Financial Information

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2022-2023 Tuition and Fees

Millsaps College is an independent institution. Each student is charged a tuition that covers a part of the cost of an education. The balance is met by income from the endowment and by gifts from the United Methodist Church, alumni, trustees, parents, and friends.

Semester Expenses for Full-Time Undergraduate Students

Basic expenses for one semester are:

Residence hall rooms are ordinarily rented on a yearly basis according to the schedule below.

A meal plan is required for all students living on campus. A fee of $3,130 for meals will be charged in addition to the selected room rent as part of the room and board package. Off-campus students may purchase the commuter meal plan which consists of 40 meals for $280 (must be used during semester purchased).

Schedule of Payment for Rooms

Rent rates for single occupancy are 150% of the above published rate. All residence halls are equipped with cable and laundry facilities.

An intersession housing rate of $40 per day applies to any student who remains in the residence halls during the intersession periods in which the college is closed and is not on campus for a college sponsored event.

Semester Expenses for Part-Time Undergraduate Students

(fewer than 12 semester hours; most courses are four semester hours)

One semester hour: $1,262

Comprehensive fee: $42 per hour

Semester Expenses for M.B.A./M.ACC. Students

One graduate hour: $982

Comprehensive fee: $20 per hour

Expenses for EMBA Students

Total Cost of Program: $48,000

• Students may pay for the entire program by December 1 or they may pay by the due date for each term.
• Payment must be made by the due dates for each term:

Reservation Deposits

New students

All full-time students must pay a non-refundable reservation deposit of $250.

Non-Degree seeking students

All non-degree seeking students must pay a non-refundable reservation deposit of $150. Reservation deposits will be credited to the student’s account upon enrollment.

Comprehensive Fee

Millsaps charges each student a comprehensive fee each semester. This fee helps the College provide students with a variety of services which enhance their academic and student life experiences such as: student activities and student government, laboratory and computer usage, post office, parking, etc.

Orientation Fee

Incoming freshmen and transfer students will be charged an orientation fee of $300 and $150, respectively. Orientation fees are assessed to the student’s tuition bill and are nonrefundable. The fee is not covered by scholarships or financial aid. These fees cover the cost of meals, materials, and programming for student orientation sessions, as well as programming for events during the first year.

Student Health Insurance

Domestic Students-The College requires that domestic students comply with health insurance regulations as federally mandated by the Patient Protection and Affordable Care Act (PPACA). The individual shared responsibility provision of the law requires most people to have qualifying health coverage or pay a penalty unless they qualify for an exemption from this requirement. Additional information regarding the requirements of PPACA can be found at http://www.healthcare.gov/.

Student Athletes- Student athletes are required to have health insurance in order to participate in any intercollegiate sport. Please refer to the Athletic Department for additional information and the required insurance forms.

International Students- Millsaps requires all international students to be enrolled in one of the college sponsored plans through International Student Protection. Student accounts will be billed along with tuition and fees for the International Student Protection’s premium rate, and students will receive an insurance card during orientation.

Special Fees

The general purpose of special fees is to allocate to the user at least a portion of the direct cost for providing special services, equipment, and facilities.

Course overload fee: A fee of $1,262 per hour is charged for course loads in excess of 21 hours.

Late payment fee: A $20 late payment fee will be charged to any account not paid in full (or enrolled in a payment plan by the applicable due date) for each month payment is delinquent until satisfactory payment arrangements are finalized.

Change of schedule fee: A $30 fee will be charged for each change of schedule authorization processed after the last day for add/drop. Any change initiated by the College will have no fee.

Music fee: A fee of $306 is charged for private music lessons per semester hour.

Credit by examination fee: A $30 fee per four credit hours is assessed when an examination outside of Millsaps is credited to the student’s degree program in lieu of taking a required course at Millsaps College.

Auditing of courses: Students may audit courses at a tuition rate of $337 per hour with a comprehensive fee of $17 per hour. Courses may be audited with approval of the instructor. Students must indicate their intention to audit at the time of registration.

Major Plus and MACC Plus Program: Millsaps seniors who have accumulated enough undergraduate hours that they do not have to take a full course load the second semester of their senior year in order to graduate are eligible to take up to two graduate courses during that semester. Prior approval is required for this program. Students accepted into this program will pay a rate equal to full-time undergraduate tuition and fees.

Ninth and Tenth Semester Licensure Program: Millsaps graduates may return as non-degree seeking licensure candidates to complete coursework, if necessary, during a “ninth” semester (that is, a semester after graduation) and then student teach during the “tenth” semester with a 40% reduction in tuition (fees not reduced) in order to meet qualifications for elementary or secondary licensure.

Graduation fee: All graduating seniors will be charged a $125 graduation fee, regardless of whether they participate in commencement activities. The $125 fee covers a portion of the cost of the diploma, the rental of cap and gown, administrative costs associated with graduating students, and general commencement expenses.  If a student chooses to keep their honors hood, they will be charged an additional $100.

Replacement diploma fee: If a graduate needs a replacement diploma, the fee is $50.

Official transcript fee: Official transcripts cost $10 per copy.

Returned check fee: $20 will be charged for each returned check.

Tuition and fees are subject to change each academic year based on annual review.

Financial Regulations

At Millsaps College, many payment methods and several payment options are accepted to meet student needs. Please go to http://www.millsaps.edu/businessoffice to view all payment options or make a payment.

Payments: All students must be paid in full or enrolled in a payment plan by the due date each semester. Specific payment plan information can be found at www.millsaps.edu/businessoffice. Unless specifically enrolled in a payment plan, full payment of the student account balance should be submitted by July 15 for the fall semester and December 15 for the spring semester. A student is registered and eligible to attend classes, participate in college activities, reside in the residence halls, and utilize college meal plans only after payment or other arrangements have been made with the Business Office. Any balance due for any preceding semester must be paid before a student will be enrolled for the succeeding semester or participate in housing selection. Any account not paid in full or enrolled in a payment plan by the published due date may result in the removal of classes.

The Registrar is not permitted to release an official transcript for any student with outstanding financial obligations to the College. The Registrar is not permitted to release a diploma to any graduate with an outstanding balance greater than $200. No student may register for future semesters unless all debts have been settled. Any student account that remains unpaid at the end of the semester and not paid within 30 days will be turned over to an outside collection agency. The student will be responsible for all collection costs and/ or attorney’s fees Millsaps’ incurs in the collection efforts, which may be based on a percentage at a maximum of 33% of the debt.

Millsaps Withdrawal Policy

Room rent cannot be refunded after the semester has begun. Unused amounts paid in advance for board are refundable. A student who withdraws with good reason from a course or courses will have seven days, including the date of the first meeting of classes to receive a refund of 80 percent of tuition and fees; within 14 days, 60 percent; within 21 days, 40 percent; and within 28 days, 20 percent.

If a student remains in the College 29 days or longer, no refund will be made except for board. Students receiving federal financial aid will be subject to the federal guidelines with respect to withdrawal.

Return of Title IV (Federal) Funds When A Student Withdraws

Under the Higher Education Amendments of 1998, the amount of aid a student has earned for the enrollment period is based on the length of time the student remains enrolled for that period.

Therefore, the percentage of the enrollment period completed is also the percentage of aid the student has earned. If a student withdraws on or before the 60 percent point of the enrollment period, the percentage of aid earned is equal to the percentage of time completed. A student who remains enrolled beyond the 60 percent point of the enrollment period has earned 100 percent of the aid for that period (i.e. there would be no unearned aid).

Repayment of the Unearned Amount is calculated as follows:

• School will return: the lesser of the amount of unearned Title IV aid or unearned Institutional Charges.
• Student will return: unearned amount of Title IV Grants; the student’s and parent’s unearned portion of federal loan proceeds will not be returned but is to be repaid to the loan holders according to the terms of the borrower’s promissory note.

Return of funds due by the school and the student and/or parent are charged back to the student’s account and returned to the applicable student aid programs. The unearned amount of Title IV aid must be returned to the applicable Title IV aid programs in the following order:

• Unsubsidized Direct Loans (other than Direct PLUS Loans)
• Subsidized Direct Loans
• Direct PLUS Loans
• Federal Pell Grants for which a return of funds is required
• FSEOG for which a return of funds is required
• TEACH Grants for which a return of funds is required
• Iraq and Afghanistan Service Grants for which a return of fund is required

Non-federal aid funds will be returned based on the Institutional Refund Policy and returned in the following order: state, institutional, then external funds.

The information contained in this section is subject to change, without notice, in order to comply with federal, state, or College requirements.

Examples of the application of the refund policy are available in the Business Office. A student may obtain a refund of any overpayment on his or her account by making a request in the Business Office.

The date of withdrawal from which all claims to reductions and refunds will be referred is the date on which the Registrar is officially notified by the student of the intention to withdraw. (See regulations relative to withdrawals.)

The College reserves the right to cancel the registration of any student at any time. In such a case, the pro-rata portion of tuition will be returned. Students withdrawing or removed under disciplinary action forfeit the right to a refund.

Other Policies

Meal plan: Students living in College or fraternity housing are required to participate in the College meal plan.

Students rooming in fraternity houses: Rules regarding payment of board and fees applicable to other campus residents will be observed by these students.

Revision of charges: Millsaps College reserves the privilege of changing any or all charges or financial regulations at any time without prior notice.

Billing errors: Administrative, clerical, or technical billing errors do not absolve the financial responsibility of students to pay the correct amount of tuition, fees, and other associated financial obligations assessed as a result of registration at Millsaps College.

Scholarships and Financial Aid

Millsaps College offers assistance to students based on academic merit, special talents, and financial need. In addition, the Office of Financial Aid awards state grants and scholarships for students affiliated with the United Methodist Church. All of these scholarships are subject to change, and student awards may be revised annually. Academic and performing arts scholarships are provided by Millsaps to undergraduate students who demonstrate outstanding academic and/or artistic ability. These scholar­ships are awarded to qualified and admitted incoming students.

Need-based aid (institutional, federal and state grants, loans, and work) is awarded to students who show financial need as indicated by the Free Application for Federal Student Aid (FAFSA). Need- based assistance has a priority deadline of March 1 and requires an annual application.

Federal aid is awarded by the Office of Financial Aid after completion of the Free Application for Federal Student Aid (FAFSA). Federal regulations and institutional policies may affect eligibility for these funds. Millsaps participates in the following federal programs:

• The Federal Work-Study (FWS) program has been established from the funds contributed by the federal government and the College to provide financial assistance through employment based on federal eligibility.
• The Federal Direct Subsidized Loan program is available to students who demonstrate need and are enrolled at least half-time. Undergraduate students may borrow up to $3,500 for the first year, $4,500 for their second year, and $5,500 a year for the remainder of their undergraduate years for an aggregate amount of up to $23,000.
• The Federal Direct Unsubsidized Loan program has the same terms and conditions as the Federal Direct Subsidized Loan program, except the borrower is responsible for the interest that accrues while the student is in school. The student borrower does not have to show financial need for this loan. Independent students may have a higher loan limit if they show the eligibility for supplemental loan funds.
• The Federal Direct Parent Loan for Undergraduate Students (FPLUS) program provides parents with additional funds for educational expenses. FPLUS loan information may be obtained from the Office of Financial Aid. The parent who borrows through this program will be able to borrow up to the difference between the cost of the institution and the financial aid the student receives for the loan period. There is not an aggregate limit. The parent must not have an adverse credit history. The student must be a dependent and enrolled at least half-time. FPLUS borrowers do not have to show need to borrow under this program.
• The Federal Direct GradPLUS Loan provides graduate students with additional funds for educational expenses. The student must apply for his/her annual loan maximum eligibility un- der the Federal Direct Unsubsidized Loan Program before applying for a GradPLUS loan. The student must be enrolled at least half-time in a graduate degree program, must pass a credit check, and may borrow up to the cost of attendance less other financial aid received during the loan period.

State of Mississippi aid is awarded by the Office of Financial Aid based on application deadlines, academic requirements, and other state regula­tions and institutional policies.

• Mississippi Resident Tuition Assistance Grants (MTAG) are avail­able for full-time students who are residents of Mississippi. When fully funded, the maximum grant is $500 for freshmen and sophomores and $1,000 for juniors and seniors. The state of Mississippi defines full-time enrollment as 15 or more credit hours per term.
• Mississippi Eminent Scholars Grants (MESG) are available for full-time students who are residents of Mississippi. When fully funded, the maximum grant is $2,500 each year for four years. The state of Mississippi defines full-time enrollment as 15 or more credit hours per term.

Institutional Scholarships

Millsaps Presidential Scholarships, Second Century Scholarships, and Millsaps Awards are merit scholarships awarded to students based on academic achievement. Additional criteria such as the rigor of the student’s academic program and high school curriculum, demonstrated leadership, extracurricular involvement, letters of recommendation, and legacy rela­tionships are also reviewed to determine a student’s eligibility and level of merit scholarship.

• E. H. Sumners Grants are awarded to students who legally reside in Attala, Choctaw, Carroll, Montgomery, or Webster counties of Mississippi, and who are approved for the grant by the E.H. Sumners Foundation. The amount designated for the E.H. Sumners Grant will be determined on an annual basis. The amount awarded to an incoming student will remain constant over the student’s enrollment at Millsaps and is subject to the scholarship, guidelines and conditions.
• General Scholarship Funds are budgeted each year to help students who show financial need.
• Millsaps United Methodist Scholarships are available to students who are members of the United Methodist Church and active in church ministry. Annual completion of the Millsaps Application for United Methodist Scholarships is required by the March 1 deadline.
• Performing and Fine Arts Scholarships are available to students interested in Art, Art History, Creative Writing, Music, and Theatre. An audition or portfolio is required.
• TRANSFERmation Scholarships and Residence Hall Grants are awarded to qualified transfer students.
• Phi Theta Kappa Scholarships are awarded to community college transfer students who hold membership in the honorary.

International students may be eligible for merit scholarships at Millsaps. With a U.S. passport or residency card, the student may be eligible for merit-based scholarships and need-based financial aid. If the student is not a U.S. citizen or permanent resident, the student may be eligible for merit- based scholarships but not need-based financial aid. Decisions for merit-based scholarship awards are made on the basis of information presented in the application for admission. No additional form is required. Recipients of these awards must pay the rest of their fees through their own funding sources. Students should budget at least $55,322 for one year of education at Millsaps.

Institutional Scholarship Guidelines and Conditions

For renewal of merit-based financial aid, the following conditions must be met:

• Renewable for up to 3 years, for a total of 8 semesters of eligibility (fall and spring semesters)
• Must meet satisfactory academic progress as detailed on our web­site, www.millsaps.edu/finaid
• Maintain a minimum academic course load of at least 12 hours per semester
• Remain continually enrolled at Millsaps (excluding summer terms)
• Reside on campus; off campus residency will result in scholarship reduction of 35% or removal of any housing grant

Cost of attendance is subject to change for each academic year. Merit scholarship amounts remain constant over the 4 years of eligibility. Need-based institutional financial aid is determined by the results of the FAFSA for each academic year.

Any scholarships, awards, or other funding received from outside sources to be used at Millsaps must be reported to the Office of Financial Aid. Financial aid awards will be revised to include outside aid after notification is received.

Satisfactory Academic Progress Policy (SAP)

^{Effective July 1, 2011}

In order to receive and maintain federal financial assistance, students are required to progress satisfactorily toward completion of their course of study. Federal financial assistance includes grants, loans, and employ­ment. The satisfactory academic progress of students will be monitored at the end of each spring semester.

Satisfactory Academic Progress is measured in three ways:

1. Students must progress qualitatively by earning the required number of grade points.
2. Students must progress quantitatively by completing the required minimum number of credits each year (PACE).
3. Students must complete their program of study within a reasonable time period.

1. Qualitative Measure

The Office of Financial Aid strictly adheres to the academic standards established by Millsaps College. Students who have attempted up to a total of 28 hours must earn a 1.500 cumulative grade point average. Students who have attempted more than 28 hours and less than 60 hours must earn a 1.800 cumulative grade point average. Students who have attempted 60 or more hours must earn and maintain a 2.000 cumulative grade point average. Total hours attempted will include credit taken at Millsaps College and any credit transferred from another institution. Grade point averages are based solely upon credits earned while enrolled at Millsaps College.

Minimum acceptable academic standards are represented in the following table:

Transfer Students

Students transferring into Millsaps College shall be assumed to be main­taining satisfactory academic progress. Hours transferred from previously attended schools will be considered when establishing total hours attempted for GPA requirements, as well as determining the maximum number of hours allowed for financial aid eligibility.

2. Quantitative Measure (PACE)

Students receiving financial aid must also satisfactorily complete 66 percent of financial aid hours (hours in which a student is enrolled the last day to add a class) at the end of each spring term.

Passing grades include A, A-, B+, B, B-,C+, C, C-, D+, and D. Grades of I, CR, W, NR, NC, IP, and AU will not be accepted as passing grades.

Withdrawal courses with a grade of W will affect the quantitative measure of academic progress in determining eligibility and maintaining financial aid.

Courses taken for audit do not count for credit or graduation and, therefore, are not counted in determining eligibility for receiving or maintaining financial aid.

Courses taken for credit/no credit are not counted in determining eligibility for receiving or maintaining financial aid.

Repeat courses are counted for credit and will affect cumulative grade point averages in determining eligibility and maintaining financial aid as well as determining the maximum number of hours allowed for financial aid eligibility.

3. Maximum Hours to Complete Course of Study

Students must complete degree requirement within a normal time frame. To remain eligible to receive financial aid, students must complete their degree requirements within 150 percent of the published length of their academic program. In most cases students will be eligible to receive finan­cial aid during the first 192 attempted hours as an undergraduate, wheth­er or not they received financial aid or whether or not the course work was successfully completed. This includes both College and transfer hours. A student will be placed on financial aid suspension if his/her course work is in excess of 192 attempted hours or if at any time it becomes clear that the student will not meet the quantitative standards by the graduation date.

Second-Degree Undergraduate Students

Students who have already earned a baccalaureate degree and are currently seeking a second undergraduate degree will be reviewed for financial aid eligibility on an individual basis.

Graduate Students

Graduate students will be eligible for financial aid until they have com­pleted six years of study at the graduate level.

Financial Aid Suspension

Students who fail to meet the minimum Satisfactory Academic Progress Requirements will be placed on financial aid suspension. Students on financial aid suspension are not eligible to receive federal financial aid. The mere passage of time will not restore eligibility to a student who has lost eligibility for failure to make satisfactory academic progress. The stu­dent may appeal the Financial Aid Suspension if unusual circumstances beyond their control prevented them from meeting satisfactory academic progress (see appeal process).

Appeal Process

A student may appeal the loss of financial aid eligibility if extenuating circumstances interfered with the ability to meet satisfactory academic progress standards. In order to appeal the loss of financial aid eligibility, the student must submit a detailed letter of appeal explaining the exten­uating circumstances that resulted in the lack of academic progress and documentation to support extenuating circumstances. To complete the appeal process, the student may be required to submit an academic plan provided by the student’s department.

Circumstances must meet one of the following criteria:

• Prolonged illness, medical condition, or injury to student or immediate family member;
• Death of an immediate family member; or
• Extenuating circumstances beyond the student’s control

Appeal must include the following information:

• A detailed appeal letter;
• Circumstances and how the circumstances affected academic performance;
• Dates and time periods involved; and
• Explanation of how the student’s situation has changed and the steps the student is taking to resolve the circumstances.

Documentation may include:

• Physician’s letters and hospital records (must include dates of illness and recovery time);
• Death certificate or obituary;
• Court or police documents;
• Letters from third party professionals on his/her letterhead

Students who have exceeded the maximum time frame must include additional information:

• Explanation of why he or she was unable to complete his or her program within the time frame allowed for the degree;
• Number of hours needed to complete current degree and intended graduation date; and
• Copy of his or her academic degree plan listing all remaining classes needed to graduate.

ATTENTION: No appeal will be accepted without supporting docu­mentation. The appeal may not be based upon the need for financial aid assistance or the lack of knowledge that the financial aid assistance was in jeopardy.

Appeals may be mailed to:

The Financial Aid Appeals Committee Millsaps College
1701 North State Street Box 151150
Jackson, MS 39210 or

Appeals may be faxed to: 601-974-1224

Appeal Decisions

• A decision requires approximately three weeks.
• Notification will be mailed to the student’s financial aid address currently on file.
• If approved, financial aid will be awarded on a probationary period for one semester.

Regaining Financial Aid Eligibility

Financial aid eligibility can be re-established after the student improves his or her academic record to meet the minimum standards required by the Satisfactory Academic Progress Policy, without the assistance of financial aid funds. Similarly, financial aid eligibility can be re-established by successfully appealing a suspension.

Approved Appeals and Satisfactory Academic Progress Probation

For approved appeals, the student will be placed on Satisfactory Academic Progress Probation (SAP). (Financial Aid SAP Probation is for financial aid purposes only and is separate from academic standing probation.) While on Satisfactory Academic Progress Probation, certain condition for academic performance will be set and monitored.

Students placed on Probation regain eligibility for financial aid if:

• The student meets all of the Standards of Satisfactory Academic Progress by the end of one subsequent period of enrollment; or
• The student is placed on an academic plan leading to graduation that, if followed, ensures that the student is able to meet all of the standards of Satisfactory Academic Progress by a specific point in time.

Students who meet all of the standards of Satisfactory Academic Progress while on probation will be placed in “Meets SAP” at the conclusion of the period of enrollment or academic plan period. Progress in an academic plan is measured at the end of each period of enrollment. Students who do not meet all of the Standards of Satisfactory Academic Progress or academic plan requirements while on probation will be placed on suspension.

This policy is subject to change without notice in order to remain compliant with federal regulations.