Payment and Refund Policy

Payment Policy

Full payment of tuition and other related fees are due at the start of the term as specified on the tuition statement with the exception of the first-year students in the Four-Year OD Program. For these students, tuition and fees are due approximately two weeks before the beginning of the term on August 15. Students may not register or attend classes if tuition and fees are not paid in full or appropriate arrangements have not been made with the Business Office at least two weeks prior to the beginning of the term. The College may charge a late fee of $100 for accounts not paid by the due date.

Veteran Tuition and Fees Policy

Pursuant to Section 103 of the Veterans Benefits Act of 2018 and Transition Act, a student who is entitled to educational benefits under Chapter 31-Vocational Rehabilitation and Employment or chapter 33-Post 911 GI Bill® benefits will be permitted to attend classes at the New England College of Optometry and will not be imposed any penalty, including late fees or access to facilities due to a delayed disbursement of VA funding.

Protection begins when the student provides NECO with a Certification of Eligibility or a Statement of Benefit.  To find out how much your benefits will cover, we suggest using the GI Bill Comparison Tool.  It is important to complete all fields in the “Calculate your benefits” section to see what the VA provides in terms of tuition and fees, housing allowances, book stipends by year (or term), and what costs will be out-of-pocket for the student.  The “Comparison Tool” also shows if funds are paid to the school or, directly, to the student.

• Any Portion of the student bill not covered by VA benefits is still expected to be settled by the due date.
• Protection ends when VA makes payment or 90 days after the date that NECO certifies tuition and fees.

Tuition Refund Policy

Withdrawal Date	Refunded
Before the 1st day of the academic term	100%
During the 1st week	90%
During the 2nd week	80%
During the 3rd week	70%
During the 4th week	60%
After the 4th week	0%

When calculating refunds, a reasonable administrative fee may be charged. This fee shall be the lesser of 5% of charges assessed the student or $100.

All fees, except for the mandatory equipment fee, are non-refundable. The equipment fee is refundable only if the equipment is returned intact and unopened within the first two weeks of the term.