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

We anticipate tuition, room and board, and other institutional charges for the fall semester will be posted to the student accounts by the 1st week in August. 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. Fall bills will be due September 1st.

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.

Yes, students will not be charged for room and board if they stay home and take their classes online.

Tuition for full-time undergraduate students will be the same regardless of the mode of delivery of the course. If students are experiencing unexpected financial challenges, please reach out to Student Financial Services.

Based on the staggered move in dates at the start of the term and the expectation that most students will move out for Thanksgiving Break, we will be adjusting room and board rates based on the following chart:

By Move-in Period

  • 10/1–10/8 = 47% of 15 weeks; 7 weeks credit (after Thanksgiving + 4 weeks)
  • 9/23–9/30 = 40% of 15 weeks; 6 weeks credit (after Thanksgiving + 3 weeks)
  • 9/15–9/22 = 33% of 15 weeks; 5 weeks credit (after Thanksgiving + 2 weeks)
  • 9/8–9/14 = 27% of 15 weeks; 4 weeks credit (after Thanksgiving + 1 week)
  • 8/21–9/7 = 20% of 15 weeks; 3 weeks credit (after Thanksgiving)

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.

Students who take all their classes online will receive an adjustment to their cost of attendance to reflect the removal of room and board. 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, (e.g., such as if a student’s aid package exceeds the cost of attendance), we know that families are counting on this aid from the college and we stand by the institutional financial aid that has been awarded.

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.

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