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Financial Matters for Students & Families

We remain firm in our commitment to making an IC education accessible and affordable.

As part of our sincere commitment to affordability, Ithaca College will not proportionally reduce the amount of institutional aid offered to our students and their families to correlate with the significant reductions to the cost of attendance for the coming academic year. While there are circumstances that will legally require aid to be reduced, such as if a student’s aid package exceeds the cost of attendance, we know families are counting on this aid from the college and we stand by the institutional financial aid that has been awarded.
 
In addition, we will continue evaluating changes in family financial circumstances and awarding additional need-based financial aid for those who provide documentation of a significant increase in demonstrated need. Please download our COVID-19 Appeal Form (pdf) for more information.

Financial Hardship or Change of Circumstance

If your family has faced a financial set-back due to a job loss, reduction in earnings, extraordinary expenses (with documentation) or other extenuating circumstances, you may be able to appeal for additional assistance. To initiate this process, please download our COVID-19 Appeal Form (pdf) to submit the appropriate documentation.

Please understand that the Appeal Committee cannot consider subsequent requests, except in rare circumstances involving a significant reduction of income or other substantial change to household information.

Billing

Student Financial Services are generating billing statements August 19-21 that reflect tuition fees only for the fall semester. Students who are approved to live on campus by exception can anticipate a revised billing statement that will include housing and meal plan fees.

Bills will be due by September 8.  Exceptions may apply based on updates and changes to housing assignments determined after the time of billing. All billing statements will be electronic and may be accessed at any time by students through HomerConnect and by authorized payers through QuikPay

Tuition for full-time undergraduate students will remain the same as previously published. Our faculty have worked diligently and are committed to helping our students continue their academic momentum despite this public health crisis in our country. Our classes, regardless of their mode of delivery, are thoughtfully developed and offered by our faculty who are experts in their fields and who are fully invested in the success of our IC students for the long term. Students will continue to earn academic credit and have access to faculty support and mentorship, academic course content specific to their program of study, and a learning experience provided by Ithaca College scholars and practitioners. We will also continue to virtually provide robust student services as well as opportunities for co-curricular engagement through events, workshops, residential community connections, student organizations, speakers, wellness activities, and more.

In addition, to allow greater flexibility for students, we are providing every full-time matriculated undergraduate student the opportunity to take up to three undergraduate credits in winter or summer term 2021 for no additional charge as a part of their 2020-2021 tuition. While these credits would normally require the payment of additional tuition, this coming academic year they will be included within the regular fall and spring semester tuition.

As part of our sincere commitment to affordability, we are also keeping institutional grant awards constant despite the elimination of room and board costs this fall. While there are circumstances that will legally require aid to be reduced, (e.g., if a student’s aid package exceeds the cost of attendance), we know that families are counting on this aid from the college. We will reduce need-based federal aid resources (direct loans and work study) before reducing institutional financial aid.

We ask that students experiencing unexpected financial challenges please reach out to Student Financial Services. We have created a special appeals process and form this year that may allow us to expedite the review of individual situations given the extraordinary circumstances we are in. To initiate this process, please download our COVID-19 Appeal Form (pdf) to submit the appropriate documentation.

Yes, Ithaca College does offer a monthly payment plan through Nelnet. Students have the ability to initiate the plan through their HomerConnect accounts. Instructions for this may be found here.

If you anticipate not being able to cover your outstanding balance by the due date, please contact our office as soon as possible so we may work with you on payment arrangements and financing opportunities available.

No, students will not be charged for room and board if they study from home and take their courses online or they are approved for off-campus housing. 

Yes, students granted an exception based on extenuating circumstances with a scheduled move-in date between August 21st and September 7th will receive an adjustment to the standard room and meal plan rates of 20% FOR THE FALL 2020 SEMESTER, based on the expectation that most students will move out for Thanksgiving Break. The adjustment will not apply if the student requests and is granted an exception to remain in their campus residence after Thanksgiving Break.

Any billing adjustments for changes to an individual’s move-in date, housing assignment, or meal plan may not be reflected on bills until after November 1, 2020.

Full-time students who officially withdraw, take a leave of absence, or are dismissed from Ithaca College are charged a percentage of total tuition depending on the number of weeks attended.  Similarly, financial aid is prorated based on the amount of time attended up until the leave date.

Please refer to the refund schedule policy that can be found here. Adjustments to charges and aid will be itemized on the student account.

Financial Aid

A leave of absence will not impact financial aid eligibility as long as the student is meeting Satisfactory Academic Progress (SAP). Students are guaranteed eight semesters of financial assistance provided they reapply each year.

Students who choose to defer their first year until Fall 2021 will need to submit a 2021-2022 FAFSA to be evaluated for aid eligibility at that time. Institutional aid is subject to change based on the future aid year award policies and demonstrated financial need.

You are now able to apply for 2020-2021 financing options. We encourage you to do so as soon as possible so anticipated loan amounts can reflect on your student account by the billing due date. Parent PLUS loan information may take up to three business days for our office to receive from the Dept. of Education. Private loan credits will not appear on a student’s account until Student Financial Services receives a notification of approval from the lender.

More Information About Loans

There are three main options in the event you have a credit on your account.

  1. You may request that the credit be refunded to you. Refunds can be sent to you via direct deposit or check.
  2. You may be able to leave the credit on your student account. Leaving the credit on the account will allow it to roll over to subsequent semesters.
  3. You may reduce the amount you are borrowing by returning the excess funds back to your lender. To do this, you may email our office at sfs@ithaca.edu to request funds be returned.

As part of our sincere commitment to affordability, we are keeping institutional grant awards constant despite the elimination of room and board costs this fall. While there are circumstances that will legally require aid to be reduced, (e.g., if a student’s aid package exceeds the cost of attendance), we know that families are counting on this aid from the college. We will reduce need-based federal aid resources (direct loans and work study) before reducing institutional financial aid. 

We ask that students experiencing unexpected financial challenges please reach out to Student Financial Services. We have created a special appeals process and form this year that may allow us to expedite the review of individual situations given the extraordinary circumstances we are in. To initiate this process, please download our COVID-19 Appeal Form (pdf) to submit the appropriate documentation.

A student's cost of attendance (COA) incorporates allowances for Housing and Meals costs.  Students who are approved to reside in off-campus housing may apply for financial aid up to the COA to cover expenses for housing and meals. Aid that exceeds tuition charges on the student account may be requested as a refund for the student to apply toward these off-campus expenses.

No, financial aid is only available during periods of active enrollment. If you are not enrolled in courses at Ithaca College, the institution is not able to assist with your expenses, including lease obligations.

You may have outstanding document(s) requirements for federal verification and/or aid disbursement. Please view the Financial Aid and Billing section of HomerConnect to determine if you have any outstanding requirements.

Please refer to the Ithaca College Student Employment website for additional information about remote employment opportunities (here).

Contact Student Financial Services

Monday–Wednesday 8:30 a.m.–4:30 p.m. ET
Thursday 11:00 a.m.–4:30 p.m. ET
Friday 8:30 a.m.–4:30 p.m. ET**

**Friday Summer Hours from May 22nd, 2020 - August 29th, 2020
8:30 a.m. - 3:00 p.m. ; phone services off at 2:30 p.m.

Phones are unattended daily during lunch hour 12:30–1:30 p.m.

We are located on the second floor of the Peggy Ryan Williams Center, just above the Office of Admission.

Secure Online Document Submission

(607) 274-3131