2021-2022 Undergraduate Catalog

Billing/Payment Information

  1. Billing policies and payment information can be found on the Kean University Student Accounting Website http://www.kean.edu/offices/student-accounting/tuition-and-fees or on KeanWISE.
  2. Full payment is required for current semester charges unless student has enrolled in a payment plan or has been awarded financial aid to offset expenses. If charges exceed estimated aid, the balance must be paid in full by the payment due date or the student can enroll in a payment plan for the remaining balance.
  3. Billing notifications will be delivered to the student’s Kean email account. Paper bills will not issued. It remains the responsibility of the student to check their Kean email for information or updates.
  4. Fulfillment of financial obligations must be met by the due date to avoid forfeiture of classes. Any student whose schedule is forfeited and re-registers at a later date will be assessed a non-negotiable non-refundable re-registration fee of $100.00.

Payment options are as follows:

  1. Online – **Preferred Method (via KeanWISE) ** E-Checks using your checking or savings account information. Accepted credit cards: VISA, MasterCard, Discover & Diner's Club. Please be advised that a 2.85% nonrefundable convenience fee will be assessed when choosing to pay by credit card. There is no charge when paying by E-check.

  2. In Person -- Cash, Debit Card, Personal Check, Cashier’s Check & Money Order. Checks or money orders should be made payable to Kean University. Foreign checks will not be accepted. We are located on the 3rd Floor of the Administration Building. Credit cards are not accepted in person. If you are paying by credit card, please make your payment online.

  3. By Mail -- Please do not mail cash, postdated checks or credit card information. Checks made out incorrectly will be returned. The University is not responsible for delays in either inter-office or federal mails. If your payment is not received by the due date this may result in forfeiture of your schedule or a restriction may be placed on your account. Please Mail to: Office of Student Accounting, Kean University, 1000 Morris Ave., Union, NJ 07083. (Include ID# on payment).

  4. Tuition Payment Plans – You may opt to spread your educational expenses over equal monthly payments. The enrollment fee is $40.00 per semester. Three, four, and five month plans are available for the Fall and Spring semesters. Two and three month plans are available for Summer semesters. All plans require the enrollment fee and down payment to be paid at the time of enrollment. If you wish to enroll in a payment plan please log onto KeanWISE and select “View/Pay My Bill” under the student menu. Additional information on Payment Plans can be found by visiting http://www.kean.edu/offices/student-accounting/installment-plans.

  5. International Wire Transfer – International students may make wire transfer payments by visiting: http://kean.flywire.com.

  6. Financial Aid – Financial Aid, including grants, student or parent loans, and scholarships may be used to offset educational expenses. If your charges exceed your financial aid, you must pay the balance by the due date or enroll in a payment plan to avoid forfeiture of your schedule.

529 College Savings Plans

 

Students who wish to make payment from an authorized 529 Plan may do so in person or by mail. Checks should be made payable to 'Kean University' and should include the student's ID number. It is recommended that these payments be sent directly to Kean University to avoid processing delays. Payments may be mailed to:

 

Kean University
Office of Student Accounting
1000 Morris Ave.
Union, NJ 07083

 

Cash Policy

 

“Cash" is defined as U.S. coin and currency, cashier's check, money order, bank draft, or traveler's checks.

 

For every time the University receives over $10,000 in cash in one transaction or in two or more related transactions, we are required to file IRS Form 8300 "Report of Cash Payments Over $10,000 Received in a Trade or Business."  Transactions occurring within a cumulative 12 month period are considered related (and reportable) if the recipient (Kean University) knows, or has reason to know, that each transaction is one of a series of related transactions. Payments for tuition, fees, room and board, etc. are considered related (and reportable) transactions.

 

Cash does not include checks drawn on the payer's own account, such as personal checks, regardless of the amount.

 

Trade or business is defined as any activity constituting the sale of goods or the performance of services to produce income under Internal Revenue Code Section 162. One such example of trade or business income for a university would be tuition payments.