Business Office: Information for Day Students

Indiana Tech Business Office: Information for Day Students

Information for Day Students

The information provided below is for students enrolled in the traditional Day School.

Clearing Info

The part of the clearing process required by the business office is as follows:

Log on to your myIndianaTech account and complete the following forms:

  • Insurance Acceptance/Waiver Form
  • Information Release Form

Payments

  • Make a payment online
  • Make a payment over the phone
    • Contact the business office at 800.288.1766, ext. 3102 to make a debit/credit card payment.
  • Make a payment in-person
    • Visit the business office on the first floor of Abbott Center at the Fort Wayne campus. We accept payment in the form of cash, check, ACH, money order, and debit/credit card (American Express, Discover, Visa, and MasterCard).

Withdrawals

Tuition adjustments will be granted on the following calendar week basis for students who find it necessary to completely withdraw from school before the end of the semester and who make prompt official application for withdrawal and tuition refund. Complete withdrawal from the university must be initiated by the student. The withdrawal process begins with your advisor.

Withdrawal Deadlines

Term

Withdrawal Dates

Charge*

FALL SEMESTER

 

 

1st & 2nd Weeks

8/28/13-9/10/13

25%

3rd & 4th Weeks

9/11/13-9/24/13

50%

5th Week

9/25/13-10/8/13

75%

After 5th Week

On or after 10/9/13

100%

JANUARY TERM

 

 

1st Day

 

No Charge

2nd Day

 

25%

3rd Day

 

50%

4th Day

 

75%

After 4th Day

 

100%

SPRING SEMESTER

 

 

1st & 2nd Weeks

1/22/14-2/4/14

25%

3rd & 4th Weeks

2/5/14-2/18/14

50%

5th Week

2/19/14-3/4/14

75%

After 5th Week

On or after 3/5/13

100%

SUMMER TERM

 

 

1st Day

 

No Charge

2nd Day

 

25%

3rd Day

 

50%

4th Day

 

75%

After 4th Day

 

100%

*Applies to tuition, room and meal fees only. All other fees are charged in full (100%) for the semester. Housing deposits less any damage charges or fines are refundable on withdrawals after the 5th week. Refundable housing deposits will first be applied to any outstanding tuition account balance. Housing deposits are forfeited on withdrawals during the first five weeks of a semester.

 

Withdrawal forms must be filed with your advisor promptly; otherwise, the withdrawal will not be considered official. The refund policy does not apply to any student who is dismissed from the university because of misconduct.

Tuition adjustments will not be made, nor will tuition be refunded, for individual courses dropped after the fifth day of classes.

Students who are participating in the Title IV programs who find it necessary to withdraw completely from all classes will have their federal aid assessed based on the total actual weeks of completion. The assistance is calculated based on the percentage of time as documented by the withdrawal date provided by the registrar’s office. Charges owed to Indiana Tech are calculated based on the above Institutional Refund Policy.

The federal adjustment policy will be calculated and applied to students who:

  1. Withdraw on or before the 60% point of the enrollment period for which the aid was intended.
  2. Receive Title IV federal student financial assistance for the period indicated in #1.

This policy will be used for only those students receiving federal aid. The net refund to Title IV programs will be applied in the following order:

  1. Unsubsidized FFELP Loans
  2. Subsidized FFELP Loans
  3. Federal Perkins Loans
  4. FFELP Parent Loans for Undergraduate Students (PLUS)
  5. Federal Pell Grants
  6. Academic Competitiveness Grant
  7. National Smart Grant
  8. Federal SEOG
  9. Other Title IV Assistance

Account Balance

How to view your student account balance:

  1. Visit my.IndianaTech.edu
  2. Sign in with your Indiana Tech network login and password
  3. Click the My Account tab at the top of the page
  4. Click the My Account Balances link in the My Account Info box
  5. Click on Course and Fee Statement to see detailed transactions

Refunds

The business office processes refunds every working Friday for our Traditional students unless instructed to hold funds until the end of the semester. You have to have a credit balance on your account to be reviewed for a refund. Please check the financial aid portal to make sure all of your financial aid information is completed so the financial aid office can disburse your awards to your student account. Once this is done if you have a credit balance on your account the business office has 14 days to send your refund to you.

All Indiana Tech refunds are handled through Higher One (see information below). Higher One will alert you when a refund has been processed for you. The financial aid office and the business office do not have aid disbursement or refund dates available.

Disclaimer

There are circumstances which require Indiana Tech to reduce the amount of financial aid that was posted to your account. These circumstances are often the result of a student registering for too few classes, dropping classes, failing to attend classes, and/or not performing well in classes. When this occurs, the financial aid office reduces the award which results in the appropriate funds being pulled from your student account and sent back to the appropriate loan or grant. If a refund of excess financial aid has already occurred, you will be notified of the need to pay these funds back to Indiana Tech.

How to view your grades:

  1. Visit my.IndianaTech.edu
  2. Sign in with your Indiana Tech network login and password
  3. Click the Academics tab at the top of the page
  4. Click the View Unofficial transcript link in the Unofficial transcript box
Higher One

Indiana Tech distributes student refunds through Higher One with the following two options for disbursement:

Debit Card

  • Each new student is issued a card when they have completed enrollment. The card is delivered by the USPS with instructions for activation.
  • With this option, funds are immediately available after Higher One receives and posts the refund file.
  • Cards can be used for POS purchases as well as ATM withdrawals. The daily limit for these transactions are $2,500/day for POS purchases, and $500/day for cash withdrawals. Certain transactions are subject to fees. Visit Higher One's web site for additional information.
  • Replacement cards can be ordered for a fee of $20. Once the order has been placed, the card will typically arrive in 5-7 business days. Contact the business office if your card has been lost or stolen.

Direct Deposit

If you do not wish to use the card, you may elect to have the funds directly deposited into your checking or savings account instead. Please contact the business office if you are interested in direct deposit.

With this option, your funds are available 2-3 days after Higher One receives and posts the refund file.

Visit Higher One’s web site for additional information.

 

1098-t info

1098-t tax forms are sent to each student’s home of record by January 31 each year. The information on the form is also available on my.IndianaTech.edu.

Students are only eligible to receive a 1098-t form if the tuition billed in the calendar year is more than the grants and scholarships posted to his/her account in that year.

How to view your 1098-t information:

  1. Visit my.IndianaTech.edu
  2. Sign in with your Indiana Tech network login and password
  3. Click the Academics tab at the top of the page
  4. Click the Go to My 1098-T info link in the MY 1098-T Info box

Student Health Insurance

For the 2013-14 academic year, Indiana Tech will offer a comprehensive Student Health Insurance Plan. The changes are in response to the new federal mandate for student health insurance by the Department of Health and Human Services addressing the Patient Protection and Affordable Care Act (PPACA). The Indiana Tech 2013-14 Student Health Insurance Plan is compliant with the new federal regulations.

Benefit Highlights

The Breakdown

Benefit/Service

Cost

Annual Maximum Benefit

$100,000 per policy year

Coinsurance

100%

Coinsurance

$250

Hospital or Intensive Care Stays

100%

Prescription Drugs

$15/$25

Physician’s Office Visits

$20 Co-Pay/100%

Medical Emergency

$50 CoPay/100%

Psychotherapy

Included

Diagnostic X-rays & Laboratory

100%

Maternity/Newborn Care

100%

Preventative Benefits

100% include:
Test & Procedures
Contraceptives
Hearing Exams
Immunizations/Injections
Routine Physicals
Preventative Testing/Screenings

Insurance Plan

We have worked hard to find a plan that meets the mandate, while working to keep the cost as low as possible. This student health insurance plan will have many of the generous benefits your students’ future employer may have, making this a great plan with some really nice coverage.

The rate structure for the 2012-13 Student Health Insurance Plan is as follows:

Student Insured

Annual Rate

Spring Rate

Student

$1,456

$1,140

Additional for Spouse

$2,816

$1,968

Additional Child

$2,370

$1366

If you would like to obtain an insurance card, please visit Consolidated Health Plan.

Further communication regarding the Student Health Insurance Plan will be mailed to your permanent address and updates to follow on Indiana Tech’s web site. The 2012-2013 Student Health Insurance brochures will be mailed out in billing packets later this summer.

 

Indiana Tech requires that students have health insurance. To help you meet this requirement, registered students are automatically enrolled into the Indiana Tech Student Health Insurance Plan. Fees for the Student Health Insurance Plan coverage are charged to your student account along with your tuition. If you have existing health insurance and do not want to be enrolled in the Student Health Insurance Plan, you must submit a waiver application each academic year.

For questions, please contact the Business Office at 800.288.1766, ext. 3102 or BusinessOffice@indianatech.edu.

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