Payment Information F.A.Q.
What is the Level Tuition Plan (LTP)?
Transylvania offers an optional Level Tuition Plan to new first-time, full-time freshmen entering in the fall of 2013. LTP permits students to lock in the tuition rate for eight consecutive fall and winter terms. Under the plan, students will pay a slightly higher rate of tuition for the first year, but will be guaranteed that same rate for the next six consecutive fall and winter terms. Students must remain enrolled and graduate in four years to maximize their savings.
New, first-time, full-time undergraduate freshmen, admitted to Transylvania University for the 2013-14 academic year, are eligible for LTP. This is an optional plan.
Students participating in LTP are eligible for the same financial assistance programs and scholarships that are available to everyone.
Over the last few years annual tuition increases have ranged from five to six percent. At that rate, you could save approximately $3,000 during your four years at Transylvania.
New first-time, full-time freshmen should read and sign the LTP contract and return it to the Office of Admissions prior to June 1st. Admissions counselors will be available to answer any of your questions about the Level Tuition Plan and how it works. Applications must be received by June 1, 2013.
What are my payment plan options?
Transylvania University offers two payment plans: a pay-in-full plan and a 12-month plan. Students must select their payment plan by June 1st by logging into TNet and clicking Payment Options Form.
- The net balance of each term’s charges are divided into six monthly installments, due on the first of each month.
- Payments made from July 1 through December 1 cover fall term expenses.
- Payments made from January 1 through June 1 cover winter term expenses.
- An additional $60 processing fee is charged per term.
- This plan is contingent on your account remaining current. Failure to pay on time may cancel the payment plan privilege, and your net balance will become due in full immediately.
- The net balance is due on or before August 1 for fall term and January 1 for winter term.
- Select this plan if your total net balance is covered by financial aid, scholarships, or third party payments.
You must complete the payment options form on TNet by June 1, before the beginning of the academic year. If you do not complete the payment options form you will be automatically placed on the pay-in-full plan.
You must make payments as scheduled to avoid a late payment charge of $20 per month and to avoid having a hold placed on your account.
How is my net balance calculated?
When you register for classes, the student accounting office calculates your financial obligation due to Transylvania University. Your total charges (tuition, housing, meal plan, etc.) less any financial aid, scholarships, or third party payments for each term result in the net balance due.
Here is a sample calculation showing how the net balance is calculated.
How and when are billing statements sent?
E-mails are sent each month to students’ official Transylvania University e-mail accounts reminding them to view their statements and payment plan information. E-mails are sent approximately two weeks before payment is due. Students whose account balance is paid in full will not receive an e-mail. Transylvania University does not send paper billing statements.
How may I pay my balance?
Transylvania University accepts payments via TNet, our online virtual terminal, in person, or by mail. Tnet and our online virtual terminal accepts electronic checks, MasterCard, Discover, and American Express.
Why did my payment amount change this month?
Changes in financial aid, tuition, course fees, housing, meal plan, or other charges may result in an increase or decrease in the amount due for the month. Students may, at any time, elect to pay an amount greater than the amount due on the billing statement, or pay the entire balance in full.
If my financial aid, scholarships, or third party payments create a credit balance on my account, when will that be available?
Typically, the student accounting office processes refunds the Wednesday after tuition charges become final for the term. Check the academic calendar for the exact date. We issue a refund whenever an account shows a credit balance. Sign up on TNet to receive your refund via ACH direct deposit into your bank account by clicking Bank Information (U.S.) on TNet and entering your bank account information.
Does the university offer a tuition refund plan?
Transylvania University does offer a tuition refund plan, administered by A.W.G. Dewar, Inc. This optional insurance protects your educational investment by reimbursing 100 percent of tuition if you are forced to withdraw from school due to a personal illness or accident. If you withdraw due to a mental or nervous disorder, 60 percent of tuition is covered. Read this brochure for more information. Visit TNet and select Payment Options Form to sign up.
As a student, how do I view billing statements and payment plan via Tnet?
- Browse to http://tnet.transy.edu.
- Click on Log In, in the black banner at the top right, then enter your TNet user ID and password, which are the same as your Transylvania e-mail ID (the part before the @transy.edu) and password, if you already have one.
- If you are a new student and do not yet have a Transylvania e-mail address and do not know your Tnet information, click on the TNet for Guests menu bar on the right, then click on What’s My User ID and What’s My Password links as needed. Passwords are sent to the e-mail address we have on file.
- Once logged in to TNet, click on the Tnet for Students menu bar.
- Select My AR Statement or View My Payment Plan Schedule, and click Submit.
- Check the box next to the term (current or next) or year (current or prior) that you wish to see. Click Submit.
You should see your statement. To go back, press the OK button at the bottom and repeat these steps.
What is the Student Services Deposit for?
This deposit is required from all students and will be used to cover miscellaneous charges such as key replacements, health services fees, library fines, etc. If money is deducted from this deposit during the course of a year, the student will have to replenish it up to the $210.00 level before fall term registration (which takes place in early April) in order to gain clearance to register. The balance will carry over from term to term and will be refunded to the student upon graduation or withdrawal from the University. Students may view the status of their Student Services Deposit and statement on TNet.
How do I obtain required books and supplies prior to refund checks being processed?
Pell-eligible students may contact the Accounting office to obtain a book voucher.
Is there anyone who can provide assistance with financial aid and scholarships?
The financial aid office provides counseling about student expenses, financial aid opportunities, and money management. For more information about financial aid, contact the financial aid office at (859) 233-8239.
As a parent or guardian, how do I add money to my student's Crimson Card?
You can add funds with a debit or credit card by going to transy.managemyid.com and clicking on the Parents link at the bottom of the login page. You will need your student's billing number preceded with 22.
You may also mail a check to: Transylvania University, Crimson Card Office, 300 N Broadway, Lexington, KY 40508.
What is the cost of summer school for 2013?
The 2013 fee for Summer School is $1,500 per course. Payment is due on or before the first day of class. If you have further questions, please email firstname.lastname@example.org.