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Paying Your Bills
Student Financial Services creates a "student account" for each student. This account is used both for charges (like tuition, bursar bills, meal plans, etc.) and for payments and financial aid awards.
Loans and grants are disbursed to student accounts on the first day of each semester. One half of financial aid awards are disbursed each semester. Please note: the fall semester covers five months (September through January) and spring semester only includes four months (February through May). Please plan accordingly. Money in your account is first applied to any charges, like your term bill. If there is money left over (for example, if you took out loans to cover living expenses), you will be entitled to a "refund."
Once an account has been set up for you, the University will send you a Net ID and instructions on activating your Net ID and accessing your account in the Student Information System at http://www.yale.edu/sis. Here are some of the things that you will be able to do electronically:
View and pay your term bill using the eBill-ePay system. The University no longer mails monthly term bills. After you login select Billing and Financial Aid Menu to access this system to view and pay your bill electronically. If you prefer to pay by check a required remittance advice (payment stub) is available for printing from the current month's bill and also from the Main Menu, both within the eBill-ePay system. The remittance advice contains complete mailing instructions and is requried with each check payment to assure accurate, efficient, and timely posting to the student account. All bills must be paid in U.S. currency. Checks should be payable in U.S. dollars drawn on a U.S. bank. All other checks will be returned to the sender without being processed. A printer friendly (PDF) version of the monthly account statement is also available within eBill-ePay.
Complete the federally mandated Entrance Interview if you have applied for Stafford, Perkins and/or GradPLUS loans. After you login select Billing and Financial Aid Menu and then select Entrance Interview for Federal Loans. If you have questions, you can contact the Student Financial Services Center at (203) 432-2700.
Sign up for Direct Deposit if you have a U.S. bank account and expect to receive a refund of financial aid funds in excess of your term bill. After you login select Billing and Financial Aid Menu and then select Direct Deposit Authorization. If you should change bank accounts you must update your new account information here as well.
Requests for refunds of credit balances must be made online. After you login select Billing and Financial Aid Menu and then Refund Request from Student Account. You can accelerate the availability of your refund by by enrolling in Direct Deposit. Credit balances in your Yale Account will be available as refunds on the first day of each semester (Sep. 3 and Jan. 26). Since it may take a few days for the refund to be processed be sure to bring sufficient funds to cover your expenses during Orientation and the first week of the semester.
Update your Billing, Permanent and Mailing addresses here also. After you login select Your Addresses (View or Change).
The Yale Payment Plan
The Yale Payment Plan is a payment service that allows students and their families to pay tuition, room, and board in ten equal installments throughout the year based on individual family budget requirements. It is administered by the University's Office of Student Financial Services. The cost to enroll in the YPP is $100 per contract. The deadline for enrollment is June 20.
For additional information, please contact Student Financial Services at 203.432.2700 and select "Press 3" from the Main Menu. The enrollment form can be found online in the Yale Payment Plan section of the Student Accounts Web site: www.yale.edu/sfas/financial/accounts.html#payment .
Loans and grants are disbursed to student accounts on the first day of each semester. One half of financial aid awards are disbursed each semester. Please note: the fall semester covers five months (September through January) and spring semester only includes four months (February through May). Please plan accordingly. Money in your account is first applied to any charges, like your term bill. If there is money left over (for example, if you took out loans to cover living expenses), you will be entitled to a "refund."
Once an account has been set up for you, the University will send you a Net ID and instructions on activating your Net ID and accessing your account in the Student Information System at http://www.yale.edu/sis. Here are some of the things that you will be able to do electronically:
View and pay your term bill using the eBill-ePay system. The University no longer mails monthly term bills. After you login select Billing and Financial Aid Menu to access this system to view and pay your bill electronically. If you prefer to pay by check a required remittance advice (payment stub) is available for printing from the current month's bill and also from the Main Menu, both within the eBill-ePay system. The remittance advice contains complete mailing instructions and is requried with each check payment to assure accurate, efficient, and timely posting to the student account. All bills must be paid in U.S. currency. Checks should be payable in U.S. dollars drawn on a U.S. bank. All other checks will be returned to the sender without being processed. A printer friendly (PDF) version of the monthly account statement is also available within eBill-ePay.
Complete the federally mandated Entrance Interview if you have applied for Stafford, Perkins and/or GradPLUS loans. After you login select Billing and Financial Aid Menu and then select Entrance Interview for Federal Loans. If you have questions, you can contact the Student Financial Services Center at (203) 432-2700.
Sign up for Direct Deposit if you have a U.S. bank account and expect to receive a refund of financial aid funds in excess of your term bill. After you login select Billing and Financial Aid Menu and then select Direct Deposit Authorization. If you should change bank accounts you must update your new account information here as well.
Requests for refunds of credit balances must be made online. After you login select Billing and Financial Aid Menu and then Refund Request from Student Account. You can accelerate the availability of your refund by by enrolling in Direct Deposit. Credit balances in your Yale Account will be available as refunds on the first day of each semester (Sep. 3 and Jan. 26). Since it may take a few days for the refund to be processed be sure to bring sufficient funds to cover your expenses during Orientation and the first week of the semester.
Update your Billing, Permanent and Mailing addresses here also. After you login select Your Addresses (View or Change).
The Yale Payment Plan
The Yale Payment Plan is a payment service that allows students and their families to pay tuition, room, and board in ten equal installments throughout the year based on individual family budget requirements. It is administered by the University's Office of Student Financial Services. The cost to enroll in the YPP is $100 per contract. The deadline for enrollment is June 20.
For additional information, please contact Student Financial Services at 203.432.2700 and select "Press 3" from the Main Menu. The enrollment form can be found online in the Yale Payment Plan section of the Student Accounts Web site: www.yale.edu/sfas/financial/accounts.html#payment .
