Students' financial accounts are required to be current and up to date at all times. All outstanding past due balances must be paid by the first week of classes each semester. If a student is receiving federal or college loans, all promissory loan notes must be signed by the required date shown on the Academic Calendar each semester.
Families of Pomona College students may choose between two different billing schedules—a monthly payment plan or a basic plan with a single payment per semester. Please read the following information carefully as you decide which plan best suits your needs and begin making your financial arrangements.
The Monthly Payment Plan
The Monthly Payment Plan allows families to spread the cost of tuition, room and board, and student-body fees over the academic year. There are four billing installments per semester, for a total of eight payments for the academic year. Payments are due at the beginning of each billing month. Fall semester payments begin August 1, and end November 1. Spring semester payments begin January 2, and end April 1. Miscellaneous charges such as parking citations and health center fees are due and payable in the month billed. These charges are not spread over your remaining monthly payments.
The Full Payment Plan
If you do not elect to use the Monthly Payment Plan, you will be billed one payment per semester. You will receive your fall semester statement in mid-July for payment due August 1, and your spring semester statement in mid-December for payment due January 2. You will also receive a statement any month in which miscellaneous charges are billed. These charges are due and payable in the month billed.
PayMyTuition - Preferred payment method for international students
Pomona College has partnered with PayMyTuition for international tuition payments. With PayMyTuition, you can pay your tuition payments from any bank, in any country in any currency at better than bank exchange rates. PayMyTuition is fast, simple, and cost effective.
Additional Information on PayMyTuition:
- How to make a Payment with PayMyTuition (video)
- PayMyTuition’s Rate Guarantee
- Frequently Asked Questions
How to make a payment – step-by-step:
PayMyTuition customer support information
No matter what time zone you are in, you will have a dedicated customer support team available to you through live chat, email and phone to answer any of your questions and help you make your payment.
Western Union GlobalPay
International students - How to make a payment
Pomona College and Western Union Business Solutions have partnered through CASHNet to provide a convenient way for you to make payments for your tuition and other fees. Once you’ve logged in to CASHNet and selected Western Union Business Solutions, you will be directed to WU GlobalPay for students.
- Pay in the currency of your choice without any fees
- Receive best rate guarantee via WU ® GlobalPay for Students Price Promise*
- Your full payment amount is received by Pomona College no hidden fees
- Live chat with 24/7 support
- Track your payment
- How to make a payment
- When you pay via Western Union Business Solutions you will access the WU GlobalPay for Students payments platform and choose from a wide range of local online payment options including Alipay, UnionPay, ChinaPay and INR Bank.
*If you find a lower price from your bank, we will match it. Email firstname.lastname@example.org with GlobalPay for Students reference (starting with EUS) plus screenshots of the quote from your bank. Terms and Conditions apply.
Returned Payments & Delinquent Accounts
Payments returned by the bank for non-sufficient funds, revoked authorization, or an invalid routing/account number are subject to a returned payment fee of $25 for the first incident and $35 for second incident. If your payment is not received by the due date, a late payment charge will be assessed at the rate of $25 per month until the past due account is paid in full.
Room and Board
Room and board payments cover room rent and the cost of meals during and just prior to the opening of classes. Students may change board plans until the 10th day of classes through the Office of Campus Life. The College will cover the room and board costs for new students if they are asked to arrive prior to that date, and for any returning students who are needed to assist with the opening activities.
The room contract does not include the use of rooms during summer or during winter vacations; the College reserves the right to assign other persons to rooms during these periods. Students who wish to stay on campus during these periods must request special arrangements with the Office of Campus Life. If such a request is approved, there will be a nominal charge for the privilege. The College dining halls are normally closed during these periods.
Mailing Your Payment
If you mail your payment instead of using ACH, please send your check payable to Pomona College (with student's ID number) to:
P.O. Box 22390
Los Angeles, CA 90074-2390
OVERNIGHT/SIGNATURE REQUIRED/EXPRESS/COURIER DELIVERED
BOA Lockbox Services
2706 Media Center Drive
Los Angeles, CA 90065
Note: the bank will not hold postdated checks.
Outside scholarship checks should be sent directly to the Office of Financial Aid at:
Office of Financial Aid
333 N. College Way
Claremont CA 91711
Paying Via E-Check and Viewing Your Balance Online
Students may view and pay online at the Pomona College Portal website. Once the student authorizes an additional party, they will receive an email with a parent PIN and password, along with a CASHNet link specific for parents to log in. Credit cards are not accepted. For any questions on this process, please email email@example.com.
You will not see a credit on your statement for payment of the first-year deposit. Deposits are held in a separate account and will be refunded directly to the student upon graduation (or withdrawal) from the College after settlement of the final bill.
Whom to Call With Questions
The Student Accounts Office and the Office of Financial Aid are two separate offices who work closely together. If you have questions regarding your Student Accounts statement, please contact Student Accounts at (909) 621-8214. If you have questions regarding your “Office of Financial Aid,” please contact the Office of Financial Aid at (909) 621-8205.
1098T Frequently Asked Questions
WHAT IS A 1098-T FORM?
The 1098-T form is used by eligible educational institutions to report information about their students to the IRS as required by the Taxpayer Relief Act of 1997. Eligible educational institutions are required to submit the student’s name, address, and taxpayer’s identification number (TIN), enrollment and academic status. Beginning with 2003, educational institutions must also report amounts to the IRS pertaining to qualified tuition and related expenses, as well as scholarships and/or grants, taxable or not. A 1098-T form must also be provided to each applicable student. This form is informational only. It serves to alert students that they may be eligible for federal income tax education deductions or credits. It should not be considered as tax opinion or advice. While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax deduction or credit. There is no IRS requirement that you must claim the tuition and fees deduction or an education credit. Claiming education tax benefits is a voluntary decision for those who may qualify.
WHEN CAN I EXPECT TO RECEIVE MY 1098-T FORM?
1098-T forms will be available for viewing/downloading in CASHNet by January 31st.
HOW IS BOX 1 BEING DETERMINED?
Box 1 reports payments received from all sources for qualified tuition and related expenses for the calendar year. Qualified expenses do not include charges for housing, meal plans, transportation, and personal expenses. Payments received are first applied to qualified tuition and related expenses. Once qualified tuition and related expenses are paid for, any remaining balance/payments are applied to room, board, and other fees. For example, if a payment of $5,000 was received in December 2021 for Spring 2022 tuition and fees, the $5,000 will be applied in full towards qualified tuition and related expenses (QTRE) first and thus reported in the 2021 1098T.
WHY DID I RECEIVE A 1098-T AND WHAT AM I SUPPOSED TO DO WITH IT?
In January of each year, Pomona College sends an IRS Form 1098-T to all students who had qualified tuition and other related educational expenses billed to them during the previous calendar year. This form is informational only and should not be considered as tax opinion or advice. It serves to alert students that they may be eligible for federal income tax education deductions or credits. Receipt of Form 1098-T does not indicate eligibility for a deduction or tax credit. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records. NOTE: It is up to each taxpayer to determine eligibility for the credits and how to calculate them.
HOW CAN I OBTAIN A COPY OF MY 1098-T FORM?
To obtain a copy of your 1098-T form, log into your CASHNet Account.
WHY DON’T THE NUMBERS ON THE 1098-T FORM EQUAL THE AMOUNTS I PAID TO POMONA COLLEGE DURING THE YEAR?
The amount in Box 1 only has amounts paid for qualified tuition and related expenses (QTRE) and does not include payments received for housing, meal plans, library fines, parking citations/permits, insurance, or health services fees as these fees are not considered related education expenses. Furthermore, 1098-T forms report amounts that the student paid in a particular calendar year, and the pay date does not necessarily correspond to the dates that the classes were attended. For example, tuition for Spring semester is billed in December so a student may have paid tuition for Spring semester in 2021 despite the fact that classes did not start until 2022. The best and most accurate source of information about the amounts that you paid for qualified tuition and related expenses will be your e-Bills located in CASHNet.
I GRADUATED IN MAY OF THE CURRENT YEAR. DO I HAVE A 1098-T FORM FOR THE CURRENT YEAR?
Some May graduates will not be issued a Form 1098-T for the current year because there is a possibility that payments for QTRE were made on or before December 31 of the previous year. The current Spring semester tuition charges are generally billed and posted in December of the previous year and, therefore, would have been included on the previous year’s Form 1098-T, in Box 1. If a student paid for the current Spring semester and any other outstanding QTRE charges in the previous year, then the student would not receive a 1098-T Form for the current year.
I DID NOT RECEIVE A 1098-T FORM, WHY?
Pomona was not required to send you a form.
DID YOU SEND A COPY OF THIS FORM TO THE IRS?
Yes. Section 6050S of the Internal Revenue Code, as enacted by the Taxpayer Relief Act of 1997, requires institutions to file information returns to assist taxpayers and the Internal Revenue Service in determining eligibility for the Hope and Lifetime Learning education tax credits. Forms are mailed at the end of January of each year for the previous tax year.
What educational expenses are considered as qualified tuition and related expenses?
Qualified tuition and related expenses for calculating tax credits/deductions:
- Tuition fees required for enrollment or attendance at an eligible educational institution (any accredited public, nonprofit, or proprietary postsecondary institution—including Pomona College)
- Books, supplies, and equipment needed for a course of study
For more information about qualified educational expenses please go to: IRS Publication 970.
WHAT IS THE AMERICAN OPPORTUNITY CREDIT?
For more information, please visit the IRS website.
MY ADDRESS LISTED ON THE 1098-T HAS CHANGED. WILL THIS AFFECT ME?
No. The address shown on Form 1098-T is irrelevant for IRS income tax filing purposes. The single most important information on the form is your Social Security Number.
HOW DO I GET A REPRINT OF MY 1098-T FORM?
1098-T forms can be printed/downloaded from CASHNet, under “Tax Forms”.
HOW CAN I GET AN ITEMIZED LISTING OF MY FINANCIAL ACTIVITY THAT IS ON MY 1098-T FORM?
Calendar year account statements are available by request.
WHAT IF I STILL HAVE QUESTIONS?
If you have additional questions/concerns, you can reach us by Email: firstname.lastname@example.org or Phone: 909-621-8214
Note: Please be advised that Pomona College does not provide legal, tax, or accounting advice to students and we are not responsible for any use you make of the information in this publication. Receipt of Form 1098-T does not indicate eligibility for the tax credit.