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

TermDue Date
Summer May 15
Fall August 15
Winter December 15
Spring January 15

Payment Options


Cash, Check or Money Order (made payable in US currency)

At the Bursar's Office—Sharp Building

Mail to:
SAIC Bursar's Office
37 S. Wabash Ave., suite 711
Chicago, IL 60603

In person:
SAIC Bursar's Office
37 S. Wabash Ave., suite 711
Monday–Friday, 11:30 a.m.–4:30 p.m.

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

Credit/Debit Card, Wire Transfer, or ACH (Automated Check Handling)/Electronic Check
In CASHNet

CASHNet Access and Fees:


New! Wire Transfers in CASHNet: US and Non-U.S. Currencies

Effective July 1, 2015

Student and families that would like to make tuition payments by wire transfer can now do so in CASHNet. SAIC and CASHNet work together to offer competitive wire transfer rates.

Overview

  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 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. 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 instruction 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.
     

*How to Obtain a Wire Transfer Conversion Rate Quote from CASHnet

(Wire Transfer Conversion Rate Quotes expire after 72 hours)

Step 1 Login to CASHNet
Student Users—Log into SAIC 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.
or
Parents/Authorized User—Login in to CASHNet directly using the special URL link provide to you by the student or click here.

Step 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.

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

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

Follow the instructions to get your 72 hour conversion rate quote.

Step 5 Instruct your Bank to Transfer the Funds
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:


529 College Savings/Qualified Education Plans

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:

TermDate 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 benefit 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


Tuition and Fee Payment Plan via CASHNet

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

CASHnet Instructions [PDF]


Late Payments

If payment in-full or payment arrangements are not made by the end of the add/drop period, a late fee will be assessed.


 

Students required to purchase a laptop computer through the school have the option of paying in full or establishing a payment plan. This payment plan is separate from the tuition and fees payment plans listed above, and requires an enrollment fee to participate.