Graduate Student Financial Information |
Tuition and Matriculation Maintenance
Tuition for graduate courses for the 2003-2004
academic year for courses offered by the School of Engineering (SOE)
and the School of Sciences and Arts (SSA) is $825 per credit hour.
The tuition for a typical 3-credit-hour graduate course is $2,475.
Tuition for graduate courses for the 2003-2004 academic year for
courses offered by the School of Technology Management (STM) is
$715 per credit hour. The tuition for a typical 3-credit-hour graduate
course is $2,145. Students who have completed or have already enrolled
for all needed credits, and who need to maintain matriculation while
completing a thesis, special problem, dissertation, project or other
degree requirements, must enroll for Maintenance for Matriculation
(D999) and pay a $150 fee in addition to any other required fees.
Other Fees
For the 2003-2004 academic year you are
required to pay a $90 graduate enrollment fee for each semester
you are enrolled in classes, part of which is used to support graduate
activities. Certain classes may have lab fees and course materials
fees. The amounts of those fees vary and are individual to the departments
and locations. A fee for binding three copies of the thesis is required
in advance of the last term of study for the master’s and
Ph.D. degree. A microfilming fee is also required for the Ph.D.
degree. There is a $60 late fee for Change of Enrollment forms submitted
after the Add/Drop deadline (withdrawals are excluded), and a $50
fee if you submit your Application for Candidacy after the due date.
Stevens requires all graduating students to pay a $175 commencement
fee. There is a $35 fee for checks that are returned by the bank.
There is a $10 fee to replace full-time student ID cards. There
is a $250 late payment fee and a $50 deferred payment fee.
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Transcripts
Stevens will release your transcript to
anyone you request, provided that your student account is not overdue.
You should allow approximately one (1) week to process the transcript.
The transcript will be sent directly by Stevens in a sealed envelope
to the party that you request it to be sent. Stevens will only release
an official transcript to you in a sealed envelope.
Health Insurance
All full-time students and international
students on a J-1 or F-1 visa are required to have health insurance.
Copies of the insurance brochure are provided to all full-time students.
All full-time students are charged for health insurance unless proof
of other health insurance is provided to Stevens and a waiver is
obtained from Student Financial Services. Health Insurance is also
available to all part-time students. The brochure and rate information
is available on the Web at http://www.stevens.edu/chs/insurance.htm.
Books and Supplies
You can purchase all your required textbooks
at the Campus Store or through the Campus Store Web site at www.stevenscampusstore.com.
They will ship your textbooks via UPS directly to any address you
request, for the cost of the textbooks plus the UPS charge. The
Campus Store accepts American Express, MasterCard and Visa.
Graduate Student Housing
If you would like to live in Stevens Graduate
Housing, please contact the Office of Residence Life at (201) 216-5128
for a housing application. You may also download one from the web
(www.stevens.edu/housing)
and fax it to our office at (201) 216-8324. A $350 deposit must
accompany all completed applications. The deposit will be applied
to the housing costs. If you decide not to occupy your room, your
deposit will be forfeited.
Graduate residences are all off campus.
The rates per semester for the 2003 - 2004 academic year are:
1036 Park Avenue, shared occupancy |
$1,750 |
1036 Park Avenue, single occupancy |
$2,100 |
110 Washington Street, shared occupancy |
$2,350 |
110 Washington Street, single occupancy |
$3,300 |
Graduate Apartments, shared occupancy |
$2,900 |
Please note: there is an additional charge
for summer and winter session housing. Please contact the Office
of Residence Life for additional details.
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Meal Plans
Graduate students are not required to be
on a meal plan unless they live in undergraduate housing. There
are commuter and apartment resident meal plans available. Please
contact the Office of Dining Services at (201) 216-5128 for additional
information.
Account Statements
Account statements are sent to your permanent
address. Stevens will mail statements to another address of your
choice if a written request is submitted to Student Financial Services.
Payment
Tuition, fees and charges for student housing
and meal plans are due and payable at the time of enrollment prior
to the beginning of classes. Students not making the full payment
at that time will receive a bill for the amount due approximately
three weeks after the semester begins. Payment may be made either
by cash, check or credit card. Stevens accepts American Express,
MasterCard and Visa. Checks are payable to Stevens Institute of
Technology. International students need to make payments in U.S.
dollars. Your Social Security number should be included on the check.
You can also pay your bill on the Web at http://www.stevens.edu/es/student
from any browser.
Prompt payment of student account balances
ensures students keep the classes they selected and their advance
housing selections. Grade reports and transcripts will be withheld
if any balance remains unpaid. Balances paid after the due date
or paid with checks returned by the bank will result in additional
fees.
Deferred Payments
If you are not able to pay your bill in
full when you register, you are required to meet with a representative
from Student Financial Services. There is a $50 fee to defer up
to 50 percent of the tuition and fees for six weeks.
Students with unmet financial obligations
are not considered to have valid registrations. They are not allowed
to attend classes, receive transcripts or grades, participate in
graduation ceremonies or receive their diploma. If you withdraw
or graduate from Stevens with a balance due, Stevens will actively
try to collect the unpaid balance. This may include referring the
delinquent account to a credit reporting agency and/or collection
agency.
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Late Payment Fees
There is a $250 fee assessed if your payment
is received late unless you are enrolled in the deferred payment
plan or have made other arrangements with a Student Financial Services
representative. If you are enrolled in the deferred payment plan
or have made other arrangements, and that payment is received late,
you will be assessed the $250 late fee. This late fee cannot be
waived. Please refer all questions to the Director of Student Financial
Services at (201) 216-5555.
Withdrawals
and Refunds
Students who enroll and decide not to attend
class for any reason must officially withdraw from classes by completing
the drop section of the Change of Enrollment form. The Change of
Enrollment form must be submitted to the Student Service Center.
Depending upon the date of withdrawal, professors’ approval
and/or the Dean of Graduate Studies’ approval may be required
prior to dropping a class (please refer to the current Academic
Calendar). The date submitted to the Student Service Center will
determine the official withdrawal date for tuition and fees. Students
must officially withdraw from housing and/or meal plans in writing
to the Office of Residence Life. They will determine the official
withdrawal date for housing and meal plans (which may be different
than the date submitted to the Student Service Center). All tuition,
fees and student housing and meal plan charges will be reversed
based on the official withdrawal date and will be calculated from
the official opening date of classes in accordance with the following
schedules:
Regular academic semester for continuing students
Through the first day of classes |
100% |
After the first day of classes through the second week of
classes |
90% |
After the second week of classes through the fourth week of
classes |
50% |
After the fourth week of classes through the eighth week of
classes |
25% |
Thereafter |
0% |
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Summer Session for continuing students
Through the first day of classes |
100% |
After the first day of classes through the first week of classes |
90% |
After the first week of classes through the second week of
classes |
50% |
After the second week of classes through the third week of
classes |
25% |
Thereafter |
0% |
Federal laws and regulations mandate a
formula for the reduction of financial aid received from the federal
government when students fail to complete at least 60 percent of
the semester. All Federal Direct Student Loans or Perkins Loans
are reduced as follows:
Prior to the first day of classes |
100% |
During the first week |
90% |
During the second/third week |
80% |
During the fourth week |
70% |
During the fifth/sixth week |
60% |
During the seventh week |
50% |
During the eighth week |
40% |
After the eighth week |
0% |
Student Responsibilities
Any loss occasioned by damage to Institute
property will be charged to the student or students responsible,
but if we do not know the students causing the damage, the costs
may be assessed equally upon all members of the student body. The
Institute reserves the right to exclude a student at any time if
conduct or academic standing is regarded as undesirable, without
assigning any further reasons. In such cases, fees will not be refunded
or remitted in whole or part, and neither the Institute nor any
of its officers shall be under any liability for such exclusion.
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Financial Aid
Many sources of financial aid are available
to graduate students. These include fellowships, assistantships,
federal work-study positions, on-campus employment, employer tuition
assistance plans, loan funds and deferred payment plans. Fellowships
and assistantships are granted on a competitive basis to outstanding
full-time graduate students. Applicants should consult the Office
of Graduate Studies for more information. Continuing students may
become eligible for additional sources of aid as they progress through
the program and should consult with the Office of Graduate Studies
at regular intervals.
Graduate Assistantships
and Fellowships
Graduate Assistantships (teaching, research
or other) are available in every academic department and in some
non-academic departments. Graduate Assistants are appointed based
on recommendation by the appropriate department director or principal
investigator of a grant or contract. Graduate Assistants carry a
reduced course load but are still able to complete the master’s
degree in two years or less.
For the 2003-2004 academic year, Graduate
Assistants with a bachelor’s degree earn $14,400 for the academic
year, plus tuition and fees. Graduate Assistants with a master’s
degree earn $15,400 for the academic year, plus tuition and fees.
Graduate Assistants who have completed 30 credits and have successfully
completed the qualifying examination for the doctoral degree receive
$16,400 for the academic year, plus tuition and fees. For a Graduate
Assistant carrying a typical academic load (18 credits per year
exclusive of summer session activity), the value of the assistantship
is greater than $25,000. Additional support is frequently available
for the summer sessions.
Research Assistantships:
Research Assistantships generally provide graduate tuition and fee
support and a monthly stipend (see above) for services on sponsored
research contracts. Appointments are reviewed and made by the Office
of Graduate Studies after recommendation by the academic department
director or principal investigator.
Teaching Assistantships:
Teaching Assistantships generally provide graduate tuition and fee
support and a monthly stipend (see above) for teaching assistant
services in the academic departments. Appointments are reviewed
and made by the Dean of Graduate Studies after recommendation by
the academic department director.
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Robert Crooks Stanley Graduate Fellowships
provide tuition plus living allowance for graduate students pursuing
a Ph.D. degree. The fellowships are endowed through the generosity
of the late Mrs. Robert C. Stanley and her children as a memorial
to Dr. Stanley, Class of 1899 and former chairman of the Board of
Trustees. A committee appointed by the Board of Trustees makes the
selections.
The Edward Peskin Memorial Award, established
in 1989 in memory of Professor Edward Peskin, HonMEng ‘62,
is awarded to an outstanding graduate student who has completed
at least half of the requirements toward the master’s degree
in electrical engineering.
The van der Veen/Allen Award, established
in 1986 by faculty, staff, students and friends of the department
of Chemistry and Chemical Engineering, the Ph.D. Alumni Club of
the department and the family of the late Francis T. Jones, Sr.,
is given to an outstanding graduate or undergraduate student of
the department, in memory of the late Professor James M. van der
Veen and the late Professor Paul Allen, Jr.
Loans and Work-Study
Graduate students enrolled in a degree-granting
program on at least a half-time basis (a minimum of six credits
per semester) may apply for federal student loans and/or Federal
Work-Study (FWS) by submitting the Free Application for Federal
Student Aid (FAFSA). The results of this standardized application
will allow the Financial Aid Office to determine eligibility for
federal aid. Only U.S. citizens or permanent residents may file
the FAFSA; international students do not qualify for federal assistance.
The FAFSA should be completed and submitted
to the processing center at least eight weeks prior to the beginning
of the semester in which the student plans to enroll. The forms
are available upon request from the Student Service Center in the
lobby of the Howe Center, (201) 216-5555, or can be submitted via
the Web at www.fafsa.ed.gov.
Additional information about graduate financial aid, including free,
on-line scholarship search services, as well as alternative financing
sources, may also be accessed through the Financial Aid Office’s
home page (http://www.stevens.edu/finaid/).
Eligible graduate students may qualify
for up to $18,500 annually under the Federal Direct Stafford Loan
Program. Additional loans are available for students in need of
further funding, including the Federal Perkins Loan and the New
Jersey CLASS Loan (now available to both NJ and non-NJ residents).
A limited number of on-campus employment opportunities are available
under the Federal Work-Study Program. No student can be considered
for these types of assistance without submitting the FAFSA.
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