Student Finance

Fall Semester Bills Important Information

 Fall semester charges will be available on July 6, 2021!  Here’s what you need to know:

Students will receive a notification from our partner Nelnet when a fall statement is available.

By clicking “Make a Payment” from the email notification, students will be directed to Nelnet to create & verify their account information.  You can also:

• Add Authorized Parties (Parents or others) to View your account, Make a Payment and/or Set up a Payment plan.
• Authorized Users in TMS are no longer valid – students must add an Authorized Party in Nelnet for a parent to have account access
• View your account balance, transactions details and fall semester statement
• Easily set up and save a financial account to make payments

Students can also access their financial account via workday.furman.edu. Click on Finances to view transactions.  Under “My Account” you can select:

• Make a Payment or Set up a Payment Plan to be directed to Nelnet
• View account activity or a statement
• Set up Payment Elections – set up your bank account for Student Refunds
• View your Financial Aid awards/complete required documents
• Housing Self-Service Portal to change your meal plan
• At a later date, Manage Paperless 1098-T to have online access to your 1098-T form

Need more information?  Check out workdaytraining.furman.edu under Student and Finances.

Questions?  Email enroll@furman.edu.

• Fall 2021 Payment is Due by August 15, 2021

Fall Semester payment due date is 8/15/2021 unless you have a payment plan

Authorized Users in TMS are no longer valid – students must add an Authorized Party in Nelnet for a parent to have account access

Workday Finance Goes Live on July 6, 2021

Authorized Users in TMS are no longer valid – students must add an Authorized Party in Nelnet for a parent to have account access

Fall Semester payment due date is 8/15/2021 unless you have a payment plan

Furman offers different payment plans to help spread out semester tuition payments.

                     Payment Plan Types                                  Registration Dates               Number of Payments                            1st Payment Due Date
5- month payment plan                           7/1/2021 – 7/13/2021                               5                                                         7/15/2021
4- month payment plan                           8/1/2021 – 8/12/2021                              4                                                         8/15/2021
3- month payment plan                           9/1/2021 – 9/13/2021                              3                                                         9/15/2021

Payment options:

• echeck
• 529 Savings Plan
• Credit Card
• State PrePaids
• Check mailed to Furman University

Mailing Address: Furman University, Enrollment Services, 3300 Poinsett Highway, Greenville, SC 29613

Generally, this is the process for Prepaid/529 Plans:

• Parents/Students contact their Prepaid/529 Plan, and notify them of intent to use it for the academic year.
• Provide any necessary documentation to the plan. Plans may require students to complete a Transfer Authorization request before your plan benefits will be paid. You can assess the transfer authorization within your plans account.
• Furman will invoice the prepaid plans after Furman’s web add/drop ends (August 27, 2021 for Fall 2021).  Depending on the plan, payments arrive between 30-45 days.
• 529 payment plans should not be used for Furman’s payment plans. 529 lump sum payments are recommended.

For 529 Savings/Prepaid Plans:

• Contact your plan as early as possible and follow any instructions provided by your savings plan. This often involves completing a withdrawal request through your plan.
• Please ensure that your withdrawal request is submitted early enough to allow ample time for processing and mailing before tuition due dates.
• If an invoice is requested, please provide a copy of the current student billing statement, which is found in the Finances application in Workday.
• Please have funds sent directly to the school, the following information will be needed: Student’s First and Last Name, Student’s Furman ID number

For Remaining balances after PrePaid and/or 529:

If you have a balance greater than the amount that your prepaid and/or 529 plan is covering, you have the option to pay the remaining balance by August 15, 2021, or you can register for a payment plan.  Current Balance Due – (PrePaid + 529) = Remaining Balance

Fall and Spring Meal Plans

Log into the Housing Self-Service portal to change your meal plan between July 6 – August 17^th.  The last day to change a meal plan for Fall semester is Friday, August 27^th.

How to change your meal plan in the Housing Portal:

Dining > Dining Plans > Fall 2021 > Change my Meal Plan > Select your new meal plan > Click Purchase Meal Plan

PreAssignments:

• 1st year students will be preassigned to the Unlimited Plan
• 2nd year students will be preassigned to the 190 Plan
• 3rd  year or greater students will be preassigned to the 160 Plan
• Vinings housing assignments are preassigned to the 75 Plan
• Full Scholarship athletes and ROTC are required to have the Unlimited Plan
• The 75 Plan is only available to commuters and those assigned to the Vinings

Furman University has partnered with GradGuard™ to offer tuition insurance from Allianz Global Assistance.

The tuition protection plan is like an extension of our refund policy. It can reimburse up to 100% of your nonrefundable school costs after a mid semester withdrawal for a covered illness, injury, psychological condition, and more—protecting your investment in higher education. Visit the GradGuard™ website for more details.

Insurance must be purchased prior to the first day of classes. Coverage extends through the end of that semester. Tuition insurance is completely optional. The agreement you enter into is with GradGuard, not with Furman University.

• 1098-T

1098-T forms are provided to all students with qualified tuition and related expenses each January. The form reports amounts paid based on transaction date. Accordingly, spring semester charges are reported in the previous calendar year if you register prior to January 1.

We can address questions about the amounts reported on your 1098-T, Specific questions regarding eligibility of the Hope Scholarship, Lifetime Learning or American Opportunity tax credit should be referred to your tax advisor.

Students may view and print duplicate copies of their 1098-T by logging into their MyFurman account, selecting the “student financial information” menu and the “view 1098T” option.

• American Opportunity and Lifetime Learning Credits, Form 8863

Federal tax credits available to eligible students. Consult current IRS publications to learn more.

• Tax Benefits for Education, Publication 970

Federal tax benefits which may be available for those saving for or paying higher education costs.  Find out more from the IRS.

• IRS website, irs.gov

The definitive site for all US tax information.

Summer 2021

• Tuition $3,000 4-Credit
• Housing per semester

-North Village Apartment $1,003

-The Vinings $1,003

-Residence Hall $833

The Dining Hall is not available during the summer to students.

Furman does not provide a health insurance plan for its domestic students.  International students are required to purchase a plan provided by EIIA.  The Earle Student Health Center on campus operates like other physician offices/health practices. Students should bring their health insurance card with them when visiting the center. Students’ primary insurance provider will be billed. Please check with your family insurance provider to make sure that the student will be adequately covered while away at school. Your insurance provider may require an enrollment certification for your student.

Furman does provide all undergraduate day students with a Student Sickness Benefits Plan (at no additional cost) that will generally cover co-payments. Find out more about this coverage.