FAQs
What is a student account?
Every WPI student will have a financial account managed by the Bursar's Office. This account encompasses various charges and payments, including tuition and fees, room and board, and other applicable expenses. Semester charges are recorded and accessible in Workday, where you have the convenience of printing your own account statement.
Will I receive a bill?
WPI does not issue paper or electronic bills via email. Instead, semester charges are posted directly to your student account, allowing you to generate your own statement. When charges are posted, you will receive an email notification through Workday. In Workday, you have the option to add Friends and Family, who can view your account activity, receive proactive email notifications, generate statements, and make payments on your behalf.
What happens if I do not pay on time?
Failure to pay semester charges by the due date will result in the assessment of a late payment fee. Late fees, which can amount to a maximum of $250.00 per term, may be applied. Additionally, a financial hold will be placed on your account, which prevents any modifications to your registration schedule and restricts access to transcripts. To remove the hold, it is necessary to settle your account balance by making full payment.
What forms of payment are accepted?
WPI accepts eCheck through Workday or credit card payment (MasterCard, Visa, Discover, American Express) by logging into Nelnet. There is no fee to make payment using eCheck. Credit card payments are assessed a 2.85% service charge based on the transaction amount.
What is eCheck or ACH payment?
WPI allows students and Friends and Family to make secure online payment with an eCheck. There is no service charge for making a payment with eCheck. Payments made by eCheck will create an ACH transaction to your checking or savings account.
If my bill shows a zero ($0.00) amount due, do I need to do anything?
If your amount due is ($0.00), you have either a zero or a credit balance. You do not need to make payment.
What is a Financial Hold?
If you have an unpaid balance on your student account, a hold will be placed on your university transcript and registration privileges. To remove this hold, it is necessary to make payment in full for the outstanding balance on your account.
Understanding the significance of outstanding balances is crucial for both domestic and international students before graduation. Clearing these balances is essential for maintaining a clean financial record, which is pivotal for future endeavors such as applying for loans or renting an apartment, regardless of one's nationality. It's important to note that while you may not directly carry your US credit score to a foreign country, unresolved balances can still have long-term consequences. Leaving an outstanding college balance in the US might seem inconsequential if you're returning to your home country, but it can impact your ability to establish credit or access financial services internationally. Additionally, some countries exchange credit information with the US, which could affect your financial standing globally. Graduating with a clean financial slate not only offers peace of mind but also enables you to concentrate on post-graduation plans without the burden of impending debts, regardless of whether you're a domestic or international student. Taking proactive measures to address outstanding balances showcases responsibility and financial maturity, thereby setting a positive tone for future financial decisions for all students.
Does WPI offer any type of payment plan?
Yes, Workday offers a Monthly Payment Plan that allows the student or parent to make monthly payments. See Payment Information.
I didn’t know I had a balance and I did not receive an email, why am I still assessed a late payment fee?
It is essential for students to proactively access their Workday student account. We highly recommend regularly monitoring your account to stay informed about any potential changes or updates.