Payment and Your Student Account: 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
Bursars Office—Sharp Building
Cash, check, or money order (made payable in US currency)
SAIC Bursar's Office
37 S. Wabash Ave., suite 711
Chicago, IL 60603
SAIC Bursar's Office
Monday–Friday, 11:30 a.m.–4:30 p.m.
Do not send 529 Plan or scholarship payments to the Bursar's Office. Those payments must be sent to the Student Financial Services office.
ACH—Automated Check Handling (Electronic Check)
- Login to SAIC Self-Service and click on CASHNet
- Students can set up an authorized user account for others (ie., parents, guardians)
- Authorized users that have been set up by the student should access CASHNet directly
Credit Card—2.75 percent of the payment amount
Wire Transfer (NEW)—No Fee (your banking institution may charge you a fee)
ACH/Electronic Checks—No Fee
New—Wire Transfers: US and Non-US Currencies
Effective July 1, 2015
Note for previous Wire Transfer Customers: Students and families should no longer use the previous method of sending wire transfer funds to SAIC’s Bank of America account. Please follow the new recommended method below.
SAIC and CASHNet work with Western Union Business Solutions to offer competitive wire-transfer rates. The following steps on Obtaining a Wire Transfer Quote will assist you in acquiring a conversion rate quote that is valid for 72 hours. You will then need to instruct your bank to transfer the funds through your bank’s online services, or visit your bank in person with the quote.
- The payment will be listed in your CASHNet account under "Your Recent Payments" as pending until the transaction has been completed by you, or it expires.
- Upon receipt of the funds, your student account at SAIC will be credited. Please allow 2–3 days for funds to be received after you instruct the bank to transfer funds.
Obtaining a Wire Transfer Quote
- Step 1 Log in to SAIC Self-Service
Log into SAIC Self-Service by following the steps above in the Access Your Account Online section.
- Step 2 Access CASHNet
Click on the CASHNet link in the Finance section (pop-up blockers must be turned off). This will bring you to the CASHNet page.
- Step 3 Initiate the Payment Quote Process
Go to Your Account > Make a Payment in the upper left-hand corner, then Tuition and Fees > Amount > Add to Shopping Cart > Checkout
- Step 4 Choose the Wire Transfer Option
At the "Select Method of Payment" screen, choose Wire Transfer (U.S. and International Currency) > Continue Checkout
- Step 5 Enter the Currency Information
Enter the data required on the "Enter Foreign Currency Information" screen and follow the instructions to get your 72 hour quote.
- Step 6 Instruct your Bank to Transfer the Funds
Instruct your bank to transfer the funds through your bank's online services, or visit your bank in person with the quote within 72 hours to avoid the quote
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:
|Term||Date to Request Funds|
from State Provider
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.
- 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 SAIC Self-Service
- Amount budgeted on plan is semester charges minus any financial aid
- Amount due will adjust as charges and financial aid adjust
CASHnet Instructions [PDF]
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.