Student bill is known as term bill. The term bill is available on the Student Receivables Office website. Instructions about how to pay a bill are available on the term bill page.
The billing statement for the approaching fall semester includes the following:
- Tuition, health and activity fees
- Housing/Meal Plans (if Harvard affiliated)
- Library fines, missed health appointment fees, printing and plotting charges
- Payments, including your tuition deposit
- Anticipated aid (if applicable)
- Reversed fees or fines
Term bill expenses are charged according to enrollment. If a student is attending for a full year, half of that amount will be charged for each of the two semesters. Financial aid is also disbursed in semester increments unless otherwise noted.
Financial Aid and Anticipated Aid on the Term Bill
Financial aid credits are divided equally between the Fall and Spring semesters. For most students, aid credits will be applied to the e-bill in two equal disbursements, once in the fall and once in the spring. Work-Study will not be reflected on term bill. Students whose aid exceeds their term bill charges will receive a refund (direct deposit required) after they have registered.
An anticipated financial aid credit is a credit that is expected to post to your e-bill at a future date. Anticipated financial aid credits can be thought of as an “advance” of your financial aid funds before they are disbursed and posted on your ebill. Anticipated aid reports are sent to Student Accounts on a regular basis and before each e-bill is generated.
An actual financial aid credit is a credit that has already been disbursed and posted to your e-bill. In the case of a loan, this means you have e-signed all of your promissory notes and the lender has electronically transferred the funds to your account. An actual financial aid credit probably will not disburse until several weeks after the start of each semester.
What do I do with my Term Bill?
Any amount due must be paid. Students whose aid does not cover their bill will have to pay the balance due by the bill deadline or they will not be cleared to register. Once a student has enrolled, they are expected to resolve any balance due monthly, either during the semester or during the summer. If your Amount Due is $0, you do not need to do anything. If you are awarded financial aid, the bill will show the accepted aid subtracted from the semester charges. Those who have a credit after aid is factored in will be given a refund for the credit balance. Students are required to sign up for direct deposit for refunds. More information about direct deposit will be sent to students via email during the summer.
The Monthly Payment Plan
The terms of this plan allow you to pay any balance due over the four months of the semester. A per-semester application fee (currently $35) will be added as a charge on your Term Bill if you decide to take advantage of this plan. Prior semester balances will not be incorporated into the payment plan and must be paid immediately. Aid is subtracted from the balance before the payments are calculated. Participants are expected to make their monthly payments on time, or they may lose access to the plan in the future. To sign up, call the Student Accounts Office at 617-495-2739.
Harvard Affiliated Housing/Rent Charges on Term Bill
Most students who live in Harvard Housing will have their rent charged as a monthly expense on their Term Bill. Those students are expected to pay their rent as it posts each month. Students who do not keep up with their monthly rent payments may be denied lease renewal options in the future. If you are charged rent on your Term Bill during the summer, that must be paid out-of- pocket as it cannot be paid for with financial aid.