Jun 25, 2024  
2023-2024 Undergraduate Catalog 
2023-2024 Undergraduate Catalog

Financial Information

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

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.

Undergraduate Tuition and Fees

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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.

Annual College Expenses (Academic Year 2022-2023)

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Tuition (all students)  $47,640
Comprehensive Fee $2,400














Residence Fee – Traditional Residence Hall
(Alumni). Includes unlimited meal plan


Residence Fee – Traditional Residence Hall
(Upgrade to Single Occupancy - Lyons). Includes unlimited meal plan


Residence Fee –Residence Hall Suites (Cashman, Pontigny, Canterbury). Includes unlimited meal plan


Residence Fee – Aubin Hall.  Includes unlimited meal plan


Residence Fee – Townhouse & Apartment Doubles. Includes Block-40 meal plan


Residence Fee – Townhouse & Apartment Singles (Townhouses 200s, 300s, & 400s).  Includes Block-40 meal plan


Residence Fee – Cronogue Hall.  Includes Block-40 meal plan




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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 $1,530 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).


Residence Fees

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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 $5,150 per year ($2,575 per semester) in addition to the residence fee listed.


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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 $2,400. All full-time students and all students residing on campus are charged the comprehensive fee. This fee is prorated for those living off campus and are less than 12 credit hours.

Health Insurance

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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://www.studentinsurance.com/Client/902  for premium and summary of benefits and coverage. The College reserves the right to adjust the rate when policy changes occur.

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.

Textbooks and Supplies

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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.

Payment of Fees

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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 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. so please check your student account often in KnightVision to keep abreast of any chanes that may cause additional charges. Any correspondence about students’ bills will be sent to their SMC email addresses, as this is our primary method of communication. 

The student may authorize one or both of their parents to be granted access to their billing portal.  This is done online, from their KnightVision portal. It is also possible to add a third party individual, aside from a parent.  Details located on our website here https://www.smcvt.edu/admission-aid/financial-aid/billing-payment/proxy-account-access/  


Colmery Act Section 103

Any covered individual, is permitted to attend or participate in the course of education during the period beginning on the date on which the individual provides to the educational institution a certificate of eligibility for entitlement to educational assistance under chapter 31 or 33 (a certificate of eligibility can also include a “Statement of Benefits” obtained from the Department of Veteran Affairs (VA) website – eBenefits, or VA 28-1905 form for chapter 31 authorization purposes) and ending on the earlier of the following dates:

  1. The date on which payment from V A is made to the institution,
  2. 90 days after the date the institution certified tuition and fees following the receipt of the certificate of eligibility.

Saint Michael’s College will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a covered individual borrow additional funds, on any covered individual because of the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement funding from VA under chapter 31 or 33.

Payment Options

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

Refund Policies for Enrolled Students

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Credit balances for enrolled students will be issued as refunds to students as they appear on accounts.  Refunds are processed as checks and mailed to the current address on file for the student if they have not entered their banking information into their KnightVision account.  If they have entered their banking information into their KnightVision account, then the refund will default to being issued as online ACH deposits.  For accounts with Title IV monies in excess of allowable charges, the excess funds will be refunded to the student within 14 days.

Refund and Balances Due Policies for Withdrawn Students

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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, if applicable in accordance with the following schedule. Students will also be responsible for paying in full any outstanding balanes on their account as part of the withdrawal process. 

Length of Enrollment  

Percentage Refunded

Prior to the first day of class  


Within the first week of classes  


Within the second week of classes  


Within the third week of classes  


Within the fourth week of classes  


After the fourth week of classes  


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 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”.

Tuition Refund Insurance

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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.

Collection Policy

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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 will be charged up to but not to exceed applicable Vermont law and 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.