Tuition and fee charges and financial aid awards are applied to the student account each semester. Student loans are typically disbursed to the student account 2 weeks after the semester start date and/or after the first course within the semester (modular based programs). Please note that a student’s annual loan eligibility is typically disbursed evenly between semesters within an academic year. You may choose to either pay your semester balance in full or participate in a monthly payment plan. Please read through this carefully and contact our Student Financial Services team at (847) 317-4200 or [email protected] with any questions. We are here to serve you!
Estimating Your Bill
The tuition and fees page can be used to estimate your total semester balance due by subtracting your semester’s awarded financial aid from your total semester charges.
When estimating your balance, remember the lender withholds an origination fee of: 1.073% for Direct Subsidized & Unsubsidized loans and 4.292% for PLUS loans.
For example, a $1750 Direct Subsidized loan for the fall semester would be credited to your account balance as $1731 after the origination fee was deducted by the lender.
It is also important to realize that federal work-study money is issued directly to the student as a payroll check and will not be applied directly to the account balance. Work-study funds are awarded but only available if the student is able to find an eligible job. Please take this into consideration when estimating your semester balance.
All students are expected to make payment in full for their semester bill or make the first payment on a monthly payment plan prior to the first day of classes. Failure to finalize payment arrangements will result in a $200 fine assessed to registered students following the second week of the semester. Students awaiting their financial aid award letter to be finalized still need to make payment arrangements before the end of the second week of classes. Questions regarding the status of your award letter should be directed to the Student Financial Services at (847) 317-4200 or [email protected].
Trinity Alternative Payment Plan (TAPP)
Students may divide the total semester costs into monthly installments by enrolling in a four, or five-month TAPP. New students will have the option to set up a TAPP once the University has received all required information. This includes completed billing information for meal plan selection, housing assignment, a signed and returned financial aid award letter, and course registration.
Monthly payment plans do not roll over to the next semester, therefore, a student must elect to enroll in a new TAPP at the beginning of each semester. A student is not enrolled in a TAPP unless both the payment and the signed payment plan form are received by the Student Financial Services office by the appropriate due date.
Payment Plan Terms and Conditions
TAPP participants are charged a $50 fee to enroll in the monthly plan each semester. The TAPP fee is divided into the total costs of the semester bill. All TAPP invoices are sent on the 1st of each month (payment due dates are listed below). A $40 Late Fine is charged for any payments received more than five days past the due date. Loans or any other financial aid received will be applied directly to the outstanding balance. If these funds cover the balance in full, the TAPP will no longer be in effect. Any subsequent adjustments to the student’s account such as tuition and/or financial aid increases or decreases or fines are the responsibility of the TAPP participant. These changes will be reflected on the monthly TAPP bills sent from the Student Financial Services office; please pay according to your bill. Student accounts with an outstanding balance will be charged a 1% deferment fee per month following the last payment due date. TAPP participants must be up to date with payments in order to register for the next semester.
Student Account information is available on the Dashboard by logging in at www.my.tiu.edu.
Student accounts with an outstanding balance will be charged a 1 % deferment fee per month following the last payment due date.
TAPP Due Dates
4 Months (1/15, 2/15, 3/15, 4/15)
5 Months (12/15, 1/15, 2/15, 3/15, 4/15)
4 Months (8/15, 9/15, 10/15, 11/15)
5 Months (7/15, 8/15, 9/15, 10/15, 11/15)
2 Months (5/15, 6/15)
If you have any questions concerning the TAPP or Financial Aid award please contact a Trinity Central Associate at (847) 317-4200.
A Title IV aid credit balance is created when the amount of Title IV aid (Federal Pell grant, SEOG, Federal Perkins loans, Federal direct loans, and/or PLUS loans) on a student’s account is greater than the amount of charges assessed to the student’s account (Tuition, Fees, Room, Board, up to $200 of prior year balance and/or other educationally-related expenses). Trinity will automatically issue a refund check for the credit amount on a student’s account unless the student submits the Title IV Authorization Statement, which authorizes us to hold the Title IV credit balance on the student account. Authorization notwithstanding, any remaining credit balance will be sent to the student (or Parent if PLUS loan funds) no later than the end of the final Payment Period for each academic year. If a student authorizes Trinity to hold the excess Title IV funds on his/her Student Account and would like to request the funds in a check before the end of the academic year, they may do so by submitting a Student Account Refund Request.