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Paying Your Bill & Other Costs | Freshman and Transfer Students

Financing Options
Refund Requests

The Office of Students Accounts sends bills on a regular basis. Initial billings for fall semester are mailed in July and are due in August. Spring semester bills are sent in December and are due in January. Anticipated financial aid will appear on the bill and is actually disbursed 10 days prior to the start of the semester, if the financial aid file is complete. Hopkins Grants, Federal Pell and other grants, Perkins Loans, Direct Student Loans, and Hackerman Loans are applied directly against your billed charges. Federal Work-Study funds will not be credited on the bill but instead are paid to students each week in a paycheck for hours worked. Outside scholarships and state grants are credited to the bill when they are received. (If you are awaiting the arrival of outside aid, you may deduct that amount from the bill as an anticipated credit.) Hopkins will not bill you for indirect costs such as books, personal expenses, and off-campus rent and meals, even though they are included in your financial aid budget. Therefore, the amount due on your bill will not equal the difference between the cost and the aid awarded. Some students use part of their family contribution to go toward the bill and part to cover indirect expenses. Others find that the bill is covered by financial aid credits, and the family contribution will be used to cover indirect expenses only.

Financing Options (Top)

For families who do not qualify for financial aid or who will need help financing their family's contribution, there are several alternative financing options:

Monthly Payment Plan. Parents are able to budget the cost of tuition and on-campus room and board in five equal monthly installments per semester. Interested families should contact Tuition Management Systems at 800-722-4867 or the Office of Student Accounts at 410-516-8158 for information. Parents can enroll online at

Parent Loans and Supplemental Loans. Parents and students may borrow through the following loan programs.

Federal PLUS (Parent Loan for Undergraduate Students)

You may also wish to consider the following financing options:

Home Equity: Home equity loans (or lines of credit) are usually the least expensive interest-deductible education loans available. There are many sources for these loans.

529 Plans. A 529 plan an investment strategy designed to help families save for future college costs. 529 plans are operated by most states and for the most part provide tax benefits to the person who participates in the plan. These tuition plans allow families to "lock-in" current tuition costs at in-state public colleges and universities. These funds may also be used to pay tuition and fees associated with private colleges and universities. Families may begin paying into the fund years before students are ready to attend a college or university. For more information on prepaid plans, contact your state higher education agency. For comprehensive information about 529 plans, visit

Johns Hopkins University is a member of the Private College 529 Plan, a national consortium of private colleges and universities. Families of freshmen students may prepay for their senior year at current tuition rates through the Private College 529 Plan. Tuition certificates purchased through the Private College 529 Plan must be held for a minimum of 36 months. Families will pay slightly less than the current tuition rate because participating schools discount the cost of tuition by one half percent per year. For more information about this plan, visit .

Life Insurance. Borrowing from whole life insurance typically has a lower fixed interest rate. Contact your life insurance holder for information specific to your policy.

Refund Requests (Top)

If your financial aid credits exceed your billed costs, you may request a refund of the credit balance to help pay your indirect costs (or the credit may be held on your account toward next semester's charges). A credit balance may occur for students living off-campus who are billed only for tuition by Hopkins but use some of their aid to pay for off-campus living expenses. The Student Accounts Office handles the refund process.

If You Reduce Your Courseload

At the beginning of each term, the period up to the last date to add a class or drop a class with a 100 percent refund is considered the registration period. After that date, the Office of Student Financial Services will check students' enrollment for the term. Eligibility rules for JHU Grant funds require that students be enrolled full-time as of that date (unless the student has approval from academic advising for a reduced courseload). Eligibility rules for Federal Direct Student Loans require students to be enrolled at least half-time as of that date. Credits for federal and institutional funds will be reversed if the student is not meeting the enrollment requirement for a particular fund.

If You Withdraw

Students who withdraw during an academic term will receive a tuition refund based on the policy specified in the university catalog. The financial aid award will be adjusted based on the percentage up the semester up to the date of withdrawal. Funds from federal programs will be returned to the Department of Education.

See Return to Title IV funds policy.


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