Bill Payment
Fall bills will be mailed to students' permanent address early July, due early August. Spring bills are sent to the students' local mailbox early November, due early December. For a complete schedule of Tuition and Fees please refer to the ‘Notification of Costs' for your respective class distributed to students in February of each year. Late payments are subject to a $150 late fee.

You can now pay your student account balance online with an electronic check at: www.afford.com/olin. It’s fast and easy. Simply click on the PAY IN FULL tab and follow the prompts. PAY NOW

Payment Plan
To help you afford your educational expenses, the Franklin W. Olin College of Engineering is pleased to make the services of Tuition Management Systems (TMS) available to you and your family.  TMS Interest-Free Monthly Payment Option allows you to spread your educational expenses over ten monthly installments for only a small enrollment fee.  There is no interest and no pre-qualification or credit check for this service.  With this payment option you have 24-hour access to account information through Tuition Management Systems' web site, www.afford.com/olin, toll-free automated account information through InfoLine, and personal account service Monday through Saturday.  Education Payment Counselors are available to help determine your best payment option.

For more information on your specific payment options or to enroll in the Interest-Free Monthly Payment Option with TMS, click HERE or call 1-800-722-4867 to speak with an Education Payment Counselor.

Refund Policy
Students who leave Olin College without approval are not entitled to a refund. A refund is made on billed expenses* and does not include the Student Activity Fee, General Fee or the Health Insurance Premium. Students are not eligible to receive cash or credit for any unused tuition in their scholarship under any circumstances. Approved withdrawals or leaves may be eligible for a refund on billed expenses based on the following schedule:

• Leave prior to 1st Day of Instruction - 100% refund
• Leave prior to the 20th Day of Instruction - 75% refund
• Leave up to the 33rd Day of Instruction - 50% refund
• Leave after the 33rd Day of Instruction - 0%

The refund policy also applies to any Olin need based aid that was previously awarded for the semester. Olin need based aid is refunded to the college using the percentages above. Federal need based aid will be refunded based on the Federal Title IV refund process. Olin College will adhere to any provisions and refund policies set forth by outside scholarship agencies. Any balance created by scholarship refunds is immediately due by the student.

Financial Aid and Loan Refunds
Students that have an overpaid account due to financial aid or loan proceeds will be issued a refund within 14 days after the semester begins or 14 days from receipt of the funds within a semester.

Health Insurance
The Commonwealth of Massachusetts requires students to be covered by a comprehensive health insurance program. Accordingly, the College makes available a general health insurance program to meet the standards set by the Commonwealth through Aetna Student Health. This policy begins in the fall semester and continues for 12 months. Insurance information is mailed in May. Students will be irrevocably enrolled in this plan unless a waiver is completed and received by the Student Accounts and Records Center prior to July 1. The waiver stipulates that personal coverage will be maintained during the enrollment period. If a waiver is not on file by July 1, the student will be billed for the insurance premium and will remain responsible for payment of said premium. The waiver must be renewed annually.

If a student's insurance is cancelled at any point during the year they are required to notify the Student Accounts Manager. Aetna Student Health Insurance is available. Please consult the Student Accounts Manager for applicable rates. Payment is due immediately.

Incidental Charges
In addition to Tuition and Fees, Olin College reserves the right to charge the following to a student's account:

Returned Check Fee	$	30
Replacement ID	$	25
Replacement Key	$	35
Replacement Diploma	$	100

Babson Public Safety notifies the StAR center of any parking fines which are charged to the student's account and due immediately.

Phones are available for lease to each student, if needed. Prices are set annually.

Campus Services notifies the Student Account Manager of any dormitory, ID card replacement and replacement key charges which are charged to a student account. Payment is due immediately and appeals may be made through Campus Services.

Olin Dollars
"Olin Dollars" is a feature of your Olin ID/OneCard. Olin Dollars act as a debit account for students to purchase items and services. The current program involves laundry, Coca-Cola vending, postage and mailing supplies, Olin gear and off-campus dining at some area restaurants.  Olin hopes to expand the program on campus and possibly throughout the community. 

"Olin Dollars" can be purchased at https://onecard.olin.edu using your network credentials or you can purchase dollars with a check or cash at Financial Affairs, located in MH316.. Parents can add funds to a their student’s OneCard account via https://onecard.olin.edu. Parents will need three simple pieces of information, (1) the student’s first name,  (2) the student’s last name and (3) the student’s Olin email address.  This feature will be available for  new students in early August. 

The minimum amount to start an account is $10. Olin Dollars work like a true debit system for things purchased. No fees or service charges are debited from your account.  Funds may be rolled over from semester to semester and year to year.

"Olin Dollars" program details are subject to change.

Personal Property Insurance
The college is not responsible for the personal property of students while in the Residence Halls. To obtain personal property insurance you may refer to http://nssinc.com. Brochures are also mailed out each May from the Student Accounts and Records Center.