Relief Act requires Millsaps College
to file a form 1098-T, Tuition Statement, with the IRS
and to provide a copy to each student. It is recommended that all
taxpayers consult with their tax advisor, as each individual's
tax situation is different. For additional information, refer to
the IRS Publication 970, Tax Benefits for
Higher Education. For other assistance regarding tax related
questions visit www.irs.gov or
call 1-800-TAXFORM.
Form
1098-T Tuition Statements will be mailed on January
31 each year. Students may access their 1098-T Statements by logging on to Major Access.
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VI MAJOR
BUCKS Debit Card
We
are excited to provide a student debit card for use on Millsaps
Campus. Please refer to the Major
Bucks link
to see detailed information regarding debit card access.
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It
is our goal to assist you in any way we can. If you have questions
concerning
your student account, please contact the Business
Office at 601-974-1100 or 1-800-352-1050
ext. 1100. |
