Fall 2007 invoices will be mailed in July by Enrollment Services. Payment for the Fall semester is due no later than Friday, August 17, 2007. Spring 2008 invoices will be mailed in December. Payment for the Spring semester is due no later than Friday, January 4, 2008. You may also receive a monthly invoice reflecting recent activity on your student account. Unpaid balances may be assessed a monthly penalty fee.
Remember, your financial aid award letter is not an invoice. You will receive a Billing Guide with the Fall 2007 invoice. It will provide you with detailed instructions on how to pay your account balance. Please keep the Billing Guide as a reference for the entire academic year.
Your invoice may contain charges for tuition, housing, dining and administrative fees.
NOTE: Books, supplies, transportation and personal expenses do not appear on the invoice. You pay these expenses directly.
With the exception of Federal Work-Study and outside scholarships, one-half of your annual financial aid will be applied as a credit to your student account each semester.
A Federal Stafford Loan or a Federal PLUS Loan or an Alternative loan will not automatically be reflected as a credit to your student account unless the loan proceeds have either been electronically disbursed through electronic funds transfer (EFT) to Carnegie Mellon, or the loan check(s) have been endorsed by you. You must apply for loans.
Reminder: You should subtract approximately one-half of your annual Federal Stafford Loan amount from the balance due appearing on your Fall and Spring invoices.
All first-time federal student loan borrowers must complete a Stafford Master Promissory Note. If you previously borrowed a Federal Stafford Loan (FSL) and completed a Stafford Master Promissory Note, you do not need to complete another Stafford MPN for each subsequent academic year. Your FAFSA will serve as your application. Remember, all first-time federal student loan borrowers must complete an entrance counseling session prior to their federal loan funds being credited to their student account.