Student Financial Services

Student Accounts

Student Account Statements are sent each month. Statements include all recent account activity: charges, payments, disbursements of financial aid and loan funds as well as account adjustments.

All pending financial aid is contingent upon completion of all required paperwork. Please be sure to complete all necessary steps to ensure timely disbursement.

Tuition and Fees

2008-2009 Tuition and Fees»

How to Make a Payment

The College accepts checks, MasterCard, Visa, and Discover.

  • Pay by check or credit card online»

  • Enroll in the TMS Monthly Payment Plan»

  • Call Student Financial Services at 617.732.2836 to pay with a check or debit card by phone.

  • Mail a check in the remittance envelope enclosed with the statement to:

    Student Payments
    Massachusetts College of Pharmacy & Health Sciences
    179 Longwood Avenue
    Boston, MA 02115

  • Make an electronic funds transfer (EFT), which should include the following information:

    ABA #: 011000138
    Acct #: 0008306672
    Student Name
    Student ID #

    Please allow one week for Electronic Funds Transfers to be credited to your account. Additional payment and billing information may also accompany your monthly account statement.

    How Aid is Applied

    If the student and parents submit all the necessary information, financial aid will be applied to a student’s account at the end of add/drop each semester.

    Late Payments

    Students with outstanding account balances and/or students who have not completed the requisite steps to ensure timely disbursement of funds (Master Promissory Note (MPN), entrance counseling, endorsing loan check), will be charged a late payment fee. To avoid these fees, students must ensure that all financial obligations (including tuition, fees, health insurance fees and housing charges) are met by the appropriate deadlines.

    Important!
    • Students receiving financial aid and/or private alternative loans must ensure that proper documentation is completed and aid and/or loan funds are ready for disbursement on or before the payment due date in order to avoid a late fee.
    • Students accounts must be paid in full before a student may attend classes.
    • Students participating in the Tuition Management System payment plan must ensure that the payment plan budget for each term will cover all outstanding charges. Payment plan budgets that will not result in a paid-in-full status by the end of the payment term will be assessed a late payment fee. Payment plans are not available for either of the summer enrollment periods (summer I or II).

    Questioning Your Late Payment Fee

    Students wishing to question late payment fees are required to do the following:

    • Pay the student account balance due in full
    • Submit the following in writing to the Office of Student Financial Services:
      • Student name
      • Student ID #
      • The reason(s) or documentation that contribute to the circumstances of the late payment fee.

    Students with Outstanding Balances

    The College reserves the right to hold (a) official transcripts; (b) the diploma certifying graduation; (c) complete board exam certification; (d) registration of the student for any other coursework.

    Withdrawal from MCPHS

    Students withdrawing from the College, who are eligible for federal financial aid, will have their aid eligibility evaluated using a federal formula.

    • The amount of federal aid that will be received is based on the portion of the semester completed prior to the date of withdrawal.
    • If a student has received more assistance than was earned, the excess funds will be returned to the appropriate federal aid program.

    The amount of aid a student is eligible for is based on the percentage of the semester that was completed prior to the initiation of the withdrawal process. For example, if 40% of the semester has passed when the withdrawal process is initiated, then 40% of the federal aid originally scheduled for disbursement has been earned. Once 60% of the semester has been completed, a student has earned 100% of the federal aid they were eligible to receive.

    • If a student received more federal aid than was earned, the College returns the unearned funds based on a formula comparing institutional charges to the unearned percentage of funds.
    • If the College must return a portion of the funds, the removal of those funds from the student’s account will create a balance due, which the student will be required to pay.
    • If the portion of unearned funds is not required to be returned by the College, then the student must return the remaining amount.
    • If the unearned funds to be returned are loans, the student may repay the amount in accordance with the original terms of the promissory note.
    • If the student is responsible for returning any federal grant funding, he/she is not required to return the 50% of the amount that was calculated to be refunded. The remaining 50% is a grant overpayment and must be paid directly to the Department of Education.

    If you have questions about how a withdrawal during the first 60% of the semester may affect your financial aid, please contact the Office of Student Financial Services.

    Please refer to the College Catalog for policies regarding tuition refunds.

    Student Health Insurance

    Students do not have to enroll in the school's health insurance, but they must provide proof of other coverage in order to waive the school's policy. If Student Financial Services does not receive the health insurance waiver prior to August 1, the student will be billed for the insurance premium and will remain responsible for payment.