This information describes Grinnell's College Tuition Stabilization Plan (CTSP) available for payment of tuition for four years. CTSP offers the potential to create certainty about future college tuition costs and eliminate future increases.

The College Tuition Stabilization Agreement is applicable to all who prepay up to four years of college tuition prior to fall registration. CTSP is available for entering first-year students and qualified second- and third-year students to the extent of their remaining undergraduate tuition. CTSP is not available for use by students who otherwise receive financial aid from Grinnell College.

Grinnell College will accept prepayment of all four years of tuition at the rate in effect when the student enters the Plan. A student whose tuition is paid under the CTSP does not pay tuition increases. Additional tuition costs for hours exceeding full-time study, off-campus study programs, private lessons and other special tuition charges as defined by the College are outside the scope of the CTSP.

All CTSP participants will be required to sign the College Tuition Stabilization Agreement covering the operative terms of the Plan. If the student withdraws from the college, unused tuition will be refunded as provided by the Agreement and applicable college rules.

1. Participation: While CTSP was designed for parents of Grinnell College students, prepayment may be made by other parties on behalf of a student or by a student.

2. Enrollment: CTSP may be used for a minimum of two years (four semesters) and a maximum of four years (eight semesters). CTSP is offered in the fall semester to students admitted to or enrolled at Grinnell College.

3. Permanent Withdrawal: If the student permanently withdraws from the college, there will be a prorata refund of the unused tuition. Refunds for semesters not yet begun will be funded to the signatory of the CTSP Agreement, and refunds for that portion of a semester already begun will be refunded in accordance with the College Tuition Stabilization Agreement and applicable college rules. All refunds are subject to the college's right of offset for charges due the college other than in connection with the tuition costs.

4. How to Apply for the College Tuition Stabilization Plan: Included with this letter are the necessary forms to apply for participation in the College Tuition Stabilization Plan.

(A) Complete and execute both copies of the enclosed College Tuition Stabilization Agreement.

(B) Attach to the college's fall statement the executed agreements and check, payable to Grinnell College, in the amount of the total tuition. Mail or present the agreements, check, and statement, together with other registration materials, in accordance with the instructions for regular registration procedures.

(C) An executed copy of the agreement, signed on behalf of the college, will be mailed to you for your records.

If further specific information about the plan is needed, please call or write:




	Cashier
	Grinnell College
	1103 Park Street
	Grinnell, Iowa  50112-1690
	Telephone:  (641) 269-4100

Grinnell College is pleased to announce an enhancement to the student billing system. During June, 2005, billing statements will be available electronically and payments may be made via the web. Additional services provided include:

As part of this change, credit card payments toward student charges will no longer be accepted directly by Grinnell College. The increasing costs of processing credit cards has made it necessary for the College to find a way to manage these expenses and still provide as many payment options as possible. Therefore, PayPath will accept credit card payments on the College's behalf. As part of this service, PayPath will add a 2.75% service fee to the total payment. For example, if a $1000 payment is being made on a student's account, the total amount charged to the credit card will be $1027.50. Grinnell College will receive only the $1000 owed for student charges. PayPath accepts Mastercard, American Express and Discover. PayPath does not accept Visa.

Payment by electronic check will be available at no additional charge and you may continue to send checks directly to the Cashier's Office, although we encourage you to take advantage of these new online services.

At this time, electronic payment will not be available for telephone bills or to add funds to the Pioneer One card. Payments for these items will be accepted directly at the Cashier's Office and may be paid by credit card at no additional charge.

If you have any questions regarding this information, please contact the Cashier's Office at 641-269-4100 or email Cashier@grinnell.edu .