Cox School of Business - Financial Information
A catalog supplement,
Financial Information: Southern Methodist University,
is issued each academic year. It provides the general authority and reference for
SMU financial regulations and obligations, as well as detailed information concerning
tuition, fees and living expenses.
The supplement is available on the Bursar website at
smu.edu/bursar. For more
information, call 214-768-3417.
Students registering in Continuing Student Enrollment must ensure that payment
is received in the Division of Enrollment Services by the due date (published on
the Bursar website). No confirmation of receipt of payment will be sent. Invoice
notifications are e-mailed to the student’s SMU e-mail address after registration
for the student to view on the Web. If notification has not been received two weeks
prior to the due date, the Enrollment Services should be contacted. The registration
of a student whose account remains unpaid after the due date may be canceled at
the discretion of the University. Students registering in New Student Enrollment
and Late Enrollment must pay at the time of registration.
Students are individually responsible for their financial obligations to the University.
All refunds will be made to the student, with the exception of federal payment
PLUS loans and the SMU Monthly Payment Plan. If the refund is issued by check,
the student may request, in writing, that the refund be sent to another party. Any
outstanding debts to the University will be deducted from the credit balance prior
to issuing a refund check. Students with Title IV financial aid need to sign an Authorization
to Credit Account Form. Students with a parent Plus loan need to have the
parent sign an Authorization to Credit Account Parent Form.
A student whose University
account is overdue or who is in any other manner indebted to the University
will be denied the recording and certification services of the Office of the Registrar,
including the issuance of a transcript or diploma, and may be denied readmission
until all obligations are fulfilled. The Division of Enrollment Services may stop the
registration, or may cancel the completed registration, of a student who has a delinquent
account or debt, and may assess all attorney’s fees and other reasonable collection
costs (up to 50 percent) and charges necessary for the collection of any amount
not paid when due. Matriculation in the University constitutes an agreement by the
student to comply with all University rules, regulations and policies.
Arrangements for financial assistance from SMU must be made in advance of
registration and in accordance with the application schedule of the Division of
Enrollment Services – Financial Aid. A student should not expect such assistance
to settle delinquent accounts.
Students who elect to register for courses outside of their school of record will
pay the tuition rate of their school of record.
A student who wishes to withdraw (resign) from the University before the end
of a term or session must initiate a Student Petition for Withdrawal Form, obtain
approval from their academic dean and submit the form to the Division of Enrollment
Services – University Registrar. The effective date of the withdrawal is the
date on which the Student Petition for Withdrawal is processed in the Registrar’s
Office. Discontinuance of class attendance or notification to the instructors of
intention to withdraw does not constitute an official withdrawal.
Reduction of tuition and fees is based on the schedule listed in Financial Information:
Southern Methodist University and is determined by the effective date of the
withdrawal. The schedule may be found at smu.edu/bursar, or call 214-768-3417.
Please note, however, for students receiving financial aid (scholarships, grants
or loans), when the withdrawal date qualifies for reduction of tuition and fees
charges, the refund typically will be used to repay the student aid programs first
and go to the student/family last. Further, government regulations may require that
SMU return aid funds whether or not the University must reduce its tuition and
fees; hence, a student whose account was paid in full prior to withdrawal may owe
a significant amount at withdrawal due to the required return of student aid.
Therefore, students who receive any financial aid should discuss prior to withdrawal
the financial implications of the withdrawal with staff of the Division of Enrollment
Services.
Medical withdrawals have conditions that must be met prior to re-enrollment at
SMU. Medical withdrawals must be authorized by the medical director, psychiatric
director, counseling and testing director, or vice president for Student Affairs.
Students who live in University housing must obtain clearance from the Office
of Residence Life and Student Housing.
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The SMU Payment Plan
The SMU Payment Plan allows total annual charges to be broken into monthly
installments and spread over 10 months, beginning in June.
For more information about this plan, contact:
SallieMae
One AMS Place
PO Box 100
Swansea MA 02777
1-800-635-0120 or 1-877-279-6092
Other Commercial Plans
The SMU Division of Enrollment Services receives mailings from other entities
offering extended payment plans for credit-worthy families. Contact the division
for more information.
Merit-Based Scholarships
Scholarships are awarded by the Cox School to entering Full-Time M.B.A. and
M.S. in Accounting students on the basis of demonstrated academic achievement
and capability as well as significant career experience and leadership achievement
at the time of acceptance into the Cox program. Scholarships must be used in the
term awarded.
Any student who is awarded a scholarship and who goes on academic probation
will immediately lose the scholarship but may be given an opportunity to regain
the scholarship when his or her cumulative GPA is raised to 3.0 or above.
Financial Aid
In addition to the merit-based scholarships described above, grants, private and
federal loans, and employment programs may be available to Cox students. The
Cox School of Business encourages all graduate students to complete the Free
Application for Federal Student Aid form. The FAFSA may be completed online
at
fafsa.ed.gov. A student can obtain a personal identification number at pin.ed.gov
and use it to electronically sign the application. SMU’s code number is 003613.
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