Payment Policies

Students must complete the Educational Loan Agreement (ELA) every semester before they can register for courses. Common questions about the ELA can be found in the FAQ section.

An account becomes delinquent when any balance is not paid by the due date. Students with delinquent accounts are not eligible to receive progress reports or diplomas and cannot register for future semesters until the account is paid in full or brought current through a semester payment plan.

If a student makes changes to their schedule after the initial statement is issued, they will receive an email at their Alverno email address notifying them that a revised statement is available in Self Service. Statements are generated in real time, providing students with the most current account information.

If charges increase and the student is enrolled in a payment plan, it is the student’s responsibility to pay their adjusted amounts.

Note: Registration changes update immediately; however, financial aid updates may take longer and may require the student to contact the Financial Aid Office.

PLEASE NOTE: You are responsible for your charges whether or not you receive a statement.

Payment Options

We accept all the following payment types: Visa, MasterCard, Discover, or American Express, E-Check, personal check, money order, cashier’s check and cash.

Traditional Semester Payment (No Payment Plan)

Pay in full by the specified due date. Acceptable payment methods include:

• In person at the Student Accounts office.
• Drop box outside of the Student Accounts office.
• Mail check/money order to Alverno College, Attn: Student Accounts.
• Online using IOL under Financial Information, View Account and Make Payments, to use a checking account, Visa, MasterCard, Discover, or American Express. You can also click on the Pay Online link below.
• Phone Student Accounts (414-382-6262) to use a checking account, Visa, MasterCard, Discover, or American Express. ‌

Monthly Payment Plan

Payment Plans can be set up directly in Self Service. There are two payment plan options:

• Monthly payment by cash, check or credit card. To off-set administrative expenses, there is a $50 service fee for this option.
• Monthly payment by ACH. There is no service fee for this option. A voided check or bank documentation with routing and account number is required every semester. Additionally, if the payments are being withdrawn from an account other than the student’s, the account holder is required to sign the form. ACH payment plans submitted without this information will not be processed. Upon receipt of this information, the $50 service fee will be waived. Please submit this form to the Student Accounts office. 

PLEASE NOTE: To alter or cancel the payment plan, please contact student accounts.

Extended Payment Plan

This option is available only to non-active students needing a flexible way to pay an outstanding balance. 

• All payment types listed above are accepted (excluding ACH)
• $50 service fee
• Payments are due on the 15th of each month
• Maximum of 12 payments (1 year)
• No interest is charged, and there is no penalty for early or additional payments