Financial Information

Click on a link to be taken to the entry below.

• Undergraduate Tuition and Fees
• Annual College Expenses (Academic Year 2019-2020)
• Tuition
• Residence Fees
• Fees
• Health Insurance
• Textbooks and Supplies
• Payment of Fees
• Payment Options
• Refund Policies for Enrolled Students
• Refund Policies for Withdrawn Students
• Tuition Refund Insurance
• Collection Policy
• Return of Title IV Federal Funds
• Emergency Loan

The following tuition and fees are required of all full-time students. The amounts shown are for the full academic year, half of them due at the beginning of each semester (August and January). Students will not graduate or receive grades or transcripts of records unless all financial obligations have been met.

Saint Michael’s reserves the right to change various prices and policies without prior notice. The College will, however, make every effort to notify schools, students and prospective students of significant changes.

Application Fee—An application fee of $50 is charged to all applicants. This fee is not refundable and must be paid before the application is processed.
Deposits—When a student is accepted for matriculation at Saint Michael’s College he/she will be asked to make a guarantee deposit of $500 within a specified time after receiving notice of acceptance. This deposit will be applied to the initial semester’s tuition bill. This fee is not refundable.

Students registered for 12 credit hours or more are considered full-time students and their estimated expenses are listed in the fee schedule. Students registered for less than 12 credits and living off campus are charged per credit. This charge is $1,445 per credit. On-campus residence is normally made available to full-time students only. Students residing on campus, even if in part-time status, will be required to pay the full-time tuition rate.

Registration for credit hours in excess of 18 is rare and must be approved by the Associate Dean of the College. Any non-first-year student with a cumulative grade point average of 3.7 or higher may petition the Associate Dean of the College to take more than eighteen credits at a flat charge of $600. This charge will be waived for overload credits in musical performance (MU 261/262, MU 361/362, MU 372, MU 374, MU 375, MU 377, MU 378) and/or Military Studies (MS).

Students may enroll in a course on an “Audit” basis, for no academic credit during the first two weeks of the semester, with the approval of the course instructor. The fee for auditing a course is one-half the tuition fee, unless it is being taken as part of a full-time course load, in which case there is no fee. Students may audit only one course per semester (a maximum of four full courses and one audit). The audit is recorded on the student’s academic record as “AU”, but no grade or credits are assigned. The expectations of the audit are established by the instructor, who will verify successful completion of the audit to the Registrar at the end of the semester. An auditor is expected to attend classes, but is not required to complete assignments or to take examinations, unless the instructor requires this level of work.

For the traditional residence facilities (Alumni, Ryan, Lyons), the Residence Hall Suites (Cashman, Canterbury, Pontigny) and Aubin Hall, the Residence Fee as listed above. This includes an unlimited number of meals in the dining hall.

For on-campus apartment facilities (Ethan Allen Apartments, all Townhouses and Residence Hall 4 ), the Residence Fee as listed above includes the Block-40 meal plan which provides 40 meal swipes per semester. Students living in the apartment facilities may pay to purchase the unlimited meal plan for $2,900 per year ($1,450 per semester) in addition to the residence fee listed.

Some courses or programs involve extraordinary time, facilities or supplies by the institution. These may include laboratory sciences, journalism, psychology, music, studio art, private lessons (Cooperating Artists) and independent study/research. Students enrolling in some of these courses are charged additional course-related fees to help defray costs. Applicable fees appear with each semester’s course schedule.

There is a Comprehensive Fee of $1,995. All full-time students and all students residingon campus are charged the comprehensive fee.

The College reserves the right to withhold registration material, the degree, and all information regarding the record, including transcript of any student who is in arrears in the payment of fees or other charges, including student loans and dining and housing charges.

Students may, without charge or penalty, request a change of course or section up to and including the seventh class day in any given semester.

Saint Michael’s College requires that every student enrolled for 12 or more credits, or housed on-campus, have medical insurance coverage—either a personal policy, or the one offered by the College. The Saint Michael’s Student Health Insurance plan is administered by Consolidated Health Plans. Premium rates and plan coverage and benefits are set annually. Visit https://consolidatedhealthplan.com/group/609/waiver/1 for premium and summary of benefits and coverage. The College reserves the right to adjust the rate when policy changes occur. Details of the Insurance plan will be sent to students in June.

Students are automatically enrolled in the Saint Michael’s Student Health Insurance program without exception unless they are already covered under another policy. In that case, students can activate a waiver of the purchase of the SMC student medical insurance by completing the Medical Insurance Waiver Form, by the published deadline. Waiver cards from prior years do not carry forward. No other documentation is acceptable as proof of alternative coverage.

Students are responsible for purchasing their own textbooks and supplies which are available in the Saint Michael’s College Store. The estimated cost of all textbooks and supplies for the academic year is approximately $1,200. This amount will vary according to each program of study in which the student is enrolled.

Saint Michael’s College payment policy calls for all charges to be paid in full by the due date reflected on the billing statement, or at the very latest, prior to the first day of classes. Accounts with past due status may prevent a student from attending classes, participating in room draw and registering for subsequent semesters.

It is important to note that balances may change over the course of the semester as new charges are added for such things as lab fees, damage charges, traffic fines, etc. Saint Michael’s College will send out periodic billing statements during the academic year to communicate those changes.

Billing correspondence will be mailed in the student’s name to their home address and/or sent to the student’s Saint Michael’s assigned e-mail account. It is the student’s responsibility to inform the College if an address other than home should be used for billing purposes. Someone other than the student may be designated as the primary billing contact person; however, the student must complete the Release of Billing Information Form or Proxy Authorization to authorize this request. 

Note: Covered Individuals (any individual who is entitled to educational assistance under chapter 31, Vocational Rehabilitation and Employment, or chapter 33, Post-9/11 GI Bill benefits) are permitted to attend and participate in courses beginning on the date that Saint Michael’s College receives a Certificate of Eligibility.  Saint Michael’s College will not impose any penalties or late fees for covered individuals as a result of non-payment due to delayed disbursement funding from VA under chapter 31 or 33.

Visit the Student Financial Services website at smcvt.edu/finaid to review payment and payment plan options.

Credit balances for enrolled students will remain on the account unless requested by the student. Refunds are issued within three weeks of the request and will be issued to the primary billing contact, as designated by the student, unless otherwise directed in the refund request. For accounts with Title IV monies in excess of allowable charges, the excess funds will be refunded to the student within 14 days.

Students who withdraw or take a leave of absence during the semester will be eligible for a refund of tuition, residence fee, and other fees in accordance with the following schedule:

Weeks are measured from Monday through Sunday when classes begin on Monday.  When classes begin on Tuesday, the week is measured from Tuesday through Monday. Withdrawals must be approved by the Associate Dean of your College and processed through the Registrar before refunds will be processed. Students offered a Saint Michael’s College scholarship or grant will forfeit a percentage of their award equal to the percentage at which the tuition charges are refunded. Students with Title IV federal aid, who withdraw before the 60% point of the semester, will have their federal aid recalculated according to the Federal Return of Title IV Aid policy. Students may be eligible to receive some of the federal aid based upon the percentage of the term completed. Saint Michael’s College may be required to return Federal Funds, they will be returned in the following order: Federal Direct Unsubsidized Loan, Federal Direct Subsidized Loan, Federal Perkins Loan, Federal Direct Graduate Plus, Federal Direct Parent Plus, Federal Pell Grant for which return is required, Federal Supplemental Education Opportunity Grant for which return is required, Iraq/Afghanistan Service Grant for which return is required. In some cases, students may owe Saint Michael’s College a balance due as a result of the returned federal aid.

The last day of the add/drop period is the last day a student may add a class, and the date after which the student is “in” the class for the semester.  If a student withdraws from a class after the add/drop period, the class will appear on the student’s academic record.  Remaining enrolled beyond this date confirms the “purchase” for the entire semester.  If a student formally withdraws within the subsequent two weeks, he or she will receive a grade of “WD”.

As a St. Michael’s student or family member, you may want to consider Tuition Refund Insurance through GradGuard. This elective coverage can minimize the financial impact of a full medical withdrawal for a covered medical reason.

Enroll at gradguard.com or call GradGuard at 877.556.3984. Please note the Tuition Refund Insurance must be purchased prior to the first day of classes.

Saint Michael’s College requires payment in full prior to the beginning of classes. Those accounts with a past due balance will not be allowed to register for subsequent semesters. If a student separates from the College with a past due balance, without making payment arrangements with the Student Financial Services Office, the account will be subject to collection procedures. Collection activity may include referral to a collection agency, reporting to credit bureaus, denial of future Saint Michael’s aid, and denial of all College services including access to classes. To the extent permitted by Vermont law, which shall govern and control this document, associated collection costs, including reasonable attorney’s fees and fees of any collection agency, which may be based on a percentage at a maximum of 33.3% of the principal amount owed, will be the responsibility of the accountholder. Diplomas of graduating students will not be released and requests for grades and transcripts will not be honored until the account is fully paid.

Small short-term loans are made available, without interest, to students who experience unexpected emergencies. For further information contact Student Financial Services.