Payment Options

Payment in full or payment arrangements of any balance not covered by financial aid must be made by the 15th before each semester begins in order to avoid late fees, restriction of access on campus, and prevention from future registration and release of academic transcripts/ diplomas.?

Tuition/Fees Payment Due Dates

Term Due Date
Summer May 15
Fall August 15
Winter December 15
Spring January 15

?

Payment Options

Cash, Check or Money Order : At the Bursar's Office - Sharp Building

(Made payable in US currency, drawn on a US bank)

SAIC Bursar's Office
37 S. Wabash Ave., suite 245
Chicago, IL 60603

Do not send 529 Plan or scholarship payments to the Bursar's Office.?To avoid delays in processing, those payments must be sent to the Student Financial Services office:

School of the Art Institute of Chicago
Student Financial Services Office
Attn: Outside Scholarship Administrator
36 S. Wabash Ave., suite 1200
Chicago IL 60603

SAIC Bursar's Office
37 S. Wabash Ave., suite 245
Monday–Friday, 11:30 a.m.–4:30 p.m.

Pay your International Tuition through your Educational Institution's Website.? Students and families that would like to make tuition payments by wire transfer (IFT or International Funds Transfer) can now do so in CASHNet.?SAIC and CASHNet work together to offer competitive wire transfer exchange rates.

Watch the video below to help you learn how to make a wire transfer (IFT) payment in CASHNet by going to Self-Service?(referred to as our School Portal in the video).?

This video is available in the following languages:

English
Spanish
French
Indonesian
Cantonese/Traditional Chinese
Mandarin/Simplified Chinese
Korean
Hindi

1.? Initiate a Wire Transfer Conversion Rate Quote in CASHNet—Obtain a Wire Transfer Conversion Rate Quote* (instructions below) in CASHNet. The quote is good for 72 hours and will expire after that. The wire transfer quote will be listed in your CASHNet account under "Your Recent Payments" as pending until the transaction has been completed by you.?You may want to compare this conversion rate quote to the conversion rate you can get from your own bank before you move on to Step 2.

2.? Instruct Your Bank To Transfer the Funds—Upon obtaining the quote from CASHNet, use the instructions provided by CASHNet to complete the transaction. *DO?NOT?GO TO OR TAKE THE QUOTE?TO A WESTERN UNION OFFICE.??Complete this by doing one of these 3 actions:

  • print the form in CASHNet and take it your bank or,
  • transfer funds via your online banking service (if applicable) using the instructions provided or,
  • transfer funds by calling your bank directly, using the instructions provided.

3.? Your Student Account at SAIC Will Be Credited In 2–5 Days—Upon receipt of the funds from CASHNet, your student account at SAIC will be credited immediately. Please allow 2–5 days for funds to be received after you have instructed your bank to transfer funds.

*Only in India can you go to a Western Union India Agent location, which is reflected on the wire transfer screen when India is selected?as the?country.

?

(Wire Transfer Conversion Rate Quotes expire after 72 hours)

1.? Login to CASHNet
Student Users—Log into Self-service and click on the CASHNet link in the Finance section. Your internet browser's pop-up blocker must be turned off.? This will bring you to the CASHNet page in a new tab or window.
or
Parents/Authorized User—Login into CASHNet directly using the special URL link provided to you by the student or?click here.

2.? Initiate the Payment Quote Process
In the upper left-hand corner, go to?Your Account > Make a Payment > Tuition and Fees?and enter the amount you wish to pay. Then click on?Add to Shopping Cart > Checkout.

3.? Choose the Wire Transfer Option
At the?Select Method of Payment?screen, choose?Wire Transfer (US and International) > Continue Checkout.

4.? Enter the Currency Information
Enter the data required on the?Enter Foreign Currency Information?screen including:

  • The country your bank is located and
  • Which type of currency you will be using to pay
  • Follow the instructions to get your 72-hour conversion rate quote.

5.? Instruct your Bank to Transfer the?Funds?(Do NOT go to Western Union)

Upon obtaining the quote form from CASHNet, you should complete the transaction by doing one of these 3 actions within 72 hours to avoid the quote from expiring:

  • Print the form and take it to your bank or,
  • Transfer funds via your online banking service (if applicable) using the instructions provided or,
  • Transfer funds by calling your bank directly using the instructions provided

?

Student Access to CASHNet—Students can access CASHNet by logging into Self-Service and going to Student Homepage in the top center of the page, then Financial Account > CASHNet.

Parent Access to CASHNet—Students can set up an authorized user account for other family members (i.e. parents, guardians) in CASHNet under the section titled Authorized Users. Authorized Users should access CASHNet directly at this web address :?commerce.cashnet.com/saicpay.

Transaction Fees:

Wire Transfer - NEW! - 0% Fee (although your banking institution may charge you a fee)

ACH/Electronic Checks - 0% Fee

Credit/Debit Card - 2.75% fee of the payment amount

Please be sure all information and payments are sent to the Student Financial Service office and NOT to the Bursar's Office to avoid a delay in the processing of these funds.

A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. Students should list the 529 Plan amount in the asset section of the FAFSA if the 529 Plan is in the name of the student or the dependent student's parent. It may be necessary for SAIC to adjust a student's FAFSA and their award package to meet federal, state, and institutional awarding policies. A 529 Plan payment will be applied as a "payment" on the student's account.

529 Plan Processing and Instructions
Students using a 529, College Savings or Qualified Education Plan to pay for educational expenses must notify Student Financial Services prior to the beginning of the semester. Students should complete a request to receive funds from their state provider four (4) weeks before the payment due date each semester that they are using the 529 Plan as payment towards their tuition charges.?If the funding from these resources is intended to be used to pay for the balance due on the semester's payment due date and will be not received in time, we recommend that you enroll for a semester payment plan in order to keep your student account in good standing.?Dates to request dates from your provider are as follows:

Term Date to Request Funds
from State Provider
Tuition/Fees
Payment Due Date
Summer April 15 May 15
Fall July 15 August 15
Winter November 15 December 15
Spring December 15 January 15

Students should inform the state provider sending the funds to the Student Financial Services office that their name and student ID number should appear on all correspondence and transactions. If the agency that holds your 529 benefits requires invoices, please contact Student Financial Services immediately with the contact information of the agency, and the name of the student. In some cases, SAIC may be required to complete a form or letter of credit that is provided by the 529 Plan provider.

Payments and correspondence should be sent to:

School of the Art Institute of Chicago
Attn: 529 Administrator
Student Financial Services, Sullivan Center
36 S. Wabash Ave., suite 1200
Chicago IL 60603


?

SAIC offers interest-free payment plans for tuition and fees to students and families.

- A four-payment semester plan is available for fall and spring

- The fall plan begins in August, and spring plan begins in January

- Payments are due the 15th of each month

- Payment plan enrollment fee—$50 per semester

- $40 fee for each late or missed payment

- Enroll online through Self-Service

- Amount budgeted on plan is semester charges minus any financial aid

- Amount due will adjust as charges and financial aid adjust