Billing & Payment
MCNY charges tuition on a per semester basis. Students who are enrolled in one of our onsite programs are liable for full tuition & fee payment by the first day of classes. Those students who cannot satisfy their balance in full by the first day of classes, must setup a payment plan with the Bursar office.
International students are required to pay 40% of their total charges upon registering and are required to setup a payment plan for the remaining 60% of their balance. This balance must be paid within two months from the date of the initial payment. Please note that scholarships are deducted before determining the payment plan balance.
Emergency & Disaster Management Online Program: Domestic students who are enrolled in the Emergency & Disaster Management Online program are liable for the full tuition & fee payment for Session 1 and Session A by the first day of classes. Additionally, students who are enrolled in Session B are liable for full tuition payment by the first day of Session B.
International students who are enrolled in the Emergency & Disaster Management Online program are required to pay 60% of their total charges upon registering for Session 1, Session A and Session B. The remaining 40% of their total charges is due by the first day of Session B.
MCNY students receive a tuition rate guarantee* provided that they attend consecutive semesters while enrolled in a degree program. Students who leave for one semester or more (excluding summer semester) and return will be charged the current tuition rate for new students.
* The College reserves the right to adjust the amount of Tuition and Fees whenever necessary.
Students who are advised on the day of or after the first day of class will be charged the late registration fee of $50.00.
MCNY maintains a single account for every student to which all charges and credits will be applied. A Statement of Accounts is presented to student upon registration and published monthly to a student’s Self-Service account.
Payment for tuition and fees are due by the start of each semester or by the due date listed on the billing statement. Financial Aid will release credits for grants, loans, and scholarships after verifying the accuracy of the information upon which the award was based. Typically, half of each award will be credited per semester. Any student who fails to pay the balance on the Statement of Account by the specified due dates will have a Bursar Stop placed on their student account and not be allowed to register, receive academic transcripts or diploma. Please allow enough time for mailing of your payments.
Payment may be made by Visa, MasterCard, American Express, Discover, check (US funds only), money order, travelers check, cash (in person only), and wire transfer, or through the College’s electronic payment system, CASHNet, described in more detail in the next section.
Please make checks payable to MCNY and include the student’s name and MCNY ID number on the face of the check to ensure accurate posting. Checks for tuition and fees charged to your student account should be mailed to:
Metropolitan College of New York
60 West Street
New York, NY 10006
For Wire Transfers:
|Payee Name:||Metropolitan College of New York|
|Payee Address:||60 West Street
New York, NY 10006
|Account Name:||Student Aid Account|
|Bank Name:||JPMorgan Chase|
|Bank Address:||270 Park Avenue
New York, NY 10017
|Bank Officer:||Vonetta E. Jones (855) 237-2612|
Invoices to registered students are sent electronically. An email will be sent to the student’s MCNY email address (@mcny.edu) notifying him/her that the invoice is ready to view through the Self-Service internet portal. By logging into your Self-Service account, you can access MCNY’s secure electronic billing and payment system called CASHNet.
All checks returned from the bank (including e-Check or ACH transfer) will incur a penalty of $40. The College cannot presume that the student has withdrawn from classes because the check has not cleared or has been stopped; payment and penalty remain due. Payment for the amount of the returned check and the $40 returned check fee must be made with cash, certified bank check, or money order. Another personal check will not be accepted.
Students whose tuition and fees are being paid for by a third party (employer, government agency etc.) must provide documentation to the Bursar office from the third party indicating that the institution is paying the student’s tuition and how much they will cover. The student must also fill out a Third Party Billing Agreement Form with the Bursar office.
On-Site Programs: Students are encouraged to pay their total account balance in full by the first day of classes. However, if a student is unable to make the payment, the Bursar office requires those students (whose financial aid does not cover their balance in full) to submit a Payment Plan Contract to the Bursar office. Payments are to be made over the course of the 4 months in the semester. It is required that students make an initial payment upon setting up their payment plan contract. Please note that we offer weekly, bi-weekly and monthly payment plans.
Emergency & Disaster Management Online Program: Students are encouraged to pay their total account balance in full by the first day of classes. However, if a student is unable to make the payment, the Bursar office requires those students (whose financial aid does not cover their balance in full) to submit an EDM Payment Plan Contract to the Bursar office. Payments are to be made over the course of the 7 weeks for balances in Session 1/Session A & in the 7 weeks for balances in Session B. It is required that students make an initial payment upon setting up their payment plan contract. Please note that we offer weekly, bi-weekly and monthly payment plans.
On-site Programs: International students are encouraged to pay their total account balance in full by the first day of classes. However, for those international students that are enrolled in one of our on-site programs and are unable to make the payment, they are required to pay 40% of their total charges upon registering and they must submit an International Payment Plan Contract for the remaining 60% to the Bursar office. The remaining balance must be paid within two months from the date of the initial payment. Please note that scholarships are deducted before determining the payment plan balance.
Emergency & Disaster Management Online Program: For those International students that are enrolled in the Emergency & Disaster Management Online program, they are encouraged to pay their total account balance in full by the first day of classes. However, if a student is unable to make this payment, they are required to pay 60% of their total charges upon registering. Additionally, the remaining 40% is due by the first day of Session B.
Please note: Payment to the college is the responsibility of the student. Payment is not contingent on receiving grades, receiving passing grades, or completing courses. In the event that a student’s financial aid, loans or third party payment are not realized, the student is responsible for paying any outstanding balance through other means. Failure to receive an invoice in the mail is not sufficient grounds to appeal college policy. It is the responsibility of the student to check their account balance online and remit timely payment.
Students that do not resolve their outstanding balance(s) and remain unenrolled with the college for a year will have their balance(s) reported to a third party collection agency. Additionally, their balance(s) will be reported to the national credit bureau and the student will be responsible for all collection fees and interest charges.
* The College reserves the right to report a student’s outstanding balance(s) to a third party collection agency at any time. As a result, outstanding balance(s) will be reported to the national credit bureau and the student will be responsible for all collection fees and interest charges.
Per federal policy, Pell eligible students can be granted a refund advancement of up to $300.00 towards the purchase of books and supplies. The amount has been determined based on the cost of attendance at the Metropolitan College of New York. By signing and submitting a Book Advance form, the student understands that:
- Student must be enrolled for the semester that they request the Book Advance.
- Student must be Pell eligible and submit all required paperwork to the financial aid office and satisfy all Admissions requirements.
- Student must be anticipating a Title IV based credit balance (Title IV funds include Pell, Unsubsidized Loan, Subsidized Loan and Federal Supplemental Educational Opportunity Grant/FSEOG).
- Students, who have a prior year balance but are anticipating a Title IV credit balance, will have up to $200.00 of their credit used within the academic year towards their prior balance first, in accordance with federal regulations. The remaining amount will be used towards their Book Advance refund.
- Book Advance submissions will not be accepted after 1 month from the first day of classes for the semester of the request.
- Students will receive a Book Advance refund of no more than $300.00.
- If the student is approved for the Book Advance refund, the student authorizes the Metropolitan College of New York to advance a partial refund to them prior to the first day of class.
- Refund files are sent to BankMobile every Tuesday by 1:00pm. BankMobile will then issue the refund to the student based on the refund preference they have selected at http://www.refundselection.com. Failure to select a refund preference will result in a delay in the issuance of the student’s Book Advance refund.
- Student refunds will be processed by BankMobile and will be issued to the student based on the refund preference they have selected at http://bankmobiledisbursements.com/refundchoices/. Failure to select a refund preference will result in a delay in the issuance of the student’s Book Advance refund.
- Student is responsible for full repayment to the Metropolitan College of New York in the event that the student’s financial aid eligibility changes or their awards require re-calculation due to a change in his or her course schedule. He or She will be responsible for any balance incurred due to the Book Advance refund.
- If the student does not receive financial aid or withdraws prior to receiving his or her financial aid, all outstanding charges including the Book Advance charge, will be their responsibility.
*The College reserves the right to change the date and time in which the refund files is sent to BankMobile whenever necessary.
For those students who are not Pell eligible but have a Title IV credit balance available after submitting all required paperwork to the financial aid office and having satisfied all Admissions requirements if they are a new student, can apply for a Book Advance, which can be used through MCNY’s partnership with Akademos, a virtual bookstore, to offer students the option of purchasing books online for below list price. Undergraduates can receive a credit line of up to $300 while graduates can receive up to $500 for book purchases. If you do not use the line of credit, you will not be charged or if you spend less than your line credit, your account will reflect the actual cost. If your total purchase exceeds your credit line, you will have to pay the difference.
Students who have a prior balance are not eligible to receive a Book Advance. Furthermore, all Book Advances expire 1 month from the first day of classes for the semester of the request.
In the event that the student’s financial aid eligibility changes or their awards requires
re-calculation due to a change in his or her course schedule. He or She will be responsible for any balance incurred due to the Book Advance. If the student does not receive financial aid or withdraws prior to receiving his or her financial aid, all outstanding charges including the Book Advance charge will be their responsibility.
A portion of the student’s educational costs may be deductible on Federal and State income tax return via the college generated 1098-T Tuition Statement Tax Form. This can increase the student’s tax refunds. In order for a 1098-T Tuition Statement Tax Form to be generated, students must have a Social Security number or Tax Identification number on file with the Registrar office. Students should consult with an accountant to assure compliance with tax regulations.
Changes to 2018 1098-T From
In previous years, the 1098-T form included a figure in Box 2 that represented the qualified tuition and related expense (QTRE) the college billed to the student account for the calendar (tax) year. Due to a change in institutional reporting requirement under federal law, beginning with tax year 2018, the college will report in Box 1 the amount of qualified tuition relation expenses paid during the year.
Please note: The Metropolitan College of New York has partnered with Heartland ECSI, offering you the opportunity to receive your 1098-T tuition statement electronically this year. If you would like to receive your 1098-T form electronically, please give your consent by following the link provided below and following the step by step instructions. If electronic consent is not received by January 1st 2019, the 1098-T will be mailed the current address on file.
1098-T Electronic Consent
The benefits to receiving electronic notification are:
- Provides access to the form 1098-T earlier than the traditional mailing process.
- Online access eliminates the chance that the 1098-T will get lost, misdirected, or delayed during delivery, or misplaced once the student receives it.
- Signing up for online access is easy and secure.
- Students can access their 1098-T form while traveling or away from their home address.
To give consent to receive your 1098-T form electronically, click on the link below and follow the simple instructions to sign up!
- Visit https://heartland.ecsi.net/index.main.html#/access/eConsent
- Follow the step-by-step instructions on the web form.
- Check the box and click submit.
If you have any questions, please visit http://www.ecsi.net/taxinfo.html for information regarding your tax documents and to obtain contact information for Heartland ECSI.
Accessing your 1098-T Tuition Statement Tax Form
If you would like to access your 1098-T form online after you have given e-consent, you must do the following:
- Select the following Link: Click here to search for your tax document.
- Type in the Metropolitan College of New York in the search field. Once the college’s name appears in the field below, select it and press the “Submit” button.
- Fill in all of the requested information. (Please note that you must put in the zip code that you have on file with the college).
- To the right of “Status Delivered,” select the “+” in order to view your 1098-T tax information.
Students, who withdraw, take a leave of absence, or drop a course(s) after the first day of classes are responsible for tuition charges. The tuition refund amount for withdrawing from their semester courses is based on the date the student submits their semester withdrawal form to the Registrar office. The tuition refunds policy is as follows for students enrolled in one of our onsite programs:
|Before semester begins||100%|
|Through the first week of semester||75%|
|Through the second week of semester||50%|
|Through the third week of semester||25%|
|After the third week of semester||No Refund|
The tuition refund policy is as follows for students enrolled in our Emergency Disaster Management Online program:
|Session 1 & Session A|
|Before Session 1 & Session A begins||100%|
|Through the first week of the Session 1 & Session A||75%|
|Through the second week of Session 1 & Session A||50%|
|Through the third week of Session 1 & Session A||25%|
|After the third week of Session 1 & Session A||No Refund|
|Before Session B begins||100%|
|Through the first week of Session B||50%|
|After the first week of Session B||No Refund|
Any adjustment of aid for dropped courses, withdrawals, and leave of absence will be determined by the Bursar’s office. Students who are due a refund for financial aid or loan funds in excess of their college charges will first have refunds posted to their student account. Refunds are distributed to the student by BankMobile based upon the refund preference selected by the student on https://bankmobiledisbursements.com/refundchoices/.
Please note that MCNY disburses aid in the following order: loans, federal grants, state (TAP) grants, and lastly institutional scholarships. Hence, student refunds usually occur towards the end of the semester.
Students may review their student account (financial aid awards and billing statements for instance) on the Self-Service website.
The Metropolitan College of New York has partnered with BankMobile so that students can select how they receive their refund.
Students can select one of the three refund preferences listed below with BankMobile.
- Same Business Day Deposit to One Account
- Deposits to Another Account
- BankMobile Paper Check via US Mail
Please visit https://bankmobiledisbursements.com/refundchoices/ for the estimated delivery time for each refund preference.
Refund files are sent to BankMobile every Tuesday by 1:00pm. BankMobile will then issue the refund to the student based on the refund preference they have selected at www.bankmobilevibe.com. Failure to select a refund preference will result in a delay in the issuance of the student’s refund.
*The College reserves the right to change the date and time in which the refund files is sent to BankMobile whenever necessary.
Using Title IV Financial Aid Refunds to Pay Prior Year Charges
Due to federal financial aid regulations, the Metropolitan College of New York can only automatically apply a maximum of $200.00 from the current academic year to pay any prior year balances.
Parent PLUS Refunds
If a credit balance is the result of a Parent Plus loan, the credit balance will go to whomever the parent selected to be the recipient of the refund on the loan application. This can be either the student or the Parent. If the refund is to be issued to the parent, it will be sent to the address on file.
This policy applies to students who complete 60% or less of the enrollment period (i.e., Fall, Spring or Summer session) for which they received Federal Title IV aid. A student who drops a class but still completes one or more classes does not qualify for the Return of Title IV Funds policy. The term “Title IV aid” refers to the following Federal financial aid programs: Unsubsidized Federal Direct Loans, Subsidized Federal Direct Loans, Federal Direct PLUS Loans, Federal Pell Grants, and Federal SEOG (Supplemental Educational Opportunity Grant).
To conform to the policy, Metropolitan College of New York (MCNY) must determine the student’s withdrawal date. The withdrawal date is based on the earlier of the two:
- The last date of attendance at an academically-related activity by a student, or
- the date the student began the withdrawal process or officially notified MCNY of their intent to withdraw.
The calculation required determines a student’s earned and unearned Title IV aid based on the percentage of the enrollment period completed by the student. The percentage of the period that the student remained enrolled is derived by dividing the number of days the student attended by the number of days in the period. Calendar days (including weekends) are used, but breaks of at least 5 days are excluded from both the numerator and denominator.
Until a student has passed the 60% point of an enrollment period, only a portion of the student’s aid has been earned. A student who remains enrolled beyond the 60% point is considered to have earned all awarded aid for the enrollment period.
Earned aid is not related in any way to institutional charges. In addition, the College’s refund policy and Return of Title IV Funds procedures are independent of one another. A student who withdraws from a course may be required to return unearned aid and still owe the college for the course.
The responsibility to repay unearned Title IV aid is shared by MCNY and the student. For example, the calculation may require MCNY to return a portion of Federal funds to the Federal Title IV programs. In addition, the student may also be required to return funds based on the calculation. A student returns funds to the Federal Direct Loan programs based on the terms and conditions of the promissory note of the loan. A student who receives a Federal Pell Grant may be required to repay 50% of the funds received. The return of Federal aid is in the following order: Unsubsidized Federal Direct Loans, Subsidized Federal Direct Loans, Federal Direct PLUS Loans, Federal Pell Grants, and Federal SEOG (Supplemental Educational Opportunity Grant).
Sign on to Self-Service and take a look at the electronic services available in the Student Financial Services channel under the Finances tab.
Access Your Financial Aid Information
Student financial aid awards are displayed by aid year, along with a list of documents that have been received and a list of documents still needed to complete your financial aid file. This information is provided in “real-time,” so information is current as of the day and time that it is viewed.
In an effort to offer greater access to invoice and payment information as well as reduce our impact on the environment, MCNY issues electronic invoices. Students will receive a notification to their MCNY (@mcny.edu) email account when an invoice is ready to be viewed online.
Students can now make payments online using a checking or savings account. No more writing checks!
Designate Authorized Users
Students can designate an authorized user (parent, relative, guardian, employer, etc.) to view their account and make payments on their behalf. If a student designates an authorized user, the user will receive email notifications, such as: new invoices available for viewing, or that a payment for his or her payment plan is due, etc..
Store Payment Methods
Students can store payment methods for faster transactions. Simple access the My Profiles link to store either credit card or checking or savings account information. The stored payment method will become an option for payment each time you make a payment through the system.
1098-T Tuition Statement Tax Form
Students can access their MCNY’s 1098-T Tuition Statement Tax Form(s) online using the following steps:
- Click on the following link “Click here to retrieve your login credentials” and enter the requested information. Click “Submit” to receive your password.
- Click on the link that say “Login Page” and enter our school code (3H), your account number (your SSN) and password.
- Once in your account select “Tax Information” link and scroll down page to select the appropriate year’s 1098-T Form you would like to view.
Electronic Bills & Payments
CASHNet is a new electronic billing, payment and refund service offered by MCNY. Through this service, students will have the ability to check monthly billing statements and pay tuition and other expenses online.
- Convenient access to e-bills and payment services 24 hours a day / 7 days a week via the Internet using your secure, MCNY Self-Service account.
- Ability to make payments via electronic check or credit card (American Express, Discover, MasterCard and Visa).
- Private secure services. Data is encrypted.
- Convenient access for Parents and other Authorized Users/Payers to view student billing information and make payments on behalf of the student.
- Access to online payment history.
- Ability to print an e-bill at any time via the Internet.
- Email notification that e-bill statement is available and/or optional notification via text message.
Students will access CASHNet through the Finances Tab of MCNY’s Student Portal – Self-Service. Once there, students will be redirected to CASHNet’s secure portal to view official eBills and/or make payments. Here is what you will do:
- Go to selfservice.mcny.edu
- Enter your username and password.
- Select BILLING AND PAYMENTS from the navigation bar.
- Select BALANCE from the red navigation bar to view your current balance detail. (You may bypass this step.)
- Select PAY ONLINE AND VIEW BILLING STATEMENTS from the red navigation bar. This link will take you to the CASHNet portal where you will be able to view your balances, make your payment and/or view your static billing statement.
Please note: Billing statements are generally published every month. Although the information on the statement is static, the CASHNet balance will always be the real-time balance.
Each time a new billing statement is available, an email from firstname.lastname@example.org will be sent to your official MCNY email address.
Students have the option to designate a parent, spouse or others to be Authorized Users/Payers. Students use their own CASHNet account to set up and manage Authorized User/Payer accounts. After students designate individuals as Authorized Users/Payers, CASHNet will email the Authorized Users/Payers access information to their own separate Authorized User/Payer accounts. Student must have the email address of the Authorized User/Payer in order to complete the process.
To designate an authorized user:
- Go to selfservice.mcny.edu and log in.
- Select BILLING AND PAYMENTS from the navigation bar.
- Select PAY ONLINE AND VIEW BILLING STATEMENTS from the red navigation bar. This will take you to your CASHNet ACCOUNT HOME PAGE.
- From YOUR ACCOUNT HOME PAGE find the AUTHORIZED PAYERS box. Click on the ADD NEW link.
- Enter the following information:
- Authorized Payer (name of mother, father, spouse, etc.).
- Email Address (Authorized User’s personal email address).
- Confirm Email Address.
- Add a Note to the welcome email (CASHNet will send an email to your Authorized user with a temporary user name and password. (You may personalize that message here.)
- Should this person… Set user’s permission level by responding to each of the 4 questions in this section.
- Click on OK to complete the process or click on Cancel.
Once you have completed this process CASHNet will send a welcome email to the email address you provided. The email will contain your optional note, login ID, temporary password and a link to access the Authorized User/Payer CASHNet Portal.
Authorized Users/Payers may then use this site to view their student’s e-bill and any past payments made by that authorized user. Students can withdraw permission at any time by changing the access level of the user.
After their first login, Authorized Users/Payers may go directly to their payment portal by using the URL: commerce.cashnet.com/mcnypay
It is the student’s responsibility to manage their Authorized Users/Payers.
Yes, the College has designated electronic billing as the official means of generating tuition & related expenses. All currently enrolled students will receive an email notifying them that a bill is available for viewing. Each time a bill is available, an email will be sent to your official MCNY email address.
CASHNet stores copies of billing statements. Students can easily print a copy of their e-bill using any computer connected to the Internet and a printer.
The bills are available in PDF format and can be printed using the <PRINT> icon on the PDF reader tool bar.
No, because the electronic bill is a static monthly billing statement. Payments made to your account will be reflected on your next electronic bill. However, students can verify payments posted in dynamic real-time by logging onto Self-Service.
Once logged in on Self-Service,
- Select BILLING AND PAYMENTS from the navigation bar
- Select BALANCE from the red navigation bar to view your current balance detail. Next, via the drop down, select the period (year and term) you would like to view (ex. fall 2011). You may view by Detail by Charges/Credit, Detail by Summary Type and/or Balance Summary.
Please note that Authorized Users/Payers can only see a summarized general balance in real-time through the CASHNet site. They will not be able to see the payment reflected until the next monthly billing statement.
No, students or Authorized Users/Payers can print a hard copy of the eBill via the Internet and mail their payment (check, cashier’s check, money order) along with the remittance portion of the printed eBill to the mailing address on the remittance slip.
Make payments payable to: MCNY
NOTE: Make sure the student’s MCNY ID number is written on the paper check.
An electronic check (e-Check or ACH transfer) is similar to writing a paper check. The only difference is that you are authorizing the debiting of your checking or savings account online without presenting a physical paper check.
Once you are logged on to the CASHNet site and begin to make a payment, you will be asked which method of electronic payment you wish to use: credit card or electronic check (ACH).
You will need your bank account number and routing number (located at the bottom of your paper check). You can choose to store this information on the secure CASHNet site for future use. If you choose not to store the account number and routing numbers on the CASHNet site, you will have to re-enter this information each time you make a payment.
No, CASHNet offers these services free of charge.
No, the policy regarding postdated checks remains the same as if you were submitting a paper check. The college does not accept post-dated checks.
If you have any additional questions about CASHNet or other student account issues, please contact:
Metropolitan College of New York
60 West Street
New York, N.Y. 10006
212-343-1234 ext. 5002
Metropolitan College of New York has partnered with BankMobile to deliver your financial aid refund. For more information about BankMobile, visit this link: https://bankmobiledisbursements.com/refundchoices/.