How Billing Works
| Download the Billing Guide (PDF) |
When You’re Billed
Students are billed on a semester basis. You’ll receive an “estimate statement” in mid June for the fall semester and at the end of November for the spring semester. These statements are official bills but are subject to change based on changes in tuition (adding/dropping courses), board plans, room assignments, course fees, etc. After the add/drop period is over, (mid-September for the fall; mid-January for the spring) a final statement will be sent.
The important thing to note is that the estimated statement is an official bill. You’ll make payments on that but will get a final, more up-to-date bill later on. If you’ve overpaid, you’ll have a credit on your account that can be applied later. If you’ve underpaid, we’ll let you know.
How Your Loans are Applied
Stafford Loans will be reflected on your bill once we receive loan funds. (You’ll see them listed as “tentative” on your estimated bill until we receive them.)
Decide if You Want Tuition Insurance
All students are automatically enrolled in a tuition insurance protection plan and need to complete a signed waiver to decline coverage. Tuition insurance covers tuition, fees, room and board. To opt out, send us a letter asking to be waived from this service by mail, email or fax by August 25 (for the fall) and January 12 (for the spring). Late waivers will not be accepted.
Check Out Our Refund Policy
The College will refund according to the dates listed below:
| Dates | Amount Refunded |
| Fall | |
| August 26–September 4 | 80% |
| September 7–11 | 70% |
| September 14–18 | 60% |
| September 21–25 | 50% |
| after September 25 | 0% |
| Spring | |
| January 1–22 | 80% |
| January 29–February 4 | 70% |
| February 5–8 | 60% |
| February 9–12 | 50% |
| after February 12 | 0% |
If a student withdraws or defers and has money due, it must be paid in full. If a student can’t pay, he/she needs to sign a promissory note for the unpaid balance with an interest rate of 1.25 %/month.
A student who withdraws after registration without consent of the dean of students or who is suspended for disciplinary reasons or nonpayment of a financial obligation to the College will receive no refund.
For any and all questions regarding your statement, payment plan option, etc. please don’t hesitate to contact us—we’re here to help!
Gordon College
Student Financial Services
255 Grapevine Road
Wenham, MA 01984-1899
t: 800.343.1379
f: 978.867.4657
e: sfs
gordon.edu
www.gordon.edu/financialaid
Your Privacy Is Important To Us
FERPA (Federal Educational Rights and Privacy Act), is a federal law that protects the privacy of student education records and prohibits an educational institution from disclosing a student’s education records without consent from the student. Generally, Gordon College uses the Student Accounts Payment Contract to obtain the name(s) of anyone other than the student who is permitted access to his/her student account information.